The Revised rate changes that will be effected in the system w.e.f. 20th June, 2022 are as under:
(All rates are per annum)
|
Days/Years Inclusive
|
Below Rs. 2 Cr.
|
Rs. 2 Cr. and above
|
|
15 days to 45 days
|
3.40%
|
3.40%
|
|
46 days to 90 days
|
4.00%
|
3.75%
|
|
91 days to 179 days
|
4.30%
|
4.15%
|
| 180 days |
4.50% |
4.25% |
|
181 days to 329 days
|
5.20%
|
4.60%
|
|
330 days
|
5.80%
|
5.30%
|
|
331 days to 389 days
|
5.30%
|
5.00%
|
|
390 days
|
5.80%
|
5.30%
|
|
391 days to 480 days
|
5.30%
|
5.00%
|
|
481 days to 719 days
|
5.80%
|
5.30%
|
|
720 days
|
6.00%
|
5.30%
|
|
721 days to 780 days
|
5.80%
|
5.30%
|
|
781 days to 36 months
|
6.25%
|
5.50%
|
|
Above 36 months to 60 months
|
6.50%
|
5.55%
|
|
Above 60 months to 120 months
|
6.50%
|
5.55%
|
|
Tax exemption Scheme (5 Years)
|
6.50%
|
NA
|
Note:
Penalty of 1% will be charged on the applicable rate for the period run in case of pre-mature closure of any term deposit with or without re-investment.