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Rg. No. YML/BNK/114

Tender Notice
Complaint
Rg. No. YML/BNK/114
ISO 9001:2015 & ISO 27001:2013 CERTIFIED BANK
Rate of Interest

Rate of Interest W.E.F. 15 August 2025

Note

    1. Interest Structure:
      1. For deposits up to a period of one year, Simple Interest shall be payable.
      2. For deposits a period exceeding one year, Compound Interest shall be payable.
        (The above change in the interest calculation method was approved in the meeting of the Board of
        Directors held on 30/12/2025 and shall be implemented with effect from 01/01/2026.)
    2. For lump-sum deposits of ₹.15 lakh, and above, additional interest up to 0.5% may be paid with the
      prior approval of the Chief Executive Officer, H.O.
    3. Our Bank employees, contractual employees, and retired employees shall be paid 1% additional
      interest rate above the applicable rate.
    4. On maturity of a fixed deposit receipt, it shall be automatically renewed for the same period
      unless otherwise instructed by the depositor.
    5. At any one time, only one concession shall be applicable.
      No additional interest benefit shall be allowed under special deposit schemes.
    6. In case of premature withdrawal, interest shall be paid at a rate 1% lower than the prevailing
      interest rate applicable for the corresponding period.