Rate of Interest on Deposits

Sl.No. Account Type Rate of interest
(w.e.f 01.04.2018)
1 Savings Bank Account
4.00%
2 Term Deposits
a 15 days to 45 days 5.75%
b 46 days to 90 days 6.50%
c 91 days to 179 days 7.00%
d 180 days to 364 days 7.50%
e 1 year and above but below 2 years 8.00%
f 2 years and above 7.75%
g
h

Note: 0.5% additional interest is given to Senior Citizens.