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Interest Rates
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Select category
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DOMESTIC DEPOSITS (Also applicable for NRO Accounts)
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Interest rate on Domestic Deposits with effect from 1st, November 2007
| Period |
Rate |
Rate |
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Single Deposit of
less than Rs.15.00
lacs
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Single Deposit of
Rs.15.00 lacs to
less than Rs.50
lacs |
Single Deposit of
Rs.50 lacs & above
|
| 15 days to 45 days |
4.75%
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4.75%
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Rates to be |
| 46 days to 90 days |
5.00%
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5.25%
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Obtained from |
91 days to 179 days
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6.00%
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6.25%
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Head Office - (Treasury) |
| 180 days to less than 1 year |
7.50%
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7.50%
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Dept.) on a daily basis |
| 1 year to less than 400 days |
9.00%
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9.00%
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Premature withdrawal |
| 400 days |
9.00%
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9.00%
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penalty also will be |
| Above 400 days to less than 3 years |
9.00%
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9.00%
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decided by
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| 3 years to 5 years |
9.25%
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9.25%
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Treasury Dept. |
| Above 5 years |
8.60%
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8.60%
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Special rates for resident senior citizens, individually or jointly with another resident citizen :
a) Period upto 1 year 0.50%
b) 1 year and Above 1.00%
Premature closure penalty of 0.50% for all fresh deposits and deposits renewed afresh upto Rs.15.00 lacs. 1% premature closure penalty for deposits above Rs.15.00 lacs.
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NRE DEPOSITS
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Interest rate on NRE Deposits with effect from 1st May, 2008
| Period |
Rate |
| 1 Year to less than 2 years |
3.08%
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| 2 years to less than 3 years |
3.18%
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| 3 years upto and inclusive of 10 years |
3.45%
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FCNR(B) DEPOSITS
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Interest rate on FCNR(B) Deposits with effect from 1st May, 2008
| Period |
USD |
GBP |
EURO |
| 1 year to less than 2 yrs |
2.33%
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5.06%
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4.21%
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| 2 years to less than 3 yrs |
2.43%
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4.65%
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3.78%
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| 3 years to less than 4 yrs |
2.70%
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4.62%
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3.68%
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| 4 years to less than 5 yrs |
2.93%
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4.59%
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3.65%
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| 5 years |
3.11%
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4.54%
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3.64%
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RFC ACCOUNT
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Interest rate on RFC Deposits with effect from 1st May, 2008
| Period |
USD |
GBP |
EURO |
| 1 year to less than 2 yrs |
2.33%
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5.06%
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4.21%
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| 2 years to less than 3 yrs |
2.43%
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4.65%
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3.78%
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| 3 years only |
2.70%
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4.62%
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3.68%
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| Savings Bank A/c |
0.50%
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2.00%
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1.00%
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