Deposit Rates

Savings Bank Deposits (Including NRE and NRO deposits)

Interest on Saving Bank accounts(Including NRE and NRO deposits) 4.00 %

Interest on Domestic Term Deposits (Including NRE and NRO deposits)

The Domestic Term Deposit rates with effect from November 01st, 2018 are as follows :

For deposits less than Rs. 1 crore

Maturity Period Rate of Interest
7-15 days 5.00%
16-45 days 5.50%
46-90 days 5.75%
91-180 days 6.00%
181-365 days 5.75%
>1 year – 2 years 5.00%
>2 years 5.00%

For deposits Rs. 1 crore and above

Tenor Rates
7-15 days 5.50%
16-45 days 5.75%
46-90 days 6.00%
91-180 days 6.25%
181-365 days 6.00%
>1year – 2years 5.75%
>2 years 5.75%

Note : Rates are subject to change without prior notice

Pre-mature withdrawal

On pre-mature withdrawal of the deposit :

  • Interest will be calculated at the rate applicable for the period the deposit has actually remained with the Bank
  • No interest will be paid for deposits that are liquidated in less than 7 days from the date of opening of the TD a/c
  • Penal Interest of 1% will be levied on pre-mature withdrawals of term deposits

FCNR (B) Deposit Rates (w.e.f 01 st November 2018 )
Currency Tenor Deposit Rate
USD 1Y1d-2Y 1.00

Note: For tenors other than above mentioned rates would be on referral basis.

For all other maturity periods, rates will be quoted on referral basis.

Humanising Financial Services Across Asia.