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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 01.04.2019 to 30.04.2019
PERIOD USD GBP EUR YEN CAD AUD  SEK SGD
1 Year and above but less than 2 Years 3.78 2.12 1.03 1.25 3.47 2.87 1.31 3.18
2 Year and above but less than 3 Years 3.61 2.22 1.05 1.22 3.14 2.78 1.36 3.16
3 Year and above but less than 4 Years 3.78 2.51 1.38 1.46 3.35 3.02 1.70 3.40
4 Year and above but less than 5 Years 3.75 2.55 1.44 1.46 3.35 3.19 1.78 3.41
5 Years only 3.76 2.59 1.54 1.47 3.38 3.25 1.88 3.44
Interest rates on RFC Deposits
PERIOD USD GBP EUR SGD
1 Year and above but less than 2 Years 3.78 2.12 1.03 3.18
2 Years and above but less than 3 Years 3.61 2.22 1.05 3.16
3 years 3.78 2.51 1.38 3.40

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