Provident Fund,
Superannuation Fund
or Gratuity Fund Account
5.5
4.5
3.5
3.5
Sanchayika Account
5.5
4.5
3.5
3.5
Public Account
5
4
3
3
Security Deposit Account
For purchase of motor
vehicle or
tractor
5
4
3
3
For other purposes
3
3
2
2
Official Capacity Account
3
3
2
2
Recurring Deposit Accounts (RD)
Period during
which opened
Amount
(Rs. repayable for
an account of Rs. 10/-
denomination
From
To
01.10.1991
01.09.1993
856.40
02.09.1993
31.12.1998
833.40
01.01.1999
14.01.2000
811.15
15.01.2000
28.02.2001
789.60
01.03.2001
28.02.2002
758.53
01.03.2002
28.02.2003
748.49
01.03.2003
30.11.2011
728.90
01.12.2011
onwards
738.62
Default Fee : 20 Paisa for Rs. 10
denomination for each month of default.
Rate or interest on RD: withdrawals on or
after 01.04.1993 : 15%
Premature closure allowed only after
three years from the date of opening w.e.f. 04.11.99
interest at the rate of single saving accounts is
admissible in such cases.
Time Deposit Accounts (TD)
Period during which opened
Rate
of Interest per annum
From
To
1 year
2 years
3 years
4 years
01.04.1991
30.09.1991
9.5
10
11
11.5
01.10.1991
15.12.1991
10
11
13
13.5
16.12.1991
01.09.1993
12
12
13
13.5
02.09.1993
31.12.1998
10.5
11
12
12.5
01.01.1999
14.01.2000
9
10
11
11.5
15.01.2000
28.02.2001
8
9
10
10.5
01.03.2001
28.02.2002
7.5
8
9
9
01.03.2002
28.02.2003
7.25
7.5
8.25
8.50
01.03.2003
30.11.2011
6.25
6.5
7.25
7.50
01.12.2011
onwards
7.7
7.8
8.0
8.30
Premature withdrawal of a
deposited in TD accounts is allowed subject to the
following conditions
No withdrawal is allowed before the
expiry of six months from the date of deposited
No interest is payable on withdrawals
after six months but before the expiry of one
year.
In case of withdrawals after the expiry
of one year from the date of deposited in a 2 Year, 3
Year of 5 Year account, interest at the rate which shall
be 2 % less than the rate specified for deposited of 1
year, 2 years or 3 years respectively will be paid for
the completed years and months
Interest already paid on the deposited
shall be recovered from the amount of repayment of
deposited and the interest payable under this
rule.
