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. 24/04/2023

No Particulars Interest Rate for General Public w.e.f. 24/04/2023 Interest Rate for Senior Citizen w.e.f. 24/04/2023

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 363 Days (FDR)

5.75%

N.A.

5

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 Samruddhi

364 Days Auto Renew

(Cumm. & Non Cumm)

7.75%

8.25%

7

Nutan Swarnim II

Fixed for 540 Days

(Cumm. & Non Cumm)

7.25 %

7.75%

8

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

Single Deposit Rs.1 Crore & above

Existing:- For 1 year & maximum up to 3 years

Revised :-

· For 90 days to 180 days

· For 181 days to 363 days

· For Above 1 Yr & up to 3 yrs

     

     

 

     

6.50 %

7.25%
7.00 %

 

 

 

 

 

 

N.A.

9

Inter Bank Deposits (FDR / SSDC) Existing:- For 1 year & maximum up to 3 years

Revised :-

· For 90 days to 179 days

· For 180 days to 363 days

· For Above 1 Yr & up to 3 yrs

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

· [ For P.B.M. No Penalty ]

 

6.50%

7.25%
7.00 %

N.A.

10

Inter Bank Deposits (FDR / SSDC) For 180 Days

 Non Callable

 Not Renewable

7.75%

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 & Nutan Samruddhi Deposit Scheme

* 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.

* Nutan Tax Saving Deposit Scheme

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

Particulars Revised Int. Rate [24/04/2023]

(A) For General Public

6.25 %

(B) For Senior Citizen

6.75%

(c) For Staff

7.25%