Current interest rates are available online for the following:
Please click here for single deposit interest rate of Rs 1 Crore and above

Resident Indians & NRO Term Deposits Interest Rates* p.a. with effect from 20th October, 2014
Maturity Period Deposit Interest Rate *
(percent per annum)
Effective annualised yield p.a. Deposit Interest Rate for Senior Citizens* (percent per annum) Effective annualised yield p.a.
Single Deposit of less than Rs 100 lacs:   Single Deposit of less than Rs 100 lacs:  
14 Days 3.00% 3.00% 3.50% 3.50%
15 Days to 45 Days 4.00% 4.00% 4.50% 4.50%
46 Days to 90 days 5.00% 5.00% 5.50% 5.50%
91 days to less than 6 Months 6.25% 6.25% 6.75% 6.75%
6 Months to less than 12 months 8.75% 9.01% 9.25% 9.54%
12 months to less than 13 months 9.00% 9.31% 9.50% 9.84%
13 months to less than 24 months 9.25% 9.92% 9.75% 10.49%
24 months to 36 months 9.30% 10.59% 9.80% 11.23%
More than 36 months to less than 60 months 9.10% 11.23% 9.60% 11.98%
60 months 9.25% 11.59% 9.75% 12.37%
More than 60 months to 120 months 8.75% 13.76% 9.25% 14.95%
 
A person who has completed the age of 60 years at the time of booking term deposit will be treated as a senior citizen and would be eligible for additional interest of 0.50% above the existing rates (Not Applicable for NRO and NRE Deposits).
 
Annualised yield is calculated on the assumption of quarterly compounding frequency and for highest tenure in each slab.


Non Residential (External) Term Deposit (with effect from 20th October, 2014 )
Term Deposit Interest Rate (percent per annum) - NRE Rupee Term deposits Effective annualised yield Per Annum
  Single Deposit of less than Rs 100 lacs:  
12 months to less than 13 months 9.00% 9.31%
13 months to less than 24 months 9.25% 9.92%
24 months to 36 months 9.30% 10.59%
More than 36 months to less than 60 months 9.10% 11.23%
60 months 9.25% 11.59%
More than 60 months to 120 months 8.75% 13.76%
Important Terms and Conditions
1. Rates of Interest are subject to revision without notice
2. Bank Treasury approval is required for "interest rate quotes and booking" for single deposit of Rs 1 crore and above
3. There is no additional benefit to NR Senior Citizen
4. If a deposit is withdrawn before 1 year term, no interest will be payable
5. For premature withdrawals of deposits (for single deposit of less than Rs100 Lacs), Bank will pay 0.5% lower from the rate as applicable for the tenure     deposit was held with the Bank
6. For premature withdrawals of deposits (for single deposit of Rs100 Lacs and above), Bank will pay 2% lower from the rate as applicable for the tenure     deposit was held with the Bank
Annualised yield is calculated on the assumption of quarterly compounding frequency and for highest tenure in each slab.

Foreign-Exchange rate schedule for spot transactions (valid for transactions upto Rs. 2,50,000.00 equivalent in any currency . Rates updated on 21-10-2014)
TT Bills TC CN
Units Currency Sell Buy Sell Buy Sell Buy Sell Buy
1USD61.5761.0261.8260.7862.6559.9563.4559.2
1SAR16.4216.2616.4916.1916.7515.951715.75
1NOK9.49.319.449.279.69.159.759
100JPY57.7857.2658.0157.0358.856.2559.5555.55
1GBP99.5698.6799.9698.28101.396.9102.695.65
1EUR78.8578.1579.1777.8480.2576.7581.2575.75
1DKK10.5910.510.6310.4610.810.310.9510.15
1CHF65.3664.7865.6264.5266.563.6567.3562.85
1CAD54.654.0654.8253.8455.653.156.352.4
1AUD54.2353.7554.4553.5455.252.855.952.1
1AED16.7716.616.8416.5317.116.317.3516.1


Foreign Currency Deposit Interest Rates (FCNR (B) Deposit Interest Rate: - with effect from 1st October, 2014 )
Currency 1 year and above but less than 2 year 2 years and above but less than 3 year 3 years 4 years 5 years
USD3.28%2.82%4.29%4.69%4.96%
GBP2.80%3.28%4.61%4.85%5.03%
EUR2.19%2.20%3.26%3.34%3.47%
CAD3.47%3.45%4.67%4.85%5.02%
AUD4.74%4.83%5.94%6.18%6.33%
* Interest rates are subject to change from time to time. Applicable rates will be given as on the date of receipt of the funds by the bank
Important Terms and Conditions
1. There is no additional benefit to NR Senior Citizen
2. Referring to the subsections (1) and (5) of Section 26(A) of the Banking Regulation Act, 1949 and Foreign Exchange Management
    (Crystallization of Inoperative Foreign Currency Deposits) Regulations, 2014 dtd 21-03-2014, RBI has advised AD - Banks to convert the credit balances
    in any inoperative foreign currency denominated deposit into Indian Rupee, in the manner indicated below :
3. Foreign currency denominated deposit with no fixed maturity period: the authorised bank shall, after giving a three month notice to the depositor
    at his last known address as available with it, convert the deposit from the foreign currency in which it is denominated to Indian Rupee at the
    end of the notice period at the prevailing exchange rate.
4. For 1 year FCNR, prematurely withdrawn - no interest will be paid
5. For FCNR more than 1 year to 5 years, prematurely withdrawn penalty will be 1%
6. FCNR Deposit interest rates are compounded half yearly.
7. The FCNR (B) deposit interest rates are subject to change and the interest rate prevailing on the day of processing the FCNR deposit booking will be
    applied.

Penalty for Premature Closure of Deposits
Size of Deposit 7 - 13 days 14 - 29 days 30 days & above
Less than Rs 1 crore No Interest 0.50% less than the applicable rate 0.50% less than the applicable rate
Rs 1 crore and above No Interest No Interest 2% less than the applicable rate


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