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REVISED INTEREST RATES ON DEPOSITS W.E.F. 20.07.2009
REGULAR INTEREST PAYMENT SCHEME (RIPS)
SENIOR CITIZENS
Rate of Interest per annum
Period
(Months)		Monthly
(%)		Quarterly
(%)		Annually
%		Maximum Deposit WithoutTax
Deduction at source (Rs.)
24 - 8.56 - 58,000/-
36,48 & 60 9.25 9.32 9.65 51,000/-
Minimum Deposits in Rs. Rs.20,000/- Rs.10,000/- Rs.10,000/-
Further deposits in Multiples of Rs.1000


INDIVIDUALS
Period
(Months)		Monthly
(%)		Quarterly
(%)		Annually
%		Maximum Deposit WithoutTax
Deduction at source (Rs.)
24 - 8.31 - 60,000
36,48 & 60 8.75 8.81 9.11 54,000
Minimum Deposits in Rs. Rs.20,000/- Rs.10,000/- Rs.10,000/-
Further deposits in Multiples of Rs.1000

OTHERS
Period
(Months)		Monthly
(%)		Quarterly
(%)		Annually
%		Maximum Deposit WithoutTax
Deduction at source (Rs.)
24 - 7.55 - 66,000/-
36,48& 60 7.75 7.80 8.03 62,000/-
Minimum Deposits in Rs. Rs.20,000/- Rs.10,000/- Rs.10,000/-
Further deposits in Multiples of Rs.1000

CUMULATIVE INTEREST PAYMENT SCHEME (CIPS-1)
SENIOR CITIZENS ( 58 YEARS )
Period MonthsBasic rate
per
annum (%) 		Effective
yield
(%) 		Maturity Value
for Rs. 10000/-
%		Maximum Deposit WithoutTax
Deduction at source (Rs.)
12 8.00 8.30 10830 60,200/-
24 8.50 9.23 11846 51,900/-
36 9.25 10.61 13184 43,000/-
48 9.25 11.14 14457 39,200/-
60 9.25 11.70 15852 35,800/-
MINIMUM DEPOSIT RS. 10,000/- AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-

INDIVIDUAL
Period MonthsBasic rate
per
annum (%) 		Effective
yield
(%) 		Maturity Value
for Rs. 10000/-
%		Maximum Deposit WithoutTax
Deduction at source (Rs.)
12 7.75 8.03 10803 62,200/-
24 8.25 8.94 11787 53,700/-
36 8.75 9.96 12989 46,100/-
48 8.75 10.43 14173 42,200/-
60 8.75 10.93 15464 38,700/-
MINIMUM DEPOSIT RS. 10,000/- AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-

OTHERS
Period MonthsBasic rate
per
annum (%) 		Effective
yield
(%) 		Maturity Value
for Rs. 10000/-
%		Maximum Deposit WithoutTax
Deduction at source (Rs.)
12 7.50 7.76 10776 64,400/-
24 7.50 8.06 11613 59,700/-
36 7.75 8.69 12608 53,300/-
48 7.75 9.05 13621 49,300/-
60 7.75 9.43 14715 45,700/-
MINIMUM DEPOSIT RS. 10,000/- AND FURHTER DEPOSITS IN MULTIPLES OF RE. 1/-

CUMULATIVE INTEREST PAYMENT SCHEME (CIPS-II)
Rs. 647/- Becomes Rs. 1000/- in 60 months
MINIMUM DEPOSIT RS. 647/- AND FURTHER DEPOSITS IN MULTIPLES OF RS. 647/-
 
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