Domestic Term Deposits
[ % per annum with effect from 1st September, 2010 ]
Duration
|
Less than Rs.15 Lakh
|
Rs.15 Lakh to less than Rs.1 Crore
|
Rs. 1 Crore to less than Rs.5 Crore
|
7 days to 14 days
|
_
|
_
|
4.00
|
15 days to 29 days
|
2.75
|
2.75
|
4.00
|
30 days to 45 days
|
3.00
|
3.00
|
4.50
|
46 days to 90 days
|
4.50
|
4.50
|
5.00
|
91 Days to less than 6 months
|
5.50
|
5.50
|
5.50
|
6 months to less than 9 months
|
6.00
|
6.00
|
6.00
|
9 Months to less than 12 Months
|
6.25
|
6.25
|
6.50
|
12 months to Less than 2 Years
|
7.00
|
7.00
|
7.25
|
2 Years to less than 33 months
|
7.25
|
7.25
|
7.25
|
33 months only
|
7.50
|
7.50
|
7.25
|
Above 33 months to less than 3 Years
|
7.25
|
7.25
|
7.25
|
3 Years to less than 5 Years
|
7.25
|
7.25
|
7.50
|
5 Years & above
|
7.50
|
7.50
|
7.25
|
|
These rates are Per Annum and are applicable to fresh and renewal of maturing deposits on or after the effective date.
Prepayment penalty waived on all fresh and renewed deposits with maturity period upto 91 days and prepayment penalty at the rate of 1% p.a. will be charged on all fresh & renewed deposits with maturity period beyond 91 days with effect from 31st July, 2010
The revised rates will apply to fresh deposits accepted and on renewal of deposits maturing on or after the effective date
Senior Citizens are offered an additional rate of 0.50% over and above the mentioned rates for deposits with maturity period for 91 days and above. The revised rate is applicable to deposits accepted/ renewed on or after 1st April 2007. Additional rate of interest for senior citizens will not available for deposits of Rs.1 Crore and above.
NRE TERM DEPOSITS
[ % per annum with effect from 1st September, 2010 ]
Period
|
Rate
|
1 year to less than 2 years
|
2.59%
|
2 years to less than 3 years
|
2.42%
|
3 years to 10 years
|
2.70%
|
|
The above revised interest rates will apply only to fresh deposits accepted w.e.f. 1st September, 2010. However, for the renewal of deposits within 14 days from due date (both days inclusive), the rate of interest payable on the amount of the deposit so renewed shall be the appropriate rate of interest for the period of renewal, as prevailing on the date of maturity or on the date when the depositor seeks renewal, whichever is lower
Please Note:
NRNR and NRSR Schemes have been discontinued with effect from 1st April 2002.
No NRE Term Deposit will get any interest, if closed prematurely before completion of 1 year from the date of deposit
Interest Rate applicable for NRE Savings Bank Deposits is 3.50% P.A.
Interest Rates on FCNR(B) Deposits
[With effect from 01.09.2010]
