Recurring Deposit Recurring Deposits-Rate of Interest on Deposits [with effect from 05-12-2016]
|Per Month Installment|
Period In Months
|Rate of Interest||Rate of Interest
|14 Days To 30 Days ||5.00%||5.25%|
|1 Month To 3 Months ||5.50%||5.75%|
|3 Months To 6 Months ||6.00%||6.25%|
|6 Months To 1 Year ||8.00%||8.25%|
|Above 1 Year ||8.50%||8.75%|
- Pigmy Deposit 2% rate of interest for a period of 6 monts and one years and above 3%.
- Savings Rate of Interest : 4.00%
- Facility is allowed to Individual Person or Joint Account Holders and Hindu Undivided family
- Deposit amount will be Rs. 100/- or in multiples of Rs. 100/-
- Monthly, quarterly, half yearly interest will be given or after maturity amount will be paid with interest on maturity.
- Duration of deposit will be minimum 5 years and maximum 10 years.
- Nomination facility is available.
- Senior Citizens (Age above 60 years) 0.50% extra interest.
- Trust, Societies & above Rs.15 lakh Depositors 0.25% extra interest.
- 1% less interest rate will be paid on premature deposit receipts.