The revised rates of
interest are as
under and shall be
effective from
01.06.2011
The interest for
Saving Deposits
shall continue at
4.00% p.a. as per
RBI guidelines.
The revised rates of
interest on Term
Deposits and
Recurring Deposits
are as under and
shall be effective
from 01.06.2011
Period
For Public
(%)
For
Senior
Citizen /
Staff
( % )
For HNW*
( % )
30 days to
90 days
6.00
6.25
6.25
91 days to
270 days
6.50
6.75
6.75
271 days to
365 days
8.00
8.25
8.25
More than 12
months to 24
months
9.00
9.25
9.25
More than 24
months to 36
months
9.00
9.25
9.25
More than 36
months to 60
months
8.75
9.00
9.00
The revised rates above will
be applicable to all Term
deposits kept under monthly
/ Quarterly / Cumulative (KTY)
/ Recurring deposit schemes.
Special Deposit Scheme
Effective From 01.06.2011:
Period
For Public
(%)
For
Senior
Citizen /
Staff
( % )
For HNW*
( % )
More than 12
months to 24
months (#)
10.25
10.50
10.50
• We also
accept Corporate Deposits for which
you may contact any of our Branches.
Applicability:
(#) Simple Interest payable at
Monthly / Quarterly intervals.
The revised rates are applicable to
fresh deposits and deposits falling
due for payment on or after
01.06.2011 only.
The interest rates of above Special
Deposit Scheme will be applicable to
Term deposits kept under Monthly /
Quarterly Scheme.
Other regular features:
(*) High Net Worth (HNW) Deposits:
Single deposit of Rs.15,00,000/- and
above will qualify for HNW rates as
per the Table shown above.
Penalty for Premature Withdrawal:
Penalty for pre-mature payment will
continue at 1% other than deposits
reinvested for the longer period of
maturity beyond the expiry of
premature deposit.
Period:
Deposit over 60 months, are not to
be accepted as a matter of policy.
Hence, no rate of interest is
prescribed for deposits over 5
years.
JAN-KAR Bachat Yojana:
The Interest Rate of JANKARBACHAT
YOJANA is revised to 8.50% p.a.
Sr. Deputy General Manager
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