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deposit interest rate

DOMESTIC TERM DEPOSITS (Including MSD) from 27.04.2020
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 4.50% 4.50%
271 days to 364 days 5.25% 5.25%
1 year 6.00% 6.50%
Above 1 year to 5 years 5.50% 5.50%
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 27-04-2020
PERIOD Rate of Interest % p.a
1 year 6.00%
Above 1 year 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-JUNE-2020 to 30-JUNE-2020
PERIOD USD GBP EUR YEN CAD AUD SGD
1 Year and above but less than 2 Years 1.05 0.45 0.00 0.00 0.85 0.68 0.30
2 Years and above but less than 3 Years 1.02 0.52 0.00 0.00 0.59 0.74 0.33
3 Years and above but less than 4 Years 1.04 0.51 0.00 0.00 0.65 0.79 0.39
4 Years and above but less than 5 Years 1.08 0.27 0.00 0.00 0.72 0.40 0.46
5 Years only 1.13 0.30 0.00 0.00 0.78 0.48 0.52

 

Interest rates on RFC Deposits from 01-JUNE-2020 to 30-JUNE-2020
PERIOD USD GBP EUR SGD
1 Year and above but less than 2 Years 1.05 0.45 0.00 0.30
2 Years and above but less than 3 Years 1.02 0.52 0.00 0.33
3 years 1.04 0.51 0.00 0.39

# Libor Rates as Declared  by FEDAI #
* Penal interest of 1 % for premature closure of Deposits

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