Revision of interest rate for Domestic Term Deposits & NRO Deposits from 01.09.2024


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 332 days 6.50% 6.75%
333 days 7.50% 8.00%
334 days to 400 days 7.00% 7.25%
401 days to 3 Years 6.50% 6.75%
Above 3 Years upto 10 Years 6.25% 6.50%
Tax Saver 7.10% 7.10%
For *NRO deposits, the above rates under General category will alone be applicable i.e., senior citizen rate & super senior citizen rate is not applicable.

Super Senior citizen from 09.09.2024


Period Rate of Interest % p.a
Super Senior Citizens
7 days to 14 days 5.00%
15 days to 45 days 5.50%
46 days to 90 days 5.75%
91 days to 180 days 6.00%
181 days to 270 days 6.50%
271 days to 332 days 6.75%
333 days 8.10%
334 days to 400 days 7.30%
401 days to 3 Years 6.75%
Above 3 Years upto 10 Years 6.50%
Tax Saver 7.10%

NRE TERM DEPOSITS (Senior citizen & Super senior citizen rate not applicable)
From 01-09-2024
PERIOD Revised ROI(%)
365 days to 400 days 8.00%
401 days to 3 Years
6.50%
Above 3 Years up to 10 Years
6.25%

Domestic/NRO Rupee Term deposits above Rs 1.00 Cr and below Rs 3.00 Cr for "CUB Deposit Plus - Non callable Deposit"
From 18-09-2024
Particulars General Senior Citizens
Non Callable (Above 1 Cr and below 3Crs) Non Callable (Above 1 Cr and below 3Crs)
91 to 180 Days 6.00% 6.00%
181 to 270 Days 6.25% 6.50%
271 to 332 Days 6.50% 6.75%
333 Days 7.85% 8.05%
334 to 400 Days
7.10% 7.35%
401 Days to 3 years 6.60% 6.85%
Above 3 Years up to 10 Years 6.25% 6.50%
For *NRO deposits, the above rates under General category will alone be applicable i.e., senior citizen rate & super senior citizen rate is not applicable.

Bulk deposit (Single Rupee term deposits of Rs.3.00 Crores and above) subject to prior approval from Treasury Department.


Super Senior citizen from 18.09.2024


Period Rate of Interest % p.a
Super Senior Citizens
Non Callable (Above 1 Cr and below 3Crs)
91 to 180 Days 6.00%
181 to 270 Days 6.50%
271 to 332 Days 6.75%
333 Days 8.25%
334 to 400 Days 7.35%
401 Days to 3 years 6.85%
Above 3 Years up to 10 Years 6.50%

NRE TERM DEPOSITS (Senior citizen & Super senior citizen rate not applicable)
From 01-09-2024
PERIOD Revised ROI(%)
365 days to 400 days 7.10%
401 days to 3 Years
6.60%
Above 3 Years up to 10 Years
6.25%

Domestic/NRO Rupee Term deposits of Rs.3.00 Cr (Bulk Deposit) and above
From 21-10-2024 Callable Bulk Deposit
Period ROI(%)
Rs. 3 Cr to < Rs. 05 Cr Rs. 5 Cr to < Rs. 10 Cr Rs. 10 Cr < Rs. 15 Cr Rs. 15 Cr to < Rs. 25 Cr Rs. 25 Cr to < Rs. 75 Cr Rs. 75 Cr to Rs. 250 Cr
7 days to 14 days 5.50% 5.50% 6.10% 6.40% 6.45% 6.45%
15 days to 45 days 5.75% 5.75% 6.20% 6.40% 6.45% 6.45%
46 days to 90 days 6.50% 6.50% 6.50% 6.85% 6.85% 6.85%
91 days to 180 days 6.60% 6.60% 6.70% 6.90% 6.90% 7.00%
181 days to 270 days 6.85% 6.85% 6.95% 7.20% 7.20% 7.20%
271 days to 332 days 6.90% 7.05% 7.10% 7.40% 7.40% 7.40%
333 days
7.60% 7.60% 7.60% 7.95% 8.00% 8.00%
334 days to 400 days 7.65% 7.65% 7.95% 8.00% 8.10% 8.10%
401 days to 3 years 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%


NRE Rupee Term deposits of Rs.3.00 Cr (Bulk Deposit) and above
From 21-10-2024 Callable Bulk Deposit
Period ROI(%)
Rs. 3 Cr to < Rs. 05 Cr Rs. 5 Cr to < Rs. 10 Cr Rs. 10 Cr < Rs. 15 Cr Rs. 15 Cr to < Rs. 25 Cr Rs. 25 Cr to < Rs. 75 Cr Rs. 75 Cr to  Rs. 250 Cr
365 Days to 400 days 7.65% 7.65% 7.95% 8.00% 8.10% 8.10%
401 Days to 3 years 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%

Domestic/NRO Rupee Term deposits of Rs.3.00 Cr (Bulk Deposit) and above
From 21-10-2024 Non Callable Bulk Deposit-CUB Deposit PLUS
Period ROI(%)
Rs. 3 Cr to < Rs. 05 Cr Rs. 5 Cr to < Rs. 10 Cr Rs. 10 Cr < Rs. 15 Cr Rs. 15 Cr to < Rs. 25 Cr Rs. 25 Cr to < Rs. 75 Cr Rs. 75 Cr to Rs. 250 Cr
7 days to 14 days -- --

--

--

--
--
15 days to 45 days

--

--

--

--

--
--
46 days to 90 days -- --
--
--
-- --
91 days to 180 days 6.70%

6.70%

6.80%

7.00%

7.00%

7.10%

181 days to 270 days

7.00%

7.00%

7.10%

7.35%

7.35%

7.35%

271 days to 332 days 7.10% 7.25% 7.30% 7.60% 7.60% 7.60%
333 days 7.85%

7.85%

7.90%

8.00%

8.05%

8.05%

334 days to 400 Days 7.75% 7.85%

8.00%

8.10%

8.10%

8.10%
401 Days to 3 years -- ---- -- --
--
Above 3 years to 10 years -- --
-- -- -- --


NRE Rupee Term deposits of Rs.3.00 Cr (Bulk Deposit) and above
From 21-10-2024 Non Callable Bulk Deposit-CUB Deposit PLUS
Period ROI(%)
Rs. 3 Cr to < Rs. 05 Cr Rs. 5 Cr to < Rs. 10 Cr Rs. 10 Cr < Rs. 15 Cr Rs. 15 Cr to < Rs. 25 Cr Rs. 25 Cr to < Rs. 75 Cr Rs. 75 Cr to Rs. 250 Cr
365 Days to 400 days 7.75%

7.85%

8.00%

8.10%

8.10%

8.10%

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 04-10-2024
PERIOD USD GBP EUR YEN CAD AUD SGD
1 Year and above but less than 2 Years 5.60% 5.25% 4.00% 0.20% 4.65% 4.50% 4.00%
2 Years and above but less than 3 Years 4.75% 4.75% 2.50% 0.20% 4.60% 4.35% 0.75%
3 Years and above but less than 4 Years 4.50% 4.00% 2.00% 0.20% 4.60% 4.25% 0.00%
4 Years and above but less than 5 Years 4.50% 4.00% 2.00% 0.20% 4.00% 4.25% 0.00%
5 Years only 4.50% 4.00% 2.00% 0.20% 4.00% 4.25% 0.00%



Interest rates on RFC Deposits with effect from 04-10-2024
PERIOD USD GBP EUR SGD
1 Year and above but less than 2 Years 5.60% 5.25% 4.00% 0.75%
2 Years and above but less than 3 Years 4.75% 4.75% 2.50% 0.75%
3 years 4.50% 4.00% 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: 21-10-2024 05:33:34 PM

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