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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 02.04.2014

S.No
Period
Below `One Cr
`One Cr & above
Existing
Revised
Existing
Revised
1
7 days to 29 days
4.00
4.00
4.00
4.00
2
30 days to 45 days
4.00
4.00
4.00
4.00
3
46 days to 60 days
5.75
5.75
5.75
5.75
4
61 days to 90 days
5.75
5.75
5.75
5.75
5
91 days to 180 days
8.50
8.50
9.25
8.75
6
181 days to less than 1 year
8.50
8.50
9.25
8.75
7
1Year
9.10
9.10
9.25
9.00
8
More than 1year to less than 2 Years
9.00
9.00
8.75
8.75
9
2 years
9.00
9.00
8.50
8.50
10
More than 2 years to less than 3 years
9.00
9.00
8.50
8.50
11
3 years to less than 5 years
9.00
9.00
8.15
8.15
12
5 years and above
9.00
9.00
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 `1crore from the period of 1 year to less than 5 years. The senior citizen benefit will not be available for bulk deposits (Rs 1 crore and above)
2)The above rates are not applicable to NRE Term Deposits.
3) 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 02.04.2014

SL No
Period
Below `1crore
`1 crore & above
Existing
Revised
Existing
Revised
1
1 Year
9.10
9.10
9.10
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 01st April 2014 is as under

CURRENCY INTEREST RATE
GBP 2.49 %
USD 2.15 %
EUR 2.21 %

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)

 

The revised interest rates for all the maturity periodsapplicable from 01.04.2014 are as under: -
 
Period
 
 
Rate of interest at percent per annum w.e.f. 01.04.2014
FCNR (B) Deposits
RFC Deposits
GBP
USD
EUR
AUD
CAD
GBP
USD
EUR
One month and upto below 3 months
Deposits are accepted for a minimum period of one year
2.49
2.15
2.21
Three months and above but below six months
2.52
2.23
2.28
Six months and above but below one year
2.62
2.33
2.38
One year and above but below two years
2.91
2.56
2.55
4.71
3.47
2.91
2.56
2.55
Two years and above but below three years
3.49
2.59
2.49
4.96
3.40
3.49
2.59
2.49
*3 years ( for RFC Deposits)
-
-
-
-
-
4.82*
4.05*
3.64*
Three years and above but below four years ( For FCNR Deposits)
4.82
4.05
3.64
6.23
4.61
*RFC Term Deposits are accepted only for maximum period of three years and at simple rate of interest.
Four years and above but below five years
5.07
4.48
3.82
6.53
4.86
Five years only
5.29
4.85
4.01
6.74
5.09
 
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