Rate Of Int. On Term Deposit With Effect From
01.08.20 |
Sl.No |
Period |
Deposit below Rs. 2 Crore |
Deposite Of Rs.
2 crore to less than 5 crore |
Deposite Of Rs.
5 crore and above |
| 1. |
7 days to 14 days (Only for deposit of Rs. 15.00 lacs and above) |
3.25 |
3.25 |
3.25 |
| 2. |
15 days to 45 days |
3.25 |
3.25 |
3.25 |
| 4. |
46 days to 90 days |
3.50 |
3.25 |
3.25 |
| 5. |
91 days to 180 days |
4.25 |
3.50 |
3.50 |
| 6. |
181 days to less than 1 years |
5.00 |
4.25 |
4.25 |
| 7. |
1 Year to less than 2 years |
5.50 |
4.50 |
4.50 |
| 8. |
2 Year to less than 3 years |
5.50 |
4.75 |
4.75 |
| 9. |
3 Year to less than 10 years |
5.75 |
4.75 |
4.75 |
| 1. The above rate of interest will
be applicable to all fresh term deposits as well as renewal
of all existing term deposits w.e.f 01.08.2020. |
| 2. The above rate will be
applicable for all categories of depositors including
Co-operative Institutions. |
| 3. As Per existing provision, Senior Citizens having age of 60 years and above will get additional interest at the rate of 0.5% on all the above categories of Term Deposits |
| 4. The interest rate payable to
BSCB staff will be 1.00% above the applicable rate |
| 5. In case of premature
withdrawal, the existing rule of the Bank will be applicable |
