--- Deposit Scheme - II ---
MONEY MULTIPLIER SCHEME (MMS)
(w.e.f 01-Jan-2024)
(Under this scheme, the interest is compounded quarterly at the appropriate rate of interest and paid on maturity together with the principal)
Interet Rate for minimum Deposit Rs. 50,000/- to Rs. 5,00,00,000/-
| Public (Normal) | ||
|---|---|---|
| Period (Months) | Basic Rate p.a (%) | Effective Yield p.a (%) |
| 12 | 7.75 | 7.98 |
| 24 | 8.00 | 8.58 |
| 36 | 8.10 | 9.07 |
| 48 | 8.00 | 9.32 |
| 60 | 8.00 | 9.72 |
| Public (Sr.Citizen Age 60 Years and above) | ||
|---|---|---|
| Period (Months) | Basic Rate p.a (%) | Effective Yield p.a (%) |
| 12 | 8.00 | 8.24 |
| 24 | 8.25 | 8.87 |
| 36 | 8.35 | 9.38 |
| 48 | 8.25 | 9.66 |
| 60 | 8.25 | 10.09 |
| Others (Non-Individual / Institutions) | ||
|---|---|---|
| Period (Months) | Basic Rate p.a (%) | Effective Yield p.a (%) |
| 12 | 7.50 | 7.71 |
| 24 | 7.60 | 8.13 |
| 36 | 7.75 | 8.63 |
| 48 | 8.00 | 9.32 |
| 60 | 8.00 | 9.72 |