Revised ROI On Deposits-DOMESTIC/NRO/NRE-REVISION
(w.e.f. 26-06-2020)
Period of Deposit |
Interest payable on deposits below Rs.50 Lakhs |
Interest payable on deposits above Rs.50 Lakhs |
7 to 14 days |
3.50%p.a |
2.90%p.a |
15 to 30 days |
3.50%p.a |
3.00%p.a |
31 to 60 days |
3.50%p.a |
3.10%p.a |
61 to 179 days |
4.75%p.a |
3.65%p.a |
180 days to 364 days |
5.75%p.a |
4.40%p.a |
1 year to less than 2 years |
5.75%p.a |
4.90%p.a |
2 year to less than 3 years |
5.60%p.a |
4.90%p.a |
3 year to less than 5 years |
5.65%p.a |
4.90%p.a |
5 years to 10 years |
5.75%p.a |
4.90%p.a |
Savings Bank A/c s: 3.0% Per Annum.(w.e.f-01-06-2020)
Note-For NRE deposits minimum tenor would be 12 months.
Senior Citizens: · Senior citizens will get 0.50% additional interest on all deposits.
S.No |
Special Deposit Product |
Scheme Duration |
Principal amount/Unit Amount (Rs) |
Interest payable on deposits below Rs.50 Lakhs |
Interest payable on deposits above Rs.50 Lakhs |
||
General Public |
Senior Citizen |
General Public |
Senior Citizen |
||||
1 |
Vikas 18 |
18 Months |
Rs.18000/- (In multiples) |
5.75 |
6.25 |
4.90 |
5.40 |
2 |
Vikas 51 |
51 months |
Rs.51000/- |
5.65 |
6.15 |
4.90 |
5.40 |
3 |
VikasPatra |
36 months |
Rs.800/- (Multiples) |
5.65 |
6.15 |
4.90 |
5.40 |
I. Terms and conditions for acceptance of bulk deposits (Rs.50 lakhs and above):
Pre-closure penalty of term deposits:
a)The interest shall be 1% below the rate applicable at the time of Deposits for the period Deposit remained with the Bank or 1% below the contracted rate, whichever is lower, i.e. in case the rate, to be made applicable on premature withdrawal/ payment is going to be higher than the contractual rate, the rate which is lower should be made applicable. However, no interest will be paid on Deposits which remain for a period of less than 7 days
b) These instructions are also applicable for premature withdrawal of existing term deposits.