Interest Rate on Domestic and NRO Term Deposits (below INR 2 Crores) w.e.f. March 22, 2022 is as under:
| Days/Years Inclusive |
Individuals, HUF, Co-op. Societies/ Non Scheduled UCBs/Regd. Trusts & All other categories of depositors/NRO (Below INR 2 Crores) |
Senior Citizens Residents Only (Below INR 2 Crores) |
| 15 days to 45 days |
2.90 % p.a. |
3.15 % p.a. |
| 46 days to 90 days |
3.65 % p.a. |
3.90 % p.a. |
| 91 days to 109 days |
4.00 % p.a. |
4.25 % p.a. |
| 110 days |
4.35 % p.a. |
4.60 % p.a. |
| 111 days to 180 days |
4.00 % p.a. |
4.25 % p.a. |
| 181 days to 364 days |
4.90 % p.a. |
5.15 % p.a. |
| 365 days to 24 months |
5.10 % p.a. |
5.35 % p.a. |
| Above 24 months to 36 months |
5.50 % p.a. |
5.75 % p.a. |
| Above 36 months to 60 months |
5.75 % p.a. |
6.00 % p.a. |
| Above 60 months to 120 months |
6.00 % p.a. |
6.75 % p.a. |
| Tax exemption Scheme (5 Years) |
5.75 % p.a. |
5.75 % p.a. |
Note: AV Deposit Scheme – 366 Days (Simple Interest) & Mangal Moorti Scheme – 24 months (Interest Payout): These Schemes will have interest rate payable as per 365 days to 24 months tenor slab only.
Interest Rate on Domestic and NRO Term Deposits (INR 2 Crores and above) w.e.f. March 22, 2022 is as under:
| Days/Years Inclusive |
Individuals, HUF, Co-op. Societies/ Non Scheduled UCBs/Regd. Trusts & All other categories of depositors/NRO (INR 2 Crores and above) |
Senior Citizens Residents Only (INR 2 Crores and above) |
| 15 days to 45 days |
2.90 % p.a. |
3.15 % p.a. |
| 46 days to 90 days |
3.25 % p.a. |
3.50 % p.a. |
| 91 days to 109 days |
3.75 % p.a. |
4.00 % p.a. |
| 110 days |
3.80 % p.a. |
4.05 % p.a. |
| 111 days to 180 days |
3.75 % p.a. |
4.00 % p.a. |
| 181 days to 364 days |
4.25 % p.a. |
4.50 % p.a. |
| 365 days to 24 months |
4.75 % p.a. |
5.00 % p.a. |
| Above 24 months to 36 months |
5.00 % p.a. |
5.25 % p.a. |
| Above 36 months to 60 months |
5.00 % p.a. |
5.25 % p.a. |
| Above 60 months to 120 months |
5.00 % p.a. |
5.25 % p.a. |
Note: AV Deposit Scheme – 366 Days (Simple Interest) & Mangal Moorti Scheme – 24 months (Interest Payout): These Schemes will have interest rate payable as per 365 days to 24 months tenor slab only.
Penalty of 1% will be charged on the applicable rate for the period run in case of pre-mature closure of any term deposit with or without re-investment.