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INTEREST RATES FOR DOMESTIC RUPEE TERM DEPOSITS (interest in % p.a.) |
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For deposits less than Rs.1
Crore |
For deposits of Rs.1 Crore
and above. |
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Maturity Period |
Revised (w.e.f.
10-07-2009) |
Revised
(w.e.f. 10-07-2009) |
| 1 |
07 days to 14 days ** |
2.50 |
1.50 |
| 2 |
15 days to 30 days |
2.75 |
2.25 |
| 3 |
31 days to 45 days |
3.00 |
2.50 |
| 4 |
46 days to 90 days |
4.50 |
3.00 |
| 5 |
91 days to 179 days |
5.00 |
3.50 |
| 6 |
180 days
to 269 days |
6.50 |
4.50 |
| 7 |
270 days to 364 days |
6.75 |
5.00 |
| 8 |
1 Year |
7.00 |
6.25 |
| 9 |
Above 1 year to less than than 2 years |
7.00 |
6.00 |
| 10 |
2 years to less than 3 years |
7.00 |
6.00 |
| 11 |
3 years |
6.75 |
6.00 |
| 12 |
Above 3 years |
6.75 |
6.00 |
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** Minimum deposit of Rs. 1 Lac |
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- For Minimum Deposit of Rs. 1 Lac
For Deposits of Rs.1 Crore and above, the Branches may refer to Head Office, Planning & MIS Department and obtain rates individually for each deposit and report acceptance of such deposits to Head Office. |
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- Effective Annualised Rate of Return (Indicative only)
In term of RBI’s monetary and credit policy guidelines to provide information on effective annualized rate of return on deposits of various maturities, we give here in below the effective annualized rates of return on Bank’s cumulative deposit schemes under the Reinvestment Plan on quarterly compounding basis:
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For deposits
less than Rs.15 lakh |
For
deposits of Rs.1 Crore and above |
| Maturity |
Rate of Interest (%) p.a. |
Annualised Rate of Return at minimum of the Maturity bucket (Indicative Only) % |
Rate of Interest (%) p.a. |
Annualised Rate of Return at
minimum of the Maturity bucket (Indicative Only) % |
| 180 days
to 269 days |
6.50 |
6.55 |
4.50 |
5.53 |
| 270 days to 364 days |
6.75 |
6.86 |
5.00 |
5.06 |
| 1year |
7.00 |
7.18 |
6.25 |
6.40 |
| Above1 year to
less than 2 years |
7.00 |
7.18 |
6.00 |
6.13 |
| 2 years to less than 3 years |
7.00 |
7.44 |
6.00 |
6.32 |
| 3 years
and above |
6.75 |
7.41 |
6.00 |
6.52 |
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SENIOR CITIZENS
The additional interest rate offered at present to Senior Citizens (Public other than staff)
on their Rupee Term Deposits is as under:
- On deposits of 6 months and above, the additional rate of interest of 0.5% p.a. will be applicable.
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