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deposit interest rate

DOMESTIC TERM DEPOSITS (Including MSD) from 09.01.2019
Period
 Rate of Interest % p.a
General Senior Citizens
Less than Rs.1 Crore
7 days to 90 days 6.25% 6.25%
91 days to 180 days 6.75% 6.75%
181 days to 364 days 7.00% 7.00%
365 days - 499 days 7.35% 7.50%
501 days to 5 years 7.35% 7.50%
Above 5 years and upto 10 years 6.70% 6.95%
Tax Saver Schemes (both for General category and Senior Citizens) ROI p.a  7.50%
Savings A/C: Rate of interest will be 4.00% P.a

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 09-01-2019
PERIOD Rate of Interest % p.a
365 days - 499 days 7.35%
501 days  to 5 years 7.35%
Above 5 Years and upto 10 Years 6.70%
NRE Savings A/C: From 03-05-2011  rate of interest will be 4.00% P.a

 

CUB 500 days
From 09-01-2019
PERIOD Rate of Interest % p.a
  General Senior Citizens
CUB 500 days Domestic 7.75% 8.00%
CUB 500 days NRE/NRO 7.75% 7.75%

 

Interest rates for FCNR (B) Deposits for the period 01.01.2019 to 31.01.2019
PERIOD USD GBP EUR YEN CAD AUD  SEK SGD
1 Year and above but less than 2 Years 4.00 2.26 1.04 1.28 3.79 3.23 1.18 3.10
2 Year and above but less than 3 Years 3.91 2.42 1.09 1.28 3.50 3.19 1.32 3.09
3 Year and above but less than 4 Years 4.10 2.73 1.44 1.52 3.75 3.45 1.71 3.34
4 Year and above but less than 5 Years 4.08 2.79 1.56 1.52 3.77 3.67 1.87 3.37
5 Years only 4.11 2.83 1.71 1.53 3.80 3.75 2.02 3.42
Interest rates on RFC Deposits
PERIOD USD GBP EUR SGD
1 Year and above but less than 2 Years 4.00 2.26 1.04 3.10
2 Years and above but less than 3 Years 3.91 2.42 1.09 3.09
3 years 4.10 2.73 1.44 3.34

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