|Maturity Buckets||Deposits less than Rs.2 Cr||Rs.2 Cr & above but less than Rs.10 Crs|
|w.e.f. 10.04.2019||w.e.f. 25.03.2019|
|7 days to 14 days||5.25*||4.80|
|15 days to 30 days||5.25||4.80|
|31 days to 45 days||5.25||4.80|
|46 days to 90 days||5.75||4.80|
|91 days to 179 days||6.00||4.90|
|180 days to 269 days||6.25||5.00|
|270 days to less than 1 year||6.25||5.00|
|1 Year & above but less than 2 Yrs
(Except 444 days w.e.f. 10.04.2019)
|444 days (New Bucket introduced)||6.75#||6.50|
|2 years & above to less than 3 years||6.70||6.60|
|3 years & above to less than 5 years||6.50||5.25|
|5 years & above to less than 8 years||6.50||5.25|
|8 years & above to 10 years||6.35||5.25|
*Minimum Deposit Rs.1 Lakh
# 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.
Non-Callable Rupee Term Deposit scheme has been suspended w.e.f. 10.07.2017
|Type of Accounts||Additional Staff Rate applicable to Staff/Ex-Staff||Additional Senior Citizen Rate applicable to Senior Citizen/Ex-Staff Senior Citizen|
|HUF||Not Applicable||Not Applicable|
|Capital Gain Scheme||Not Applicable||Not Applicable|
|NRE/NRO Deposits||Not Applicable||Not Applicable|
In case of premature withdrawal, “the applicable rate of interest on the date of acceptance of deposit for the actual period which the deposit has remained with the bank or contracted rate of interest whichever is LOWER shall be applicable.”*(Please refer Penalty Details under Retail -> deposits -> Term -> Penalty Details).
No interest will be paid for premature withdrawal below 7 days in case of Term Deposits,below 3 months in case of Recurring Deposits and below 12 months in case of NRE Deposits.
Deposits Accepted/ Renewed On or After 01.04.2016
Please Note Penalty on Premature Withdrawals shall be Applicable for Fresh / Renewed Deposits w.e.f. 01-04-2016
|Category of the deposits||Penalty on premature withdrawal of the deposit|
|Deposits less than Rs. 5 Lacs withdrawn on or after completion of 12 months||NIL|
|Deposits less than Rs. 5 Lacs withdrawn prematurely before completion of 12 months||0.50%|
|Deposits of Rs. 5 Lacs & above withdrawn prematurely||1.00%|
* In case of the deposits which have been prematurely closed for renewing for a longer period than the remaining period of the original contract tenure, there shall be “No penalty” for the premature withdrawal irrespective of the amount of the deposit.
* No Penalty for the premature withdrawal of Term deposits due to death of depositor/s
* No penalty on premature withdrawals of Term Deposits by Staff, Ex- Staff, Staff/Ex-Staff Senior Citizens and spouse of deceased staff as a first account holder
Please Note the penalty applicable in the Capital Gain Account Scheme shall remain unchanged.
TDS applicable on Term deposits( as per amendments in Finance Act 2015)
TDS will be deducted on the interest earned on the total amount of deposits held by a customer in the Bank as a whole, and not on individual deposits held by him branch-wise including Recurring Deposits.