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Interest Rate

  • Rates for NRE Rupee Term Deposits  
    Maturity For Deposits of Less than Rs.1 Cr. For deposits of Rs.1 Cr & above but less than Rs.10 Cr
    Rate w.e.f 
    07.09.18
    Rate w.e.f 
    11.06.18
    1 Year & above but less than 2 Years 6.65 6.50
    2 Years & above but less than 3 Years 6.70 6.60
    3 Years to less than 5 years 6.50 5.25
    5 years and above up to 10 Years 6.50 5.25
    8 years& above to 10 Years 6.35 5.25
     

    Rs.10 Cr & above

    Please contact nearest Branch for rate of interest on deposits for Rs.10 cr & above

    Premature Withdrawal:

    No interest payable for NRE Term Deposits remained with the Bank for less than 12 Months & hence, No Penalty.

    Nil Penalty- Deposits of less than Rs.5 Lacs remained with the Bank for 12 Months and above

    Penalty @1.00% - Deposits of Rs. 5 Lacs & above withdrawn prematurely after completion of 12 months

  • RATE OF INTEREST ON FCNR 'B' DEPOSITS: W.E.F. 01.12.2018
    (PERCENTAGE PER ANNUM)
      MATURITY USD GBP EUR JPY CAD AUD
    A 1 YR TO LESS THAN 2 YRS 3.65 1.50 0.29 0.53 3.05 2.47
    B 2 YRS TO LESS THAN 3 YRS 3.73 1.66 0.35 0.54 3.04 2.55
    C 3 YRS TO LESS THAN 4 YRS 3.73 1.74 0.48 0.55 3.09 2.64
    D 4 YRS TO LESS THAN 5 YRS 3.71 1.80 0.63 0.56 3.11 2.89
    E 5 YRS (Maximum) 3.70 1.85 0.78 0.58 3.13 2.98
     

    Premature Withdrawal

    No interest will be payable on premature withdrawal of deposit within twelve months from the date of deposit.

    On premature withdrawal of deposit which has remained with the bank for a period above 12

    months, penalty of 1% is applicable from the date of deposit, till the period for which the deposit remained with the bank.

  • RATE OF INTEREST ON RFC TERM DEPOSITS: W.E.F. 01.12.2018
      MATURITY USD GBP
    A 1 YR TO LESS THAN 2 YRS 3.65 1.50
    B 2 YRS TO LESS THAN 3 YRS 3.73 1.66
    C 3 YRS (Maximum) 3.73 1.74
  • RATE OF INTEREST ON RFC SB DEPOSITS: W.E.F. 01.12.2018
    USD GBP
    2.35 0.73

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