Interest Rates On Deposits for NRI Accounts

Rates for NRE Rupee Term Deposits (CALLABLE)

Maturity	For Deposits of Less than Rs.3 Cr. Rate w.e.f 15.04.2025	For deposits of Rs.3 Cr & above but less than Rs.10 Cr Rate w.e.f 15.04.2025
1 Year	7.05	7.05
Above 1 Year to less than 2 Years	6.75	6.70
2 Years	6.75	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 400 days for amount bucket of “less than Rs.3 Cr” stands discontinued and the same will not be available from 15.04.2025.

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

Rs.10 Cr & above

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

Premature Withdrawal:

No interest

payable for NRE Term Deposits remaining with the Bank for less than 12 Months & hence, No Penalty.

Nil Penalty-

Deposits of less than Rs.5 Lakh remained with the Bank for 12 Months and above

Penalty @1.00% -

Deposits of Rs. 5 Lakh & above withdrawn prematurely after completion of 12 months

Rate of Interest on Non-Callable Deposits as follows:-

Maturity	For Deposit above Rs.1 CR less than Rs.3 CR Revised W.E.F. 15/04/2025	For Deposit Rs.3 CR and above but less than Rs.10 CR Revised W.E.F. 15/04/2025
1 Year	7.20	7.20
Above 1 Year to less than 2 Years	6.90	6.85
2 Year	6.90	6.65
Above 2 Years to less than 3 Years	6.90	6.65
3 Year	6.65	6.15

Annualized rates

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.3 Cr
For deposits of Rs.3 Cr & above but less than Rs.10 Cr

FOR DEPOSITS LESS THAN RS.3 CR

Maturity	Rate of Interest % (p.a.)	Annualized Rate of Return at minimum of the maturity bucket %
1 Year	7.05	7.24
Above 1 Year to less than 2 Years	6.75	6.92
2 Years	6.75	7.16
Above 2 Years to less than 3 Years	6.75	7.16
3 Years to less than 5 Years	6.50	7.11
5 Years to less than 8 Years	6.00	6.94
8 years & above to 10 Years	6.00	7.63

FOR DEPOSITS OF RS.3 CR & ABOVE BUT LESS THAN RS.10 CR

Maturity	Rate of Interest % (p.a.)	Annualized Rate of Return at minimum of the maturity bucket %
1 Year	7.05	7.24
Above 1 Year to less than 2 Years	6.70	6.87
2 Years	6.50	6.88
Above 2 Years to less than 3 Years	6.50	6.88
3 Years to less than 5 Years	6.00	6.52
5 Years to less than 8 Years	6.00	6.94
8 years & above to 10 Years	6.00	7.63

For deposits of Rs.10 Cr & above
Please contact nearest Branch.

RATE OF INTEREST ON FCNR 'B' DEPOSITS: W.E.F. 01.01.2025
(PERCENTAGE PER ANNUM)

MATURITY	USD	GBP	EUR	JPY	CAD	AUD
1 YR TO LESS THAN 2 YRS	5.35	4.85	2.75	0.20	3.00	4.25
2 YRS TO LESS THAN 3 YRS	4.00	2.50	1.50	0.20	2.50	4.00
3 YRS TO LESS THAN 4 YRS	3.35	2.50	1.00	0.20	2.27	4.00
4 YRS TO LESS THAN 5 YRS	3.25	2.50	0.75	0.20	2.27	4.00
5 YRS (Maximum)	3.15	2.50	0.50	0.20	2.27	4.00

Premature Withdrawal

No interest will be payable on premature withdrawal of deposit within twelve months from the date of deposit.
On premature withdrawal of deposit which has remained with the bank for a period above 12 months, penalty of 1% is applicable from the date of deposit, till the period for which the deposit remained with the bank.