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* 24x7 NEFT Service available. ** Highest interest rate available for senior citizen. *** Interest rate on savings account is 5%. **** Locker Services are available on lowest rates. ***** Facility for PMSBY, PMJJBY & Atal Pension Yojna is available. ****** Apex Bank's branches are CBS enabled.

Types of Deposit Accounts and Effective Interest Rates

  • Saving Deposit: 

     

 

            Interest rate on Savings Account is 4.25% with effect from 01.07.2020.

   

  • Term/Fixed Deposit:  

          W.E.F.  01.07.2020

S.No.

FIXED DEPOSIT DURATION

For Rs. Less than 1.00 Cr.

For Rs. 1.00 Cr. and Above 

1

From 7 to 14 days

4.00 %

3.50 %

2

From 15 to 45 days

4.25 %

4.25 %

3

From 46 to 90 days

4.75 %

4.50 %

4

From 91 to 179 days

5.00 %

4.75 %

5

From 180 days to less than 01 year

5.50 %

5.25 %

6

01 year or above but less than 3 year

6.00 %

5.75 %

7

03 year or above but less than 5 year

6.00 %

5.75 %

8

05 year and above

6.00 %

5.75 %

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/- )