Resident Domestic Deposits

Interest Rates

Rates of Interest on domestic deposits w.e.f. 21.11.2016

Domestic Term Deposits (Card Rates)
Time Bucket Revised  interest
(Less than 1 crore) (w.e.f. 21.11.2016)
7 Days to 14 days  5.00%
15 Days to 30 days  5.00%
31 Days to 45 days  5.50%
46 Days to 90 days  6.00%
91 Days to 180 Days 7.00%
181 Days to 270 days  7.00%
271 Days to less than 1 year  7.00%
1 year to less than 2 years  7.00%
2 years to less than 3 years  7.00%
3 years and above 7.00%
KVB - Tax Shield 7.00%
Senior Citizens Deposits (Card Rates):
Time Bucket Revised rate
(w.e.f. 21.11.2016)
1 year to less than 2 years 7.50%
2 years to less than 3 years 7.50%
3 years to 5 years 7.50%
KVB - Tax Shield Deposits  7.00%

Kindly contact the nearest branch for deposits above Rs.1 crore.

Maximum Ceiling limit for acceptance of Senior Citizens deposits is Rs.5 crore.

 

Penal Interest on pre closure of deposits

 

  • Up to Rs.1 crore of Deposit – Penalty of 1% from applicable ROI
  • Above Rs.1 crore of deposit – Pre closure Penalty norms applicable

Interest will be calculated at the rate applicable for the period the deposit has actually remained with the bank. The rates are subject to change without notice

 

Flexi Term Deposits
Time Bucket Revised rate
(w.e.f. 21.11.2016)
300 days 5.00%