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  home > Deposit rates

Interest Rates on Domestic Term Deposits % p.a (w.e.f. 19.06.2014) (% per annum)

  • Applicable for single deposit of Rs.1 lakh and above
  • For Deposit of above Rs 5 crore, acceptance of such deposits will be at the approval of the Treasury Branch


  1. For Special Domestic Term Deposit scheme for Senior Citizens, for deposits up to a 5 crore,additional rate of interest of  0.50% p.a  is payable for 15 days to 10 years over the card rate in respect of Short Term Deposit, Fixed Deposit, Reinvestment Plan Schemes. For Recurring Deposit, additional interest rate of 0.50% p.a is payable for the period of 6 months to 120 months (multiples of 3 months).
  2. The rates are applicable to IB Tax Saver schemes also. For the deposits of Senior  Citizens, under this scheme, additional rate of 0.50% p.a is payable for the respective maturity period.
  3. The rate of interest on domestic term deposit is also applicable to Capital Gains Scheme Type B (Term Deposits) 1988 Scheme.
  4. The above interest rates are applicable to NRE term deposits also, subject to compliance of all the extant exclusive/specific RBI Guidelines on NRE accounts relating to minimum/maximum term of deposits,category of customer etc.

The revised interest rates on domestic term deposits and additional interest rates offered to  senior citizens are applicable only to fresh deposits and on renewal of maturing deposits.

All other terms and conditions remain unchanged.

Interest Rates on SB / NRO / NRE Accounts (Savings Bank Account, No Frill account, Non Resident Ordinary and Non Resident External Account)

NRE/ FCNR/ RFC (Term & SB) Deposits in various foreign currencies for 1, 2, 3, 4 and 5 year terms
Deposit rates of above Rs 5 crore (Depostis of amount rs 5 crore and above)
Foreclosure charges (Charges for foreclosure of domestic term deposits)
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