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Deposit Interest Rate

Period Interest Rates for Retail Deposits
Up to 25 Lakh Above 25 Lakh to 100 Lakh Above 100 Lakh
7 days to 14 days 3.25% 3.25% 3.25%
15 days to 45 days 3.25% 3.25% 3.25%
From 46 days to 90 days 3.50% 3.25% 3.25%
From 91 days to 180 days 3.90% 3.75% 3.60%
From 181 days to 364 days 4.75% 4.50% 4.00%
From 1 year to 3 years 5.50% 5.00% 4.75%
Over 3 Year to 5 Year 5.60% 5.25% 4.75%
Over 5 years to 7 years 5.00% 4.75% 4.60%
Bank Term Deposit for 5 years (u/s 80C) of IT Act (up to Rs.1.50 Lakh) 5.60% - -
NRE Deposits :


Period Interest Rates
Up to 25 Lakh Above 25 Lakh to 100 Lakh Above 100 Lakh
1 Year to 3 Year 5.50% 5.00% 4.75%
Co-operative Bank Deposits :


Period Interest Rates
Up to 25 Lakh Above 25 Lakh to 100 Lakh Above 100 Lakh
1 Year to 3 Year 4.00% 4.00% 4.00%
  • Senior Citizen (aged above 60 years up to less than 75 years) will get benefit of 0.50% higher interest rate on Deposits only for maturity above 1 year and is not eligible on maturity below 1 year. However, Deposit placed under section 80 C of IT act will not be eligible for such additional interest rate benefit. However, the benefit of additional interest rate on deposits shall not be available to NRE deposits.

    Super Senior Citizen (Aged 75 years and above) will get benefit of 0.60% higher interest rate on Deposits only for maturity above 1 year and is not eligible on maturity below 1 year. However, Deposit placed under section 80 C of IT act will not be eligible for such additional interest rate benefit. However, the benefit of additional interest rate on deposits shall not be available to NRE deposits.

    Staff rate will be 1?ditional on the above prescribed rates on term deposit as per existing policy. However, the benefit of additional interest rate on deposits shall not be available to NRE deposits.

    This limit is a single day limit, hence any deposit per day will be clubbed and if it exceeds above mentioned chart limit ` 25.00 Lakh / ` 100.00 Lakh, interest rates for over ` 25.00 Lakh / `100.00 Lakh will be applicable.

    All the terms and conditions will be applicable to Recurring Deposit scheme and also interest rate will be applicable as per single day limit. Recurring deposit will be done in the multiplication of `100.

    Penal rate of interest for premature withdrawal of fixed deposits will be 1?low the contracted rate for the period the deposit has remained with the Bank.

    Premature withdrawal of large deposits held by entities other than individual and Hindu Undivided Families will be allowed only at the Bank’s discretion.

    Savings bank deposits rate will be reduced @ 3.25% per annum form existing 3.50% per annum with effect from 05.08.2021.

    It is advisable to obtain maturity instructions from deposit holder at the time of opening of deposit or at the time of maturity. In case the depositor does not exercise his option of choosing maturity instruction, banks will renew the same for a term equal to the original term at prevailing interest rate on maturity date. 

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