Interest Rates on Saving Bank Deposits with effect from 12th November 2020.
| Particular | Rate of Interest |
| Saving Deposits | 3.10% p.a. |
Rate of interest on domestic term deposits, NRO accounts, capital gain accounts scheme 1988, recurring deposit scheme and psb fixed deposit tax-saver scheme
| Revised w.e.f. 16/05/2021 (% p.a.) | |
|---|---|
| Maturity | Fixed Deposit Less than Rs.2 Cr |
| 7 - 14 Days | 3.00(#) |
| 15 - 30 Days | 3.00 |
| 31 - 45 Days | 3.00 |
| 46 - 90 Days | 3.70 |
| 91 - 120 Days | 4.05 |
| 121-150 Days | 4.05 |
| 151 - 179 Days | 4.05 |
| 180 – 269 Days | 4.45 |
| 270 – 364 Days | 4.50 |
| 1 Year - 2 Years | 5.15 |
| Above 2 Year < 3 Years | 5.15 |
| 3 Years – 5 Years | 5.30 |
| > 5 Year – 10 Years | 5.30 |
(#) Minimum amount of term deposit shall be Rs. 1.00 lac
Senior Citizens shall be given benefit of additional interest of 0.50% on term deposits of less than Rs. 2 crore, over and above the mentioned rates for the maturity of 180 days & above for fresh as well as on renewal of term deposits, same shall not be available to NRE and NRO Deposits.
Interest Rates on "PSB FIXED DEPOSIT TAX SAVER SCHEME" will be as under:
| Maturity | Public | Sr. Citizen | Staff Members | Ex-Staff Members / Ex-Staff Members (Sr. Citizen) |
|---|---|---|---|---|
| 5 Years | 5.30% p.a. | 5.80% p.a | 6.30% p.a. | 6.30% p.a. |
