Revised Interest Rates on Fixed Deposits / SSDC / MIDC / Recurring Deposits / Nutan Abhigam /Bulk Deposit Schemes.
w.e.f. 23/12/2020
| No | Particulars | Rate |
|---|---|---|
| 1 | 15 Days to 180 Days (FDR) | 3.75% |
| 2 | 181 Days to 364 Days (FDR) | 5.50% |
| 3 | For 1 year & up to 3 Years ( FDR / SSDC / MIDC / Recurring Depo.) | 5.75% |
| 4 | Nutan Abhigam Certificate Fixed for 1100 Days (Cumulative) | 5.75% |
| 5 | Nutan Bulk Deposit – (FOR GENERAL PUBLIC) (FDR / SSDC) Single Deposit Rs.1 Crore & above For 1 year & maximum up to 3 years | 5.50% |
| 6 | Inter Bank Deposits (FDR / SSDC) any amt. For 1 year & maximum up to 3 years (will not be accepted less than 1 year) | 4.75% |
Under Senior Citizen Scheme 1st Name of the Deposit holder must be Senior citizen.
* 0.50% Additional interest rate to Senior Citizen for Deposit of Above 1 Year
* 1% Additional interest rate to Staff / Ex-staff members (Retired)
* Recurring Deposit, MIDC and Bulk deposit should be accepted for min. 1 Year & up to 3 Years only.
* 0.50 % Penalty should be levied on Deposit paid before maturity.
* Nutan Tax Saving Deposit Scheme
Deposit under benefit of Income-Tax u/s 80 C for a Fixed Period of 5 Years.
| Particulars | Interest Rate |
|
(A) For General Public |
5.50% |
|
(B) For Senior Citizen |
6.00% |
|
(c) For Staff |
6.25% |
