Deposit Rates

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Interest Rate on Domestic and NRO Term Deposits of Below Rs.1 Crore w.e.f. May 7, 2021 is as under:

Days/Years Inclusive Individuals, HUF, Co-op. Societies/ Non Scheduled UCBs/Regd. Trusts & All other categories of depositors/NRO Senior Citizens Residents Only
15 days to 45 days 3.00 % p.a. 3.25 % p.a.
46 days to 90 days 3.75 % p.a. 4.00 % p.a.
91 days to 180 days 4.00 % p.a. 4.25 % p.a.
181 days to 364 days 5.00 % p.a. 5.25 % p.a.
365 days to 24 months 5.30 % p.a. 5.55 % p.a.
15 Months 5.30 % p.a. 5.55 % p.a.
AV Deposit Scheme - 366 Days (Simple Interest) 5.30 % p.a. 5.55 % p.a.
Mangal Moorti Scheme- 24 months (Simple Interest) 5.30 % p.a. 5.55 % p.a.
Above 24 months to 36 months 5.30 % p.a. 5.55 % p.a.
Above 36 months to 60 months 5.60 % p.a. 5.85 % p.a.
Above 60 months to 120 months 5.60 % p.a. 5.85 % p.a.
Tax exemption Scheme (5 Years) 5.60 % p.a. 5.60 % p.a.

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.