Interest Rates

Interest Rates

  • Domestic Deposits
  • Non-resident Deposits

Domestic Deposits

Non-resident Deposits


Interest Rates on NRE Term Deposits from 01-07-2020 (% p.a.)
Deposit Tenor Below Rs 2 Crore Rs 2 Crore and above
1 Year to less than 15 months 5.50% Daily Quotes 
15 months 5.75%
More than 15 monthsto and including 10 Years 5.50%

Interest Rates on NRO Term Deposits from 01-07-2020(% p.a.)
Deposit Tenor Below Rs 2 Crore Rs 2 Crore and above
7 days to 90 days 3.50% Daily Quotes 
91 days to 179 days 4.50%
180 days to less than 1 year 5.00%
1 Year toless than15months 5.50%
15 months 5.75%
More than 15 monthsto and including 10 Years 5.50%

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

Annualised Yield for NRE Term Deposits from 01/07/2020 (% Per Annum)
Maturity Period Deposits of less than Rs 200 lac
1 Year 5.61%
2 Years 5.77%
3 Years 5.94%
4 Years 6.11%
5 Years 6.28%
6 Years 6.46%
7 Years 6.65%
8 Years 6.85%
9 Years 7.06%
10 Years 7.27%
Interest Rates on FCNR(B) Term Deposits (% p.a.) w.e.f. 01 July 2020
MATURITY PERIOD USD GBP EUR YEN CAD AUD
12 months to less than 24 months 1.27% 1.14% 0.66% 1.00% 1.84% 1.17%
24 months to less than 36 months 1.23% 1.18% 0.63% 0.99% 1.58% 1.20%
36 months to less than 48 months 1.24% 1.18% 0.62% 0.99% 1.63% 1.25%
48 months to less than 60 months 1.27% 1.20% 0.62% 0.99% 1.70% 1.37%
60 months only 1.33% 1.22% 0.65% 1.00% 1.76% 1.45%

* Lock in period of one year is applicable

Annualised Yield for FCNR(B) Term Deposits (% per annum) w.e.f. 01.07.2020
MATURITY PERIOD USD GBP EUR YEN CAD AUD
12 months to less than 24 months 1.27% 1.14% 0.66% 1.00% 1.84% 1.17%
24 months to less than 36 months 1.24% 1.19% 0.63% 1.00% 1.60% 1.21%
36 months to less than 48 months 1.26% 1.20% 0.63% 1.00% 1.67% 1.27%
48 months to less than 60 months 1.29% 1.23% 0.63% 1.01% 1.75% 1.40%
60 months only 1.37% 1.26% 0.66% 1.02% 1.83% 1.50%

Interest Rate on Non Resident Savings Deposits (% p.a.) w.e.f. 01/07/2020
Slab End of the Day Balance Rates of Interest (p.a.)
1 Up to and including Rs 1 lakh 1.90% below RBI's Repo Rate
2 Up to and including Rs 50 lakh 1.90% below RBI's Repo Rate for amount upto Rs 1 lakh
1.15% below RBI's Repo Rate for the remaining balance (of above Rs 1 lakh)
3 Above Rs 50 lakhs 1.90% below RBI's Repo Rate for amount upto Rs 1 lakh
1.15% below RBI's Repo Rate for amount above Rs 1 lakh and upto Rs 50 lakhs
0.15% below RBI's Repo Rate for the remaining balance (of above Rs 50 lakhs)

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

No penalty will be levied for premature closure of NRE & FCNR (B) term deposits w.e.f. 01.12.2011. Thus, where NRE & FCNR (B) term deposits are closed prematurely on orafter 01.12.2011, the rate of interest payable shall be the one as applicable for theperiod for which the deposit actually remained with the bank, ruling on the date of thedeposit,without deducting any penalty. But no interest will be payable where premature withdrawal of deposits takes place before completion of the minimum period prescribed for NRE & FCNR (B) Term Deposits (i.e. 1 year).