Effective Date: March 27, 2025
Term Deposit Scheme
| Product Tenure | Applicable Rate for Institutions | Applicable Rate for Individual and Fund | Reference Rate (With Matched Q Series) for Institutions | Reference Rate (With Matched Q Series) for Individual and Fund |
|---|---|---|---|---|
| 3 to 5 Months | 9.50% | 9.50% | 9.50% | 9.50% |
| 6 to 8 Months | 9.75% | 9.75% | 9.75% | 9.75% |
| 9 to 11 Months | 9.75% | 9.75% | 9.75% | 9.75% |
| 12 to 14 Months | 10.00% | 10.00% | 10.00% | 10.00% |
| 15 to 17 Months | 10.50% | 10.50% | 10.50% | 10.50% |
| 18 to 20 Months | 10.50% | 10.50% | 10.50% | 10.50% |
| 21 to 23 Months | 10.50% | 10.50% | 10.50% | 10.50% |
| 24 to 26 Months | 10.50% | 10.50% | 10.50% | 10.50% |
| 27 to 29 Months | 10.50% | 10.50% | 10.50% | 10.50% |
| 30 Months | 10.50% | 10.50% | 10.50% | 10.50% |
Day Wise Deposit Scheme
| Product Tenure | Applicable Rate for Institutions | Applicable Rate for Individual and Fund | Reference Rate (With Matched Q Series) for Institutions | Reference Rate (With Matched Q Series) for Individual and Fund |
|---|---|---|---|---|
| 90 Days | 9.50% | 9.50% | 9.50% | 9.50% |
| 120 Days | 9.75% | 9.75% | 9.75% | 9.75% |
| 180 Days | 9.75% | 9.75% | 9.75% | 9.75% |
| 360 Days | 10.00% | 10.00% | 10.00% | 10.00% |
Earner Deposit Scheme (Monthly/Quarterly)
| Product Tenure | Applicable Rate for Institutions | Applicable Rate for Individual and Fund | Reference Rate for Institutions | Reference Rate for Individual and Fund |
|---|---|---|---|---|
| 1 Year | 10.00% | 10.00% | 10.00% | 10.00% |
| 2 to 5 Years | 10.50% | 10.50% | 10.50% | 10.50% |
Double Money Deposit
| Product Tenure | Applicable Rate for Institutions | Applicable Rate for Individual and Fund |
|---|---|---|
| 7 Year 6 Months | 9.75% | 9.75% |
Special Deposit Products
| Product Name | Applicable Rate for Institutions | Applicable Rate for Individual and Fund | Reference Rate for Institutions | Reference Rate for Individual and Fund |
|---|---|---|---|---|
| Supplementary Loan Deposit (SLD) | 5.75% | 5.75% | 5.75% | 5.75% |
Rate for Legacy Products/Schemes
| Product Name | Applicable Rate for Institutions | Applicable Rate for Individual and Fund |
|---|---|---|
| Q1 | 9.50% | 9.50% |
| Q2 | 9.75% | 9.75% |
| Q3 | 9.75% | 9.75% |
| Q4 | 10.00% | 10.00% |
| Q5 | 10.50% | 10.50% |
| Q6 | 10.50% | 10.50% |
| Q7 | 10.50% | 10.50% |
| Q8 | 10.50% | 10.50% |
| Q9 | 10.50% | 10.50% |
| Q10 | 10.50% | 10.50% |
| Flexi Term Deposit | Calculation shall be based on the Q-Series Base Rate, subject to the applicable tenure. | |
| Supplementary Interest Deposit | 5.75% | 5.75% |
Premium rate (Card Rate+0.25%) applicable (Up to Product Tenure of 18 Months) in case the depositors falls in one of the below categories:
Senior Citizens (Individual aged 57+) Woman Depositors (For Joint Deposit all Applicant must be Woman) Fund (i.e. Recognized Provident Fund, Gratuity Fund, Superannuation Fund, Workers Profit Participation Fund, Welfare Fund and Trust Fund Minimum deposit amount shall be defined as per the approved Scheme Definition under Product Policy of Liability Products. Profit generated from the deposit shall be subject to applicable taxes, duties, and levies as per prevailing laws and regulations. Encashment of any deposit is not permitted before three months, as per the applicable regulations of the Central Bank. Legacy rates shall apply only upon renewal of existing deposits. In the event of premature encashment, the applicable rate shall be as per the prevailing premature encashment rate.
