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, 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.
- The Minimum tenor for earning the interest on Resident/ONR Fixed Deposit is 7 days.
Penalty for premature closure will be applicable for term deposits opened/ renewed from 14.06.2018:
Period of Original Deposit
Principal amount up to ₹15 L
Principal amount above ₹15 L
Up to 45 days
Above 45 days
Interest rates for Resident Term Deposits effective from 17-9-2019
|Period||Less than Rs.200 Lakhs|
|7 days to 14 days||3.50%|
|15 days to 29 days||4.50%|
|30 days to 60 days||5.00%|
|61 days to 90 days||5.70%|
|91 days to 180 days||6.00%|
|181 days to 270 days||6.25%|
|271 days to less than 1 year||6.50%|
|Above 1 year to less than 20 months||7.00%|
|Above 20 months||7.00%|