Interest Rates on Domestic Term Deposits % p.a (w.e.f. 30.10.2014)
(% 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
- 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).
- The rates are applicable to IB Tax Saver
schemes also. Minimum 5 years and Maximum 10 years for Individuals / HUF having PAN card can invest upto Rs.150000/- in a financial year. For the deposits of Senior Citizens,
under this scheme, additional rate of 0.50%
p.a is payable for the respective maturity
- The rate of interest on domestic term
deposit is also applicable to Capital Gains
Scheme Type B (Term Deposits) 1988 Scheme.
- 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
All other terms and conditions remain unchanged.
Rates on SB / NRO / NRE Accounts (Savings
Bank Account, No Frill account, Non Resident
Ordinary and Non Resident External Account)
FCNR/ RFC (Term & SB)
Deposits in various foreign currencies for 1, 2, 3, 4 and 5 year terms
rates of above Rs 5 crore
(Depostis of amount rs 5 crore and above)
charges (Charges for foreclosure of domestic term deposits)