Interest Rates & Charges

Check Out Our
Competitive Interest Rates
across Products
with Just One Click.

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. 19.12.2018) (w.e.f. 28.08.2018) (w.e.f. 26.12.2018)
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% 7.55% 6.80% 7.15%
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.

Back to Top