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 12.01.2017

SL No

Period

Interest rates % (p.a)

 

 

Below

`1 Cr

Bulk Deposits

`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

4.00

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

4.50

4.25

4.25

4.25

4.25

4.25

4.25

4.25

4

61 days to 90 days

4.50

4.25

4.25

4.25

4.25

4.25

4.25

4.25

5

91 days to 180 days

5.25

5.00

5.00

5.00

5.00

5.00

5.00

5.00

6

181 days to 269 days

6.25

5.25

5.25

5.25

5.25

5.25

5.25

5.25

7

270 days to less than 1 Yr

6.25

5.25

5.25

5.25

5.25

5.25

525

5.25

8

1Year

6.50

5.50

5.50

5.50

5.50

5.50

5.50

5.50

9

More than 1 Yr to less than 2 Yrs

6.50

5.25

5.25

5.25

5.25

5.25

5.25

5.25

10

2 Yrs

6.50

5.00

5.00

5.00

5.00

5.00

5.00

5.00

11

More than 2 Yrs to less than 3 Yrs

6.50

5.00

5.00

5.00

5.00

5.00

5.00

5.00

12

3 years to 5 Yrs

6.50

5.00

5.00

5.00

5.00

5.00

5.00

5.00

13

Above 5 Yrs

6.25

5.00

5.00

5.00

5.00

5.00

5.00

5.00

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

Revised rates on NRE Term Deposit with effect from 12.01.2017

SL No

Period

Retail Deposits

(below ` 1 crore)

Bulk Deposits

(` 1 crore & above)

Existing rates

Revised rates

Existing rates

Revised

rates

1

1 Year

6.50

6.50

6.00

5.50

2

More than 1 year to less than 2 Years

6.50

6.50

6.00

5.25

3

2 Years

6.50

6.50

6.00

5.00

4

More than 2 Years to less than 3 Years

6.50

6.50

6.00

5.00

5

3 Years to 5 Years

6.50

6.50

6.00

5.00

6

Above 5 Year

6.25

6.25

5.75

5.00

Notes:

The above rates will not be applicable to Domestic & NRO Term Deposits.

The senior citizens benefits will not be available for NRE & NRO deposit holders.

NRE deposits will not be accepted for tenure less than 1 year.

All concerned are advised to take note of the changes in the interest rates on NRE Term Deposits.

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)

FCNR (B) / RFC Deposits

Interest Rates offered for the period “Five Years Only”

Interest rates on RFC – SB deposits w.e.f 01.07.2017 :

CURRENCY INTEREST RATE
GBP 1.26 %
USD 2.23 %
EUR 0.60 %

 

Interest Rates on RFC-Term deposits w.e.f  01.07.2017 are as under:

Period of RFC Deposit

RATE OF INTEREST %. p.a.

GBP

USD

EUR

1 Month to less than 3 Months

1.26

2.23

0.60

3 Months to less than 6 Months

1.31

2.30

0.63

6 Months to less than 1 Year

1.46

2.45

0.70

1 Year to less than 2 Years

1.46

2.59

0.78

2 Years to less than 3 Years

1.69

2.75

0.87

3 Years only

1.79

3.31

0.99

 
 Interest Rates on FCNR (B) deposits w.e.f  01.07.2017 as as under:
Maturity Period

Currency - % p.a.

GBP

USD

EUR
AUD
CAD

One year to less than two years

1.46

2.59

0.78

2.82

2.28

2 years to less than three years

1.69

2.75

0.87

2.96

2.40

3 years to less than four years

1.79

3.31

0.99

3.12

2.53

4 years to less than five years

1.89

3.34

1.13

3.38

2.63

5 years only

1.98

3.72

1.27

3.51

2.72