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%

Domestic/NRO Rupee Term deposits above Rs 1.00 Cr and below Rs 2.00 Cr for "CUB Deposit Plus"
From 09-12-2023
Particulars General Senior Citizens
Non Callable (Above 1 Cr and below 2Crs) Non Callable (Above 1 Cr and below 2Crs)
91 to 180 Days 6.00% 6.00%
181 to 270 Days 6.25% 6.50%
271 to 364 Days 6.50% 6.75%
365 to 399 Days 7.00% 7.25%
400 Days 7.25% 7.75%
401 Days to 3 years 6.50% 6.75%
Above 3 Years up to 10 Years 6.25% 6.50%

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 01-03-2024 Callable Bulk Deposit
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 6.75% 6.75% 6.75% 7.15% 7.15% 7.15% 7.15%
15 days to 45 days 6.75% 6.75% 6.75% 7.15% 7.15% 7.15% 7.15%
46 days to 90 days 6.75% 6.75% 6.75% 7.15% 7.15% 7.15% 7.15%
91 days to 180 days 6.75% 6.75% 6.75% 7.15% 7.15% 7.15% 7.15%
181 days to 270 days 6.80% 6.80% 6.80% 7.15% 7.15% 7.15% 7.15%
271 days to 364 days 7.10% 7.10% 7.15% 7.15% 7.20% 7.35% 7.40%
365 Days to 399 days 7.90% 7.90% 7.90% 7.90% 7.90% 7.90% 7.90%
400 Days 7.15% 7.15% 7.15% 7.15% 7.15% 7.40% 7.40%
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 01-03-2024 Callable Bulk Deposit
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 7.90% 7.90% 7.90% 7.90% 7.90% 7.90% 7.90%
400 Days 7.15% 7.15% 7.15% 7.15% 7.15% 7.40% 7.40%
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%

Domestic/NRO Rupee Term deposits of Rs.2.00 Cr (Bulk Deposit) and above
From 01-03-2024 Non Callable Bulk Deposit-CUB Deposit PLUS
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 -- --

--

--

--
--
--
15 days to 45 days

--

--

--

--

--
-- --
46 days to 90 days -- --
--
--
-- -- --
91 days to 180 days 6.85%

6.85%

6.85%

7.20%

7.20%

    7.20%

7.20%

181 days to 270 days

6.85%

6.85%

6.85%

7.20%

7.20%

7.20%

7.20%

271 days to 364 days 7.20% 7.20% 7.20% 7.20% 7.25% 7.40% 7.45%
365 Days to 399 days 8.00%

8.00%

8.00%

8.00%

8.00%

8.00%

8.00%

400 Days 7.20% 7.20%

7.20%

7.20%

7.20%

7.50% 7.50%
401 Days to 3 years -- ---- -- --
--
--
Above 3 years to 10 years -- --
-- -- -- -- --


NRE Rupee Term deposits of Rs.2.00 Cr (Bulk Deposit) and above
From 01-03-2024 Non Callable Bulk Deposit-CUB Deposit PLUS
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 8.00%

8.00%

8.00%

8.00%

8.00%

8.00%

8.00%

400 Days

7.20%

7.20%

7.20%

7.20%

7.20%

7.50%

7.50%

401 Days to 3 years -- --
--
--
--
--
--
Above 3 years to 10 years -- -- -- -- -- -- --

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 01-03-2024
PERIOD USD GBP EUR YEN CAD AUD SGD
1 Year and above but less than 2 Years 6.00% 5.50% 4.00% 0.20% 4.65% 4.50% 0.75%
2 Years and above but less than 3 Years 5.25% 5.00% 2.50% 0.20% 4.60% 4.35% 0.75%
3 Years and above but less than 4 Years 4.50% 4.10% 2.00% 0.20% 4.60% 4.25% 0.00%
4 Years and above but less than 5 Years 4.50% 4.10% 2.00% 0.20% 4.00% 4.25% 0.00%
5 Years only 4.50% 4.10% 2.00% 0.20% 4.00% 4.25% 0.00%

Interest rates on FCNR [B] BULK DEPOSITS with effect from 01-03-2024
Period USD 1 Million & Above & upto USD 5 Million
1 yr & above but less than 2 yrs 6.25 @

@ Subject to prior permission from IBD/Treasury



Interest rates on RFC Deposits with effect from 01-03-2024
PERIOD USD GBP EUR SGD
1 Year and above but less than 2 Years 6.00% 5.50% 4.00% 0.75%
2 Years and above but less than 3 Years 5.25% 5.00% 2.50% 0.75%
3 years 4.50% 4.10% 2.00% 0.00%

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: 02-03-2024 12:33:42 PM

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