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Home » Interest rates for deposits
Interest Rates on Deposits for Resident and NRO (Rupee) Accounts   

Term Deposits (W.E.F 01.06.2012)

Maturity Range

Interest Rate(%p.a.)

7 days to 14 days

4.00

15 days to 45 days

4.00

46 days to 90 days

5.00

91 days to 180 days

6.75

181 days to less than 1 year

7.75

1year

8.75

More than 1 year to less than 1 Year 3 months

8.75

1year and 3 months (15 months)

8.85

More than 1year and 3 months to less than 2 Years

8.75

2 years to less than 3 Years

8.75

3 years

8.75

More than 3 year to less than 5 years

8.50

5 years to less than 8 years

8.00

8 years to  10 years

8.00

 

BRGB Tax Saving Scheme (5 Years and Above but up to 10 Years)

8.50

 

(Savings Deposits W.E.F. 03.05.2011)

Savings Deposits

Interest Rate (% p.a.)

Savings Account

4.00

 

Note:

         1.  Rate quoted are subject to change without notice.
       
         2.  The revised rates are applicable for fresh deposits and renewal of old deposits.
        
Additional interest of 0.50 % is paid  on all maturities for Term Deposits of Senior Citizens

Subject to:
  • Minimum (Initial) deposit amount is Rs.10,000/-.
  • Deposit period is minimum 1 year
  • Former depositor is senior citizen.
 
Interest rates on NRE Term Deposits (Effective from 16.08.2012)
 

Period

Rate

1 year and more but less than 2 years

9.00 %

2 years and more but less than 3 years

9.00 %

3 years and more but maximum 5 years

9.00 %

 

NRE Saving Bank Accounts

4.00 %

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