Rates of Interest on Domestic Term Deposits w.e.f. 10th June, 2022
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5.60 |
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Minor Deposit Scheme w.e.f. 01-11-2021 |
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0.40% extra over the general rate upto & inclusive of 5 crore only under Domestic FD and ACC Schemes (Not for deposit under NRE/NRO/FCNR(B) accounts) for resident Senior Citizens only for tenure 1 to 5 years and 0.50% extra over the general rate for tenure 5 to 10 years w.e.f. 09.11.2020. Senior Citizen interest rate benefit for term deposits below 1 year is withdrawn w.e.f. June 06, 2019. Additional interest rate benefits on Senior Citizen (General Public & Staff) domestic term deposits of above ₹ 5.00 Crore is withdrawn w.e.f. 01.09.2019. |
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Interest Rate (% p.a) for Deposits below Rs.2 Crore |
Interest Rate (% p.a) for Deposits Rs.2 Crore and upto Rs. 5 Crore |
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NRE Rupee Term Deposits
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5.60 |
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5.70 |
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Interest rates on Special Deposit Schemes w.e.f. 01.06.2021 |
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Savings Bank Account - Interest Rates
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Interest on FCNR (B) Deposits & RFC Deposits.
The Interest rates on FCNR (B) and RFC Deposits with effect from 01st June, 2022 are as under.
Period | USD | GBP | EUR | CAD | AUD | JPY | CHF | SEK | HKD | SGD |
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1 Year Only | 1.28 | 1.59 | 0.06 | 1.12 | 0.73 | 0.35 | 0.01 | 0.40 | 0.87 | 0.87 |
Above 1 year but less than 2 Years | 1.28 | 1.59 | 0.06 | 1.12 | 0.73 | 0.35 | 0.01 | 0.40 | 0.87 | 0.87 |
2 Years and above but less than 3 Years | 1.64 | 1.87 | 0.09 | 1.82 | 1.08 | 0.35 | 0.01 | 0.61 | 1.27 | 1.29 |
3 Years and above but less than 4 years | 1.86 | 1.97 | 0.13 | 1.98 | 1.35 | 0.44 | 0.04 | 0.91 | 1.59 | 1.59 |
4 Years and above but less than 5 Yrs | 1.96 | 2.01 | 0.19 | 2.03 | 1.54 | 0.45 | 0.13 | 1.05 | 1.70 | 1.79 |
5 Years only | 2.08 | 1.97 | 0.21 | 2.02 | 1.61 | 0.46 | 0.18 | 1.13 | 1.78 | 1.92 |
Interest Rates for RFC (Maturity less than 1 YEAR) w.e.f 31.03.2022 are as under.
Period | USD | GBP | EUR | CAD | AUD | JPY | CHF | SEK | HKD | SGD |
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Savings Bank | 0.18 | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL |
One Month to less than Three Months | 0.42 | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL |
Three Months to less than Six Months | 0.42 | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL |
Six Months but less than One Year | 0.42 | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL |
Broken period interest on FCNR (B) Deposits w.e.f from 01.07.2021.
Currency | USD | GBP | EUR | CAD | AUD | JPY | CHF | SEK | HKD | SGD |
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Broken Period Interest | 0.10% | 0.10% | NIL | 0.10% | 0.10% | NIL | NIL | NIL | NIL | NIL |