--- Deposit Scheme - I ---
PERIODIC INTEREST PAYMENT SCHEME (PIPS)
(w.e.f 01-Jan-2024)
[Under this scheme, Interest will be paid either (a) Monthly or (b) Quarterly or (c) Annually]
Interest Rate for Minimum Deposit Rs. 50,000/- to Rs. 5,00,00,000/-
| Public (Normal) (Rate of Interest per annum) |
|||
|---|---|---|---|
| Period (Months) | Monthly (%) | Quarterly (%) | Annually (%) |
| 24 | -- | 8.00 | -- |
| 36 | 8.10 | 8.10 | 8.35 |
| 48 | 8.00 | 8.00 | 8.24 |
| 60 | 8.00 | 8.00 | 8.24 |
| Public (Sr.Citizen - Age 60 Years & above) (Rate of Interest per annum) |
|||
|---|---|---|---|
| Period (Months) | Monthly (%) | Quarterly (%) | Annually (%) |
| 24 | -- | 8.25 | -- |
| 36 | 8.35 | 8.35 | 8.62 |
| 48 | 8.25 | 8.25 | 8.51 |
| 60 | 8.25 | 8.25 | 8.51 |
| Others (Non-Public / Institutions) (Rate of Interest per annum) |
|||
|---|---|---|---|
| Period (Months) | Monthly (%) | Quarterly (%) | Annually (%) |
| 24 | -- | 7.60 | -- |
| 36 | 7.75 | 7.75 | 7.98 |
| 48 | 8.00 | 8.00 | 8.24 |
| 60 | 8.00 | 8.00 | 8.24 |