Interest Rates

Interest Rate of Deposits

updated on Apr 01, 2020
  • 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-April-2020
Period General Senior Citizens
30 days to 45 days 6.00% 6.50%
46 days to 90 days 6.50% 7.00%
91 days to below 1 year 6.75% 7.25%
1 Year and upto 3 Years 7.00% 7.50%
Above 3 Years 7.10% 7.60%
Deposits above 1 Crore - 1 year 7.25% 7.50%

NR (E) FD interest rate with effect from 01-April-2020

1 year upto 3 years 7.00%
Deposits above 1 Crore 1 to 3 Years 7.25%

HOUSING LOAN EMI SCHEME

Housing Loan Interest Rate with effect from 01-Apr-2020
Amount Interest Rate
upto Rs 10 Lakh 10.90%
Above 10 Lakh 11.50%

Housing Loan Floating

upto Rs 10 Lakh 10.50%
Above 10 Lakh 10.90%

Housing Loan EMI

Housing Loan EMI 11.50%

Revised rate of Interest rates on Term Loans with effect from 01-Apr-2020

Loan Interest Rate
Mortgage Loan (Business) 12.50%
General Loans 13.50%
Over Draft 10.90%
People's Gold Overdraft 9.50%
People's Festival Overdraft 13.50%
Pensioner's Loan Scheme 12.90%
Mortgage Loan 13.50%
People's Vehicle Loan EMI 09.60%
Vehicle Loan 09.60%
Vehicle Loan against FD 08.90%

Gold Loan General Repayment Scheme (from 18/06/2020)

Advance Amount
Period
Rate per Gram
Rate
Rs 2,00,001 to Rs 10,00,000
6 Months
3,400
9.99%
Rs 2,00,001 to Rs 10,00,000
3 Months
3,500
8.99%
Rs 2,00,001 to Rs 10,00,000
1 Month
3,550
7.99%

Gold Loan Bullet Repayment Scheme (from 18-Jun-2020)

Rs 1 to Rs 2,00,000
6 Months
3,400
9.99%
Rs 1 to Rs 2,00,000
3 Months
3,500
8.99%
Rs 1 to Rs 2,00,000
1 Month
3,550
7.99%
Rs 1 to Rs 2,00,000
15 Days
3,500
6.99%

People's Special Gold Loan (from 10/03/2020)

Rs 2,00,001 to Rs 10,00,000
15 days
3600/-
6.99%

People's Gold Overdraft

Up to 25,00,000
1 Year
3200/-
9.50%

People's Gold Overdraft (Agriculture )

Up to 25,00,000
1 Year
3,200
8.50%