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% |
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% |
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% |
