PERIOD |
INTEREST RATES ON DOMESTIC DEPOSITS(%)
|
Types of Deposit |
Time / Term |
Interest Rates For Senior Citizen
|
MIS |
> = 1 year & above |
6.5 % (Senior Citizen) |
RD |
> = 1 year & above |
6 % (Compound quarterly) |
TD |
|
> = 1 year & above |
6 % (Compound quarterly) |
SBD |
|
3.5% (Simple Monthly) |
N.B.: For Senior Citizen 1% more interest shall be paid on TD / RD Scheme for 1 year. |
Types of Loans (Max. Limit in Rupees) |
No. of Installments |
Revised Rate of Interest w.e.f. 01.04.2021 |
ML - Rs. 15,000 |
10 |
8.5 % |
Short Term Loan(ST) Rs. 45,000 |
15 |
8.5 % |
Middle Term Loan(MT) Rs. 1,50,000 |
72 |
8.5 % |
Long Term Loan(LT) Rs.20,00,000 |
180 |
8.5 % |
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