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Interest Rates on Deposit Schemes


Registration:- Revision in rate of interest on Fixed Deposits

Date:-09.02.2024.

Please be informed that interest rates on deposits are revised w.e.f. 12.02.2024. The revised rates of interest:-

ROI FOR PUBLIC DEPOSITS:-

Fixed Deposit Scheme (ALL)
GENERAL PUBLIC SENIOR CITIZEN CBHFL STAFF
12-120 months 7.50% 7.75% 8.00%


ROI FOR ICD/Inter corporate deposit(less than 10 crore ):-

Fixed Deposit Scheme(All) non public
12-36months 39-60 Months
7.60% 7.75%


ROI FOR ICD/Inter corporate deposit(10 crore and above ):-

ICD-Fixed Deposit Scheme(All) non public
12-120 months 8.00% *

* No Brokerage will be paid on FD of Rs.10 crore and above.


COMMISSION RATE ON PUBLIC DEPOSIT:-

Brokerage payable on fresh as well as on renewed public deposit/ICD deposits mobilized amounting to Rs. 1 lacs and above ,but below one crore , If Sourced via broker are given below:-

Brokerage payable for mobilization of deposits, if sourced through brokers
Deposit mobilized for the period Commission Payable
Upto 18 months 0.35%
Above 21 months to 60 months 0.50%

Brokerage payable on fresh as well as on renewed public deposit/ICD mobilized amounting to Rs. 1 crore to less then 10 crore, If Sourced via broker are given below:-

Brokerage payable for mobilization of deposits, if sourced through brokers
Deposit mobilized for the period Commission Payable
Upto 18 months 0.50%
Above 21 months to 60 months 0.60%

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