Revision of Rate of Interest on Term Deposits.
In supersession of Office letter No. Stat.Cell/24086-153 dated 16.02.2012, it has been decided to revise the Rates of Interest on Term Deposits with effect from 01-05-2012 as under
| Sr. No. |
Maturity Period |
Revised rates w.e.f. 01-05-12 |
| 1 |
7 days to14 days |
4.00% |
| 2 |
15 days to 30 days |
4.00% |
| 3 |
31 days to 45 days |
4.25% |
| 4 |
46 days to 90 days |
5.00% |
| 5 |
91 days to 179 days |
6.00% |
| 6 |
180 days to less than 1 year |
7.00% |
| 7 |
1 year to less than 2 years |
9.00% |
| 8 |
2 years to less than 3 years |
8.75% |
| 9 |
3 years to less than 5 years |
8.75% |
| 10 |
5 years and above |
8.75% |
Interest of 0.50% above these rates to the Senior Citizen will be admissible on single fixed deposit receipt of Rs.5000/- and above for one year and above. These revised rates shall apply only to Fresh Deposits and on renewal of exixting deposits on maturity. The remaining terms and conditions will be applicable as already issued
