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.