Interest Rates

  • Domestic Deposits
  • Non-resident Deposits

Domestic Deposits

Interest Rates on Domestic Term Deposits(% Per Annum)
(Effective from 03-03-2017)
Period Below 1 Crore  1 Crore & Above
7 to 14 days (Minimum amount of deposit Rs 5 lac) 3.50% 3.00%
15 days to 29 days 4.00% 3.50%
30 days to 90 days 5.00% 4.50%
91 days to 179 days 5.50% 5.00%
180 days to less than 1 year 6.25% 5.75%
1 Year 6.50% 6.00%
Above 1 Year to less than 3 Years 6.50% 6.00%
3 Years 6.75% 6.25%
Above 3 Years to and including 10 Years 6.50% 6.00%
Interest Rate for Acharya Deposits effective from 03-03-2017
Period Below 1 Crore 1 Crore & Above
180 days to less than 1 Year 6.75% 5.75%
1 Year 7.00% 6.00%
Above 1 Year to less than 3 Years 7.00% 6.00%
3 Years 7.25% 6.25%
Above 3 Years to and including 10 Years 7.00% 6.00%

Effective from 01.01.2007, where term deposits (opened on or after 01.01.2007) are closed prematurely, the rate of interest payable shall be the one as applicable for the period for which the deposit actually remained with the bank, ruling on the date of the deposit, less 1% penalty.

Annualised Yield for Domestic Term Deposits (% Per Annum)
Period Deposits of less than Rs 100 lac
1 Year 6.66%
2 Years 6.88%
3 Years 7.41%
4 Years 7.36%
5 Years 7.61%
6 Years 7.87%
7 Years 8.15%
8 Years 8.44%
9 Years 8.74%
10 Years 9.06%
ACHARYA DEPOSITS
Period Below 1 Crore
1 Year 7.19%
2 Years 7.44%
3 Years 8.02%
4 Years 8.00%
5 Years 8.30%
6 Years 8.61%
7 Years 8.93%
8 Years 9.28%
9 Years 9.64%
10 Years 10.02%
Interest Rates on Domestic Savings Bank Deposits (w.e.f. 03/05/2011)
Domestic Savings Bank Deposits 4.00% p.a.

Please confirm the interest rates with any of our nearby branches before remittance.

Non-resident Deposits