Revision of interest rate for Domestic Term Deposits & NRO Deposits from 05.04.2023
Period |
Rate of Interest % p.a |
General |
Senior Citizens |
7 days to 14 days |
5.00% |
5.00% |
15 days to 45 days |
5.50% |
5.50% |
46 days to 90 days |
5.75% |
5.75% |
91 days to 180 days |
6.00% |
6.00% |
181 days to 270 days |
6.25% |
6.50% |
271 days to 364 days |
6.50% |
6.75% |
365 days to 399 days |
6.75% |
7.00% |
400 days |
7.00% |
7.50% |
401 to 3 Years |
6.50% |
6.75% |
Above 3 Years upto 10 Years |
6.25% |
6.50% |
Tax Saver |
6.50% |
|
For *NRO deposits, the above rates under General category will alone be applicable i.e., senior citizen rate is not applicable. |
NRE TERM DEPOSITS (Senior citizen rate not applicable) |
From 05-04-2023 |
PERIOD |
Revised ROI(%) |
365 days to 399 days |
6.75% |
400 days |
7.00% |
401 days to 3 years |
6.50% |
Above 3 Years to 10 Years |
6.25% |
Bulk deposit (Single Rupee term deposits of Rs.2.00 Crores and above) subject to prior approval from Treasury Department.
Domestic/NRO Rupee Term deposits of Rs.2.00 Cr (Bulk Deposit) and above |
From 18-11-2023 |
Period |
ROI(%) |
|
Rs. 2 Cr to < Rs. 05 Cr |
Rs. 5 Cr to < Rs. 10 Cr |
Rs. 10 Cr to < Rs. 25 Cr |
Rs. 25 Cr to < Rs. 75 Cr |
Rs. 75 Cr to < Rs. 100 Cr |
Rs. 100 Cr to < Rs. 250 Cr |
Rs. 250 Cr & Above |
7 days to 14 days |
6.20% |
6.25% |
6.35% |
6.35% |
6.40% |
6.45% |
6.50% |
15 days to 45 days |
6.30% |
6.35% |
6.45% |
6.45% |
6.50% |
6.55% |
6.55% |
46 days to 90 days |
6.35% |
6.40% |
6.55% |
6.55% |
6.55% |
6.60% |
6.60% |
91 days to 180 days |
6.50% |
6.55% |
6.75% |
6.75% |
6.75% |
6.75% |
6.75% |
181 days to 270 days |
6.50% |
6.55% |
6.75% |
6.75% |
6.75% |
6.75% |
6.75% |
271 days to 364 days |
7.10% |
7.10% |
7.15% |
7.15% |
7.20% |
7.35% |
7.40% |
365 Days to 399 days |
7.75% |
7.75% |
7.75% |
7.75% |
7.75% |
7.75% |
7.75% |
400 Days |
7.25% |
7.25% |
7.25% |
7.25% |
7.25% |
7.50% |
7.50% |
401 Days to 3 years |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
Above 3 years to 10 years |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
NRE Rupee Term deposits of Rs.2.00 Cr (Bulk Deposit) and above |
From 18-11-2023 |
Period |
ROI(%) |
|
Rs. 2 Cr to < Rs. 05 Cr |
Rs. 5 Cr to < Rs. 10 Cr |
Rs. 10 Cr to < Rs. 25 Cr |
Rs. 25 Cr to < Rs. 75 Cr |
Rs. 75 Cr to < Rs. 100 Cr |
Rs. 100 Cr to < Rs. 250 Cr |
Rs. 250 Cr & Above |
365 Days to 399 days |
7.75% |
7.75% |
7.75% |
7.75% |
7.75% |
7.75% |
7.75% |
400 Days |
7.25% |
7.25% |
7.25% |
7.25% |
7.25% |
7.50% |
7.50% |
401 Days to 3 years |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
Above 3 years to 10 years |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
6.70% |
Revised rate of interest on savings Bank account with effect from 01-11-2021 |
Average balance |
Rate of Interest % p.a |
Less than Rs. 1 lakh |
3.00% |
Above Rs. 1 lakh and up to Rs.10 lakh |
3.50% |
Above Rs.10 lakhs up to Rs.49.99 crore |
4.00% |
Rs.50 crore and above |
5.00% |
Interest rates for FCNR (B) Deposits with effect from 03-10-2023 |
PERIOD |
USD |
GBP |
EUR |
YEN |
CAD |
AUD |
SGD |
1 Year and above but less than 2 Years |
5.85% |
5.60% |
3.45% |
0.20% |
4.65% |
4.35% |
0.25% |
2 Years and above but less than 3 Years |
5.57% |
5.00% |
2.50% |
0.20% |
4.65% |
4.35% |
0.25% |
3 Years and above but less than 4 Years |
5.05% |
4.10% |
0.00% |
0.20% |
4.65% |
4.25% |
0.25% |
4 Years and above but less than 5 Years |
5.00% |
4.10% |
0.00% |
1.65% |
4.50% |
4.25% |
0.25% |
5 Years only |
5.00% |
4.10% |
0.00% |
1.55% |
4.50% |
4.25% |
0.25% |
Interest rates on RFC Deposits with effect from 03-10-2023 |
PERIOD |
USD |
GBP |
EUR |
SGD |
1 Year and above but less than 2 Years |
5.85% |
5.60% |
3.45% |
0.25% |
2 Years and above but less than 3 Years |
5.57% |
5.00% |
2.50% |
0.25% |
3 years |
5.05% |
4.10% |
0.00% |
0.25% |
We may offer 0.50% p.a. on USD RFC savings account & 0% p.a. on EUR, SGD & GBP RFC savings account.
* Pre-closure penalty as per bank’s policy from time to time.