(A Joint Venture of Govt. of India,M.P. Govt. & Bank of India)
a. Interest will be allowed at the rate prescribed by Reserve Bank of India from time to time.
b. Present rate of interest @ 3.50 % p.a, 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.
|Saving Bank Deposit Rate|
|Interest : 3.50 % p.a.|