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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 7th, September 2009
| Period |
Rate |
Rate |
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Single Deposit of < Rs.15.00 lacs per annum
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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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----
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| 15 days to 45 days |
3.25%
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3.25%
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Rates to be |
| 46 days to 90 days |
4.25%
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4.25%
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Obtained from |
| 91 days to 179 days |
5.50%
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5.50%
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Head Office - (Treasury |
| 180 days to less than 1 year |
6.25%
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6.25%
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Dept.) on a daily basis. |
| 1 year to 3 years |
7.25%
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7.25%
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Premature closure |
| Above 3 years to 5 years |
7.50%
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7.50%
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penalty also will be obtained |
| Above 5 years |
8.00%
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8.00%
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from 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 February 2010
| Period |
Rate |
| 1 Year to less than 2 years |
2.60% per annum
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| 2 years to less than 3 years |
2.91% per annum
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| 3 years upto and inclusive of 10 years |
3.53% 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 February 2010
| Period |
USD |
GBP |
EURO |
| 1 year to less than 2 yrs |
1.85%
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2.26%
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2.20%
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| 2 years to less than 3 yrs |
2.16%
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2.75%
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2.68%
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| 3 years to less than 4 yrs |
2.78%
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3.36%
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3.08%
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| 4 years to less than 5 yrs |
3.29%
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3.81%
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3.37%
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| 5 years |
3.71%
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4.14%
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3.63%
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RFC ACCOUNT
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Interest rate per annum on RFC Deposits with effect from 1st January 2010
| Period |
USD |
GBP |
EURO |
| 1 year to less than 2 yrs |
1.98%
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2.25%
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2.22%
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| 2 years to less than 3 yrs |
2.39%
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3.03%
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2.75%
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| 3 years only |
3.04%
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3.35%
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3.68%
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| Savings Bank A/c |
0.50%
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2.00%
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1.00%
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