Domestic /NRO Term Deposits:

The revised rates for different maturities for Domestic /NRO Term Deposits, which will be effective from 16th June, 2022 are as given below:-

Period	Interest Rate (Rates in % per annum)
	<Rs. 2 Cr
7–14 Days	3.00
15 –30 Days	3.00
31-45 Days	3.00
46 -90 Days	4.05
91–120 Days	4.10
121-180 Days	4.10
181 Days to < 1 Year	4.60
1 Year	5.35
>1 Year to 2 Years	5.45
>2 Years to 3 Years	5.50
>3 Years to 3 Years 14 Days	5.75
1111 Days	5.75
> 3 Years 15 Days to 5 Years	5.75
>5 Years to 10 Years	5.80

• Interest rates are subject to change. Hence depositor will ascertain the rates as on the date of placement from the website.
• Aggregate value of deposits placed by a depositor on the day irrespective of the tenor of deposit will be taken for deciding applicable interest.
• For interest rates for deposits of Rs. 2 Crores and above, please contact our nearest Branch.

 

Saving Bank Deposits:

Saving Bank Deposits rates w.e.f 16.06.2022

Balance	Interest Rate (per annum)
Up to Rs.50 lakhs	2.75 %
> Rs.50 lakhs to Rs.100 Crores	2.90 %
> Rs.100 Crores to Rs.500 Crores	3.10 %
> Rs.500 Crores to Rs.1000 Crores	3.40 %
Above Rs.1000 Crores	3.55 %

Interest is calculated on daily product basis and is credited on quarterly basis in the months of April, July, October and January every year.