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Scheduled Bank (Listed under Second Schedule of RBI Act) | ||||||
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DICGC coverage for deposits upto Rs.1 lakh | ||||||
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Periodical supervision / inspection by NABARD | ||||||
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Strict compliance of RBI and Banking Regulation Act Regulations in adherance of SLR & CRR | ||||||
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Earning profits continuously since inception from 1905 | ||||||
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Lowest interest rate on jewel loan | ||||||
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Lesser Service charges | ||||||
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Drafts issuing / cheques collection facility all over India | ||||||
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Computerised operations at all Branches | ||||||
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| Type of Deposit |
Percentage per Annum |
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Savings
Bank (w.e.f. 1.3.2003) |
3.50% |
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Term
Deposits (w.e.f.07.08.2010) |
Rate of Interest % p.a |
Rate of Interest for Senior Citizens % p.a |
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15 days to less than 30 days | 3.50% | 3.50% | ||||
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30 days to less than 46 days | 3.50% | 3.50% | ||||
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46 days to less than 91 days | 4.50% | 4.50% | ||||
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91 days to less than 181 days | 5.75% | 5.75% | ||||
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181 days to less than 12 months | 6.50% | 6.50% | ||||
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12 months to less than 24 months | 7.25% | 7.75% | ||||
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24 months to less than 36 months | 7.50% | 8.00% | ||||
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36 months over and above |
7.50% | 8.00% | ||||
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Tax Benefit Deposit (5 Years and above) | 7.50% | 8.00% | ||||
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For Investments in Single Deposit of Rs.50 crore and above under this category, additional interest of 0.50% will be paid.Additional interest rate @ 0.50% p.a will be allowed for SENIOR CITIZENS for the investments made for the period of one year and above. |
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The revised rates of interest are applicable wef 07/08/2010 for fresh deposits as well as renewal of deposits maturing on or after 07/08/2010. |
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