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Savings Bank Rates

Savings Bank Certificates Rates

 

Savings Bank


* Profit Rate Chart for Special Savings Accounts & Special Savings Certificates

On deposits (Principal amount) made from 01-07-2005 to date (Current Rates)

On completion of

Profit payable on a registration of each Rs. 100.00

6 months 1 Year 1 and half Year 2 Years 2 and half years 3 Years
Nil 4.200 8.576 13.133 17.884 22.831 28.589
1st six months   4.200 8.576 13.133 17.884 23.431
2nd six months     4.200 8.576 13.133 18.484
3rd six months       4.200 8.576 13.733
4th six months         4.200 9.176
5th six months           4.800

On deposits (Principal amount) made from 01-07-2004 to 30-06-2005

On completion of

Profit payable on a registration of each Rs. 100.00

6 months 1 Year 1 and half Year 2 Years 2 and half years 3 Years
Nil 3.400 6.916 10.550 14.307 18.193 22.659
1st six months   3.400 6.916 10.550 14.307 18.643
2nd six months     3.400 6.916 10.550 14.757
3rd six months       3.400 6.916 11.000
4th six months         3.400 7.366
5th six months           3.850

On deposits (Principal amount) made from 01-01-2004 to 30-06-2004

On completion of

Profit payable on a registration of each Rs. 100.00

6 months 1 Year 1 and half Year 2 Years 2 and half years 3 Years
Nil 3.500 7.122 10.871 14.749 18.763 23.418
1st six months   3.500 7.122 10.871 14.749 19.263
2nd six months     3.500 7.122 10.871 15.249
3rd six months       3.500 7.122 11.371
4th six months         3.500 7.622
5th six months           4.000

On deposits (Principal amount) made from 01-07-2003 to 31-12-2003

On completion of

Profit payable on a registration of each Rs. 100.00

6 months   year    1 Year 1 and half Year 2 Years 2 and half years 3 Years
Nil 3.750 7.638 11.673 15.858 20.201 25.208
1st six months   3.750 7.638 11.673 15.858 20.701
2nd six months     3.750 7.638 11.673 16.358
3rd six months       3.750 7.638 12.173
4th six months         3.750 8.138
5th six months           4.250

On deposits (Principal amount) made from 01-01-2003 to 30-06-2003

On completion of

Profit payable on a registration of each Rs. 100.00

6 months   year    1 Year 1 and half Year 2 Years 2 and half years 3 Years
Nil  4.250 8.678 13.294 18.105 23.124 28.856
1st six months   4.250 8.678 13.294 18.105 23.624
2nd six months     4.250 8.678 13.294 18.605
3rd six months       4.250 8.678 17.794
4th six months         4.250 9.178
5th six months           4.750

On deposits (Principal amount) made from 01-07-2002 to 31-12-2002

On completion of

Profit payable on a registration of each Rs. 100.00

6 months year    1 Year 1 and half Year 2 Years 2 and half years 3 Years
Nil  5.150 10.562 16.253 22.237 28.531 35.649
1st six months   5.150 10.562 16.253 22.237 29.031
2nd six months     5.150 10.562 16.253 22.737
3rd six months       5.150 10.562 16.753
4th six months         5.150 11.062
5th six months           5.650

Zakat is deducted at the time of actual encashment @ 2.5% on the principal amount where applicable.

With Holding Tax: AS per directions of the Federal Government, the tax on profit from Investment made on or after , the 1st July, 2002, shall be deducted at source at the rate of ten percent (10%) of such profit if such deposit exceeds Hundred and fifty Thousand Rupees (150,000).

* Courtesy: National Savings Center official web site