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 0.50% 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 1-10-2016
|Period||Less than Rs.100 Lakhs|
|7 days to 14 days||3.00%|
|15 days to 29 days||4.00%|
|30 days to 45 days||5.00%|
|46 days to 60 days||6.00%|
|61 days to 119 days||6.50%|
|120 days to less than one year||7.00%|
|Above 1 year to less than 3 years||7.45%|
|Above 3 years||7.25%|