Revision of interest rate for Domestic Term Deposits & NRE Deposits from 20.06.2022 |
Period | |||||||||||||
Rate of Interest % p.a | |||||||||||||
Senior Citizens | |||||||||||||
7 days to 14 days | 4.00% | 4.00% | |||||||||||
15 days to 45 days | 4.10% | 4.10% | |||||||||||
46 days to 90 days | 4.15% | 4.15% | |||||||||||
91 days to 180 days | 4.20% | 4.20% | |||||||||||
181 days to 270 days | 4.25% | 4.25% | |||||||||||
271 days to 364 days | 4.75% | 4.75% | |||||||||||
365 days to 399 days | 5.25% | 5.60% | |||||||||||
400 days | 5.40% | 5.75% | |||||||||||
401 to 699 days | 5.35% | 5.70% | |||||||||||
700 days | 5.55% | 6.00% | |||||||||||
701 to 3 Years | 5.30% | 5.60% | |||||||||||
Above 3 Years upto 10 Years | 5.25% | 5.25% | |||||||||||
Tax Saver 5.55% | |||||||||||||
For NRO deposits, the above rates under General category will alone be applicable i.e., senior citizen rate is not applicable.
Terms : Senior citizens: Age - Completed age of 60 years.
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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.
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Interest rates for FCNR (B) Deposits with effect from 15-JULY-2022 | |||||||||||
PERIOD | USD | Yield to Maturity | GBP | Yield to Maturity | EUR | Yield to Maturity | YEN | Yield to Maturity | CAD | AUD | SGD |
1 Year and above but less than 2 Years | 3.36% | 3.45% | 2.00% | 2.04% | 0.40% | 0.41% | 0.10% | 0.10% | 0.00% | 0.00% | 0.00% |
2 Years and above but less than 3 Years | 3.41% | 3.55% | 2.35% | 2.43% | 0.40% | 0.41% | 0.10% | 0.10% | 0.00% | 0.00% | 0.00% |
3 Years and above but less than 4 Years | 3.46% | 3.67% | 2.45% | 2.57% | 0.40% | 0.41% | 0.10% | 0.10% | 0.00% | 0.00% | 0.00% |
4 Years and above but less than 5 Years | 3.40% | 3.67% | 2.35% | 2.49% | 0.40% | 0.41% | 0.10% | 0.10% | 0.00% | 0.00% | 0.00% |
5 Years only | 3.35% | 3.67% | 2.35% | 2.52% | 0.40% | 0.41% | 0.10% | 0.10% | 0.00% | 0.00% | 0.00% |
Interest rates on RFC Deposits with effect from 15-JULY-2022 | ||||||||
PERIOD | USD | GBP | EUR | SGD | ||||
1 Year and above but less than 2 Years | 3.36% | 2.00% | 0.40% | 0.00% | ||||
2 Years and above but less than 3 Years | 3.41% | 2.35% | 0.40% | 0.00% | ||||
3 years | 3.46% | 2.45% | 0.40% | 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.
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