Nomination
Nomination facility available for deposits. There can be only one Nominee for a deposit account whether held singly or jointly. Applicants can make nomination by filling up the prescribed form. The nomination details can be changed during the subsistence of the account relationship by filling up the prescribed form.
Deposit interest rate with effect from 01 April 2018
| Period |
Monthly Interest Scheme- Normal |
Cumulative Scheme- Normal (Annual Yield) |
Monthly Interest Scheme- Senior Citizen |
Cumulative Scheme -Senior Citizen (Annual Yield) |
| 12 Months |
08.00% |
09.00% |
09.00% |
10.25% |
| 24 Months |
08.25% |
09.50% |
09.50% |
10.50% |
| 36 Months |
08.50% |
10.00% |
10.00% |
11.00% |
| 48 Months |
09.00% |
11.00% |
10.50% |
11.50% |
| 60 Months |
10.00% |
12.00% |
11.00% |
12.00% |
Special Deposit Scheme:- Single Deposit of Rs. 35 Lakhs and above for 60 months - 12.50%
( For both Cumulative and Monthly Interest Schemes)
*Interest amount is subject to TDS as per provisions of Sec 194 A of the Income Tax Act 1961