Interest Rates

Deposits Interest Rates

Rate of interest on Fixed Deposits revised w.e.f. 21.08.2023

DEPOSIT INTEREST RATES

Sl. No. FIXED DEPOSITS REVISED RATES OF INTEREST

 W.E.F. 21.08.2023 (P A)

PERIOD
1 30 days – 90 days 4.35%
2 91 days – 180 days 4.85%
3 181 days – upto 1 year 5.85%
4 Above 1   year   to  upto          3 years 8.60%
5 Above 3 Years and  upto 5 Years 8.85%
6 Above 5 Years and  7 Years 8.85%
7 Above 7 Years and  10 Years 7.50%
8 999 Days (Simple Interest ) 9.60%
9 For Senior Citizens, widow, registered societies like MACS and NGOs formed for benefit of common man and Public Charitable Trusts. 0.50 % Extra (Only for 1 year and above)

(women – 58 years)   (Men – 60 years)

10 KANYA VIVAH YOJANA 8.85%  (Above 3 Years to 10 Years)
11 Savings Bank Account 4.00%

Senior Citizen

Senior Citizens are eligible for 0.50 % extra on normal rate of interest
on deposits for the period from 12 months and above.

To claim Senior Citizen, the depositors are requested to produce
any proof like, Voter Card, Ration Card, Driving Licence, Pass Port, Aadhar Card, Pan Card or any other document acceptable to the Bank.

Loans & Advances Interest Rates

                     W.E.F FROM  01.04.2023
ADVANCES INTEREST RATES
OD against Gold 11.00%
 Gold Loans  10.00%
Secured Overdraft
A Category – INITIAL RATE 14.25%
B Category 15.25%
C Category 16.25%
Housing Loans – Upto Rs.30.00 Lakhs 10.25%
                                    Above Rs.30.00 Lakhs 11.25%
Term Loans 13.25%
DL against KVP / NSC  11.25%
Vehicle Loans
Business Mortgage Loan/Mortgage Loan 13.25%
Personal Loans  16.25 % To 18.25%
Depositors Loans against FD/RD for  SELF – 1% PLUS FD/RD  Interest Rate SODF Loans – 2.00% plus FD/RD Interest Rate
Deposit Loans against  FD/RD(for Self and 3rd Party  Loans) 2 % PLUS  FD/RD Interest Rate SODF Loans  for 3rd  parties 3.00 % plus FD/RD Interest Rate

DEPOSITS INTEREST RATES

Senior Citizen

For Senior Citizens, widow, registered societies like MACS and NGOs formed for benefit of common man and Public Charitable Trusts. 0.50 % Extra   (Only for 1 year and above)

(women – 58 years)   (Men – 60 years)