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Interest Rates  

Savings Bank - 4.00 % p.a    (Effective from 03 - MAY 2011)

Interest rates on Term Deposits - DOMESTIC /NRO  have been revised

with effect from 20.10.2014
 

 

SL No
Period
Interest rates % (p.a)
Below
Rs.1 Cr
Bulk Deposits
Rs.1 Cr
to below
Rs. 5 Cr
Rs. 5 Cr
to below
Rs. 50 Cr
Rs. 50 Cr
to below
Rs. 75 Cr
Rs. 75Cr
to below
Rs. 200 Cr
Rs. 200 Cr
To below
Rs. 300
Rs. 300 Cr
To belwo
Rs. 325
Rs. 325 cr
&
above
1
7 days to 29 days
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
2
30 days to 45 days
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
3
46 days to 60 days
6.50
7.50
7.50
7.50
7.50
7.50
7.50
7.50
4
61 days to 90 days
6.50
8.25
8.25
8.25
8.25
8.25
8.25
8.25
5
91 days to 180 days
8.00
8.25
8.25
8.25
8.25
8.25
8.25
8.25
6
181 days to 269 days
8.25
8.60
8.60
8.60
8.60
8.60
8.60
8.60
7
270 days to less than 1 Yr
8.50
8.60
8.60
8.60
8.60
8.60
8.60
8.60
8
1Year
9.05
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9
More than 1 Yr to less than 2 Yrs
9.00
8.75
8.75
8.75
8.75
8.75
8.75
8.75
10
2 Yrs
9.00
8.50
8.50
8.50
8.50
8.50
8.50
8.50
11
More than 2 Yrs to less than 3 Yrs
9.00
8.50
8.50
8.50
8.50
8.50
8.50
8.50
12
3 years to 5 Yrs
9.00
8.15
8.15
8.15
8.15
8.15
8.15
8.15
13
Above 5 Yrs
9.00
8.00
8.00
8.00
8.00
8.00
8.00
8.00

 

1)  The additional interest rate for Senior Citizens is 0.50% p.a. and shall be applicable only for the deposits below Rs. 1crore from the period of 1 year to 5 years. This is applicable to all categories of Sr. Citizen Customers including ex- Sr. Ctizen Staff

2) The interest rate on Special Deposit Scheme - 444days  is 9.05% pa 

3)The above rates are not applicable to NRE Term Deposits.

4) For interest rate on NRE Term Deposits, please refer the table given below.

 NRE Accounts

Repatriable Savings Bank and Term Deposit Rupee accounts carrying interest rates.



NRE Savings Bank - 4.00 % p.a. (Effective from 10-OCT-2012)



 Revised rates on NRE Term Deposit with effect from 02.06.2014

SL No
Period
Below `1crore
`1 crore & above
Existing
Revised
Existing
Revised
1
1 Year
9.10
9.05
9.00
9.00
2
More than 1 year to less than 2 years
9.00
9.00
8.75
8.75
3
2 Years
9.00
9.00
8.50
8.50
4
More than 2 years to less than 3 years
9.00
9.00
8.50
8.50
5
3 Years to less than 5 Years
9.00
9.00
8.15
8.15
6
5 Years and above
9.00
9.00
8.00
8.00

Notes:
·       The above rates will not be applicable to Domestic & NRO Term Deposits.
·       NRE deposits will not be accepted for tenure less than 1 year.
·       The additional interest rates for Senior Citizens will not be applicable for NRE Term Deposits.
·       All concerned are advised to take note of the changes in the interest rates on NRE Term Deposits.




FCNR (B) / RFC Deposits



Interest Rates offered for the period “Five Years Only”

RFC - SB DEPOSITS



RFC Savings Bank Deposits: Interest with effect from 1st September 2014 is as under

CURRENCY INTEREST RATE
GBP 2.50 %
USD 2.16 %
EUR 2.06 %

Capital Gains Accounts Scheme 1988

Category of Account  
Savings Bank Account 4.00 % p.a
Term Deposit Account As Mentioned in Domestic Term Deposit (given above)

Interest Rates on RFC Term deposits are as under from 01.09.2014 are as under: -

Period

Rate of interest at percent per annum w.e.f. 01.09.2014

 
RFC Deposits
GBP
USD
EUR

One month and upto below 3 months

2.50
2.16
2.06

Three months and above but below six months

2.56
2.23
2.13

Six months and above but below one year

2.71
2.33
2.22

One year and above but below two years

2.80
2.34
2.27

Two years and above but below three years

3.24
2.71
2.29

*3 years

4.54
4.14
3.34
 

*RFC Term Deposits are accepted only for maximum period of three years and at simple rate of interest.





Interest Rates on FCNR (B) deposits are as under:
Period

Rate of interest at percent per annum w.e.f. 01.09.2014

FCNR (B) Deposits

GBP
USD
EUR
AUD
CAD

One month and upto below 3 months

Deposits are accepted for a minimum period of one year

Three months and above but below six months

Six months and above but below one year

One year and above but below two years

2.80
2.34
2.27
4.65
3.47

Two years and above but below three years

3.24
2.71
2.29
4.72
3.43

Three years and above but below four years

4.54
4.14
3.34
5.86
4.59

Four years and above but below five years

4.76
4.50
3.40
6.08
4.75

Five years only

4.92
4.77
3.51
6.22
4.89

 

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