Revision of interest rate for Domestic Term Deposits & NRO Deposits from 18.01.2023


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 443 days 6.75% 7.00%
444 days 7.75% 8.00%
445 to 699 days 6.95% 7.00%
700 days 7.10% 7.25%
701 to 3 Years 7.25% 7.25%
Above 3 Years upto 10 Years 6.90% 7.25%
Tax Saver 7.00%
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 18-01-2023
PERIOD Revised ROI(%)
365 days to 443 days 6.75%
444 days 7.75%
445 days to 699 days 6.95%
700 days 7.10%
701 days to 3 Years 7.25%
Above 3 Years to 10 Years 6.90%

For Bulk deposit (Single Rupee term deposits of Rs.2.00 Crores and above), branch shall approach Treasury department and obtain bulk deposit rate of Interest.


Domestic/NRO Rupee Term deposits of Rs.2.00 Cr (Bulk Deposit) and above
From 16-03-2023
PERIOD ROI(%)
7 days to 14 days 6.85%
15 days to 45 days 6.90%
46 days to 90 days 6.95%
91 days to 180 days 7.25%
181 days to 270 days 7.50%
271 days to 364 days 7.60%
365 Days to 443 days 7.85%
444 Days 7.90%
445 Days to 699 days 7.65%
700 days 7.50%
701 days to 3 years
7.40%
Above 3 years to 10 years 7.25%


NRE Rupee Term deposits of Rs.2.00 Cr (Bulk Deposit) and above
From 16.03.2023
PERIOD ROI(%)
365 Days to 443 days 7.85%
444 Days 7.90%
445 Days -699 days 7.65%
700 days 7.50%
701 days to 3 years 7.40%
Above 3 years to 10 years
7.25%

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 08-February-2023
PERIOD USD GBP EUR YEN CAD AUD SGD
1 Year and above but less than 2 Years 6.00% 4.49% 2.17% 0.20% 3.51% 3.50% 0.25%
2 Years and above but less than 3 Years 5.70% 3.94% 2.17% 0.20% 3.51% 3.50% 0.25%
3 Years and above but less than 4 Years 5.60% 3.69% 0.00% 0.20% 3.51% 3.75% 0.25%
4 Years and above but less than 5 Years 5.00% 3.59% 0.00% 1.65% 3.51% 3.75% 0.25%
5 Years only 4.90% 3.49% 0.00% 1.55% 3.51% 3.75% 0.25%

Interest rates on RFC Deposits with effect from 08-February-2023
PERIOD USD GBP EUR SGD
1 Year and above but less than 2 Years 6.00% 4.49% 2.17% 0.25%
2 Years and above but less than 3 Years 5.70% 3.94% 2.17% 0.25%
3 years 5.60% 3.69% 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.

Last Updated on: 16-03-2023 09:53:42 AM

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