Interest Rates

Interest Rate of Deposits

updated on April 17, 2024
  • SB Account - Rate of interest 3%
  • Current Account - 0% Minimum Balance Rs 1000 only.

Fixed Deposit [Domestic]

Fixed Deposit Interest Rates with effect from 01-Jul-2024
Period General Senior Citizens Super Senior Citizens
30 days 5.00% 5.50% 5.75%
31 days to 46 days 5.25% 5.75% 6.00%
47 days to 90 days 6.00% 6.50% 6.75%
91 days to below 180 days 7.00% 7.50% 7.75%
181 days to 364 days 7.50% 8.00% 8.25%
1 Year 8.25% 8.75% 9.00%
Above 1 year and 120 months (10 years) 8.00% 8.50% 8.75%
Bulk Deposits above 1 Crore and above (12 months) 8.30% 8.30% 8.30%

Peoples Senior Citizen Scheme (PSCS) – Non Callable Deposit

333 days (Prematue closing interest @ SB Account) Discontinued Discontinued
444 days (Prematue closing interest @ SB Account) Discontinued Discontinued

NR (E) FD interest rate with effect from 01-Jul-2024

Period % Int. on maturity
12 Moths to 36 Months 8.25%  
Bulk Deposits above 1 Crore (12 months to 36 months) 8.30%  

HOUSING LOAN DIMINISHING

Housing Loan Interest Rate with effect from 01-Apr-2024
Amount Interest Rate
upto Rs 10 Lakh 9.00%
Above 10 Lakh 11.25%

Housing Loan Floating

upto Rs 10 Lakh 9.00%
Above 10 Lakh 11.50%

Interest rates on Loans with effect from 01-04-2024

Loans Interest Rate Limit
Housing Loan - Diminishing / EMI/ Floating (120 months) 9.00% Upto 10 Lakhs
Housing Loan - Diminishing (120 Months) 11.25% Above 10 Lakhs
Housing Loan Floating (121 to 240 Months) 10.75% Upto 10 Lakhs
Housing Loan Floating (121 to 240 Months) 11.50% Above 10 Lakhs
Mortgage Loan Business - Diminishing 12.50%  
Mortgage Loan Staged business Diminishing 12.50%  
Mortgage Loan (Consumption Loan) Diminishing 13.50%  
Mortgage Loan (Marriage ) Diminishing 13.00%  
Overdraft / Cash Credit 11.90%  
Peoples Vehicle loan Scheme (EMI) 09.20%  
Vehicle loan 09.60%  
Vehicle loan against Fixed Deposit 09.25%  
Solar Power Loan EMI (48 Months) 11.90%  
Solar Power Loan MNRE Scheme ( 48 Months ) 11.90%  
Peoples Overseas Education Up to 20 Lakhs 09.99%  

Gold Loan General Repayment Scheme (from 01-Apr-2024)

Advance Amount
Period
Rate per Gram
Rate
Rs.4,00,001 to Rs.10,00,000
3 Months
4,600
8.50%

Gold Loan Bullet Repayment Scheme

Rs 1 to Rs 4,00,000
3 months to 12 months
4,600
8.90%

Peoples' Special Gold Loan

Up to Rs 10,00,000
02 months
4,700
8.90%

Sthree Rathnam Gold Loan (Women members only)

Up to 10,00,000
03 months
4,600
8.40%

Peoples' Gold Overdraft (Agriculture )

Up to 25,00,000
1 Year
4,500
7.90%

Premium Gold Loan

Up to Rs. 1,50,00,000
06 months
4,600
8.25%