Deposit Interest Rates

Sr. No

period of fixed deposit

Changed interest rates from 14 February 2023

common citizen

Senior Citizen
(Age 60 years and above)

1

15 days to 45 days

4.00%

4.50%

2

46 days to 180 days

4.50%

5.00%

3

181 days but less than 1 year

4.75%

5.25%

4

425 days (scheme limited period till 30-09-2023)

7.00%

7.50%

5

1 year and above but less than 2 years
(1) Up to 15 lakh
(2) Above 15 lakh

5.75%
5.75%

6.25%
6.25%

6

2 years and above
(1) Up to 15 lakhs
(2) Above 15 lakhs

5.80%
5.80%

6.30%
6.30%

saving account :-

The interest rate in savings accounts is 3.25 percent per annum. This interest is paid to the accounts of the account holders on a half-yearly basis.

* Smart Saving Deposit Account (GL-46) :-

(1) Rs. 3.5 percent interest on deposits up to 01 lakh

(2) Rs. Above 01 lakh but not exceeding Rs. 4 percent interest up to 5 lakhs

(2) Rs. 4.75 percent interest on balance above 5 lakhs

Interest is paid on half yearly basis to the accounts of the account holders