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Saving & Deposits

Intrest Rate

The Revised Rate of Interest on Term Deposits [Fresh Deposits] would be applicable with effect from 14.02.2025

SL NO Maturity Slab Existing Rate of Interest Revised Rate Of Interest
01 7 to 14 days 3.25% 3.50%
02 7 to 14 days 3.25% 3.50%
03 7 to 14 days 3.25% 3.50%
04 7 to 14 days 3.25% 3.50%
05 7 to 14 days 3.25% 3.50%
Special Term Deposit (Not Applicable to PACS/Other Institution)
SL NO Maturity Slab Existing Rate of Interest Revised Rate Of Interest
01 7 to 14 days 3.25% 3.50%
02 7 to 14 days 3.25% 3.50%
03 7 to 14 days 3.25% 3.50%
04 7 to 14 days 3.25% 3.50%
05 7 to 14 days 3.25% 3.50%

  • The rate of interest on Saving Deposit shall be reduced from 3.25% to 3.50% P.A.

  • Additional interest @0.50% P.A. in case of senior Citizen over and above existing rate existing rate (Note applicable to PACS/LAMPCS)

  • 1.00% P.A. shall be allowed in case of staff? Ex-Staff of the Bank over the existing rate subject to obtaining declaration from the concered staff to the effect that the money deposited with bank in his own earnings/Money

  • Additional Interest @0.50% over and above existing rate in case of PACS/LAMPCS having deposit counter and implementing " Business Rules for Deposit counter of PACS (SCS/LAMPCS/FSCS) in odisha " issued by order of registrar, Co-operative Societies, Bhubaneswar vide No. 11099 BR-10/xx-111/96/dated 30.05.2011

  • Additional Interest @0.50% shall be allowed over and above existing rate in case of Bulk Deposits of Rs 1.00 Cr and above from any institution other than PACS/LAMPCS and no premature withdrawal will be allowed on such deposits.

  • PACS may implement above revised rate of interest on deposit on approval of their M.C

  • ln case of premature withdrawal/ closure of deposits interest will be @0.50% below the applicable rate of interest for the period of deposits remained with the Bank

  • The revised rate will be applicable only in case of acceptance of fresh deposits and renewal applicable from Dt 14.02.2025