Deposit Interest Rates
Home » Deposit Interest Rates
Sr. No. Particulars Rate of Interest
Revised
  Effective From 08-08-2017 Public Senior Citizen
Age >60 upto 75
Super Senior Citizen
Age 75 and Above
1  Fixed Deposit
   > From 15 days to 45 days 4.25% 4.75% 5.00%
   > From 46 days to 90 days 5.00% 5.50% 5.75%
   > From 91 days to 364 days 5.75% 6.25% 6.50%
   > Above 1 year up to 3 years 7.00% 7.50% 7.75%
   > Above 3 year up to 5 years 6.50% 7.00% 7.25%
   > Bank Term Deposit Scheme for 5 Years
  (Exempt u/s 80(C) of IT Act) 
7.00% 7.00% 7.00%
2  Single Term Deposit of Rs. 1/- Crore and above :
   > From 15 days to 45 days 4.00% 4.50% 4.75%
   > From 46 days to 90 days 4.00% 4.50% 4.75%
   > From 91 days to 180 days 5.00% 5.50% 5.75%
   > From 181 days to less than 1 year 6.00% 6.50% 6.75%
   > From 1 Year to 3 Year 7.00% 7.50% 7.75%
   > Over 3 Years to 5 Years 6.50% 7.00% 7.25%
3  NRE Deposits
   > 1 Years to 3 Years 6.75%    
4  Savings Deposit
   > Savings Deposit 4.00% 4.00%  
5  Recurring Deposit
   > 1 year up to 3 years 7.00% 7.50% 7.75%
   >Over 3 year up to 5 years 6.50% 7.00% 7.25%
         

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)Premature Withdrawal Penalty : Savings Bank interest rate shall be given below 45 days & above 45 days the bank Shall deduct 1% as penal interest rate from the prevalent rate of interest on term deposit for the period for Which the term deposits has actually remained with the bank.