QUARTERLY INCOME PLAN
Quarterly Income Plan are excellent investment opportunities for depositors who do not have a fixed income and can earn interest on a quarterly basis, as the case may be. The interest provided is credited directly to the depositor’s savings account with the bank.
TERM DEPOSIT INTEREST RATES (w.e.f. 01.07.2020)
| Term deposits | General Public | Sr. Citizen | Bulk |
| 7 to 29 days | 3.75 | 3.75 | |
| 30 days | 4.75 | 5.00 | 5.00 |
| 31 days to 89 days | 4.75 | 5.00 | |
| 90 days scheme | 5.25 | 5.50 | 5.50 |
| 91 days to 180 days | 5.25 | 5.50 | |
| FDR 181 days to Below 1 year | 5.50 | 5.75 | |
| (QRIP) 12 months | 6.75 | 7.10 | 7.10 |
| MIP 12 months | 6.75 | 7.10 | 7.10 |
| (MIP/QIP/QRIP) 12 months upto 36 months | 6.75 | 7.00 | 7.00 |
| (MIP/QIP/QRIP) above 36 months upto 60 months | 6.85 | 7.10 | 7.10 |
| RD 1 Year to 3 Years | 6.75 | 7.00 | |
| RD above 3 Years to 5 Years | 6.85 | 7.10 | |
| RD above 5 Years to 10 Years | 6.25 | 6.50 | |
| Millennium RD (5 years only) | 7.25 | 7.50 | |
| M1000 days | 6.75 | 7.00 | 7.00 |
| Model 365 days | 6.75 | 7.10 | 7.10 |
| Model 500 days | 6.75 | 7.00 | 7.10 |
| 6 months deposit scheme | 6.00 | 6.25 | 6.25 |
* Conditions Apply
* KYC Documents such as Residence Proof, ID Proof, PAN Card is compulsory as per RBI Guidelines.
Rate of Interest for NRE/NRO Accounts:
| NRE Deposits - 1 year to 3 years - | 6.75 % |
| NRO Deposits - 7 days to 5 years - | Same interest as offered on domestic deposits |