Interest Rate - Deposits Domestic
deposits Non Resident
deposits RFC Accounts
Domestic
Deposits
NATURE |
RATE OF INTEREST % |
MINIMUM
BALANCE |
ACCOUNT |
Normal |
Senior Citizen |
Rural |
Semi Urban |
Urban |
| Savings Bank A/c |
|
| A. Domestic / NRO |
|
|
|
|
|
| a.With Cheque book facility |
4.00 |
4.00 |
1000 |
1000 |
1000 |
| b.Without Cheque book facility |
4.00 |
4.00 |
500 |
500 |
500 |
| c.No Frills Account |
4.00 |
4.00 |
NA |
NA |
NA |
| B. NRE |
|
|
|
|
|
| a.With Cheque book facility |
4.00 |
4.00 |
1000 |
1000 |
1000 |
| b.Without Cheque book facility |
4.00 |
4.00 |
500 |
500 |
500 |
|
A.
Savings Bank Deposits
(Domestic/NRO)-
4.00%
per annum ( w.e.f
03.05.2011)
B.
Term
Deposits (Domestic/NRO) (w. e. f.
01.12.2011)
For
amount less than Rs. 1 crore only.
|
|
Period
|
Rates
|
|
15
days to 45 days
|
7.00
|
|
46 days to 90
days
|
7.00
|
|
91 days to 179
days
|
7.25
|
|
180 days to
less than 1 year
|
8.75
|
|
1
year to less than 2 year
|
9.50
|
|
500 days
|
9.50
|
|
2 year to less
than 3 year
|
9.50
|
|
1000 days
|
9.50
|
|
3 years to less
than 5 years
|
9.50
|
|
5 years to less
than 8 years
|
9.50
|
|
8 years and
upto 10 years
|
9.50
|
For deposits above Rs.15 lacs from 500
days onwards will get 0.10% interest extra.
|
Term
deposits for maturity period of 7 days to 14 days may
to be accepted only for amounts of Rs 1 crore and
above.
|
- The
revised rates are applicable for new deposits and renewal
of maturing deposits.
- 0.50%
Above the normal rate of interest is applicable for
Resident Senior Citizens (Any person who is 60 Years of
age and above) having deposits of Rs.5,000/- and above for
more than one year, except deposits under Capital Gains
Account 1988 scheme.
|
|
Interest
Rates for Bulk Deposit Rs.1.00 cr and above.
[ Please refer such cases to Head Office ]
·
Interest to be paid on premature withdrawal of
term deposits at 1.00% below the rate applicable for the period deposit has
remained with the Bank.
Non
Resident Deposits
NRE Savings Bank - 4.00% per annum (w.e.f 03.05.2011)
Interest Rates for
NRE Fixed Deposits
( With Effect From 07-01-2012 )
Period of deposit |
Percentage of Interest |
| Less than Rs. 1 Crore |
Rs. 1 Crore and above |
| 1 year to less than 2
years |
9.50 % |
9.50 % |
| 2 year to less than 3
years |
9.50 % |
9.50 % |
| 3 years above and upto 5
years |
9.25 % |
9.25 % |
| Above 5
years upto 10 years |
9.25 % |
8.75 % |
Interest Rates For
FCNR Deposits
(w.e.f. 01-01-2012)
Period of
Deposit |
USD |
GBP
|
EURO |
AUD |
CAD |
JPY |
1
year to less than 2 years |
2.38
% |
3.12 % |
3.16 % |
6.13 % |
3.06 % |
1.80 % |
| 2 years to less than 3
years |
2.00 % |
2.59 % |
2.57 % |
5.14 % |
2.39
% |
1.63 % |
| 3 years to less than 4
years |
2.11 % |
2.62
% |
2.64 % |
5.18 % |
2.47 % |
1.65 % |
| 4 years to less than 5
years |
2.30 % |
2.71 % |
2.80 % |
5.45 % |
2.58 % |
1.70 % |
| 5 years |
2.51 % |
2.81
% |
3.00 % |
5.57
% |
2.71 % |
1.75 % |
RFC
Accounts (in USD)
With effect from 01-01-2012
| 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 |
2.38 % |
| RFC Term Deposits - 2 years to less than 3 years |
2.00 % |
| RFC Term Deposits - 3 years only |
2.11 % |
|
