Deposit Interest Rates

sr

period of fixed deposits

Changed interest rates from 01 October 2023

General citizen

Senior citizens
(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 31-03-2025)

Effective from 12.09.2024)

(1)less than 15 lakhs

(2)15 lakhs and above but Rs. less than 01 crore

(3)01 crore and above

7.00%

7.50%

7.70%

7.50%

8.00%

8.00%

5

1 year and above but less than 2 years
(1) Upto 15 lakh
(2) More than 15 lakh

5.75%
5.75%

6.25%
6.25%

6

2 years and above
(1) Upto Rs 15 lakh
(2) Above Rs 15 lakh

5.80%
5.80%

6.30%
6.30%

saving account :-

The interest rate on savings accounts is 3.00 percent per annum. This interest is paid to the accounts of account holders on half yearly basis.

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

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

(2) Rs. More than 01 lakh but maximum Rs. 4 percent interest up to Rs 5 lakh

(2) Rs. 4.75 percent interest on balance more than Rs 5 lakh

Interest is paid into account holders' accounts on half yearly basis