deposit interest rate

DOMESTIC TERM DEPOSITS (Including MSD) from 09.02.2018
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 - 999 days 7.10% 7.35%
1001 days to 5 years 7.10% 7.35%
Above 5 years and upto 10 years 6.70% 6.95%
Tax Saver Schemes (both for General category and Senior Citizens) ROI p.a  7.10%

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 09-02-2018
PERIOD Rate of Interest % p.a
365 days - 999 days 7.10%
1001 days  to 5 years 7.10%
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 1000 DAYS DEPOSIT
From 09-02-2018
PERIOD Rate of Interest % p.a
CUB 1000 days @ 7.50%
 

@ - Applicable only for Individual deposits, No concession allowed, Senior citizen rate is not applicable

The interest rate for the Product ‘CUB 1000’ is valid up to 31.03.2018.

Interest rates for FCNR (B) Deposits for the period 01.04.2018 to 30.04.2018
PERIOD USD GBP EUR YEN CAD AUD  SEK SGD
1 Year and above but less than 2 Years 3.40 1.94 0.74 1.04 3.11 2.97 0.66 2.69
2 Year and above but less than 3 Years 3.53 2.13 0.85 1.06 3.24 3.06 0.86 2.87
3 Year and above but less than 4 Years 3.61 2.25 1.03 1.08 3.35 3.17 1.09 3.01
4 Year and above but less than 5 Years 3.67 2.32 1.21 1.09 3.41 3.43 1.32 3.10
5 Years only 3.70 2.37 1.38 1.11 3.44 3.52 1.53 3.18
Interest rates on RFC Deposits
PERIOD USD GBP EUR SGD
1 Year and above but less than 2 Years 3.40 1.94 0.74 2.69
2 Years and above but less than 3 Years 3.53 2.13 0.85 2.87
3 years 3.61 2.25 1.03 3.01

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