Term Deposit Interest Rates

Existing Fixed Deposit Interest Rates

Under Corporate Category :  Rates are effective from 21/05/2018

Sl. No.	Maturities	Revised Rate ( % )
1	91 days to less than 6 months	2.00 %
2	6 months to less than 1 year	2.00 %
3	1 year to less than 2 years	3.00 %
4	2 years to less than 3 years	4.00 %
5	3 years to less than 5 years	5.00 %
6	5 years and above	5.00 %

Retail category (10 million or below)  :  Rates are effective from 15/05/2017

Sl. No.	Maturities	Revised Rate ( % )
1	91 days to less than 6 months	3.00 %
2	6 months to less than 1 year	5.00 %
3	1 year to less than 2 years	6.50 %
4	2 years to less than 3 years	6.50 %
5	3 years to less than 5 years	7.25 %
6	i. 5 years to less than 7 years ii. 7 years and above	7.50 % 8.75 %

•  Interest will be calculated on Simple Interest Method.
•  For opening FDR’s of Amount Nu.10 million & above for both Corporate/Retail category please contact corporate office.
• Premature closure for the Corporate Deposits will be charged 1% penalty and premature closure of the Retail Deposit will be charged 2% penalty.