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Deposit Rate of Interest
 

              DOMESTIC TERM DEPOSITS (Including MSD) from 02.07.2008

 

PERIOD

Rate of Interest % p.a.

 

General

Senior Citizens

15 days to 90 days

6.00%

6.00%

91 days to 179 days

7.00%

7.00%

180 days to 364 days

8.25%

8.25%

1 year and above,but upto 699 days

10.00%

10.25%

700 days

10.30%

10.30%

701 days to  3 years

10.00%

10.25%

Above 3 years to 5 years

9.75%

10.00%

Above 5 years

9.50%

9.75%

Tax Saver Scheme

9.00%

9.00%

Terms :                       Senior citizens:          Age- Completed age of 60 years.

           

NRE TERM DEPOSITS

01-07-2008 to 31-07-2008

PERIOD

Rate of Interest % p.a

1 Year and above but less than 2 years

3.31

2 Years and above but less than 3 Years

3.60

3 Years and above

3.95

NRE Savings A/C: From 17-11-2005  rate of interest will be 3.50% P.a

Interest rates for FCNR (B) Deposits and NRE Deposits

 for the period 01.07.2008 to 31.07.2008

Period

USD

GBP

EUR

YEN

CAD

AUD

1 Year and above but less than 2 years

2.56%

5.70%

4.64%

0.41%

3.29%

7.77%

2 Year and above but less than 3 years

2.85%

5.50%

4.62%

0.49%

2.86%

7.21%

3 Year and above but less than 4 years

3.20%

5.47%

4.55%

0.59%

3.01%

7.12%

4 Year and above but less than 5 years

3.42%

5.41%

4.47%

0.67%

3.11%

7.13%

5 Years only

3.56%

5.32%

4.41%

0.75%

3.19%

7.02%

Interest rates on EEFC Deposits

Period USD GBP EUR CAD AUD

Up to 1 Month

1.46

4.50

3.44

2.20

6.51

Above 1 Month and upto 3 Months

1.78

4.95

3.95

2.44

6.81

Above 3 Months and up to 31.10.2008

2.11

5.16

4.13

2.59

7.10

# Libor Rates as Declared  by FEDAI #
* Monthly Savings Deposit Scheme

 
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