Saving Bank
Current Account
Fixed Deposit
Purnendu / Re Investment Deposit
Recurring Deposit
Daily Deposit
Ref. No.BBCCB PPR & BDD/ 1565/2023-24
OFFICE ORDER
The revised rate of interest on Term Deposits (Fresh Deposits) would be applicable with effect from 01.06.2023
| Sl. No | Deposit Slabs | Existing rate of interest | Revised rate of interest |
|---|---|---|---|
| 1 | Up to 3 lakh. | 3.50% | 3.50% |
| 2 | Above 3 lakhs and below 5 lakhs | 3.50% | 4.00% |
| 3 | Above 5 lakhs | 3.50% | 4.50% |
| Sl. No | Maturity Slabs | Existing Rate of Interest |
Revised Indicative Rate of Interest |
||
|---|---|---|---|---|---|
| At CCB level | At PCS level | At CCB level | At PCS level | ||
| 1 | 7 to 14 days | 4.00 | 4.00 | 4.00 | 4.00 |
| 2 | 15 to 45 days | 4.00 | 4.00 | 4.00 | 4.00 |
| 3 | 46 to 60 days | 4.50 | 4.50 | 4.50 | 4.50 |
| 4 | 61 to 90 days | 4.50 | 4.50 | 4.50 | 4.50 |
| 5 | 91 to 120 days | 4.75 | 4.75 | 4.75 | 4.75 |
| 6 | 121 to 180 days | 5.00 | 5.00 | 5.00 | 5.00 |
| 7 | 181 to less then 1 year | 5.75 | 5.75 | 6.00 | 6.00 |
| 8 | 1 Yr to less then 2 yrs | 7.00 | 7.00 | 7.25 | 7.25 |
| 9 | 2 Yrs to less then 3 yrs | 7.00 | 7.00 | 7.00 | 7.00 |
| 10 | 3 to 5 yrs | 6.75 | 6.75 | 7.00 | 7.00 |
| 11 | 5 to less then 8 Yrs. | 6.50 | 0.00 | 6.50 | 0.00 |
| 12 | 8.yrs to less then 10 yrs | 6.50 | 0.00 | 6.50 | 0.00 |
| 13 |
i.The rate of interest on Saving Deposit shall be remain same. ii.Additional interest @0.50%. P.A. in case of senior citizen over and above existing rate (Not Applicable to PACS/LAMPCS ) iii. 1.00% p.a. case of staff Ex-staff of the bank over and above the existing rate subject to obtaining declaration from the concerned staff to the effect that money deposited with the bank in his own earing / money. iv. .The Chief Executive Officer is authorized to negotiate the rate of interest in case of bulk deposits mobilized from the Coporate House and others and no premature withdrawal will be allowed on such deposits. v. Prior approval of the Chief Executive Officer shall be obtained before quoting the negotiable rate of interest beyond Rs.1.00 cr. vi.Additional interest @0.35%.over and above existing rate in case of PACS/LAMPCS having Deposit Counter subject to 92.5% of the total deposit invested in Term Deposit with concerned Branches as mentioned in the "Busines Rule for Deposit Counter of PACS(SCS / LAMPCS/ FSCS) in odisha"issue by order of Register ,Co-opertative Societies ,Bhubaneswar vide No. 11099/BK-10/ xx-111/96/ dated 30.05.2011 vii.In case of Premature withdrawal/closure of deposit intrest will be @0.50% below the application rate of intrest for the period of deposits remained with Bank. viii. This revised rate will be applicable only in case of acceptance of fresh deposits and renewal applicable from Dt..01.06.2023. |
||||
Don’t be afraid of the space between your dreams and reality. We can make it so.
Some men take good care of a car; others treat it like one of the family.
A good home must be made, not bought.
Cottage & village industry
Deposit Scheme
Aagriculture loan
