Deposit Rates

Ensuring your Savings are Built Up

Home > Rate Of Interest > Deposit Rates

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.