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 19.10.2015

Interest rates % (p.a) Bulk Deposits
SL No Period Below ₹ 1 Cr ₹ 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 5.00 5.00 5.00 5.00 5.00 5.00 5.00
3 46 days to 60 days 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
4 61 days to 90 days 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00
5 91 days to 120 days 7.00 6.75 6.75 6.75 6.75 6.75 6.75 6.75
6 121 days to 180 days 7.00 6.75 6.75 6.75 6.75 6.75 6.75 6.75
7 181 days to 269 days 7.25 7.00 7.00 7.00 7.00 7.00 7.00 7.00
8 270 days to 1 year 7.25 7.00 7.00 7.00 7.00 7.00 7.00 7.00
9 1 year 7.75 7.25 7.25 7.25 7.25 7.25 7.25 7.25
10 More than 1 Yr to less than 2 Yrs 7.50 7.25 7.25 7.25 7.25 7.25 7.25 7.25
11 2 Yrs 7.50 7.00 7.00 7.00 7.00 7.00 7.00 7.00
12 More than 2 Yrs to less than 3 Yrs 7.50 7.00 7.00 7.00 7.00 7.00 7.00 7.00
13 3 years to 5 Yrs 7.50 7.00 7.00 7.00 7.00 7.00 7.00 7.00
14 Above 5 Yrs 7.50 7.00 7.00 7.00 7.00 7.00 7.00 7.00

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 19.10.2015

SL No Period Below ₹ 1 crore ₹ 1 crore & above
Existing rates Revised rates Existing rates Revised rates
1 1 Year 7.75 7.75 7.40 7.25
2 More than 1 year to less than 2 Years 7.50 7.50 7.25 7.25
3 2 Years 7.50 7.50 7.25 7.00
4 More than 2 Years to less than 3 Years 7.50 7.50 7.25 7.00
5 3 Years to 5 Years 7.50 7.50 7.25 7.00
6 Above 5 Year 7.50 7.50 7.25 7.00

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.

FCNR (B) / RFC Deposits

Interest Rates offered for the period “Five Years Only”

Capital Gains Accounts Scheme 1988

CURRENCY INTEREST RATE
GBP 1.51 %
USD 1.43 %
EUR 0.80 %

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 01.01.2016 are as under
Rate of interest at percent per annum w.e.f. 01.01.2016 (RFC Deposits)
Period GBP USD EUR
One month and upto below 3 months 1.51 1.43 0.80
Three months and above but below six months 1.59 1.61 0.87
Six months and above but below one year 1.75 1.84 0.96
One year and above but below two years 1.73 1.88 0.95
Two years and above but below three years 2.10 2.16 0.99
*3 years 2.31* 2.43* 1.86*
*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
Rate of interest at percent per annum w.e.f. 01.01.2016 (FCNR (B) Deposits)
Period 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 Deposits are accepted for a minimum period of one year
Six months and above but below one year Deposits are accepted for a minimum period of one year
One year and above but below two years 1.73 1.88 0.95 3.25 1.93
Two years and above but below three years 2.10 2.16 0.99 3.22 1.84
Three years and above but below four years 2.31 2.43 1.86 3.27 1.96
Four years and above but below five years 2.47 2.62 1.19 3.50 2.07
Five years only 2.59 2.75 1.33 3.62 2.20
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