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

w.e.f. 01/08/2023

No Particulars Interest Rate for General Public w.e.f. 01/08/2023 Interest Rate for Senior Citizen w.e.f. 01/08/2023

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

Nutan Samruddhi

364 Days Auto Renew

(Cumm. & Non Cumm)

6.75%

7.25%

6

· For 1 Year

· Above 1 Year & up to 2 years

· Above 2 Year & up to 3 years

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

7.00%

7.50%

7.25%

7.50%

8.00%

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 363 days

· For Above 1 Year & up to 3 Years

 

 

6.50 %

7.25 %

7.00 %

 

 

 

 

N.A.

8

Inter Bank Deposits (FDR / SSDC)

· For 90 days to 179 days

· For 181 days to 363 days

· For Above 1 Year & up to 3 Years

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

· [ For P.B.M. No Penalty ]

6.50 %

7.25 %

7.00 %

 

N.A.

9

Inter Bank Deposits (FDR / SSDC)
For 180 Days

Non-Callable

Not Renewable


7.50%


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 Revised Int. Rate [01/08/2023]

(A) For General Public

6.25 %

(B) For Senior Citizen

6.75%

(c) For Staff

7.25%

Services

Edit Template