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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 8th, June 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 |
4.00%
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4.00%
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Rates to be |
| 46 days to 90 days |
5.00%
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5.00%
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Obtained from |
| 91 days to 179 days |
6.00%
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6.00%
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Head Office - (Treasury |
| 180 days to less than 1 year |
6.50%
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6.50%
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Dept.) on a daily basis. |
| 1 year to 2 years |
7.75%
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7.75%
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Premature closure |
| Above 2 years to 3 years |
7.75%
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7.75%
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penalty also will be obtained |
| Above 3 years to 5 years |
8.00%
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8.00%
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from Treasury Dept. |
| Above 5 years |
8.00%
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8.00%
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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 2009
| Period |
Rate |
| 1 Year to less than 2 years |
3.36% per annum
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| 2 years to less than 3 years |
3.28% per annum
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| 3 years upto and inclusive of 10 years |
3.87% 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 2009
| Period |
USD |
GBP |
EURO |
| 1 year to less than 2 yrs |
2.61%
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2.70%
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2.50%
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| 2 years to less than 3 yrs |
2.53%
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3.32%
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2.84%
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| 3 years to less than 4 yrs |
3.12%
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4.02%
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3.30%
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| 4 years to less than 5 yrs |
3.57%
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4.46%
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3.64%
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| 5 years |
3.93%
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4.72%
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3.91%
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RFC ACCOUNT
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Interest rate per annum on RFC Deposits with effect from 1st July 2009
| Period |
USD |
GBP |
EURO |
| 1 year to less than 2 yrs |
2.61%
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2.70%
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2.50%
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| 2 years to less than 3 yrs |
2.53%
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3.32%
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2.84%
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| 3 years only |
3.12%
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4.02%
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3.30%
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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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