Revised Interest Rate of Deposits (With effect from 15.05.2023)

Type of deposit Existing Rate (%) (w.e.f 02.01.2023) Revised Rate (% pa) (w.e.f15.05.2023)
(i) a) Savings Deposit 3.50% 3.50%

b) Savings New Scheme (Rules

as per order no.-24/2006-07 dated 26-09-2006,)

3.50% 3.50%
(ii) Daily Deposit Scheme (Commonly known as Daily Savings Scheme) 2.00% 2.00%
(iii) Current Deposit 0.00% 0.00%
(iv) Term Deposit With effect from 02.01.2023 With effect from 15.05.2023
Period

General

*

Senior Citizen** General* Senior Citizen**
ROI

Eff. Rate**

*

ROI Eff. Rate***
15 days to 45 days 3.75% 3.75%

3.75

%

3.75%
46 days to 90 days 4.20% 4.20%

4.50

%

4.50%
91 days to 179 days 4.70% 4.70%

5.10

%

5.10%
180 days to Less than 1Year 5.30% 5.30%

5.40

%

5.40%
1 Year to Less than 3 years 6.50% 7.00%

6.80

%

6.98%-

7.41%

7.50%

7.71%-

8.24%

3 years 6.85% 7.35%

6.90

%

7.59% 7.60% 8.45%
Above 3 Years to 5Years 6.85% 7.35%

6.90

%

7.66%-

8.16%

7.60%

8.53%-

9.14%

Above 5 Years To10 Years. 6.50% 7.25%

6.65

%

7.88%-

9.34 %

7.40%

8.94%-

10.82%