Accordingly , from 3rd April 2024, the Tenure & Rate of Interest on Term Deposits (including Recurring Deposit) will be as under :
| Sr. No | Tenure (Bucket) (To be calculated by simple interest method across all buckets) | Revision in Rate of Interest On Term Deposit with Effect from 03/04/2024 | |
| Individuals, HUF, Firms, Companies. | Senior Citizens & Co-op. and housing Societies, Institutions, Registered Trusts,AOP | ||
| 1 | 07 Days to 90 Days | 3.00% | 3.50% |
| 2 | 91 Days to 120 Days | 5.50% | 6.00% |
| 3 | 121 Days to 150 Days | 6.00% | 6.50% |
| 4 | 151 Days to 180 Days | 7.00% | 7.50% |
| 5 | 181 Days to 1 Year | 6.50% | 7.00% |
| 6 | Above 1 Year to 2 Years | 6.50% | 7.00% |
| 7 | Above 2 Year to 3 Years | 6.00% | 6.50% |
| 8 | Above 3 Year to 10 Years | 6.00% | 6.50% |