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Interest Rates
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Select category
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DOMESTIC DEPOSITS (Also applicable for NRO Accounts)
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Interest rate on Domestic Deposits with effect from 30th July, 2010
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| Period |
Rate |
Rate |
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Single Deposit of less than Rs.15.00 lacs per annum |
Single Deposit of Rs. 15.00 lacs to (incl) Rs.100.00 lacs |
Single Deposit of above Rs. 100.00 lacs |
| 7 days to 14 days |
-- |
-- |
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| 15 days to 45 days |
3.25% |
3.25% |
Rates to be obtained |
| 46 days to 90 days |
4.25% |
4.25% |
from Head Office - |
| 91 days to 179 days |
5.50% |
5.50% |
(Treasury Dept.) on a |
| 180 days to less than 1 year |
6.25% |
6.25% |
daily basis. Premature |
| 1 year to 3 years |
7.50% |
7.50% |
closure penalty also |
| Above 3 years to 5 years |
7.50% |
7.50% |
will be obtained from |
| Above 5 years |
8.00% |
8.00% |
Treasury Dept. |
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Special rates for resident senior citizens, individually or jointly with another resident citizen : 0.50%
Premature closure penalty of 0.50% for all fresh deposits and deposits renewed afresh upto Rs.15.00 lacs. 1% premature closure penalty for deposits above Rs.15.00 lacs.
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NRE DEPOSITS
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Interest rate on NRE Deposits with effect from 1st July 2010
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| Period |
Rate |
| 1 Year to less than 2 years |
2.92% per annum |
| 2 years to less than 3 years |
2.72% per annum |
| 3 years upto and inclusive of 10 years |
3.08% per annum |
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FCNR(B) DEPOSITS
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Interest rate per annum on FCNR(B) Deposits with effect from 1st July 2010
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| Period |
USD |
GBP |
EURO |
AUD |
| 1 year to less than 2 yrs |
2.17% |
2.46% |
2.29% |
6.56% |
| 2 years to less than 3 yrs |
1.97% |
2.43% |
2.35% |
5.90% |
| 3 years to less than 4 yrs |
2.33% |
2.80% |
2.58% |
6.02% |
| 4 years to less than 5 yrs |
2.71% |
3.16% |
2.83% |
6.24% |
| 5 years |
3.05% |
3.45% |
3.07% |
6.34% |
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RFC ACCOUNT
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Interest rate per annum on RFC Deposits with effect from 1st July 2010
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| Period |
USD |
GBP |
EURO |
| 1 year to less than 2 yrs |
2.17% |
2.46% |
2.29% |
| 2 years to less than 3 yrs |
1.97% |
2.43% |
2.35% |
| 3 years |
2.33% |
2.80% |
2.58% |
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