CBI Revises Upwards Interest Rates on Domestic Term Deposits from 12th
OREANDA-NEWS. March 12, 2012. Central Bank of
|
Maturity Period |
Rates for Deposits up to less than Rs. 1 Crore |
Rates For Deposits 1 Crore to Rs.10 Crore | ||
|
Single Deposit | ||||
|
Existing Rates |
Revised Rates w.e.f 12.03.12 |
Existing Rates |
Revised Rates w.e.f 12.03.12 | |
|
7 -14 days |
2.50 |
9.00 |
4.00 |
9.00 |
|
15 - 45 days |
5.00 |
9.00 |
5.00 |
9.00 |
|
46 - 90 days |
5.75 |
9.00 |
4.50 |
9.00 |
|
91 - 179 days |
7.40 |
7.40 |
8.60 |
9.00 |
|
180 - 364 days |
8.50 |
9.10 |
8.50 |
9.10 |
|
1 yr to less than 2 years |
9.25 |
9.25 |
9.00 |
9.00 |
|
2 yr to less than 3 years |
9.30 |
9.30 |
9.30 |
9.30 |
|
3 yr to less than 5 years |
9.25 |
9.25 |
9.25 |
9.25 |
|
5 years & above |
9.09 |
9.09 |
9.00 |
9.00 |
|
555 days (Cent Super plus) (upto 31.03.2012) |
9.55 |
9.55 |
NA |
NA |
|
Cent Double (upto 31.03.2012) |
9.15 |
9.15 |
NA |
NA |
Note -_
An additional interest rate of 0.50% p.a. over and above the normal rate of interest for any of the Time Deposit Schemes & also for Tax Saver Depositors Scheme will be given as incentive for deposits of Senior Citizens who are above 60 years of age.
The above rates shall also be applicable to Capital Gains Accounts Scheme, 1988.
The revised interest rates shall be applicable to fresh deposits as well as renewal of maturing deposits.
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