Banks allow depositors the flexibility to create fixed deposits for tenures as low as 30 days up to 10 years.
The interest rate on the deposit depends on the period for which the funds are placed with the bank.
| Period | Rate of Interest w.e.f. 25/01/2024 | ||
|---|---|---|---|
|
From |
To |
For Normal Citizens |
For Senior Citizens, |
|
Co-Op. Organizations, Trust |
|||
|
30 Days |
90 Days |
4.50% |
5.00% |
|
91 Days |
120 Days |
5.00% |
5.50% |
| 121 Days | 180 Days | 5.50% | 6.00% |
|
181 Days |
270 Days |
6.00% |
6.50% |
|
271 Days |
365 Days |
6.50% |
7.00% |
|
1 Year 1 Day 366 Days |
2 Years 730 Days |
7.00% |
7.50% |
|
2 Years 1 Day 731 Days |
3 Years 1095 Days |
7.50% |
8.00% |
|
3 Years 1 Day 1096 Days |
& Above |
8.00% |
8.50% |
|
Double Benefit |
|
105 Months |
99 Months |
|
Amrut Kalash Special Deposit Scheme |
555 Days | 7.00% | 7.50% |
|
Dhansanchay Special Deposit Scheme |
1111 Days | 8.00% | 8.50% |
