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REVISED INTEREST RATES ON DEPOSITS W.E.F. 22.09.2008 |
REGULAR INTEREST PAYMENT SCHEME (RIPS) |
SENIOR CITIZENS ( 58 YEARS ) |
Period
(Months)
|
Rate
of Interest per annum |
Maximum
Deposit
Without Tax
Deduction at source
(Rs.) |
Monthly
(%) |
Quarterly
(%) |
Annually
(%) |
24 |
- |
11.10 |
- |
45,000/- |
36,48&60 |
11.50 |
11.61 |
12.13 |
41,000/- |
Minimum Deposits |
Rs.20, 000/- |
Rs.10, 000/- |
Rs.10,000/- |
- |
Further
deposits in Multiples of Rs.1, 000/- |
|
OTHERS |
Period
(Months)
|
Rate
of Interest per annum |
Maximum
Deposit
Without Tax
Deduction at source
(Rs.) |
Monthly
(%) |
Quarterly
(%) |
Annually
(%) |
24 |
- |
10.85 |
- |
46,000/- |
36,48&60 |
11.00 |
11.10 |
11.57 |
43,000/- |
Minimum Deposits |
Rs.20, 000/- |
Rs.10, 000/- |
Rs.10,000/- |
- |
Further
deposits in Multiples of Rs.1, 000/- |
|
CUMULATIVE INTEREST PAYMENT SCHEME
(CIPS-1) |
SENIOR CITIZENS ( 58 YEARS ) |
Period
Months |
Basic rate
per
annum (%) |
Effective
yield
(%) |
Maturity Value for Rs. 10000/- |
Maximum
Deposit
Without Tax
Deduction at source
(Rs.) |
12 |
10.75 |
11.30 |
11130 |
44,200/- |
24 |
11.00 |
12.24 |
12448 |
38,700/- |
36 |
11.50 |
13.66 |
14097 |
32,800/- |
48 |
11.50 |
14.52 |
15806 |
29,200/- |
60 |
11.50 |
15.45 |
17723 |
26,000/- |
MINIMUM
DEPOSIT RS. 10,000/- AND FURHTER DEPOSITS IN MULTIPLES OF
RS. 1/-
|
|
OTHERS |
Period
Months |
Basic rate
per
annum (%) |
Effective
yield
(%) |
Maturity Value for Rs. 10000/- |
Maximum
Deposit
Without Tax
Deduction at source
(Rs.) |
12 |
10.50 |
11.02 |
11102 |
45,300/- |
24 |
10.75 |
11.93 |
12387 |
39,700/- |
36 |
11.00 |
12.96 |
13889 |
34,700/- |
48 |
11.00 |
13.74 |
15496 |
31,100/- |
60 |
11.00 |
14.58 |
17289 |
27,800/- |
MINIMUM
DEPOSIT RS. 10,000/- AND FURHTER DEPOSITS IN MULTIPLES OF
RS. 1/-
|
|
CUMULATIVE INTEREST PAYMENT SCHEME (CIPS-II) |
| Rs. 578/- Becomes Rs. 1000/- in 60 months |
MINIMUM
DEPOSIT RS. 578/- AND FURTHER DEPOSITS IN MULTIPLES OF RS. 578/- |
|
|
|
