Interest Rates

Interest Rate of Deposits

updated on Jan 06, 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 06-Jan-2024
Period General Senior Citizens
30 days 5.00% 5.50%
31 days to 46 days 5.25% 5.75%
47 days to 90 days 6.00% 6.50%
91 days to below 180 days 7.00% 7.50%
181 days to 364 days 7.50% 8.00%
12 months 9.00% 9.50%
Above 1 year and 120 months (10 years) 8.50% 9.00%
Bulk Deposits above 1 Crore and above (12 months) - 9.10%

Peoples Senior Citizen Scheme (PSCS) – Non Callable Deposit

333 days (Prematue closing interest @ SB Account) 9.00% 9.00%
444 days (Prematue closing interest @ SB Account) 9.60% 9.60%

NR (E) FD interest rate with effect from 15-Jan-2024

Period % Int. on maturity
12 months 9.00%  
13 Moths to 36 Months 8.50%  
Bulk Deposits above 1 Crore (12 months) 9.10%  

HOUSING LOAN EMI SCHEME

Housing Loan Interest Rate with effect from 15-May-2023
Amount Interest Rate
upto Rs 10 Lakh 8.75%
Above 10 Lakh 10.90%

Housing Loan Floating

upto Rs 10 Lakh 8.75%
Above 10 Lakh 11.00%

Housing Loan EMI Diminishing

Housing Loan Diminishing 10.90%

Revised rate of Interest rates on Term Loans with effect from 15-Feb-2024

Loans Interest Rate Limit
Housing Loan - Diminishing / EMI/ Floating 8.75% Upto 10 Lakhs
Housing Loan - Diminishing (120 Months) 10.90% Above 10 Lakhs
Housing Loan Floating (121 to 240 Months) 11.00% 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%  
Peoples Overseas Education Above 20 Lakhs 10.90%  
 

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

Advance Amount
Period
Rate per Gram
Rate
Rs.4,00,001 to Rs.10,00,000
3 Months
4,200
8.00%

Gold Loan Bullet Repayment Scheme

Rs 1 to Rs 4,00,000
3 months to 12 months
4,400
8.50%

People's 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
4,400
8.25%

People's Gold Overdraft (Agriculture )

Up to 25,00,000
1 Year
4,200
8.90%

Premium Gold Loan

Up to Rs. 1,50,00,000
06 months
4,300
8.25%