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REVISED INTEREST RATES ON DEPOSITS W.E.F. 20.07.2009
REGULAR INTEREST PAYMENT SCHEME (RIPS)
SENIOR CITIZENS

Period
(Months)
Rate of Interest per annum
        Maximum
        Deposit
      WithoutTax
     Deduction
     at source
    (Rs.)
Monthly
(%)
Quarterly
(%)
Annually
(%)
24
-
8.56
-
58,000/-
36, 48& 60
9.25
9.32
9.65
51,000/-
Minimum
Deposits
in Rs.
Rs.20,000/-
Rs.10,000/-
Rs.10,000/-
 
Further deposits in Multiples of Rs.1, 000/-


INDIVIDUALS

Period
(Months)
Rate of Interest per annum
        Maximum
       Deposit
      WithoutTax
      Deduction
     at source
   (Rs.)
Monthly (%)
Quarterly (%)
Annually (%)
24
-
8.31
-
60,000/-
36, 48& 60
8.75
8.81
9.11
54,000/-
Minimum
Deposits
in Rs.
Rs.20,000/-
Rs.10,000/-
Rs.10,000/-
 
Further deposits in Multiples of Rs.1,000/-

 

OTHERS

Period
(Months)
Rate of Interest per annum
  Maximum
       Deposit
      WithoutTax
      Deduction
     at source
   (Rs.)
  
Monthly (%)
Quarterly (%)
Annually (%)
24
-
7.55
-
66,000/-
36, 48& 60
7.75
7.80
8.03
62,000/-
Minimum
Deposits
in Rs.
Rs.20,000/-
Rs.10,000/-
Rs.10,000/-
 
Further deposits in Multiples of Rs.1,000/-


CUMULATIVE INTEREST PAYMENT SCHEME (CIPS-1)
SENIOR CITIZENS ( 58 YEARS )
Period
Months
Basic rate
per
annum (%)
Effective
yield
(%)
Maturity Value
for Rs. 10000/-
  Maximum
       Deposit
      WithoutTax
      Deduction
     at source
   (Rs.)
12
8.00
8.30
10830
60,200/-
24
8.50
9.23
11846
51,900/-
36
9.25
10.61
13184
43,000/-
48
9.25
11.14
14457
39,200/-
60
9.25
11.70
15852
35,800/-
MINIMUM DEPOSIT RS. 10,000/-  AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-


INDIVIDUAL
Period
Months
Basic rate
per
annum (%)
Effective
yield
(%)
Maturity Value
for Rs. 10000/-
  Maximum
       Deposit
      WithoutTax
      Deduction
     at source
   (Rs.)
12
7.75
8.03
10803
62,200/-
24
8.25
8.94
11787
53,700/-
36
8.75
9.96
12989
46,100/-
48
8.75
10.43
14173
42,200/-
60
8.75
10.93
15464
38,700/-
MINIMUM DEPOSIT RS. 10,000/-  AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-

OTHERS
Period
Months
Basic rate
per
annum (%)
Effective
yield
(%)
Maturity Value
for Rs. 10000/-
  Maximum
       Deposit
      WithoutTax
      Deduction
     at source
   (Rs.)
12
7.50
7.76
10776
64,400/-
24
7.50
8.06
11613
59,700/-
36
7.75
8.69
12608
53,300/-
48
7.75
9.05
13621
49,300/-
60
7.75
9.43
14715
45,700/-
MINIMUM DEPOSIT RS. 10,000/-  AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-

CUMULATIVE INTEREST PAYMENT SCHEME (CIPS-II)
Rs. 647/- Becomes Rs. 1000/- in 60 months
MINIMUM DEPOSIT RS. 647/- AND FURTHER DEPOSITS IN MULTIPLES OF RS. 647/-
 
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