Deposit Interest Rates

Interest Rates on Term Deposits.

All Term Deposit Scheme

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%