Resident / NRO Deposits

Check the interest rates of Savings accounts and deposits below. Rates of Interest on domestic deposits w.e.f. 07.01.2019.

Domestic Term Deposits (Card Rates)

Time Bucket Revised Rate (Less than Rs. 2 Crores) (w.e.f. 07.01.2019)
7 Days to 14 Days 5%
15 Days to 30 Days 5%
31 Days to 45 Days 5.50%
46 Days to 90 Days 6%
91 Days to 180 Days 6.90%
181 Days to 270 Days 6.75%
271 Days to less than 1 Year 6.75%
1 Year to less than 2 Years 7.25%
2 Years to less than 3 Years 7.25%
3 Years and above 7%
KVB - Tax Shield Deposits 7%

Senior Citizen Deposits (Card Rates)

Time Bucket Revised Rate (w.e.f. 07.01.2019)
1 Year to less than 2 Years 7.75%
2 Years to less than 3 Years 7.75%
3 Years to 5 Years 7.50%
KVB - Tax Shield Deposits 7%

Flexi Term Deposits

Time Bucket Revised Rate (w.e.f. 07.01.2019)
300 Days 6.50%
  • Senior Citizen rates are not applicable to NRI.
  • Kindly contact the nearest branch for deposits above Rs. 2 Crores.
  • Maximum Ceiling limit for acceptance of Senior Citizen deposits is Rs. 3 Crores.

Penal Interest on pre-closure of deposits:

  • Up to Rs. 2 Crores of deposit – Penalty of 1% from applicable ROI.
  • Above Rs. 2 Crores 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.

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