Interest Rates

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Interest Rate

Domestic Term Deposits less than 1.00 Crore, w.e.f February, 14 2018
Maturity Period Interest Rates Per Annum
7 days to 30 days 5.00 %
31 days to 45 days 5.50 %
46 days to 90 days 6.00 %
91 days to 180 days 6.25%
181 days to 270 days 6.25 %
271 days to less than 1 year 6.25%
1 years to less than 2 years 7.00%
2 years to less than 3 years 6.50 %
3 years to less than 5 years 6.25 %
5 years to 10 years 6.25 %
  • The above rates are applicable for fresh deposits and renewal of maturing deposits.
  • Revised rates shall be applied on Tax Saver Scheme also.
  • The Term Deposits of Senior Citizens of over 60 years of age shall earn 0.50 % additional rate across all maturities.
  • Branches are allowed to extend 0.50% PA higher rate of interest on single deposits of Rs.50 lac & above on maturity slabs one years and above after obtaining prior permission in writing from Head Office.
  • Domestic Term Deposits of serving staff memebers, shall continue to earn additional interest rate of 1 % across all maturities.
  • Retired Staff members over 60 years of age shall be paid a maximum additional interest rate of 1.50 % across all maturities.
  • For institutional deposits, Branches shall seek prior approval from GAD Section, Head Office before accepting the deposits.