Bank has revised rate of Interest on Domestic / NRO Term Deposits as follows:-

Maturity (For NRE Rupee Term Deposits,
min. tenor is 1 Year and Max. 10 Years)
For deposits of less than Rs.2 Cr
Revised w.e.f 01.04.2024
For deposits of Rs.2 Cr & above but less than Rs.10 Crs
Revised w.e.f 01.04.2024
7 days to 14 days 3.00 4.50
15 days to 30 days 3.00 4.50
31 days to 45 days 3.00 4.50
46 days to 90 days 4.50 5.25
91 days to 179 days 4.50 6.00
180 days to 210 days 5.50 6.25
211 days to 269 days 5.50 6.50
270 days to less than 1 year 5.75 6.50
1 Year 6.80 7.25
Above 1 Year to less than 2 Years 6.80 6.75
2 Years 7.25 6.50
Above 2 Years to less than 3 Years 6.75 6.50
3 Years to less than 5 Years 6.50 6.00
5 Years to less than 8 Years 6.00 6.00
8 years & above to 10 Years 6.00 6.00

Note: The deposit under the specific maturity bucket of 175 days for amount bucket of “Rs.2 Cr & above but less than Rs.50 Cr” stands discontinued and the same will not be available from 01.04.2024.

  • Minimum Deposit Amount for above maturities and bucket is Rs.10,000/- except court orders/special deposit categories

Branches/ Customers should note the eligibility of additional rate of interest on TDR as per the following guidelines currently in force:

  • Senior Citizen with age of 60 years (completed) & above but less than 80 years will be eligible for additional rate of interest of 0.50% on their Retail Term Deposits (Less than Rs. 2 Cr) for the tenors of minimum 6 months & above (but less than 3 years).
  • Super Senior Citizen with age of 80 years (completed) & above will be eligible for additional rate of interest of 0.65% on their Retail Term Deposits (Less than Rs. 2 Cr) for the tenors of minimum 6 months & above (but less than 3 years) .
  • Senior Citizen are eligible for an additional 0.25% ROI, over & above the regular (as per para 6) 0.50% ROI on their Retail Term Deposits (Less than Rs. 2 Cr) for the tenors of 3 years & above and up to 10 years. In such cases effective eligibility of additional ROI will be 0.75% p.a.
  • Super Senior Citizen are eligible for an additional 0.25% ROI, over & above the regular (as per para 6) 0.65% ROI on their Retail Term Deposits (Less than Rs. 2 Cr) for the tenors of 3 years & above and up to 10 years. In such cases effective eligibility of additional ROI will be 0.90% p.a.

Rs.10 Cr & above

  • For confirmation of Rate of interest for BULK deposit of Rs.10crs and above, Kindly contact your nearest branch.

The rate will be effective from 27-05-2024
Revised Revised
MATURITY BUCKETS 10 Crore and above but less than 50 crore 50 Crore and above
7 days to 14 days 6.25 6.25
15 days to 30 days 6.25 6.25
31 days to 45 days 6.35 6.35
46 days to 90 days 6.50 6.50
91 days to 120 days 6.75 6.75
121 days to 174 days 7.40 7.40
175 days 7.40 7.40
176 days to 179 days 7.40 7.40
180 days to 269 days 7.40 7.40
270 days to less than 1 Year 7.40 7.40
1 Year 7.67 7.67
Above 1 Year but less than 2 Years 7.15 7.15
2 Years and above but less than 3 Years 4.50 4.50
3 Years and above to less than 5 Years 4.50 4.50
5 Years and above to less than 8 Years 4.50 4.50
8 Years and above to 10 Years 4.50 4.50


Annualized rates

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 Rate of Interest % (p.a.)
For deposits less than Rs.2 Cr
Annualized Rate of Return at minimum of the maturity bucket %
For deposits less than Rs.2 Cr
Rate of Interest % (p.a.)
For deposits of Rs.2 Cr & above but less than Rs.10 Cr
Annualized Rate of Return at minimum of the maturity bucket %
For deposits of Rs.2 Cr & above but less than Rs.10 Cr
180 days to 210 days 5.50 5.54 6.25 6.30
211 days to 269 days 5.50 5.54 6.50 6.61
270 days to less than 1 Year 5.75 5.83 6.50 6.61
1 Year 6.80 6.98 7.25 7.45
Above 1 Year to less than 2 Years 6.80 6.98 6.75 6.92
2 Years 7.25 7.73 6.50 6.88
Above 2 Years to less than 3 Years 6.75 7.16 6.50 6.88
3 Years to less than 5 Years 6.50 7.11 6.00 6.52
5 Years to less than 8 Years 6.00 6.94 6.00 6.94
8 years & above to 10 Years 6.00 7.63 6.00 7.63

  • * All annualized rate of return are rounded off to nearest two decimal places.


Rate for Senior Citizen Deposits

  • The period of deposit should be for 6 months & above , for availing benefit of additional rate applicable to Senior Citizens / Staff/Ex-Staff Senior Citizen.
  • The Senior Citizen / Senior Citizen Staff/Ex-staff should be the first account holder and his/her age should be more than 60 Years at the time of placing the deposit.
  • 0.50% p.a. additional rate of interest over and above card rates for General Public for minimum deposits of Rs.5000/-(in case of Term Deposits) & Rs.100/- (in case of Normal RD account & Rs.1000/- for Flexi RD Accounts) up to Rs.2 Crore for term deposits of 6 Months & Above to 10 years. However for deposits of 3 yrs & above, the additional ROI should be given at 0.75% over & above normal ROI.
  • Similarly, 1.50% p.a. additional rate of interest over and above card rates (for Staff/Ex-Staff Senior Citizens, Spouse in case of deceased Staff/Ex-Staff) on their deposits below Rs.2 Crore (i.e.1% Staff Rate + 0.50% Senior Citizen Rate of Interest) for term deposits of 6 Months & Above to 10 years.

Bank has revised rate of Interest on Domestic Term Deposits as follows:-

Maturity For Deposits of Less than Rs. 2 Cr
#Revised Rates For Senior Citizens w.e.f 01.04.2024
For Deposits of Less than Rs. 2 Cr
##Revised Rates For Super Senior Citizens w.e.f 01.04.2024
07 days to 14 days 3.00 3.00
15 days to 30 days 3.00 3.00
31 days to 45 days 3.00 3.00
46 days to 90 days 4.50 4.50
91 days to 179 days 4.50 4.50
180 days to 210 days 6.00 6.15
211 days to 269 days 6.00 6.15
270 days to less than 1 Year 6.25 6.40
1 Year 7.30 7.45
Above 1 Year to less than 2 Years 7.30 7.45
2 Years 7.75 7.90
Above 2 Years to less than 3 Years 7.25 7.40
3 Years to less than 5 Years 7.25 7.40
5 Years to less than 8 Years 6.75 6.90
8 years & above to 10 Years 6.75 6.90

Minimum Deposit Amount for above maturities and bucket is Rs.10,000/- except court orders/special deposit categories
Special deposit bucket 400 days (Monsoon Deposit) days stand discontinued
# Senior Citizen- Age 60 years or above but less than 80 years,
## Super Senior Citizen- Age 80 Year & above.

Rs.10 Cr & above

  • Please contact nearest Branch for rate of interest on deposits for Rs.10 cr & above.

Terms & Conditions

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 rate 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

Maturity Rate of Interest % (p.a.) For Senior Citizens Annualized Rate of Return at minimum of the maturity bucket % * For Senior Citizens Rate of Interest % (p.a.) For Super Senior Citizens Annualized Rate of Return at minimum of the maturity bucket % * For Super Senior Citizens
180 days to 210 days 6.00 6.04 6.15 6.20
211 days to 269 days 6.00 6.04 6.15 6.20
270 days to less than 1 Year 6.25 6.35 6.40 6.50
1 Year 7.30 7.43 7.45 7.59
Above 1 Year to less than 2 Years 7.30 7.50 7.45 7.66
2 Years 7.75 8.30 7.90 8.47
Above 2 Years to less than 3 Years 7.25 7.73 7.40 7.90
3 Years to less than 5 Years 7.25 8.02 7.40 8.20
5 Years to less than 8 Years 6.75 7.95 6.90 8.16
8 years & above to 10 Years 6.75 8.85 6.90 9.11

* All annualized rate of return are rounded off to nearest two decimal places


Additional Rate of Interest applicability on various Rupee Term Deposits