Nutan Bank

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 with effect from 15/06/2024. 

w.e.f. 01/04/2024

No Particulars Interest Rate for General Public w.e.f. 15/06/2024 Interest Rate for Senior Citizen w.e.f. 15/06/2024

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

Nutan Samruddhi

364 Days Auto Renew

(Cumm. & Non Cumm)

7.50%

8.00%

6

·  For 1 Year & Up to 2 Years (Quaterly basis i.e 12,15,18,21,24 month only)

· Above 2 Year & up to 3 years (Quaterly basis i.e 27,30,33,36 month only)

·  Above 3 Year & up to 5 years

(FDR/SSDC/MIDC/Recurring Depo.) (Deposits will be accepted in Multiple of full months only.)

7.75%

7.50%

7.35%

8.25%

8.00%

7.85%

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 363 days

· For 1 Year & up to 3 Years

 

 

7.00 %

7.50 %

7.25 %

 

 

 

 

N.A.

8

Inter Bank Deposits (FDR / SSDC)

· For 90 days to 179 days

· For 180 days to 363 days

· For 1 Year & up to 3 Years

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

· [ For P.B.M. No Penalty ]

7.00 %

7.50 %

7.25 %

 

N.A.

9

Inter Bank Deposits (FDR / SSDC)
For 180 Days

· Non-Callable

· Not Renewable


8.00%


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 1 Year
And above & 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 Interest Rate w.e.f.
[15/06/2024]

(A) For General Public

6.75%

(B) For Senior Citizen

7.25%

(c) For Staff

7.75%

Services

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