Recurring Deposits

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Recurring Deposit Recurring Deposits-Rate of Interest on Deposits [with effect from 05-12-2016]
Per Month Installment
Period In Months General Sinior Citizens
Rate of InterestRate 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%

General Information::


  • 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.