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Interest Rate - Deposits   
Domestic deposits        Non Resident deposits       RFC Accounts     

 

Domestic Deposits

NATURE 

RATE OF INTEREST %

ACCOUNT 

Normal  Senior Citizen 
Savings Bank A/c
A. Domestic / NRO 
a.With Cheque book facility 4.00 4.00
b.Without Cheque book facility  4.00 4.00
c.No Frills Account  4.00 4.00
B. NRE
a.With Cheque book facility 4.00 4.00
b.Without Cheque book facility  4.00 4.00
 

A. Savings Bank Deposits
 
(Domestic/NRO)- 4.00% per annum  ( w.e.f  03.05.2011)

 B. Term Deposits  (Domestic/NRO)   (w. e. f.  01.04.2013)             

 

1)      Rupee Deposits under Domestic, NRO segments  Deposit for all amounts w.e.f 08-01-2014

 

 

Period

(percentage per annum)
Senior Citizen

7 days to 14 days

7.50

7.50

15 days to 45 days

7.50

7.50

46 days to 90 days

8.25

8.25

91 days to 180 days

7.00

7.00

181 days to 364 days

7.50

7.50

1 year and above but below  2 years (Navavarsha Deposit Campaign)*

9.10

9.40

2 years and above but below  3 years

8.75

9.25

1000 days

8.75

9.25

3 years and above  but below 5 years

8.50

9.00
5 years and above upto 10 years
8.50
9.00

* Navavarsha Deposit Campaign Annualized Rate Of Return for 1 Year : 9.41 %

 

TWINKLE THRIFT DEPOSIT SCHEME

For children below the age of 18 years

Period(Years)

Rate of Interest (%p.a)

Annualised Yield (% p.a.)

3

9

10.20

4

9

10.69

5

9

11.21

6

9

11.76

7

9

12.35

8

9

12.97

9

9

13.64

10

9

14.35

 

 

ANUPAMA DEPOSIT SCHEME FOR 1111 DAYS

 

Period(Days)

Rate of Interest (%p.a)

Annualised Yield (% p.a.)

Resident Indians/ NRIs

1111

9.25

10.52

Resident Senior Citizen

1111

9.55

10.90

Senior citizen retired from SBT

1111

10.55

12.22

 

 

 

The following terms and conditions will be applicable:

 

1)      The above interest rates shall be applicable to all domestic term deposits under all segments as well as to NRO Term deposits..  

2)      Prior approval from Head Office is mandatory for accepting deposits for an amount of Rs.1 crore and above.  

3)      Senior Citizens (Residents of age 60 years and above) will be paid additional interest for  deposits of one year and above. In such case, the minimum Deposit amount will be Rs.5,000/-  

4)      The above rates shall be  applicable to Deposits under Capital Gains Scheme, 1988  (irrespective of the amount of deposit), Unit Deposit, Tax Saver Term Deposit scheme (2006).  No differential rate / No additional interest is payable for senior citizens / staff members.  

5)      Term Deposits, in respect of which no instructions are received from the depositors, either at the time of placing the deposit or at the time of maturity of deposit, shall be renewed automatically on the date of maturity.  Such automatic renewal shall be done for a period similar to the period of original deposit.  However, the rate of interest shall be the card rate prevailing on the date of maturity / renewal.  

6)      Premature payment will be allowed on such term deposits.   However, no interest will be paid if the premature withdrawal takes place within 7 days.  If the premature withdrawal of domestic deposits is made after 7 days, interest will be paid at 1% below the rate of interest applicable for the period the deposit remained with the Bank. (Applicable rate is the rate of interest for the period prevailing on the date of deposit). There shall be  no discretion for reduction / waiver of penalty for premature withdrawal of term deposits.  However, penalty shall not be applicable for premature closure of deposits belonging to staff and retired staff members.  

7)  In respect of deposits of Rs.1.00 crore and above, premature withdrawal is permitted  for deposits above Rs.1 crore.  However, no interest will be paid if the premature withdrawal takes place within 7 days .  If the premature withdrawal made after 7 days, interest will be paid at 1% below the applicable rate  (i.e. the rates prevailing on the date of deposit)  of interest for the period the deposit remained with the  Bank.  

8)    In respect of deposits of above Rs.10.00 crore, Premature withdrawal is  allowed. However, no interest will be paid if the premature withdrawal takes place within and inclusive of 7 days.  If the premature withdrawal made after 7 days, interest will be paid at 1% below the applicable rate (i.e. the rates prevailing on the date of deposit) of interest for the period the deposit remained with the  Bank.  

9)   There is no penalty for premature closure of Term deposits, if the amount is reinvested and the reinvested term deposit remains with the bank for a period longer than the remaining period of the original term. However, deposits for an amount of Rs.1 crore and above, will be accepted for reinvestment at the sole discretion of the Bank.  

10)  There is no discretion for reduction/waiver of penalty for premature withdrawal of term deposits.  

11)  These instructions for premature withdrawals will apply only to fresh deposits and renewed maturing deposits.  

 

2)       AISWARYA SPECIAL DEPOSIT SCHEME - 2013  

Term of Deposit  400 days only
Eligible depositors Rupee Deposit Under Domestic/NRO Segments for All Amounts
Rate of Interest

9.10 % p.a

9.40% (Senior Citizen)- For Domestic Deposits Only

Effective Date From 08-01-2014
Loan Facility against this deposit Available
Premature closure Allowed.(Conditions apply)
Annualised Return Rate 400 days-9.45

RUPEE DEPOSITS UNDER NON-RESIDENT INDIAN (NRE) SEGMENT

      

1)      Rupee Deposits under NRE segment Deposit for all amounts w.e.f 09/07/2013

 

Period

Percentage per annum

1 year and above but below  2 years

8.75

2 years and above but below  3 years

8.75

3 years and above  but below 5 years

8,50

5 years and above upto 10 years

8.50

 

Conditions for premature withdrawal:  

a)Prior approval from Head Office is mandatory for accepting deposits for an amount of Rs.1 crore and above.  

b) Premature payment will be allowed on term deposits below Rs. 1.00 crore.  However, no interest will be paid if the premature withdrawal takes place within one year from the date of deposit. In respect of premature withdrawal after one year, interest will be paid at 1% below the rate of interest applicable for the period the deposit remained with the Bank.( Applicable rate is the rate of interest for the period prevailing on the date of deposit ). There shall be  no discretion for reduction / waiver of penalty for premature withdrawal of term deposits.   

c) There shall be no penalty for premature closure of Term deposits, if the amount is reinvested and the reinvested term deposit remains with the bank for a period longer than the remaining period of the original term. 

d)Premature payment will be allowed on term deposits above Rs. 1.00 crore.  However, no interest will be paid if the premature withdrawal takes place within one year from the date of deposit. In respect of premature withdrawal after one year, interest will be paid at 1% below the rate of interest applicable for the period the deposit remained with the Bank.( Applicable rate is the rate of interest for the period prevailing on the date of deposit ). There shall be  no discretion for reduction / waiver of penalty for premature withdrawal of term deposits.   

 

    

Interest Rates For FCNR Deposits
(w.e.f. 04-04-2014)

 

  Period of Deposit

USD

GBP

EURO

JPY

CAD

AUD

CHF

SGD

HKD

1 year to less than 2 years

2.56

2.91

2.55

2.34

3.47

4.71

2.19

2.36

2.50

2 years to less than 3 years

2.59

3.49

2.49

2.20

3.40

4.96

2.11

2.68

2.81

3 years to less than 4 years

4.05

4.82

3.64

3.22

4.61

6.23

3.21

4.09

4.23

4 years to less than 5 years

4.48

5.07

3.82

3.27

4.86

6.53

3.35

4.50

4.65

5 years

4.85

5.29

4.01

3.34

5.09

6.74

3.51

4.82

4.98

 

FCNR Annualized Yield (Approximately)

 

  Period of Deposit

USD

GBP

EURO

JPY

CAD

AUD

CHF

SGD

HKD

1 year to less than 2 years

2.57

2.93

2.56

2.35

3.50

4.76

2.20

2.37

2.51

2 years to less than 3 years

2.64

3.58

2.53

2.23

3.48

5.14

2.14

2.73

2.86

3 years to less than 4 years

4.26

5.11

3.80

3.35

4.88

6.73

3.34

4.30

4.46

4 years to less than 5 years

4.84

5.54

4.08

3.46

5.29

7.32

3.55

4.87

5.04

5 years

5.41

5.96

4.39

3.60

5.71

7.85

3.80

5.37

5.57

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Indicative Rates For Rupee Premium Deposits
(As on 04-04-2014)

CURRENCY
SPOT RATE
FORWARD RATE
RETURN RATE
AUD

56.14

58.95

10.01

CHF

68.17

73.75

10.60

SGD

47.91

51.62

10.30

HKD

7.79

8.23

8.30

CAD

54.90

58.63

10.57

EUR

83.10

89.57

10.55

GBP

100.49

108.00

10.66

JPY

59.18

63.94

10.63

USD

60.45

65.21

10.68

 

RFC Accounts (in USD)
With effect from 04-04-2014

RFC Savings Bank account

0.50

RFC Term Deposits - 6 months to less than 1 year

1.00

RFC Term Deposits - 1 year to less than 2 years

2.56

RFC Term Deposits - 2 years to less than 3 years

2.59

RFC Term Deposits - 3 years only

4.05

...  

 

Annualised Rate of Deposit Interest Rate

Period

Rate of interest

Annualised rate

6 months

7.50
7.57

1 year

9.10
9.41

2 years

8.75
9.45

1000 days

8.75
9.77

3 years

8.50
9.56

4 years

8.50
9.99

5 years

8.50
10.45

6 years

8.50
10.94

7 years

8.50
11.45
8 years
8.50
11.99
9 years
8.50
12.57
10 years
8.50
13.18

400 days

9.10
9.45