|Maturity||For Deposits of Less than Rs.2 Cr.||For deposits of Rs.2 Cr & above but less than Rs.10 Cr|
|1 Year & above but less than 2 Years
(Except 444 days w.e.f. 10.04.2019)
|444 days (New Bucket introduced)||6.75#||6.70|
|2 Years & above but less than 3 Years||6.70||6.70|
|3 Years to less than 5 years||6.50||6.50|
|5 years and above up to 10 Years||6.50||6.50|
|8 years& above to 10 Years||6.35||6.35|
# 444 Days is applicable for deposit less than Rs 2 crore.
Rs.10 Cr & above
Please contact nearest Branch for rate of interest on deposits for Rs.10 cr & above
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Penalty @1.00% - Deposits of Rs. 5 Lacs & above withdrawn prematurely after completion of 12 months
|(PERCENTAGE PER ANNUM)|
|A||1 YR TO LESS THAN 2 YRS||2.84||1.40||0.15||0.45||2.60||1.58|
|B||2 YRS TO LESS THAN 3 YRS||3.40||1.34||0.13||0.41||2.29||1.54|
|C||3 YRS TO LESS THAN 4 YRS||2.47||1.35||0.16||0.39||2.24||1.55|
|D||4 YRS TO LESS THAN 5 YRS||2.47||1.37||0.21||0.39||2.22||1.66|
|E||5 YRS (Maximum)||2.51||1.40||0.28||0.40||2.23||1.72|
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.
|A||1 YR TO LESS THAN 2 YRS||2.84||1.40|
|B||2 YRS TO LESS THAN 3 YRS||3.40||1.34|
|C||3 YRS (Maximum)||2.47||1.35|