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RUPEE DEPOSITS |
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TENOR |
RATE OF INTEREST
P.A |
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For Resident & NRO Deposits - Less than INR 1.5 MM
(wef 04/08/2011) |
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| 7 days to 14 days | 0.00 | |||||
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15
days to 30 days |
3.00 |
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31
days to 45 days |
4.00 |
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46
days to 90 days |
5.00 |
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91
days to 180 days |
6.00 |
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181
days to 240 days |
6.50 |
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241
days to 364 days |
7.00 |
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1
year and upto 2 years |
7.50 |
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14 months |
8.00 |
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| 500 days | 8.25 | |||||
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1000 days |
7.25 |
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Above
2 years and upto 5 years |
7.00 |
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Over 5 years |
7.00 |
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For Resident & NRO Deposits -
Recurring Deposits (Advantage Plus ) (wef 04/08/2011) |
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1
Year |
7.50 |
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2
Years |
7.50 |
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3 Years |
7.00 |
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For NRE Deposits and Advantage Plus - Recurring
Deposits (Wef 01/09/2011) |
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1
Year |
2.54 |
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2
Years |
2.26 |
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3
Years |
2.41 |
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FOREIGN CURRENCY
DEPOSITS (wef 01/09/2011) |
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|
USD |
GBP |
EURO |
AUD |
CAD |
JPY |
|
1
Year and above but less than two years |
1.79 |
2.64 |
|
6.10 |
|
1.55 |
|
2
Year and above but less than three years |
1.51 |
- |
- |
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|
- |
|
3
Year and above but less than four years |
1.66 |
- |
- |
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|
- |
|
4
Year and above but less than five years |
1.95 |
- |
- |
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|
- |
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5
Years only |
2.27 |
- |
- |
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- |
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RFC USD (Wef
01/09/2011) |
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1
Year |
1.79 |
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NOTE:
1) For deposits of INR 1.5 MM and above - The rates will be quoted on a daily basis including the bucket of 7-14 days.
2) 1% Penalty plus swap cost of FCNR (B) deposits for premature withdrawal (Swap Cost applicable only for deposits above USD. 30,000/-).
3) No interest is payable on premature closure of FCNR deposit within a period of 1 year.
4) No interest is payable if the Resident/NRO deposit is prematurely withdrawn within 30 days from the date of deposit.
5) Penalty of 1% on all Resident/ NRO deposits will be levied if the deposit is prematurely withdrawn after 30 days.
6) No interest is payable if the NRE deposit is prematurely withdrawn before 1 year.
7) 1% penalty on NRE Term Deposit if prematurely withdrawn after 1 year.
8) Resident/NRE/NRO Savings Account - interest rate @ 4.00% per annum.
9) Cumulative facility is available for all categories of Term Deposit accounts.
10) Resident Senior Citizens will be paid an additional interest of 0.6% p.a. on their Term Deposits.
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