Interest Rate for Fixed Deposits

New and Attractive Interest Rates

w.e.f. February14, 2018

 Tenure < Rs. 1 crore  
Interest Rate Interest Rate for Senior Citizens*
  181 - 270 Days 5.95 6.45
  > 1 Yr - 2 Yrs 7.25 7.25
  5 Yrs 7.50 7.50

Please note :

  • Interest Rate per annum (%).
  • Please contact your Relationship Manager or Branch for applicable interest rates on any deposit equal to or greater than Rs. 1 crore.
  • Special interest rates quoted above (for tenors more than 1 year) are applicable for deposits of value less than Rs. 1 crore only.

NRE Fixed Deposit Rates

w.e.f. February 14, 2018

Tenure  Interest Rate per annum (%)
1 Yr 6.00
> 1 Yr - 2 Yrs 7.25
> 2 Yrs - 3 Yrs 6.90
> 3 Yrs - 4 Yrs 7.00
> 4 Yrs - < 5 Yrs 7.00
5 Years 7.50
  • Initial minimum fixed deposit size is Rs. 20,000.
  • Premature withdrawal:

    For Single Deposit of less than INR 1 crore
    • Less than 1 year : no interest
    • 1 year & above : A penal rate of 1% would be charged i.e. the interest rate applicable will be the rate as on the date of booking for the period for which the deposit has run less applicable penalty

    For Single Deposit of >= INR 1 crore
    • Less than 1 year: no interest
    • 1 year & above: A penal rate of 1% would be charged i.e. the interest rate applicable will be the rate as on the date of booking for the period for which the deposit has run less applicable penalty
  • Interest rates are subject to change without prior notice.

Domestic / NRO Fixed Deposit Rates

w.e.f. February 14, 2018

Tenure  < Rs. 1 crore  
 Interest Rate  Interest Rate for Senior Citizens*
 7 Days  4.00 4.00
 8 - 14 Days  4.50 4.50
 15 - 29 Days  4.50 4.50
 30 Days  4.75                 4.75                
 31 - 45 Days  4.75                 4.75                
 46 - 59 Days  5.00                5.00                
 60 - 89 Days  5.25 5.25                
 90 - 99 Days  5.25 5.75
 100 Days  5.70 6.20
 101 - 180 Days  5.75 6.25
 181 - 270 Days  5.95 6.45
 271 Days - 1 Yr  6.00 6.50
 > 1 Yr - 1.5 Yrs  7.25                 7.25                
 > 1.5 Yrs - 2 Yrs  7.25                 7.25                
 > 2 Yrs - 3 Yrs  6.90                 6.90                
 > 3 Yrs - 4 Yrs  7.00 7.25                
 > 4 Yrs - < 5 Yrs  7.00                 7.25                
 5 Yrs  7.50                 7.50

Please note :

  • Interest Rate per annum (%).
  • Please contact your Relationship Manager or Branch for applicable interest rates on any deposit equal to or greater than Rs.1 crore.
  • Special interest rates quoted above (for tenors more than 1 year) are applicable for deposits of value less than Rs.1 crore only.
  • No interest is payable for deposits withdrawn prematurely before 7 days.
  • Premature withdrawal
    For premature withdrawal of fixed deposits on 7th day or thereafter, a penal rate of 1% would be charged, i.e., the interest rate applicable will be the rate as on the date of booking for the period for which the deposit has run less applicable penalty.
  • Minimum fixed deposit amount is Rs. 20,000.
  • Interest Rates are subject to change without prior notice.
  • The following interest payout options available for the customer
    • Monthly
    • Quarterly
    • Cumulative
  • *Applicable only for Retail Deposits - Senior Citizens i.e. Resident Individuals of age
    60 years & above and excludes Non-Resident individuals, Individuals in their capacity as a Karta in HUFs and all non individuals. Incase of joint accounts the first holder should be a senior citizen to avail of these rates.

Interest Rates for Recurring Deposit

w.e.f. February 14, 2018

Maturity Period  Interest Rate Interest Rate for Senior Citizens*
 12 months  6.00                  6.50
 15 months to 24 months  7.25                  7.25
 27 months to 36 months  6.90                  6.90                
 39 months to 48 months  7.00                  7.25                
 51 months to 57 months  7.00                  7.25                
 60 months  7.50                  7.50

Please note :

  • Minimum ticket size of INR 5,000 to a maximum of INR 200,000.
  • Minimum tenure of 12 months (in multiplies of 3 months thereafter).
  • Maximum tenure of 60 months.
  • The interest on Recurring Deposits will be calculated by the bank in accordance with the directions advised by Indian Banks' Association.
  • Interest on Recurring Deposits will be paid out on maturity.
  • For premature withdrawal of recurring deposits, a penal rate of 1% would be charged i.e. the interest rate applicable will be the rate as on the date of booking for the period for which the deposit has run less applicable penalty.
  • If the Recurring Deposits is broken within 14 days from the date of booking, no interest will be paid.
  • Interest Rates are subject to change without prior notice.
  • *Applicable only for Retail Deposits - Senior Citizens i.e. Resident Individuals of age
    60 years & above and excludes Non-Resident Individuals, Individuals in their capacity as a Karta in HUFs and all non individuals. Incase of joint accounts the first holder should be a senior citizen to avail of these rates.

Apply for Fixed Deposit

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