Interest Rates for Resident Term Deposits

We understand your preference for ‘Safety, Liquidity and Return', while choosing your bank. Hence we remain committed to ensure that your deposits with us earn handsome returns too, by way of interest. We are transparent in communicating the rates and charges of our bank on deposits. Please do visit this page often since these rates are subject to periodic revision.

 

Resident Term Deposits interest rates are also applicable to Resident Cash Certificate, Federal Savings Fund, Fed Secure, Federal Tax Savings Deposits and NRO Fixed Deposits

 

  • Additional interest rate of 0.25% is available for deposits of senior citizens for all tenors 
  • ONR accounts are not eligible for additional interest offered to senior citizens.
  • For single deposit of Rs. 1Crore and above, please contact the Branch Manager.
  • Premature closure penalty of 1% applicable for term deposits above Rs. 15 Lakhs.


Interest rates for Resident Term Deposits effective from 7-4-2014


Period Less than Rs.100 Lakhs Single Deposit of Rs.100 Lakhs and above
7 days to 14 days 5.00% Contact any of the branches of the bank
15 days to 29 days 5.00% Contact any of the branches of the bank
30 days to 45 days 5.00% Contact any of the branches of the bank
46 days to 59 days 7.00% Contact any of the branches of the bank
60 days to 119 days 7.50% Contact any of the branches of the bank
120 days to 180 days 8.50% Contact any of the branches of the bank
181 days to less than 1 year 8.25% Contact any of the branches of the bank
1 year only 9.00% Contact any of the branches of the bank
Above 1 year to less than 15 months 8.75% Contact any of the branches of the bank
15 months only 9.10% Contact any of the branches of the bank
Above 15 months 8.75% Contact any of the branches of the bank