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Interest
Rates
The revised rates of
interest are as
under and shall be
effective from
11.08.2010
The revised rates
will be applicable
to all Term deposits
kept under Monthly /
Quarterly /
Cumulative (KTY/
RD) schemes.
|
|
Period |
For
Public
(%) |
For
Senior
Citizen
( % ) |
HNW,
( % ) |
|
30 days to
90 days |
5.00 |
5.50 |
5.25 |
|
91 days to
180 days |
5.75 |
6.25 |
6.00 |
|
181 days to
364 days |
6.50 |
7.00 |
6.75 |
|
1 year to
2 years |
7.25 |
7.75 |
7.50 |
|
More than 2
years to 3
years |
7.50 |
8.00 |
7.75 |
|
More than 3
years to 5
years |
7.25 |
7.75 |
7.50 |
Deposits for
500 days
only under
monthly/quarterly
products |
8.25 |
8.50 |
8.50 |
|
New Scheme :
Deposit for
720 days
only
(Cumulative
Product
only) |
|
|
For
Public |
For Sr.
Citizen/Staff |
For HNW
(*) |
|
Investment
amount |
Rs.10,000/- |
Rs.10,000/- |
Rs.50,00,000/- |
|
Maturity
Proceeds
|
Rs.11,800/- |
Rs.11,900/- |
Rs.59,50,000/- |
Indicative
Rate of
Interest (%)
Effective
Rate of
Interest
(indicative)
(%) |
8.48
9.00 |
8.92
9.50 |
8.92
9.50 |
|
The
Interest Rate of
JANKARBACHAT YOJANA remains
unchanged at 8.00%.
Note:
1. Under “Deposit Scheme for
720 Days” the minimum
Deposit will be for
Rs.10000/- and thereafter in
multiples of Rs.1000/-
2. (*) HIGH NET WORTH (HNW)
DEPOSIT: UNDER “DEPOSIT
SCHEME FOR 720 DAYS” EACH
SINGLE DEPOSIT RECEIPT OF
RS.50,00,000/-
(and in multiples of Rs.1,00,000/- thereafter) WILL GET BENEFIT OF
INTEREST RATES FOR HNW AS
SHOWN ABOVE. In all other
cases,
single deposit of Rs.15,00,000/- and above will qualify for HNW
rates as per the Table shown
above.
3. Penalty for pre-mature
payment will continue as per
rule.
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