RATE OF INTEREST

The Revised Rate of Interest on Term Deposits [Fresh Deposits] would be applicable with effect from 14.02.2025
Sl No	Maturity Slab	Existing Rate of Interest	Revised Rate Of Interest
1	7 to 14 days	3.25%	3.50%
2	15 to 45 days	3.50%	3.75%
3	46 to 60 days	4.50%	4.50%
4	61 to 90 days	4.50%	4.50%
5	91 to 120 days	4.50%	5.25%
6	121 to 180 days	4.75%	6.25%
7	181 to less than 1 year	5.75%	6.25%
8	1 year to less than 2 years	7.00%	7.25%
9	2 years to less than 3 years	6.75%	7.25%
10	3 years to less than 5 years	6.50%	7.00%
11	5 years to less than 8 years	6.50%	6.50%
12	8 years to less than 10 years	6.50%	6.75%

Special Term Deposit (Not Applicable to PACS/Other Institution)

Sl No	Maturity Slab	Existing Rate of Interest	Revised Rate Of Interest
1	400 days	7.25%	7.60%
2	777 days	7.00%	7.30%

• The rate of interest on Saving Deposit shall be reduced from 3.25% to 3.50% P.A.


• Additional interest @0.50% P.A. in case of senior Citizen over and above existing rate existing rate (Note applicable to PACS/LAMPCS)


• 1.00% P.A. shall be allowed in case of staff? Ex-Staff of the Bank over the existing rate subject to obtaining declaration from the concered staff to the effect that the money deposited with bank in his own earnings/Money


• Additional Interest @0.50% over and above existing rate in case of PACS/LAMPCS having deposit counter and implementing " Business Rules for Deposit counter of PACS (SCS/LAMPCS/FSCS) in odisha " issued by order of registrar, Co-operative Societies, Bhubaneswar vide No. 11099 BR-10/xx-111/96/dated 30.05.2011


• Additional Interest @0.50% shall be allowed over and above existing rate in case of Bulk Deposits of Rs 1.00 Cr and above from any institution other than PACS/LAMPCS and no premature withdrawal will be allowed on such deposits.


• PACS may implement above revised rate of interest on deposit on approval of their M.C


• ln case of premature withdrawal/ closure of deposits interest will be @0.50% below the applicable rate of interest for the period of deposits remained with the Bank


• The revised rate will be applicable only in case of acceptance of fresh deposits and renewal applicable from Dt 14.02.2025