Deposit Interest Rates
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Sr. No. Particulars Rate of Interest
Revised
  Effective From 01-09-2017 Public Senior Citizen
Age >60 upto 75
Super Senior Citizen
Age 75 and Above
1  Fixed Deposit
   > From 15 days to 90 days 4.00% 4.50% 4.75%
   > From 91 days to 364 days 5.50% 6.00% 6.25%
   > Above 1 year upto 2 years 6.80% 7.30% 7.55%
   > Above 2 year upto 5 years 6.25% 6.75% 7.00%
   > Bank Term Deposit Scheme for 5 Years
  (Exempt u/s 80(C) of IT Act) 
6.50% 6.50% 6.50%
2  Single Term Deposit of Rs. 1/- Crore and above :
   > From 15 days to 90 days 3.75% 4.25% 4.50%
   > From 91 days to 180 days 4.75% 5.25% 5.50%
   > From 181 days to less than 1 year 5.75% 6.25% 6.50%
   > From 1 Year to 2 Year 6.80% 7.30% 7.55%
   > Over 2 Years to 5 Years 6.25% 6.75% 7.00%
3  NRE Deposits
   > 1 Years to 3 Years 6.50%    
4  Savings Deposit
   > Savings Deposit 4.00% 4.00%  
5  Recurring Deposit
   > 1 year up to 2 years 6.80% 7.30% 7.55%
   >Over 2 year up to 5 years 6.25% 6.75% 7.00%
         

Note :

(1) All rates are subject to revision from time to time.

(2) No. term deposit including recurring deposit will be accepted exceeding period of 5 year.

(3) In case of pre-mature payment of time deposits : Savings Bank interest rate shall be given for 15 days to 90 days & above 90 days the bank Shall deduct 1% as penal interest from the rate for which the deposit has remained with the bank and the rate applicable will be the rate prevalent on which the time deposit was made out.