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Deposit Rate of Interest
 

Domestic Term Deposits (Including MSD*) (With Effect From 01-05-2008)

 PERIOD

 Rate of interest per annum (%)

General

Senior Citizen

15 days to 90 days

 6.00% 6.00%

91 days to 180 days

 6.50% 6.50%

181 days to below 1year

 7.50% 7.50%

1Year and above but below 2 years

 9.25% 9.75%

2 Years and above but below 3 years

 9.50%

10.00%
3 Years and above but below 5 years 9.25% 9.75%
Above 5 Years 9.00% 9.00%
Tax Saver Schemes 9.00% 9.00%

 

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

           

NRE TERM DEPOSITS

01-05-2008 to 31-05-2008

PERIOD

Rate of Interest % p.a

1 Year and above but less than 2 years

3.08

2 Years and above but less than 3 Years

3.18

3 Years and above

3.45

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 01.05.2008 to 31.05.2008
Period USD Libor GBP SWAP EUR SWAP YEN SWAP CAD SWAP AUD Swap
1 Year and above but less than 2 years 2.33 5.06 4.21 0.35 2.91 7.51
2 Year and above but less than 3 years 2.43 4.65 3.78 0.36 2.64 6.91
3 Year and above but less than 4 years 2.70 4.62 3.68 0.44 2.79 6.82
4 Year and above but less than 5 years 2.93 4.59 3.65 0.51 2.91 6.86
5 Years only 3.11 4.54 3.64 .0.59 3.03 6.78

Interest rates on EEFC Deposits :

Period USD GBP EUR CAD AUD
Up to 1 Month 1.80 4.47 3.39 2.29 6.55
Above 1 Month and upto 3 Months 1.85 4.84 3.86 2.49 6.85
Above 3 Months and up to 6 Months 1.97 4.84 3.88 2.50 7.00
Above 6 Months and up to 31-10-2008 2.08 4.81 3.96 2.66 7.26

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

 
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