The
interest rates are fixed in relation to the
type of Deposit Products
offered.
Loan against fixed deposits:
2% above fixed deposit rate.
A. Individual Fixed Deposits rates:
| Deposit
period |
Interest
rate |
| 1. 3 months
to 1 year |
5.0 % p.a. |
| 2. 1 year
to 2 years |
6.5 % p.a. |
| 3. 3 years
to 5 years |
7.0 % p.a. |
| 4.5 years
and above |
8.0 % p.a.
|
Terms and Conditions
1. Interest rate on Pre-mature withdrawal
will be 1% less than the prevailing deposit
period interest rate.
2. Minimum deposit period shall be 90 days.
B. Revised interest rates on corporate
fixed deposit
| Deposit
period |
Interest
rate |
| 1. 46 days
to 1 year |
2.25 % p.a. |
| 2. 1 year
to 3 years |
3.00 % p.a. |
| 3. 3 years
to 5 years |
4.00 % p.a. |
| 4. 5 years and 7 years |
5.50 % p.a. |
| 5. 7 to 10
years |
6.00 % p.a |
| 6. 10 to
12 years |
6.50 % p.a |
| 7.
12 years and above |
7.00 % p.a |
Terms and Conditions
1. Interest rate on Pre-mature withdrawal
will be 2% less than the prevailing deposit
period interest rate.
2. Minimum deposit period shall be 46 days. |
