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| Interest rates for deposits General Public (*)
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| Interest rate for Senior Citizens:(FD & ACC Only) |
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0.50% extra over the general rate across all maturity slabs for deposits upto and incusive of Rs.1 crore for resident Senior Citizens only.
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| Maturity Pattern |
Interest Rate(% p.a) for Deposits upto & inclusive of Rs.1 Crore |
Interest Rate(% p.a) for Deposits of above Rs.1 crore upto & inclusive of Rs.5 crore |
Interest Rate(% p.a) for Deposits of above Rs. 5 Crore |
| 7 days to 45 days |
3.50 |
3.00 |
2.50 |
| 46 days to 90 days |
4.00 |
3.50 |
3.00 |
| 91 days to 180 days |
5.50 |
5.00 |
4.50 |
| 181 days to 364 days |
6.75 |
6.25 |
5.75 |
| 1 year & above, but less than 2 years |
7.50 |
7.00 |
6.50 |
| 2 year & above, but less than 3 years |
7.75 |
7.25 |
6.75 |
| 3 years & above, |
8.00 |
7.50 |
7.00 |
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| Premature Closure of both Domestic & NRE Deposits: |
For Regular deposit schemes:
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The penalty clause for premature closure of deposits on fresh deposits and renewals made is as follows:
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Penalty of 1% shall be levied for premature withdrawal of term deposit. While prematurely closing a deposit, interest on the deposit shall be paid at the rate applicable to the period for which the deposit remained with the bank after levying penal rate of 1%, and not at the contracted rate.
However, if the deposit is prematurely closed for reinvestment, interest shall be paid at the rate applicable to the period for which the deposit remained with the bank without penalty for the amount reinvested provided the reinvested deposit remains with the bank for a period longer than the remaining period of original deposit.
For Special deposit schemes: For deposits accepted under special deposit schemes i.e "KBL-375" and "KBL-400" and "KBL-Varsha", no penalty will be levied if the entire proceeds of the prematurely closed deposit is reinvested in term deposit schemes for a longer period than the maturity date of the original deposit. However, penalty of 2% will be levied on premature closure without reinvestment or reinvestment for shorter period than the maturity date of original deposit.
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| Interest rates on Special Deposit Schemes w.e.f 1stAugust, 2010 |
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The following interest rates shall be applicable for the new deposit schemes irrespective of quantum of deposit
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| Scheme |
Rate of Interest (% p.a) |
Remarks |
| - |
For General Public |
For Senior Citizens |
- |
| KBL - Tax Planner |
7.50 |
8.00 |
Period of deposit is fixed for 5 years only, for deposits not exceeding Rs. 1 lakh in a year. Premature closure under this scheme is not allowed. |
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| Interest Rates on NRE Term Deposits w.e.f. August 1st, 2010 |
| 1 year to less than 2 years |
2.79 |
| 2 years to less than 3 years |
2.49 |
| 3 years and upto 5 years |
2.82 |
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| Interest Rates on FCNR (B) Deposits w.e.f. August 1st, 2010 |
| Period |
Interest Rates per Annum |
| Currency (% P.A.) |
| USD |
GBP |
EUR |
CAD |
AUD |
JPY |
| 1 year only |
2.04 |
2.48 |
2.39 |
2.92 |
6.60 |
1.67 |
| Above 1 year but less than 2 years |
2.04 |
2.48 |
2.39 |
2.92 |
6.60 |
1.67 |
| 2 years and above but less than 3 years |
1.74 |
2.39 |
2.44 |
2.58 |
5.92 |
1.44 |
| 3 years and above but less than 4 years |
2.07 |
2.77 |
2.68 |
2.94 |
5.98 |
1.47 |
| 4 years and above but less than 5 years |
2.43 |
3.14 |
2.92 |
3.25 |
6.18 |
1.53 |
| 5 years only |
2.79 |
3.45 |
3.17 |
3.49 |
6.29 |
1.59 |
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| Broken period interest on FCNR (B) Deposits w.e.f. August 1st, 2009 |
| Currency |
USD |
GBP |
EUR |
CAD |
AUD |
JPY |
| Broken Period Interest |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
NIL |
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| Savings Bank Deposits w.e.f. May 31st , 2003 (%) |
| Domestic
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3.5 |
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| (*) Interest rates subject to change from time to time without prior notice. |