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| Savings Bank A/c |
|---|
| Interest | M.A.B. (Monthly Average Balance) |
|---|---|
| Mudra Select Savings Account | |
| 6.5%* p.a. above Rs. 25,000/- | 25,000/- |
| 3.5%* p.a. below Rs. 25,000/- | 500/- |
| Care Savings Account | |
| 7%* p.a. above Rs. 25,000/- | 25,000/- |
| 4%* p.a. below Rs. 25,000/- | 500/- |
| Junior Savings Account | |
| 6.5%* p.a. above Rs. 25,000/- | 25,000/- |
| 3.5%* p.a. below Rs. 25,000/- | 500/- |
| Her Savings Account | |
| 7%* p.a. above Rs. 25,000/- | 25,000/- |
| 4%* p.a. below Rs. 25,000/- | 500/- |
| Equal Savings Account | |
| 6.5%* p.a. above Rs. 25,000/- | 25,000/- |
| 3.5%* p.a. below Rs. 25,000/- | 500/- |
The periodicity of payment of interest on Savings Bank Account will be quarterly. Thus, the Savings Bank interest calculated on daily basis will be paid at quarterly intervals on 30th June, 30th September, 31st December & 31st March of each year.
*p.a. is "per annum"
*M.A.B. is “Monthly average balance”
| Fixed Deposits | ||
|---|---|---|
| Period | Interest Rate | |
| Regular | Sr. Citizen | |
| 31 Days - 45 Days | 5% | 5% |
| 46 Days - 60 Days | 5.25% | 5.25% |
| 61 Days - 90 Days | 5.5% | 5.5% |
| 91 Days - 180 Days | 6% | 6% |
| 181 Days - 270 Days | 7% | 7% |
| 271 Days - 364 Days | 8% | 8% |
| 12 Months Onwards | 9% | 9.5% |
Simple interest rate applicable
Auto Renew option is available.
Monthly Interest / Quarterly Interest / Half yearly Payout option is available.
The calculation of interest is basis 365 days in a non-leap year and 366 days in a leap (calendar) year.
Above rates are applicable for mentioned dates only and are subject to change without prior notice
Penal Charge on Pre-mature withdrawal of Fixed Deposits / Term Deposits: Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount stayed with us or at the contracted rate, whichever is lower after subtracting 1% penal charges for premature withdrawal as per Terms & Conditions of Mudra.
| Rate of Interest Chart | ||
|---|---|---|
| Years | Rates | |
| 1 years | 9.5% | |
| 2 years | 9.5% | |
| 3 years | 9.5% | |
| 4 years | 10.00% | |
| 5 years | 10.00% | |
| Fee Based Services | |
|---|---|
| Demand Draft: For Savings & Current Accounts | |
| Issue (INR) | Rs. 5.50 per 1000 Min Rs. 75 Max Rs. 10, 000 |
| Cancellation (INR) | Rs. 100 |
| Fee Based Services | |
|---|---|
| NEFT Money Transfer: Savings Account | |
| Inward | Free |
| Outward | Free- If done through Net banking; If done through branch Up to 10000: 5.00/-, 10001 to 100000:10.00/-; 100001 to 200000:15.00/-; > 200000 : 25.00/- |
| NEFT Money Transfer: Current Account | |
| Inward | Free |
| Outward | Upto Rs. 1 Lakh: Rs. 5 per Txn; Rs. 1 Lakh & above: Rs. 25 per Txn |
| Fee Based Services | |
|---|---|
| RTGS Money Transfer: Savings Account | |
| Inward | Free |
| Outward | Free- If done through Net banking; If done through branch for Rs. 200001- 500000: Rs 25 per Txn; > 500000: Rs 50 per Txn |
| RTGS Money Transfer: Current Account | |
| Inward | Free |
| Outward | Free- If done through Net banking; If done through branch upto Rs. 1- 5 Lakhs-Rs 25 per Txn; Rs. 5 Lakhs & above- Rs 50 per Txn |
| Fee Based Services: Cheque | |
|---|---|
| Cheque Return Charges | Inward Returns |
| For Savings Account (INR) | Rs. 500/- per instance |
| For Current Accounts | Financial Reason: upto 3 returns - 350 /instance; 4th return onward 750/instance |
