Deposit Interest Rates

Interest Rates on Term Deposits.

All Term Deposit Scheme

Revised Interest Rates on Fixed Deposits / SSDC / MIDC /Recurring Deposits / Bulk Deposit Schemes.

w.e.f. 18/11/2022

No Particulars Interest Rate for General Public w.e.f. 18/11/2022 Interest Rate for Senior Citizen w.e.f. 18/11/2022

1

7 Days to 30 Days (FDR)

3.75 %

N.A.

2

31 Days to 90 Days (FDR)

4.00 %

N.A.

3

91 Days to 180 Days (FDR)

5.00%

N.A.

4

181 Days to 364 Days (FDR)

5.75%

N.A.

5

For 1 Year & Up to 3 Years (FDR/  SSDC/MIDC/Recurring Depo.)

(Deposits will be accepted in Multiple of full months only.)

7.00 %

7.50 %

6

Nutan Swarnim II  

Fixed for 540 Days

(Cumm. & Non Cumm)

7.25 %

7.75

7

Nutan Bulk Deposit – (FOR GENERAL PUBLIC)(FDR / SSDC)

Single Deposit Rs.1 Crore & above

· For 90 days to 180 days

· For 181 days to 364 days

· For Above 1 Yr & up to 3 yr  

 

 

6.50%

7.25%

7.00%

N.A.

8

Inter Bank Deposits (FDR / SSDC)

· For 90 days to 180 days

· For 181 days to 364 days

· For Above 1 Yr & up to 3 yr  

[Minimum Deposit Rs.50/- Lac and above]

· [ For P.B.M. No Penalty ]

6.50%

7.25%

7.00%

N.A.

 Under Senior Citizen Scheme 1st Name of the Deposit holder must be of 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 and MIDC /SSDC should be accepted for min. 1 Year & up to 3 Years only.

* 0.50 % Penalty should be levied on Deposit paid before maturity. [Except Interbank Deposit]

* Nutan Tax Saving Deposit Scheme

Deposit under benefit of Income-Tax u/s 80 C for a Fixed Period of 5 Years.

Particulars Existing Interest Rate w.e.f. [10/10/2022] Revised Int. Rate [18/11/2022]

(A) For General Public

5.75 % 6.25 %

(B) For Senior Citizen

6.25% 6.75%

(c) For Staff

6.75% 7.25%