Deposit Interest Rates

FIXED DEPOSIT RATES

With the effect from 01-June-2018

Period       Individual Senior Citizen Staff Member
From 46 Days TO 90 Days 4.75% 5.25% 5.75%
From  91 Days TO  180 Days  5.75% 6.25% 6.75%
From 181 Days TO Below 1 Yr (364 Days)     6.25% 6.75% 7.25%
From 1 Year TO 5 Years 6.75% 7.25% 7.75%
             
From 1 Year  Rs. 1000    Become 1069 1075 1080
From 2 Years Rs. 1000 Become 1143 1155 1166
From 3 Years Rs. 1000 Become 1222 1241 1259
From 4 Years Rs. 1000 Become 1307 1333 1359
From  5 Years Rs. 1000 Become 1398 1432 1468

**Now Deposits above 60 months (5 Years) are not to be accepted**

Penalty for premature withdrawal of FDR (w.e.f. 01/01/2018) (BOD R.No. 8(6) Dt. 12/12/17)

Nil Penalty                Depoist less than Rs. 1 Lakh withdrawn on or after completion of 12 months

Penalty @ 0.50%     Depoist less than Rs. 1 Lakh withdrawn before completion of 12 months

Penalty @ 1.00%     Depoist of Rs. 1 Lakh  & Above withdrawn prematurely

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Interest will be paid @ 3.75% on deposits which remains for a period of greater than 7 days but

less than 46 days. No interest will be paid on Deposit which remains for a period of less than 7 days

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For Senior Citizen 1/2 percent additional interest is paid on all types of deposit

(Certified True copy of Birth Certificate as a evidance should be kept on record.)

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All deposit accounts must be complied with KYC documets as per RBI guidelines.

Bank Detail

Contact Us

  • Head Office : Wadi Chokhandi, Vadodara-390017
  • Phones : 265-2583933
  • FAX : 265-2582245
  • Email : info@alavibank.com
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