Deposit Interest Rates
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Sr. No. Particulars Rate of Interest
  Effective From 05.08.2019 Public Senior Citizen
Age >60 & <75
Super Senior Citizen
Age 75 and Above
1  Fixed Deposit
   > 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 180 days 5.75% 6.25% 6.50%
   > From 181 days to 364 days 6.25% 6.75% 7.00%
   > From 1 year to 3 years 7.25% 7.75% 8.00%
   > Over 3 years upto 5 years 7.00% 7.50% 7.75%
   > Over 5 years upto 7 years 6.00% 6.50% 6.75%
   > Bank Term Deposit  for 5 Years (Exempt u/s 80CC) of IT Act (up to Rs.1.50 lakh) 7.00% 7.00% 7.00%
2  Single Term Deposits of Rs. 1/- Crore and above :
   > 15 days to 45 days 4.00% 4.50% 4.75%
   > From 46 days to 90 days 4.25% 4.75% 5.00%
   > From 91 days to 180 days 5.00% 5.50% 5.75%
   > From 181 days to 364 days 6.25% 6.75% 7.00%
   > From 1 Year to 3 Years 7.25% 7.75% 8.00%
   > Over 3 Years upto 5 Years 7.00% 7.50% 7.75%
   > Over 5 Years upto 7 Years 6.00% 6.50% 6.75%
4  NRE Deposits
   > 1 Years to 3 Years 6.75%    
5  Savings Deposit
   > Savings Deposit 4.00%    
6  Recurring Deposit
   > 1 year to 3 years 7.25% 7.75% 8.00%
   >Over 3 years upto 5 years 7.00% 7.50% 7.75%
   > Over 5 years upto 7 years 6.00% 6.50% 6.75%

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 45 days & above 45 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.