--- Deposit Scheme - II ---
MONEY MULTIPLIER SCHEME (MMS)
(w.e.f 15-Apr-2025)
(Under this scheme, the interest is compounded quarterly at the appropriate rate of interest and paid on maturity together with the principal)
| Public (Normal) | ||
|---|---|---|
| Period (Months) | Basic Rate p.a (%) | Effective Yield p.a (%) |
| 12 | 8.10 | 8.35 |
| 24 | 8.25 | 8.87 |
| 36 | 8.30 | 9.32 |
| 48 | 8.40 | 9.86 |
| 60 | 8.50 | 10.46 |
| Public (Sr.Citizen Age 60 Years and above) | ||
|---|---|---|
| Period (Months) | Basic Rate p.a (%) | Effective Yield p.a (%) |
| 12 | 8.25 | 8.51 |
| 24 | 8.40 | 9.04 |
| 36 | 8.50 | 9.57 |
| 48 | 8.75 | 10.34 |
| 60 | 9.00 | 11.21 |
| Others (Non-Individual / Institutions) | ||
|---|---|---|
| Period (Months) | Basic Rate p.a (%) | Effective Yield p.a (%) |
| 12 | 6.80 | 6.98 |
| 24 | 6.90 | 7.33 |
| 36 | 6.70 | 7.35 |
| 48 | 6.70 | 7.61 |
| 60 | 6.70 | 7.88 |