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home > Products Savings Bank Fixed Deposits Reinvestment Plan Cash Certificates Recurring Deposits Pallavan Tax Saver Savings Bank  3.50 % including NRE Deposits Rate of Interest on Term Deposits wef 01.11.2009. Period of Deposit Interest rate % per annum 15 days to 45 days 4.00% 46 days to 90 days 4.50% 91 days to 180 days 5.50% 181 days to less than 1 year 7.00% 1 year to less than 2 years 7.25% 2 years to less than 3 years 7.50% 3 years to less than 5 years 7.75% 5 years and above 7.75% Note : Please note that additional interest for Senior Citizens is 0.50% with effect from 05.02.2007               * Depositors are having the facility of availing 85 % of the outstanding amount as loan to meet their unforeseen needs by paying 2 % over the Deposit rate. Pallavan Tax Saver        • Meant for Individuals and HUF upto a maximum of Rs.1.00 lakh (The deduction is subject to overall ceiling of Rs.1.00 lakh alongwith other deductions under Section 80 C        • Lock-in Period – 5 Years        • Rate of Interest is 8.50 %        • Deposit is accepted in Joint Names, however the eligibility for deduction under Sec.80C will be applicable for the first holder only Note : The interest rates mentioned in the page is subject to change. Although steps are taken to update the interest rates periodically, viewers are advised confirm the current rates of interest at the nearby branch.

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