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RATES RATES

DEPOSIT RATES
Resident Indians Fixed Deposit Interest Rates(with effect from 02nd January, 2020)
Resident Indians Fixed Deposit Interest Rates (with effect from 02nd January, 2020)
Tenure Deposit Interest Rate
(percent per annum) 		Effective Annualised Yield (% per annum) * Rate for Senior Citizens (% per annum) Effective Annualised Yield (% per annum) *
Single Deposit of less than Rs.2 Cr.
7 days to 14 days 5.40% 5.40% 5.90% 5.90%
15 days to 45 days 5.65% 5.65% 6.15% 6.15%
46 days to 90 days 6.15% 6.15% 6.65% 6.65%
91 days to less than 6 months 6.35% 6.35% 6.85% 6.85%
6 months to less than 12 months 6.85% 7.00% 7.35% 7.52%
12 months 7.00% 7.19% 7.50% 7.71%
12 months 1 day to less than 15 months 7.25% 7.45% 7.75% 7.98%
15 months to less than 18 months 7.50% 7.79% 8.00% 8.33%
18 months 7.60% 7.97% 8.10% 8.52%
More than 18 months to less than 24 months 7.50% 7.94% 8.00% 8.50%
24 months 7.40% 7.90 % 7.90% 8.47%
More than 24 months to less then 36 months 7.40% 8.12% 7.90% 8.73%
36 months 7.70% 8.57% 8.20% 9.19%
More than 36 months to 60 months 7.50% 9.00% 8.00% 9.72%
More than 60 months to 120 months 7.25% 10.51% 7.75% 11.55%
Interest Rates for Domestic / NRO / NRE** Bulk Deposits (Effective For 22nd January, 2020 Only)
Tenure Deposit Interest rate (%per annum) for single deposit of Rs. 2 Cr. to less than  Rs. 5 Cr.
Regular Non - Callable
7 days to 14 days 4.50% -
15 days to 30 days 4.50% -
31 days to 45 days 4.75% -
46 days to 60 days 5.00% -
61 days to 89 days 5.10% 5.25%
90 days to less than 6 months 5.25% 5.50%
6 months to less than 9 months 6.00% 6.25%
9 months to less than 12 months 6.40% 6.80%
12 months to less than 15 months 7.00% 7.15%
15 months to less than 18 months 7.10% 7.25%
18 months to 36 months 7.10% 7.25%
More than 36 months to 60 months 7.10% 7.25%
More than 60 months to 120 months 7.10% 7.25%
Interest Rates for Domestic / NRO / NRE** Bulk Deposits (Effective for 22nd January, 2020 Only)
Tenure Deposit Interest rate (%per annum) for single deposit of Rs. 5 Cr. to less than Rs. 20 Cr.)
Regular Non - Callable
7 days to 14 days 4.50% -
15 days to 30 days 4.50% -
31 days to 45 days 4.75% -
46 days to 60 days 5.00% -
61 days to 89 days 5.10% 5.25%
90 days to less than 6 months 5.25% 5.50%
6 months to less than 9 months 6.00% 6.25%
9 months to less than 12 months 6.40% 6.80%
12 months to less than 15 months 7.00% 7.15%
15 months to less than 18 months 7.10% 7.25%
18 months to 36 months 7.10% 7.25%
More than 36 months to 60 months 7.10% 7.25%
More than 60 months to 120 months 7.10% 7.25%
Interest Rates for Domestic / NRO / NRE** Bulk Deposits (Effective for 22ndJanuary, 2020 Only)
Tenure Deposit Interest rate (%per annum) for single deposit of Rs. 20 Cr. and above
Regular Non - Callable
7 days to 14 days 4.50% -
15 days to 30 days 4.50% -
31 days to 45 days 4.75% -
46 days to 60 days 5.00% -
61 days to 89 days 5.10% 5.25%
90 days to less than 6 months 5.25% 5.50%
6 months to less than 9 months 6.00% 6.25%
9 months to less than 12 months 6.40% 6.80%
12 months to less than 15 months 7.00% 7.15%
15 months to less than 18 months 7.10% 7.25%
18 months to 36 months 7.10% 7.25%
More than 36 months to 60 months 7.10% 7.25%
More than 60 months to 120 months 7.10% 7.25%
Penalty for Premature Closure of Resident Deposits
Size of Deposit 7 - 13 days 14 - 29 days 30 days & above
Less than Rs. 2 crore No Interest 0.50% less than the applicable rate 0.50% less than the applicable rate
Rs. 2 crore and above No Interest No Interest 2% less than the applicable rate
Interest rate on Savings Bank Account w.e.f. 11-09-2019
Daily Balances in Savings Account (in INR) Amount (in INR) eligible for interest calculation Rate of Interest p.a.
Upto 1 lakh Upto 1 lakh 3.50%
1 lakh to less than 1 crore Upto 1 lakh 3.50%
Above 1 lakh 4.00%
1 crore to less than 5 crore Upto 1 lakh 3.50%
Above 1 lakh 6.00%
5 crore and above Upto 1 lakh 3.50%
Above 1 lakh 6.25%
Important Terms and Conditions
Rates of Interest are subject to revision without notice
A person who has completed 60 years of age 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.

Acceptance of bulk deposits is at the sole discretion of the bank.
*Annualised yield is calculated on the assumption of quarterly compounding frequency and for highest tenure in each slab
**Minimum tenor for NRE fixed deposit is 12 months.
Non callable deposits cannot be closed by the depositor before expiry of the term of such deposit.
NRE FD (Non Resident External Fixed Deposit) Interest Rates (with effect from 02nd January, 2020)
NRE FD (Non Resident External Fixed Deposit) Interest Rates (with effect from 02nd January, 2020)
Tenure Deposit Interest Rate
(% per annum)		 Effective Annualised Yield (% per annum) *
Single Deposit of less than Rs.2 Cr.
12 months 7.00% 7.19%
12 months 1 day to less than 15 months 7.25% 7.45%
15 months to less than 18 months 7.50% 7.79%
18 months 7.60% 7.97%
More than 18 months to less than 24 months 7.50% 7.94%
24 months 7.40% 7.90%
More than 24 months to less than 36 months 7.40% 8.12%
36 months 7.70% 8.57%
More than 36 months to 60 months 7.50% 9.00%
More than 60 months to 120 months 7.25% 10.51%
Penalty for Premature Closure of NRE Deposits
Size of Deposit Less than 1 year 1 year or more
Less than Rs. 2 crore No Interest 0.50% less than the applicable rate
Rs. 2 crore and above No Interest 2% less than the applicable rate
Important Terms and Conditions
Rates of Interest are subject to revision without notice
There is no additional benefit to NR Senior Citizen
Bank Treasury approval is required for "interest rate quotes and booking" for single deposit of Rs.2 Cr. and above
*Annualised yield is calculated on the assumption of quarterly compounding frequency and for highest tenure in each slab
NRO FD (Non Resident Ordinary Fixed Deposit) Interest Rates (with effect from 02nd January, 2020)
NRO FD (Non Resident Ordinary Fixed Deposit) Interest Rates (with effect from 02nd January, 2020)
Tenure Deposit Interest Rate
(% per annum)		 Effective Annualised Yield (% per annum) *
Single Deposit of less than Rs.2 Cr.
7 days to 14 days 5.40% 5.40%
15 days to 45 days 5.65% 5.65%
46 days to 90 days 6.15% 6.15%
91 days to less than 6 months 6.35% 6.35%
6 Month to less than 12 months 6.85% 7.00%
12 months 7.00% 7.19%
12 months 1 day to less than 15 months 7.25% 7.45%
15 months to less than 18 months 7.50% 7.79%
18 months 7.60% 7.97%
More than 18 months to less than 24 months 7.50% 7.94%
24 months 7.40% 7.90%
More than 24 months to less than 36 months 7.40% 8.12%
36 months 7.70% 8.57%
More than 36 months to 60 months 7.50% 9.00%
More than 60 months to 120 months 7.25% 10.51%
Penalty for Premature Closure of NRO Deposits
Size of Deposit 7 - 13 days 14 - 29 days 30 days & above
Less than Rs. 2 crore No Interest 0.50% less than the applicable rate 0.50% less than the applicable rate
Rs. 2 crore and above No Interest No Interest 2% less than the applicable rate
Important Terms and Conditions
Rates of Interest are subject to revision without notice
There is no additional benefit to NR Senior Citizen
Bank Treasury approval is required for interest rate quotes and booking for single deposit of Rs.2 crore and above
*Annualised yield is calculated on the assumption of quarterly compounding frequency and for highest tenure in each slab
FCNR (B) Deposit Interest Rates Per Annum  (with effect from December 18, 2019)
FCNR (B) Deposit Interest Rates Per Annum (with effect from 18th December, 2019)
Currency 1 year and above but less than 2 years 2 years and above but less than 3 years 3 years to less than 4 years 4 years to less than 5 years 5 years
USD 3.00% 2.75% 2.50% 2.50% 2.50%
GBP 1.10% 1.10% 1.10% 1.10% 1.10%
EUR 0.10% 0.10% 0.10% 0.10% 0.10%
AUD 1.75% 1.75% 1.75% 1.75% 1.75%
CAD 2.65% 2.55% 2.25% 2.15% 2.15%

*Subject to ceiling of LIBOR / SWAP rates relevant for the period

Important Terms and Conditions
There is no additional benefit to NR Senior Citizen
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 :
In case a foreign currency denominated deposit with a fixed maturity date remains inoperative for a period of three years from the date of maturity of the deposit, at the end of the third year, the authorised bank shall convert the balances lying in the foreign currency denominated deposit into Indian Rupee at the exchange rate prevailing as on that date. Thereafter, the depositor shall be entitled to claim either the said Indian Rupee proceeds and interest thereon, if any, or the foreign currency equivalent (calculated at the rate prevalent as on the date of payment) of the Indian Rupee proceeds of the original deposit and interest, if any, on such Indian Rupee proceeds.
In case of foreign currency denominated deposit with no fixed maturity period, if the deposit remains inoperative for a period of three years (debit of bank charges not to be reckoned as operation), 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. Thereafter, the depositor shall be entitled to claim either the said Indian Rupee proceeds and interest thereon, if any, or the foreign currency equivalent (calculated at the rate prevalent as on the date of payment) of the Indian Rupee proceeds of the original deposit and interest, if any, on such Indian Rupee proceeds.
For 1 year FCNR, prematurely withdrawn – no interest will be paid
For FCNR more than 1 year to 5 years, prematurely withdrawn penalty will be 1%
FCNR Deposit interest rates are compounded half yearly.
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.
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