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Interest Rates
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).