RATE OF INTEREST

The Revised Rate of Interest on Term Deposits [Fresh Deposits] would be applicable with effect from 01.01.2023
Sl No	Maturity Slab	Existing Rate of Interest	Revised Rate Of Interest
1	7 to 14 days	4.00%	3.25%
2	15 to 45 days	4.75%	3.50%
3	46 to 60 days	5.00%	4.50%
4	61 to 90 days	5.25%	4.50%
5	91 to 120 days	5.50%	4.50%
6	121 to 180 days	5.75%	4.75%
7	181 to less than 1 year	6.00%	5.75%
8	1 year to less than 2 years	6.50%	7.00%
9	2 years to less than 3 years	6.40%	6.75%
10	3 years to less than 5 years	6.25%	6.50%
11	5 years to less than 8 years	6.25%	6.50%
12	8 years to less than 10 years	6.25%	6.50%

Office Order Download for ROI

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


• Additional interest @0.50% P.A. in case of senior Citizen over and above existing rate shall be allowed


• 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 @ 0.25% 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.


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


• 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 01.01.2023