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. 01.08.2019)
| Term deposits | General Public | Sr. Citizen | Bulk |
| 7 to 29 days | 4.00 | 4.00 | 4.00 |
| 30 days | 5.25 | 5.50 | 5.50/(5.75 for 1 crore and above) |
| 31 days to 89 days | 5.25 | 5.50 | 5.25 |
| 90 days scheme | 5.75 | 6.00 | 6.00 |
| 91 days to 180 days | 5.75 | 6.00 | 5.75 |
| FDR 181 days to Below 1 year | 6.25 | 6.50 | 6.25 |
| (QRIP) 12 months | 7.50 | 7.75 | 7.75 |
| (QRIP) above 12 upto 36 months | 7.00 | 7.25 | 7.50 |
| MIP 12 months | 8.00 | 8.50 | 8.50 |
| (MIP/QIP) 12 months upto 36 months | 7.00 | 7.25 | 7.25 |
| (MIP/QIP/QRIP) above 36 months upto 60 months | 7.25 | 7.50 | 7.50 |
| (RD/MRD) 1 Year to 3 Years | 7.00 | 7.25 | 7.00 |
| (RD/MRD) above 3 Years to 5 Years | 7.25 | 7.50 | 7.25 |
| M1000 days | 7.25 | 7.50 | 7.50 |
| Model 365 days | 8.00 | 8.50 | 8.50 |
| Model 500 days | 8.00 | 8.50 | 8.50 |
| 6 months deposit scheme | 6.50 | 7.00 | 7.00 |
* Conditions Apply
* KYC Documents such as Residence Proof, ID Proof, PAN Card is compulsory as per RBI Guidelines.