Deposit Interest Rates

Domestic term deposits (w.e.f. 2 Dec 2024)

0.50% extra for Senior Citizens*

Click here to view new slab for domestic callable term deposit of above Rs.10Cr

Click here to view the Policy on Deposits for FY 2024-25

DOMESTIC/NRO/NRE Non-callable term deposits

Maturity periodInterest rate (% p.a) for deposits Rs.2Cr
up to below Rs.3Cr, general public		Interest rate (% p.a) for deposits Rs.3Cr up to Rs.10Cr, general publicInterest rate (% p.a) for deposits Rs.2Cr up to below Rs.3Cr, senior citizen*Interest rate (% p.a) for deposits Rs.3Cr up to Rs.10Cr, senior citizen*
1-2 years7.507.508.008.00
375 days7.75-8.25-
Above 2 years to3  years6.756.757.257.25

*Additional interest rate mentioned above for senior citizens is payable per customer, under domestic FD and ACC schemes only and not for deposits under NRE/NRO/FCNR (B) accounts.

DOMESTIC/NRO callable term deposits (General public)

Maturity period Interest rate (% p.a.) for deposits below ₹ 3 crore Interest rate (% p.a.) for deposits ₹3 crore up to ₹5 crore Interest rate (% p.a.) for deposits above ₹5 crore up to ₹10 crore
7 days to 45 days 3.50 3.50 3.50
46 days to 90 days 4.00 4.00 6.00
91 days to 179 days 5.25 5.25 6.25
180 days to below 1 year 6.25 6.25 6.25
1 year to 2 years 7.25 7.25 7.25
375 days (FD & ACC) 7.50 - -
Above 2 years to 5 years 6.50 6.50 6.50
Above 5 years to 10 years 5.80 5.80 5.80

Minor deposit scheme

Maturity pattern Interest rate (% p.a.)
7 days to 10 years As applicable for domestic callable & non - callable term deposits
Above 10 years 5.50

Domestic callable term deposits Interest rates for senior citizens (FD & ACC only) w.e.f. 2 Dec 2024

Resident senior citizens get extra 0.25% above general rate up to & inclusive of  ₹5 crore only under domestic FD and ACC Schemes (Not for deposit under NRE/NRO/FCNR(B) accounts) for a tenure of 7 days to below 1 years, and extra 0.50% above general rate for tenure 1 year to 10 years.

Additional interest rate benefits on Senior Citizen (General Public and Staff) domestic callable term deposits above ₹ 5 Crore is withdrawn w.e.f. 1 Sep 2019.

Maturity period Interest rate (% p.a.) for deposits below ₹3 crore Interest rate (% p.a.) for deposits ₹3 crore up to ₹5 crore
375 days (FD & ACC) 8.00 -
1 year to 2 years 7.75 7.75
Above 2 years to 5 years 7.00 7.00
Above 5 years to 10 years 6.30 6.30

NRE rupee callable term deposits (w.e.f. 2 Dec 2024)

Interest rates for NRE Rupee term deposits

Maturity period Interest rate (% p.a.) for deposits below ₹3 crore Interest rate (% p.a.) for deposits ₹3 crore up to ₹10 crore
375 days (FD & ACC) 7.50 -
1 year to 2 years 7.25 7.25
Above 2 years to 5 years 6.50 6.50
Above 5 years - 10 years 5.80 5.80

Premature closure (w.e.f 11 Feb 2024)

Premature Closure of both Domestic/NRO and NRE Rupee Deposits:

Penalty charges for premature withdrawal of domestic callable term deposits.

Penalty on applicable rate to be levied for premature closure of domestic callable term deposits is as follows:

For single callable term deposit of                  Penalty                                                                        
Below ₹2 crore0.5%
₹2 crore to ₹25 crore1%
Above ₹25 croreNil

In case of splitting of the amount of callable term deposit at the request from the claimant/s of deceased depositors or Joint account holders, no penalty for premature withdrawal of the callable term deposit shall be levied if the period and aggregate amount of the deposit do not undergo any change. Bank is poised its customer with Flexi deposit, wherein levying penalty interest for premature closure will not be applicable.

Penalty charges for premature withdrawal of NRO/NRE rupee callable term deposits

Penalty on applicable rate to be levied for premature closure of NRI rupee callable term deposits is as follows:

For single callable term deposit of                  Penalty                                                                        
Below ₹2 crore0.5%
₹2 crore to ₹25 crore1%
Above ₹25 croreNil

No penalty shall be levied for premature withdrawal of NRE callable term deposits for conversion into Resident Foreign Currency (RFC) Account. Penalties for premature withdrawal shall be levied for conversion of NRE deposit into FCNR (B) deposit and vice versa.

The rate of interest for premature closure of callable Term Deposits is as follows:
  • Callable term deposits below ₹2 crore.
    • Penalty of 0.50% on the “Applicable Rate of Interest”.
  • Callable term deposits above ₹2 crore 
    • Penalty of 1.00% on the “Applicable Rate of Interest”.
SchemeFor single callable term deposit of                  Penalty                                                                        
KBL Tax Planner

6.50 for general public

6.90 for senior citizens

The period of deposit is fixed for 5 years only, for deposits not exceeding ₹1.5 lakh in a year. Premature closure is not allowed under scheme.

Interest on FCNR (B) Deposits & RFC Deposits.

The Interest rates on FCNR (B) and RFC Deposits with effect from 01st August, 2024 are as under.

Period USD GBP EUR CAD AUD JPY CHF SEK HKD SGD
1 year only 5.75 5.35 3.00 4.30 3.50 0.15 0.05 0.15 0.33 0.42
Above 1 - < 2 years 5.75 5.35 3.00 4.30 3.50 0.15 0.05 0.15 0.33 0.42
2 years - < 3 years 4.65 3.25 1.50 4.10 3.50 0.16 N/A N/A 0.72 0.84
3 years - < 4 years 4.20 2.84 1.50 3.30 3.25 0.12 N/A N/A 0.74 0.78
4 years - < 5 years 4.00 2.82 1.50 3.27 3.25 0.09 N/A N/A 0.65 0.78
5 years only 3.90 2.72 1.50 3.22 3.50 0.09 N/A N/A 0.57 0.78

Interest rates for RFC deposits (maturity less than 1 year) w.e.f. 1.08.2024

Period USD GBP EUR CAD AUD JPY CHF SEK HKD SGD
Savings bank 0.30 Nil Nil Nil Nil Nil Nil Nil Nil Nil
1 month - < 3 months 0.50 Nil Nil Nil Nil Nil Nil Nil Nil Nil
3 months - < 6 months 0.75 Nil Nil Nil Nil Nil Nil Nil Nil Nil
6 months - < 1 year 1.00 Nil Nil Nil Nil Nil Nil Nil Nil Nil

Broken period interest rates for FCNR(B) deposits w.e.f 01.08.2024

Period USD GBP EUR CAD AUD JPY CHF SEK HKD SGD
Broken period interest 0.10 0.10 Nil 0.10 0.10 Nil Nil Nil Nil Nil