Interest Rates & Charges

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Interest Rates & Charges

Interest Rates List


Interest Rates on Savings Bank Deposit :

Please refer to our circular no. HO/09/PLN/BR/2016-17/284, dated 21.03.2017 related to revision of interest rate on term deposits.

Keeping in view, the present interest rate scenario and also to keep pace with trends in a competitive environment, it has been decided to revise the rate of interest on Savings deposits and Term deposits (less than 01 crore) w.e.f. 01.11.2017 as under:-

S.No. Particulars Existing Interest Rates Revised Rate of interest (w.e.f. 01.11.2017)

01.

Balance up to 50 Lakh

4.00% p.a

3.50% p.a

02.

Above 50 Lakh

4.00% p.a

4.00% p.a

Interest Rates on Domestic Term Deposit(Retail) i.e. Deposits for Below 15 Lakh HO/11/PLN/BR/2018-19/04 dated 09.4.2018

Tenor Existing (w.e.f. 10.04.2018) Revised (w.e.f.01.06.2018  )
7 to 14 days 5.00% 5.00%
15 to 29days 5.00% 5.00%
30to 45 days 5.00% 5.00%
46to 60 days 5.25% 5.25%
61to 90days 5.25% 5.25%
91to179 days 5.75% 5.75%
180daysto269 days 6.35% 6.35%
270 daysTo less than 1 year 6.50% 6.50%
1Year 6.70% 6.80%
above 1yr to less than 2 yrs 6.70% 6.80%
2 yrs to upto 3 yrs 6.70% 6.70%
Above 3yr to less than 5yrs 6.80% 6.80%
5yrs to less than 8yrs 6.70% 6.70%
8yrs to upto10 yrs 6.70% 6.70%
Additional for Senior Citizens 0.60% 0.60%

Domestic Term Deposits (Bulk) i.e. Deposits for Rs. 15 Lakh & Above HO/11/PLN/BR/2018-19/36 dated 31.05.2018

Tenor Existing Revised
(w.e.f. 01.06.2018) (w.e.f. 28.08.2018)
For Rs.15 Lakh to below 100 Lakh For Rs. 100 Lakh & Above For Rs.15 Lakh to below 100 Lakh For Rs. 100 Lakh & Above
7 to 14 days 5.00% 4.25% 5.00% 4.25%
15 to 29days 5.00% 4.25% 5.00% 4.25%
30to 45 days 5.00% 4.25% 5.00% 4.25%
46to 60 days 5.25% 4.25% 5.25% 4.25%
61to 90days 5.25% 4.25% 5.25% 4.25%
91to179 days 5.75% 5.25% 5.75% 5.25%
180daysto269 days 6.35% 5.75% 6.35% 5.75%
270 daysTo less than 1 year 6.50% 6.45% 6.50% 6.45%
1Year 6.80% 7.15% 6.80% 7.21%
above 1yr to less than 2 yrs 6.80% 6.80%
2 yrs to upto 3 yrs 6.70% 6.70%
Above 3yr to less than 5yrs 6.80% 6.80%
5yrs to less than 8yrs 6.70% 6.70%
8yrs to upto10 yrs 6.70% 6.70%
Additional for Senior Citizens 0.60% 0.60%

Kindly note that Rate of Interest on Savings Bank Deposits as well as on Domestic Term Deposits (Retail) i.e. Domestic Term Deposits for below Rs. 15 Lakh shall remain unchanged.

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