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Interest Rate

  • Domestic/ NRO Rupee Term Deposit Rate

    Annualized yield

    Effective Annualized Rate of Return (Indicative only):

    In keeping with Reserve Bank of India guidelines to provide information on effective annualized rate of return on deposits of various maturities, we give below the effective annualized rates of return on Bank’s cumulative deposit schemes, under the Re-investment Plan, on quarterly compounding basis: (% p.a.)

    • For deposits less than Rs.2 Cr
    • For deposits of Rs.2 Cr & above but less than Rs.10 Cr
    Maturity For deposits less than Rs.2 Cr For deposits of Rs.2 Cr & above but less than Rs.10 Cr
    Rate of Interest %
    (p.a.)
    Annualized Rate of Return at minimum of the maturity bucket % Rate of Interest % (p.a.) Annualized Rate of Return at minimum of the maturity bucket %
    1 Year & above but less than 2 Years
    (Except 444 days w.e.f. 10.04.2019)
    6.70 6.87 6.70 6.87
    444 days (New Bucket introduced) 6.75# 6.92 6.70 6.87
    2 Years to less than 3 years 6.70 7.11 6.70 7.11
    3 Years to less than 5 years 6.50 7.11 6.50 7.11
    5 years to less than 8 years 6.50 7.61 6.50 7.61
    8 years & above to 10 years 6.35 8.19 6.35 8.19

    # 444 Days is applicable for deposit less than Rs 2 crore.

    • For deposits of Rs.10 Cr & above

    Please contact nearest Branch.

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