Interest will be allowed at the rate prescribed by Reserve Bank of India from time to time.
Present rate of interest on saving bank deposits @ 2.75 % p.a for Rs. 1,00,000 and below and @ 2.75% for Rs. 1,00,000/- above, and will be calculated on daily product basis and will be credited quaterly in a year in March,June,September and December or at the time of closing A/c. Interest amounting to less than Re 1/- per quater will not be credited.
Present Bank Prime Lending Rate (BPLR) - 12.50% p.a.