| DOMESTIC TERM DEPOSITS (Including MSD) from 16.12.2020 |
| Period |
| Rate of Interest % p.a |
| General |
Senior Citizens |
| Less than Rs.2 Crore |
| 7 days to 14 days |
3.00% |
3.00% |
| 15 days to 45 days |
3.25% |
3.25% |
| 46 days to 90 days |
3.50% |
3.50% |
| 91 days to 180 days |
3.75% |
3.75% |
| 181 days to 270 days |
4.00% |
4.00% |
| 271 days to 364 days |
5.00% |
5.00% |
| 365 days to 550 days |
5.50% |
6.00% |
| 551 days to 3 years |
5.75% |
6.25% |
| Above 3 years and up to 5 years |
5.50% |
6.00% |
| Above 5 years and upto 10 years |
5.25% |
5.25% |
| Tax Saver Schemes (both for General category and Senior Citizens) ROI p.a 6.00% |
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.
| NRE TERM DEPOSITS ( Senior citizen rate not applicable) |
| From 16-12-2020 |
| PERIOD |
Rate of Interest % p.a |
| 365 days to 550 days |
5.50% |
| 551 days to 3 years |
5.75% |
| Above 3 years and up to 5 years |
5.50% |
| Above 5 Years and upto 10 Years |
5.25% |
| NRE Savings A/C: From 03-05-2011 rate of interest will be 4.00% P.a |
|
| Revised rate of interest on savings Bank account with effect from 01.04.2020 |
| Average balance |
Rate of Interest % p.a |
| Less than Rs. 1 lakh |
3.50% |
| Above Rs. 1 lakh and up to Rs.10 lakh |
3.75% |
| Above Rs. 10 lakh |
4.00% |
| |
|
| Interest rates for FCNR (B) Deposits from 01-MAR-2021 to 31-MAR-2021 |
| PERIOD |
USD |
GBP |
EUR |
YEN |
CAD |
AUD |
SGD |
| 1 Year and above but less than 2 Years |
0.97 |
0.35 |
0.00 |
0.00 |
0.62 |
0.65 |
0.37 |
| 2 Years and above but less than 3 Years |
1.01 |
0.50 |
0.00 |
0.00 |
0.68 |
0.72 |
0.47 |
| 3 Years and above but less than 4 Years |
1.19 |
0.63 |
0.00 |
0.00 |
0.92 |
0.87 |
0.65 |
| 4 Years and above but less than 5 Years |
1.40 |
0.50 |
0.00 |
0.00 |
1.18 |
0.65 |
0.84 |
| 5 Years only |
1.62 |
0.61 |
0.00 |
0.00 |
1.40 |
0.92 |
1.02 |
| Interest rates on RFC Deposits from 01-MAR-2021 to 31-MAR-2021 |
| PERIOD |
USD |
GBP |
EUR |
SGD |
| 1 Year and above but less than 2 Years |
0.97 |
0.35 |
0.00 |
0.37 |
| 2 Years and above but less than 3 Years |
1.01 |
0.50 |
0.00 |
0.47 |
| 3 years |
1.19 |
0.63 |
0.00 |
0.65 |
# Libor Rates as Declared by FEDAI #
* Penal interest of 1 % for premature closure of Deposits
Personal Banking