Term Deposit Interest Rate (w.e.f.- 01/10/2020)
|Period||For General Public||
For Senior Citizen / Charitable Trust / Co-op. Soci.( Regd.) / Educational Inst. (Regd.)
|30 to 90 Days||04.75%||05.25%|
|91 to 180 Days||04.75%||05.25%|
|181 Days to less than 1 Year||05.50%||06.00%|
1 Year to less than 2 Years
|2 years and above||06.00%||06.50%|
For Lakhapati Deposit Scheme
|Monthly Deposit||Month||Maturity Amount in Rs. (approx)|
|General Public||Senior Citizen|
Special Recurring Deposit Scheme for Women.
|1 Year to less than 2 Years||08.25%|
|2 Years and above||07.50%|
Makar Sankranti Deposit Scheme – 2021 (w.e.f 11-01-2021 till 31-01-2021)
|General Public||Sr. Citizen/ Charitable Trust/ Co-op Societies (Registered)|
|15 Months||Rs. 10,000 (Minimum)||07.00% p.a.||07.50% p.a.|
- The revised Interest Rates are to be applicable on Fresh Term Deposits or renewal of Deposits on its maturity, accepts on or after the effective date i.e. – 01st Oct, 2020.
- The revised Interest Rates are applicable to Recurring Deposits accepted in completed quarters only.
- Further, Premature Closer of existing Term Deposits will Attract Penal Interest if the Maturity Date of renewed term deposit is earlier than the maturity date of the existing deposit. Further, if the date of Maturity of renewed term deposit is later than the existing deposit, then No Penalty will be levied.
- Rules of Business as applicable to all Term Deposits as per RBI Guidelines issued from time to time.
‘Please visit your nearest Nav Jeevan Banks Branch for more information, terms & condition.’