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Interest Rates
Effective 5th May 2011, the interest rate on Savings account has been changed to 4% from 3.5%.
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Deposit Account |
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Nature |
Rate of Interest* |
Minimum Balance |
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Normal |
Senior Citizen |
Metro |
Urban |
Semi Urban |
Rural |
| Account |
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| 1. Savings Account |
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| A. Domestic |
4.00% |
4.00% |
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| a. With cheque book facility |
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10,000 |
10,000 |
10,000 |
10,000 |
| b. Without cheque book facility |
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Not available |
Not available |
Not available |
Not available |
| c. No Frills Account |
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250 |
250 |
250 |
250 |
| B. Non Resident (Savings account) |
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| a. NRO |
4.00% |
4.00% |
10000 |
10000 |
10000 |
10000 |
| a. NRE |
4.00% |
4.00% |
| # Interest Rate revised from 3.50% p.a to 4.00% p.a w.e.f. May, 2011 |
| * We have other Savings account variants where the minimum balance requirements are different |
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| Domestic & NRO Rates |
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Rates w.e.f.
2nd May 2013 |
| From |
Less than 1 Crore |
| |
Card Rates |
Senior Citizen Rates |
| 7 days |
6.25 |
6.25 |
| 8 days & up to 14 days |
6.25 |
6.25 |
| 15 days & up to 29 days |
6.50 |
6.50 |
| 30 days & up to 45 days |
7.00 |
7.00 |
| 46 days & up to 60 days |
7.00 |
7.00 |
| 61 days & up to 90 days |
7.00 |
7.00 |
| 91 days & up to 180 days |
7.00 |
7.00 |
| 181 days & up to 269 days |
7.50 |
7.50 |
| 270 days |
9.00 |
9.00 |
| 271 days to less than 1 year |
7.50 |
7.50 |
| 1 year & less than 15 months |
7.75 |
7.75 |
| 15 months |
7.75 |
7.75 |
| 15 months 1 day to less than 2 years |
7.75 |
7.75 |
| 2 year & less than 3 years |
7.90 |
7.90 |
| 3 years & less than 4 years |
8.00 |
8.00 |
| 4 years & less than 5 years |
8.10 |
8.10 |
| 5 years and above |
8.30 |
8.30 |
For interest rates on FDs of INR 1 Crore and above,
please contact your Relationship Manager or nearest branch. |
| NRE fixed deposit Card Rate wef 1st April 2013 |
| Period |
Less than 1 Crore |
| 1 year & less than 15 months |
7.75 |
| 15 months |
7.75 |
| 15 months 1 day to less than 2 years |
7.75 |
| 2 years & less than 3 years |
7.90 |
| 3 years & less than 4 years |
8.00 |
| 4 years & less than 5 years |
8.00 |
| 5 years |
8.00 |
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| FCNR Deposits (Interest Rate w.e.f 2nd May 2013) |
| Currency USD |
| Tenor |
Interest Rate |
| 1 year to upto 2 years |
1.00 |
| 2 years to upto 3 years |
0.86 |
| 3 years to upto 4 years |
0.95 |
| 4 years to upto 5 years |
1.10 |
| 5 years |
1.32 |
| Currency GBP |
| Tenor |
Interest Rate |
| 1 year to upto 2 years |
1.00 |
| 2 years to upto 3 years |
1.09 |
| 3 years to upto 4 years |
1.15 |
| 4 years to upto 5 years |
1.25 |
| 5 years |
1.40 |
| Currency EUR |
| Tenor |
Interest Rate |
| 1 year to upto 2 years |
0.60 |
| 2 years to upto 3 years |
0.89 |
| 3 years to upto 4 years |
0.98 |
| 4 years to upto 5 years |
1.10 |
| 5 years |
1.25 |
| Currency JPY |
| Tenor |
Interest Rate |
| 1 year to upto 2 years |
0.94 |
| 2 years to upto 3 years |
0.77 |
| 3 years to upto 4 years |
0.80 |
| 4 years to upto 5 years |
0.85 |
| 5 years |
0.90 |
| Currency CAD |
| Tenor |
Interest Rate |
| 1 year to upto 2 years |
2.26 |
| 2 years to upto 3years |
1.79 |
| 3 years to upto 4 years |
1.86 |
| 4 years to upto 5 years |
1.97 |
| 5 years |
2.09 |
| Currency AUD |
| Tenor |
Interest Rate |
| 1 year to upto 2 years |
3.65 |
| 2 years to upto 3years |
3.28 |
| 3 years to upto 4 years |
3.42 |
| 4 years to upto 5 years |
3.62 |
| 5 years |
3.76 |
| Currency CHF |
| Tenor |
Interest Rate |
| 1 year to upto 2 years |
0.30 |
| 2 years to upto 3years |
0.61 |
| 3 years to upto 4 years |
0.67 |
| 4 years to upto 5 years |
0.78 |
| 5 years |
0.89 |
| Currency SGD |
| Tenor |
Interest Rate |
| 1 year to upto 2 years |
0.90 |
| 2 years to upto 3years |
0.92 |
| 3 years to upto 4 years |
1.05 |
| 4 years to upto 5 years |
1.13 |
| 5 years |
1.29 |
| Currency HKD |
| Tenor |
Interest Rate |
| 1 year to upto 2 years |
0.90 |
| 2 years to upto 3years |
0.96 |
| 3 years to upto 4 years |
1.03 |
| 4 years to upto 5 years |
1.15 |
| 5 years |
1.32 |
| NRE and Resident Savings account (Interest Rate w.e.f. 2nd May 2013 ) |
| Tenor |
Interest Rate |
| - |
4.0% |
Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.
The Bank shall, on written request from all depositors, allow withdrawal of a Resident / NRO Term deposits and NRE / FCNR Deposits prior to the date of its maturity. The interest on prematurely withdrawn Resident/NRO Term Deposits and NRE / FCNR deposits will be paid for the period that such deposit is held, at the rate prevailing on the date of placement of such deposit or the contracted rate, whichever is lower, subject to a deduction of a 1% penalty. This penalty is applicable for deposits of INR 15 lakhs and above only.
However, no interest will be paid in case of NRE/FCNR Deposits prematurely withdrawn before the expiry of 1 (one) year from the date of deposit or its renewal. |
| Contact us for more information. |
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Charge Schedules
Tariff for saving account
Banking Forms
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