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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
31-45 Days
46 -90 Days
4.05
91–120 Days
4.10
121-180 Days
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
> 3 Years 15 Days to 5 Years
>5 Years to 10 Years
5.80
Saving Bank Deposits:
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.