Deposit Interest Rates

Period Rate of interest %
(w.e.f. 01.10.2020)
Less than Rs 1 Cr Rs 1 Cr & Above
15 days to 45 days 3.85 3.35
46 days to 90 days 4.60 4.35
91 days to 179 days 5.10 4.85
180 days to 364 days 5.60 5.10
1 year to less than 2 years 6.20 5.85
2 years and above 5.85 5.60
Senior Citizens 0.50% extra in all the above slabs
AKSHAYA Term Deposit Scheme - III (Non-Callable) 6.00% for one year period
Ujwala Term Deposit Scheme General Public Senior Citizen
6.35 6.85

Synopsis of the UJWALA Term Deposit Scheme

  • Non-Callable deposit
  • No premature wihdrawal
  • No Deposit Loan or Secured Overdraft
  • Rs. 15.10 lakh to Rs.50.00 lakh only
  • One Year Term Deposit Only
  • Acceptable from individuals only
  • Rate of interest (at present): 6.20% + 0.15%=6.35%
  • Open during period from 01.12.2021 to 31.03.2022
  • Rate of Interest for senior Citizens (At present): 6.85%