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INTEREST RATES


A) DOMESTIC SAVINGS INTEREST - - w.e.f. 03.05.2011
 

Saving Bank Deposit Rate

4.0%

 

B) RATE OF INTEREST ON DOMESTIC TERM DEPOSITS, CAPITAL GAIN ACCOUNTS SCHEME 1988, 
RECURRING DEPOSIT SCHEME AND PSB FIXED DEPOSIT TAX-SAVER SCHEME  

 

 

Revised w.e.f. 21.11.2016 (% age p.a.)

Maturity 

Term Deposits

Less than Rs.1 Cr

7 - 14 Days

4.00(#)

15 - 30 Days

4.10

31 - 45 Days

5.10

46 - 90 Days

5.60

91 - 150 Days

6.10

151-179Days

6.10

180 - 269 Days

6.60

270 – 364 Days

6.85

1 Year -2Year

7.10

Above 2 Years - <3Years

7.00

3 Years – 5Years

7.00

>5 Years – 10 Years

7.00

(#) Minimum amount of term deposit shall be Rs. 1.00 lac

 

 

NOTE:

 

1. The revised rates shall apply only to fresh deposits and on renewal of existing deposits

2. The quoted rates are subject to revision from time to time without notice.

3. For Deposits of more than Rs 1 Crore, customers are requested to contact our nearest branch.

4. Senior Citizens shall be given benefit of additional interest of 0.50%p.a. over and above the mentioned rates on deposits of less than Rs 1.00 Crore for the maturities of 180 days & above for renewal as well as on fresh deposits.

5 . Please note that the additional interest rate benefit for Senior Citizens /Staff / Ex Staff is not applicable under Capital Gain Scheme.

 

 Rate of Interest on “PSB Fixed Deposit Tax-Saver Scheme

Maturity

Public

Sr. Citizen (Public)

Staff Members

Ex-Staff Members / Ex-Staff Members (Sr. Citizen)

5 Years

 7.00% p.a.

  7.50% p.a

 8.00% p.a.

 8.00% p.a.

All other terms and conditions as contained in P&D Circular No. 2297 dated 03.02.2007

For any further clarification, customers are requested to contact the nearest branch.

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