0755 – 2674701-02Types of Deposit Accounts and Effective Interest Rates
-
Saving Deposit:
Interest rate on Savings Account is 4.00% with effect from 01.05.2022.
- Term/Fixed Deposit:
W.E.F. 23.02.2024
|
S.No. |
FIXED DEPOSIT DURATION |
For Rs. less than 1.00 Cr. |
For Rs. 1.00 Cr. and above but less than Rs. 10.00 Cr. |
For Rs. 10.00 Cr. and above but less than Rs. 25.00 Cr. |
For Rs. 25.00 Cr. and above |
|
1 |
From 7 to 14 days |
5.00 % |
6.25 % |
6.40 % |
6.50 % |
|
2 |
From 15 to 45 days |
5.50 % |
6.25 % |
6.60 % |
6.60 % |
|
3 |
From 46 to 90 days |
5.75 % |
6.50 % |
6.80 % |
6.80 % |
|
4 |
From 91 to 179 days |
6.75 % |
6.75 % |
7.00 % |
7.10 % |
|
5 |
From 180 days to less than 01 year |
7.00 % |
7.00 % |
7.00 % |
7.10 % |
|
6 |
01 year or above but less than 3 year |
7.00 % |
7.00 % |
7.25 % |
7.50 % |
|
7 |
03 year or above but less than 5 year |
7.00 % |
7.00 % |
7.25 % |
7.50 % |
|
8 |
05 year and above |
7.00 % |
7.00 % |
7.25 % |
7.25 % |
Note:-
i. Senior citizen can avail 1 % additional interest on a single deposit of Rs. 10,000/- or above for a period of one year & above, on submission of his/her age proof.
ii. With effect from 15.07.2019, Bank’s “Retired Senior Citizen” staff will get the benefit of 1% additional interest rate. Under this scheme, Senior Citizen Staff working in Bank, will not be entitled for 01% extra interest benefit.
• Recurring Deposit:
Recurring deposit rates applicable as per term deposit rates.
• Apex Bank flexi Deposit Scheme:
i. Saving MOD Account can be opened with minimum amt of Rs. 15000/-.
ii. Minimum Balance to be maintained Rs. 5000/- .
iii. Penalty for non maintaining minimum balance of Rs 5000/- will be Rs. 50/- per financial year.
iv. All amount above Rs 5000/- will be transferred to FD in multiples of Rs. 1000/- , in every fifteen days.
v. Interest rates as applicable for Term/fixed Deposit.
vi. Normal Interest rate for minimum balance will be paid.@5%.
vii. For more details, please contact our nearest branch.
• Current Deposit:
No interest will be paid on current account. (Minimum Balance required is Rs. 1000/- )