Effective Annualized Rate of Return (Indicative only)

In keeping with Reserve Bank of India guidelines to provide information on effective annualized rate of return on deposits of various maturities, the annualized rate of return for the Kalpakanidhi* (KND- Quarterly Compounding) deposits are indicated.

Annualized Rate of Return at minimum quarterly multiple of the maturity bucket for Kalpakanidhi* (KND - Quarterly Compounding) Domestic Deposits (Also Applicable for NRO KND Deposits)

(For Single deposits of less than Rs.100 lakhs)

Period General Senior Citizen
ROI Annualized Yield ROI Annualized Yield
6 months 6.50% 6.55% 7.00% 7.06%
1 year 6.75% 6.92% 7.25% 7.45%
2 years 6.75% 7.16% 7.25% 7.73%
3 years 6.50% 7.11% 7.00% 7.71%
4 years 6.50% 7.36% 7.00% 8.00%
5 years 6.50% 7.61% 7.00% 8.30%
6 years 6.50% 7.87% 7.00% 8.61%
7years 6.50% 8.15% 7.00% 8.93%
8years 6.50% 8.44% 7.00% 9.28%
9years 6.50% 8.74% 7.00% 9.64%
10years 6.50% 9.06% 7.00% 10.02%
 

Annualized Rate of Return at minimum quarterly multiple of the maturity bucket for NRE KND* Deposits

Period ROI Annualized Yield
1 year 6.75% 6.92%
2 years 6.75% 7.16%
3years 6.50% 7.11%
4years 6.50% 7.36%
5years 6.50% 7.61%
6years 6.50% 7.87%
7years 6.50% 8.15%
8years 6.50% 8.44%
9years 6.50% 8.74%
10years 6.50% 9.06%

* KND Deposits shall be opened with maturity of quarterly multiples only.

 

* Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen.