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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

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.