Interest Rates

Interest Rates

  • Domestic Deposits
  • Non-resident Deposits

Domestic Deposits

Non-resident Deposits

INTEREST RATES (P.A.) ON NON-RESIDENT SAVINGS BANK DEPOSITS (W.E.F. 01-12-2023)
Slab End of the Day Balance Rate of Interest (p.a.)
1 Up to Rs 1 Lakh 2.10%
2 Above Rs 1 Lakh to Rs 25 Lakh 2.10% for amount upto Rs 1 Lakh
2.75% for amount above Rs 1 lakh & up to Rs 25 lakh
3 Above Rs 25 Lakhs to Rs 50 Lakh 2.10% for amount upto Rs 1 Lakh
2.75% for amount above Rs 1 Lakh & up to Rs 25 Lakh
3.50% for amount above Rs 25 Lakh and up to Rs 50 Lakh
4 Above Rs 50 Lakhs to Rs 1 Crore 2.10% for amount upto Rs 1 Lakh
2.75% for amount above Rs 1 Lakh & up to Rs 25 Lakh
3.50% for amount above Rs 25 Lakh and up to Rs 50 Lakh
4.00% for amount above Rs 50 Lakh & up to Rs 1 Crore
5 Above Rs 1 Crore to Rs 2 Crore 2.10% for amount upto Rs 1 Lakh
2.75% for amount above Rs 1 Lakh & up to Rs 25 Lakh
3.50% for amount above Rs 25 Lakh & up to Rs 50 Lakh
4.00% for amount above Rs 50 Lakh & up to Rs 1 Crore
4.25% for amount above Rs 1 Crore & up to Rs 2 Crore
6 Above Rs 2 Crore to Rs 5 Crore 2.10% for amount upto Rs 1 Lakh
2.75% for amount above Rs 1 Lakh & up to Rs 25 Lakh
3.50% for amount above Rs 25 Lakh & up to Rs 50 Lakh
4.00% for amount above Rs 50 Lakh & up to Rs 1 Crore
4.25% for amount above Rs 1 Crore & up to Rs 2 Crore
4.50% for amount above Rs 2 Crore & up to Rs 5 Crore
7 Above Rs 5 Crore to Rs 25 Crore 2.10% for amount upto Rs 1 Lakh
2.75% for amount above Rs 1 Lakh & up to Rs 25 Lakh
3.50% for amount above Rs 25 Lakh & up to Rs 50 Lakh
4.00% for amount above Rs 50 Lakh & up to Rs 1 Crore
4.25% for amount above Rs 1 Crore & up to Rs 2 Crore
4.50% for amount above Rs 2 Crore & up to Rs 5 Crore
5.00% for amount above Rs 5 Crore & up to Rs 25 Crore
8 Above Rs 25 Crore to Rs 50 Crore 2.10% for amount up to Rs 1 Lakh
5.50% for amount above Rs 1 lakh & up to Rs 50 Crore
9 Above Rs 50 Crore to Rs 110 Crore 2.10% for amount up to Rs 1 Lakh
6.00% for amount above Rs 1 lakh & up to Rs 110 Crore
10 Above Rs 110 Crore to Rs 200 Crore 2.10% for amount up to Rs 1 Lakh
7.75% for amount above Rs 1 lakh & up to Rs 200 Crore
11 Above Rs 200 Crore 2.10% for amount up to Rs 1 Lakh
7.85% for amount above Rs 1 lakh

INTEREST RATES (P.A.) ON NRE TERM DEPOSITS (W.E.F. 01-12-2023)
Slab Deposit Tenor Below Rs 2 Crore
(Rate of Interest p.a.)
1 1 year 5.00%
2 Above 1 year to 400 days  5.50%
3 401 days 7.75%
4 Above 401 days to 2 years 5.50%
5 Above 2 years to less than 750 days  5.75%
6 750 days 7.10%
7 Above 750 days to 5 years  5.75%
8 Above 5 years to 10 years  6.00%

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


INTEREST RATES (P.A.) ON NRO TERM DEPOSITS (W.E.F. 01-12-2023)
Slab Deposit Tenor Below Rs 2 Crore
(Rate of Interest p.a.)
1 7 days to 90 days 3.00%
2 91 days to 179 days  3.50%
3 180 days to 190 days  4.25%
4 191 days 7.25%
5 192 days to less than 1 year 4.25%
6 1 year 5.00%
7 Above 1 year to 400 days  5.50%
8 401 days 7.75%
9 Above 401 days to 2 years 5.50%
10 Above 2 years to less than 750 days  5.75%
11 750 days 7.10%
12 Above 750 days to 5 years  5.75%
13 Above 5 years to 10 years  6.00%
INTEREST RATES (P.A.) ON NRO TAX SAVING DEPOSITS (W.E.F. 22-06-2023)
Slab Deposit Tenor Below Rs. 2 Crore
(Rate of Interest p.a.)
1 5 Years 5.75%
ANNUALISED YIELD (P.A) FOR NRE TERM DEPOSITS (W.E.F. 22-06-2023)
Period Below Rs. 2 Crore
1 Year 5.09%
2 Years 5.77%
3 Years 6.23%
4 Years 6.41%
5 Years 6.61%
6 Years 7.16%
7 Years 7.39%
8 Years 7.63%
9 Years 7.88%
10 Years 8.14%
ANNUALISED YIELD (P.A) FOR NRO TERM DEPOSITS (W.E.F. 22-06-2023)
Period Below Rs. 2 Crore
1 Year 5.09%
2 Years 5.77%
3 Years 6.23%
4 Years 6.41%
5 Years 6.61%
6 Years 7.16%
7 Years 7.39%
8 Years 7.63%
9 Years 7.88%
10 Years 8.14%
INTEREST RATES ON FCNR(B) TERM DEPOSITS (% P.A.) W.E.F. 10th JANUARY, 2024
Maturity Period Interest Rate (p.a.)
USD GBP EUR YEN CAD AUD
12 months to less than 24 Months 6.10 5.50 3.75 0.70 1.14 1.09
24 months to less than 36 months 5.00 1.86 0.36 0.70 2.20 1.57
36 months to less than 48 months 5.00 1.98 0.51 0.69 2.42 1.93
48 months to less than 60 months 4.00 1.99 0.61 0.70 2.48 2.20
60 months only 4.00 1.86 0.57 0.61 2.39 2.22

The revised rates are applicable for fresh deposits as well as renewals of existing deposits. Interest
rates on RFC SB deposits has been fixed at 0.05% p.a. across all currencies.

ANNUALISED YIELD FOR FCNR(B) TERM DEPOSITS (% PER ANNUM) W.E.F. 10.01.2024
Maturity Period Interest Rate (p.a.)
USD GBP EUR YEN CAD AUD
12 months to less than 24 Months 6.10% 5.50% 3.75% 0.70% 1.14% 1.09%
24 months to less than 36 months 5.19% 1.89% 0.36% 0.71% 2.23% 1.59%
36 months to less than 48 months 5.32% 2.03% 0.51% 0.69% 2.50% 1.98%
48 months to less than 60 months 4.29% 2.06% 0.62% 0.71% 2.59% 2.28%
60 months only 4.38% 1.94% 0.58% 0.61% 2.52% 2.33%

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).