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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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Core Banking operations at all Branches | ||||||
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| Type of Deposit | Percentage per Annum |
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Savings
Bank (w.e.f. 3.5.2011) |
4.0% |
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Term
Deposits (w.e.f. 23.01.2012) |
Rate of Interest |
Rate of Interest for Senior Citizens |
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15 days to less than 30 days | 6.50% | 6.50% | ||||
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30 days to less than 46 days | 6.50% | 6.50% | ||||
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46 days to less than 91 days | 6.50% | 6.50% | ||||
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91 days to less than 181 days | 8.00% | 8.00% | ||||
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181 days to less than 271 days | 8.50% | 8.50% | ||||
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271 days to less than 12 months | 8.50% | 8.50% | ||||
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12 months to less than 24 months | 9.25% | 10.00% | ||||
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24 months to less than 36 months |
9.25% | 10.00% | ||||
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36 months to less than 60 months |
9.00% | 9.75% | ||||
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60 months and above | 9.00% | 9.75% | ||||
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9.00% | 9.75% | ||||
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555 days (only for individuals) | 9.35% | 10.10% | ||||
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The revised rates of interest are applicable wef 23/01/2012 for fresh deposits as well as renewal of deposits maturing on or after 23/01/2012. |
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Asian Open Forum on Rural and Agricultural Finance, Teheran, Iran TNSC Bank Special Officer?s participation |
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