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Minimum Amount: ₹1,00,00,001/-
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Pre closure not allowed
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Minimum Period: 12 Months

 

Deposit Plus (Resident and NRO TD without premature withdrawal)- effective from 06th February 2024

 

Period Rates of Interest (Deposit Less than ₹2 Cr) 
(Rates in % p.a)
General Public Senior Citizen*
1 year to less than 13 months 7.05% 7.55%
13 months to 499 days 7.55% 8.05%
500 days 7.65% 8.15%
501 days to 21 months 7.55% 8.05%
Above 21 months to less than 3 years 7.30% 7.80%
3 years to less than 5 years 7.25% 7.75%
5 years 6.85% 7.50%

* NRO Accounts are not eligible for the benefit of Senior Citizen Rates.

Interest rates for Deposit Plus Scheme - Resident Term Deposits without option for Premature Withdrawal

NRE Deposit Plus (NRE TD without premature withdrawal)- effective from 06th February 2024
Period

Rates of Interest (Deposit Less than ₹2 Cr)

(Rates in % p.a)

1 year to less than 13 months 7.05%
13 months to 499 days 7.55%
500 days 7.65%
501 days to 21 months 7.55%
Above 21 months to less than 3 years 7.30%
3 years to less than 5 years 7.25%
5 years 6.85%

Interest rates for NRE Deposit Plus Scheme - NRE Term Deposits without option for Premature Withdrawal