Fixed deposit provides customers with a higher rate of interest than a regular savings account, until the given maturity date.
Interest rates on Fixed Deposits with effect from 23/07/2024.
| Slab | Period | ROI |
|---|---|---|
| 1 | 15 days to 45 days | 3% |
| 2 | 46 days to 179 days | 6% |
| 3 | 180 days upto 1 Year | 7% |
| 4 | Above 1 to 2 Years | 7.25% |
| 5 | Above 2 Years | 6.80% |
Sr. Citizens are entitled to get an additional of 0.5% on Fixed Deposit on all Slab.