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deposit interest rate

DOMESTIC TERM DEPOSITS (Including MSD) from 10.06.2019
Period
 Rate of Interest % p.a
General Senior Citizens
Less than Rs.2 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%
1 year 7.35% 7.50%
Above 1 year to 5 years 7.00% 7.25%
Above 5 years and upto 10 years 6.70% 6.95%
Tax Saver Schemes (both for General category and Senior Citizens) ROI p.a  7.35%
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 10-06-2019
PERIOD Rate of Interest % p.a
1 year 7.35%
Above 1 year to 5 years 7.00%
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

 

Interest rates for FCNR (B) Deposits for the period 01.07.2019 to 31.07.2019
PERIOD USD GBP EUR YEN CAD AUD  SEK SGD
1 Year and above but less than 2 Years 3.24 2.05 0.90 1.20 3.35 2.33 1.19 2.99
2 Year and above but less than 3 Years 3.03 2.09 0.88 1.16 3.04 2.29 1.19 2.90
3 Year and above but less than 4 Years 3.22 2.35 1.15 1.39 3.24 2.55 1.48 3.14
4 Year and above but less than 5 Years 3.22 2.37 1.21 1.38 3.22 2.66 1.53 3.17
5 Years only 3.26 2.40 1.28 1.39 3.23 2.72 1.62 3.21

 

Interest rates on RFC Deposits
PERIOD USD GBP EUR SGD
1 Year and above but less than 2 Years 3.24 2.05 0.90 2.99
2 Years and above but less than 3 Years 3.03 2.09 0.88 2.90
3 years 3.22 2.35 1.15 3.14

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