In this scheme the money can be deposited for a fixed time period of 30 days or more. It can be withdrawn before maturity date if required. The interest on deposited money is payable either monthly/quarterly/half yearly/yearly. The Interest Rate is as follows
Duration | Interest Rates | Senior Citizen Rates |
---|---|---|
15 TO 45 DAYS | 3.50% | 4.00% |
46 TO 179 DAYS | 4.75% | 5.25% |
180 TO 210 DAYS | 5.75% | 6.25% |
211 to less than one year | 6.00% | 6.50% |
One year and less than two year | 7.30% | 7.80% |
Two year and less than three year | 7.50% | 8.00% |
Three year and less than five year | 6.75% | 7.25% |
Five year and above | 6.50% | 7.00% |