Latest News :-

Total Business of the Bank has crossed Rs. 149.00 Crores

Interest Rate

Savings Bank Account – 4 %
Term Deposit rates with effect from 10th Nov 2016

Particulars General Senior Citizen
30 Days to 60 Days 4.50 % 4.50 %
61 Days to 90 Days 5.00 % 5.00 %
91 Days to 180 Days 5.50 % 5.50 %
181 Days to 365 Days 6.50 % 6.75 %
Above 1 Year to 2 Years 7.00 % 7.50 %
Above 2 Years to 3 Years 7.50 % 8.00 %
Above 3 Years to 5 Years 7.00 % 7.50 %

Term Deposit Pay Out’s

Fixed Deposit Interest pay-out scheme
(Monthly/Quarterly/Half yearly/Yearly)
Ashoka Kubera Yojana Interest compounded (Quarterly compounded)
Recurring Deposit Monthly Installment (Quarterly compounded)

Note

  • Interest payment is subject to TDS.
  • According to the Income Tax Act, Section 62B (c) (j) of 1962, the PAN is mandatory for cash deposits of Rs.50,000/- & Above.
  • Depositors earning interest more than Rs.10,000 /- per annum , its mandatory to furnish PAN details to the Bank .