Interest Rates

Interest Rates

  • Domestic Deposits
  • Non-resident Deposits

Domestic Deposits

Interest Rates on Domestic Term Deposits(% Per Annum)
(Effective from 07-03-2019)
Period Below 2 Crore 
7 to 14 days (Minimum amount of deposit Rs 5 lac) 3.50%
15 days to 29 days 4.00%
30 days to 90 days 5.00%
91 days to 179 days 5.50%
180 days to less than 1 year 6.50%
1 Year 7.00%
Above 1 Year to less than 3 Years 6.75%
3 Years to and including 10 Years 6.50%

For the interest rate for single Domestic/NRO/NRE term deposits of Rs. 2 Crore and above, please contact the nearest branch

 

Interest Rate for Acharya Deposits effective from 07-03-2019
Period Below 2 Crore 1 Crore & Above
180 days to less than 1 Year 7.00% 5.75%
1 Year 7.50% 6.00%
Above 1 Year to less than 3 Years 7.25% 6.00%
3 Years to and including 10 Years 7.00% 7.00%

For the interest rate for single Domestic/NRO/NRE term deposits of Rs. 2 Crore and above, please contact the nearest branch

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 200 lac
1 Year 7.19%
2 Years 7.16%
3 Years 7.11%
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 7.71%
2 Years 7.73%
3 Years 7.71%
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. 05/07/2019)
Slab End of the Day Balance Rates of Interest (p.a.)
1 Upto and including Rs 50 lakh 3.50% for amount upto Rs 1 lakh
4.00% for the remaining balance (of above Rs 1 lakh)
2 Above Rs 50 lakh 3.50% for amount upto Rs 1 lakh
4.00% for amount above Rs 1 lakh and upto Rs 50 lakh
5.00% for the remaining balance (of above Rs 50 lakh)

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

Non-resident Deposits