Interest Rates

Savings Bank Interest Rate - (Effective from 07-October 2017)

Balance below Rs.50 Lakhs - 3.50%

Balance of Rs.50 Lakhs and above - 4.00%

Interest rates on Term Deposits - DOMESTIC /NRO have been revised with effect from 06th July 2018

SL No

Period

Interest rates % (p.a)

 

 

Below

`1 Cr

Deposits ` 1 Crore & Above

`1 Cr

to

Less than

`5 Cr

`5 Cr

to

Less than

`25 Cr

`25 Cr

to

Less than

`50 Cr

`50 Cr

to

Less than

`75 Cr

`75 Cr

to

Less than

`100 Cr

`100 Cr

to

Less than

`200 Cr

`200 Cr

& above

1

7 days to 29 days

4.50

5.25

5.25

5.25

5.25

5.25

5.25

5.25

2

30 days to 45 days

5.00

5.25

5.25

5.25

5.25

5.25

5.25

5.25

3

46 days to 60 days

5.50

5.25

5.25

5.25

5.25

5.25

5.25

5.25

4

61 days to 90 days

5.75

5.25

5.25

5.25

5.25

5.25

5.25

5.25

5

91 days to 180 days

6.25

5.25

5.25

5.25

5.25

5.25

5.25

5.25

6

181 days to 269 days

6.50

6.00

6.00

6.00

6.00

6.00

6.00

6.00

7

270 days to less than 1 Yr

6.50

6.00

6.00

6.00

6.00

6.00

6.00

6.00

8

1Year

6.75

6.00

6.00

6.00

6.00

6.00

6.00

6.00

9

More than 1Year to 399 Days

6.75

6.00

6.00

6.00

6.00

6.00

6.00

6.00

10

400 Days

7.05

Not Applicable

11

401 Days to 499 Days

6.75

6.00

6.00

6.00

6.00

6.00

6.00

6.00

12

500 Days

7.10

Not Applicable

13

501 days to less than 2 Years

6.75

6.00

6.00

6.00

6.00

6.00

6.00

6.00

14

2 Yrs

6.75

6.00

6.00

6.00

6.00

6.00

6.00

6.00

15

More than 2 Yrs to less than 3 Yrs

6.75

6.00

6.00

6.00

6.00

6.00

6.00

6.00

16

3 years to 5 Yrs

6.75

6.00

6.00

6.00

6.00

6.00

6.00

6.00

17

Above 5 Yrs

6.75

6.00

6.00

6.00

6.00

6.00

6.00

6.00

 

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 (excluding NRI/NRE/NRO Senior Citizen Accounts)

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 Interest Rate - (Effective from 07-October 2017)

Balance below Rs.50 Lakhs - 3.50%

Balance of Rs.50 Lakhs and above - 4.00%

Revised rates on NRE Term Deposit with effect from 06th July 2018

SL No

Period

Deposits Interest rates % (p.a)

Below

`1 Cr

` 1 Crore & Above

`1 Cr

to

Less than

`5 Cr

`5 Cr

to

Less than

`25 Cr

`25 Cr

to

Less than

`50 Cr

`50 Cr

to

Less than

`75 Cr

`75 Cr

to

Less than

`100 Cr

`100 Cr

to

Less than

`200 Cr

`200 Cr

& above

1

1Year

6.75

6.00

6.00

6.00

6.00

6.00

6.00

6.00

2

More than 1Year to 399 Days

6.75

6.00

6.00

6.00

6.00

6.00

6.00

6.00

3

400 Days

7.05

Not Applicable

4

401 Days to 499 Days

6.75

6.00

6.00

6.00

6.00

6.00