Interest on Fixed Deposits & Recurring Deposits

Type of Deposits & Periodicity Revised rates of Interest effective from 24-12-2015(per annum)
Term Deposits General Senior Citizen Co-op Societies/Other Cheritable Institutions
1 year and above but < than 2 years @6.90% @7.40% @7.40%
2 years and above but < than 3 years @6.65% @7.15% @7.15%
3 years and upto 5 years @6.65% @7.15% @7.15%
Daily Deposits @4.00% @4.00% @4.00%
Saving Bank Deposits @4.00% @4.00% @4.00%

(Note: 0.10% will be given more on the deposits of Rs. 25.00 Lac or above.)

The other term & conditions of Fixed Deposits/Recurring Deposits shall remain unchanged