* (W.E.F 01-10-2025)
| Regular Term Deposits | Rate of Interest | Remarks |
|---|---|---|
| 007 Days to 045 Days | 3.50% | No Premature Without Penalty |
| 046 Days to 90 Days | 4.00% | |
| 091 Days to 180 Days | 5.00% | |
| 181 Days to 364 Days | 5.75% | |
| 1 Year and Above Upto 3 Years (Cumulative Interest) | 7.00% | 0.50% More Interest for Senior Citizens Premature encashment will attract 1.00% penalty |
| Above 3 Years (Cumulative Interest) | 7.10% | 0.50% More Interest for Senior Citizens Premature encashment will attract 1.00% penalty |
| Bulk Deposits * 1 Years to 3 Years *Conditions apply. | 7.10% | 0.50% More Interest for Senior Citizens Premature encashment will attract 1.00% penalty |
*Conditions apply:
Bulk Deposit: Single term deposits of Rupees fifteen Lakhs and above.
Premature penalty of 1% applicable, if the bulk term deposit withdrawn before its maturity.
Note
- Customer will get interest on Monthly / Quarterly / On Maturity interval on Fixed Deposits.
- TDS will be applicable @10.00%, if interest paid on Fixed Deposits / Recurring Deposits equal to or more then Rs. 50,000/- [General] / 1,0,000/- (Senior Citizen) in a financial year and PAN card submitted.
- If PAN card is not submitted TDS will be deducted @ 20.00%
- Customer may submit form 15G / 15H along with PAN card for no deduction of TDS, if total taxable income of the customer does not exceed basic limit of Income Tax. (Rs. 2,50,000/- [General] / Rs. 3,00,000 [Senior Citizen] / Rs. 5,00,000 [above 80 Years])
- TDS is applicable from June 1, 2015 for financial year 2015-16 (For Depositors of Co-Operative Banks).
- Premature payment will be allowed only with consent of all joint holders. Interest will be paid at 1.00 % less than for particular period.
- Depoist Up to 5,00,000 cover under DICGC