RATE OF INTEREST

1.REVISED RATE OF INTEREST CHART ON TERM DEPOSITS

Updated as on 19.09.2023

RATE OF INTEREST

PERIOD OF DEPOSIT GENERAL BULK  DEPOSIT SENIOR
CITIZEN & SUPER
SENIOR CITIZEN
15   days  to   45 days  4.00%  4.50%  4.50%
46  days  to    90 days  4.00%  4.50%  4.50%
91  days  to  180  days  4.75%  5.00%  5.00%
181 days  to  365  days  7.50%   7.50%   8.00%
1 year to 3 Years
 8.25%   8.25% 8.50%
Above 3 years  to 5 Years  7.00%  7.50% 7.75%
Above 5 years 7.00%  7.50% 7.75%
RRR Deposit RBI’s Repo Rate + 2.20%
Now it’s  6.50% + 2.20% = 8.70%

Bulk deposit shall be of Rs.15 Lakhs and above.

S B ACCOUNTS : WEF: 02.04.2021 (Circular No. 53 / 2020-21)

Balance maintained in the account if it is as under:
Below Rs. 1 lakh – 2.50%
Rs. 1 lakh& above – 3.00%

SUCO SANCHAYA DEPOSIT:

Rate of Interest : Up to 180 days : No interest
181 to 270 days : 3%
271 to 365 days : 4%
366 to 400 days : 4.5%