Saving Bank Deposit Rates

Interest :

(a) Interest will be allowed at the rate prescribed by the Bank from time to time. The present rate of interest allowed on Savings Bank Account can be ascertained at the Bank. The Bank reserves the right to vary the rate of interest from time to time and to increase or decrease the rate of interest payable.

(b) Interest will be allowed on the minimum balance at the credit of an account between the close of
the tenth day and the end of a each calendar month (or in any other manner prescribed by the Bank from time to time).

(c) Interest will be calculated up to 31st January and 31 st July each year but will be credited to account half yearly by 10th February & 10th August as of 1st February & 1st August respectively. Interest amounting to less than Re 1/- per half year will not be credited.