|
Interest Rates on Domestic Term Deposits % p.a (w.e.f. 23.09.2011)
(% per annum)
Period |
Less Than Rs. 15 Lakhs |
Rs. 15
Lakhs to Rs. 5 Crore
|
7days to 14 days |
6.25 |
6.25 |
15 days to 29 days |
6.25 |
6.25 |
30 days to 45 days |
6.25 |
6.25 |
46 days to 90 days |
6.25 |
6.25 |
91days to 120 days |
7.00 |
7.00 |
121 days to 180 days |
7.50 |
7.50 |
181 days to less than 9 months |
7.75 |
7.75 |
9 months to less than 1 year |
9.25 |
9.25 |
1 year to less than 3 years |
9.50 |
9.25 |
3 years and above |
9.00 |
9.00 |
- applicable for single bulk deposit of Rs. 1 lakh and above
- “INDIAN BONANZA” – 91 days deposit at 9.10%
p.a applicable for deposit upto 5 Crore
- “IND PREMIUM & IND EXCEL” -- domestic term
deposit products operational with effect from 18.05.2012:
| Product |
Period |
Rate of interest( p. a.) |
| IND PREMIUM |
333 days |
9.50 % |
| IND EXCEL |
200 days |
9.25 % |
**The minimum amount of deposit under these products
is Rs.1000 (Rupees One Thousand only) with no maximum ceiling.
**Senior Citizen / Staff / Senior Citizen Ex Staff are eligible
for applicable additional rate of interest in the respective
categories |
|
IMPORTANT:
* At present, for Special Domestic
Term Deposit scheme for Senior Citizens,
for
deposits up to r 1 crore additional rate
of interest of 0.75% p.a is payable for 15
days to 10 years over the card rate in respect
of Short Term Deposit, Fixed
Deposit, Reinvestment Plan Schemes. For Recurring
Deposit, additional interest
rate of 0.75% p.a is payable for the period
of 6 months to 120 months (multiples of
3 months). Now the ceiling limit upto r 1
crore is enhanced and deposit upto
Rs 5 crore is permitted under this category.
* The rates are applicable to IB Tax Saver
schemes also. For the deposits of Senior
Citizens, under this scheme, additional rate
of 0.75% p.a is payable for the
respective maturity period.
* The rate of interest on domestic term
deposit is also applicable to Capital Gains
Scheme Type B (Term Deposits) 1988 Scheme.
The revised interest rates on domestic term
deposits and additional interest rates for
senior citizens are applicable only to fresh
deposits and on renewal of maturing
deposits.
|
• Interest
Rates on SB / NRO / NRE Accounts (Savings
Bank Account, No Frill account, Non Resident
Ordinary and Non Resident External Account)
|
| • NRE/
FCNR/ RFC (Term & SB)
Deposits in various foreign currencies for 1, 2, 3, 4 and 5 year terms |
| • Deposit
rates of above Rs 5 crore
(Depostis of amount rs 5 crore and above) |
| • Foreclosure
charges (Charges for foreclosure of domestic term deposits) |
