Interest rates for deposits General Public (*)
* Note:For Deposits of above Rs.10 Crore, the maximum period shall not exceed 3 years
 
Minor Deposit Scheme w.e.f November 7th, 2013
7 days to 10 years As applicable for Domestic Term Deposits
Above 10 years 9.00
Interest rate for Senior Citizens:(FD & ACC Only)
  • 0.50% extra over the general rate across all maturity slabs for deposits upto and incusive of Rs.3 crore for resident Senior Citizens only.w.e.f 09-06-2014
  • Maturity Pattern Interest Rate(% p.a) for Deposits upto & inclusive of Rs.3 Crore Interest Rate(% p.a) for Deposits of above Rs.3 crore
    7 days to 45 days 4.00 3.50
    46 days to 90 days 7.00 6.50
    91 days to 120 days 8.00 7.50
    121 days to 180 days 8.25 7.75
    181 days to 364 days 8.75 8.25
    1 year to 2 years 9.60 9.10
    Above 2 years to 3 years 9.60 9.10
    Above 3 years to 10 years 9.50 9.00
    Premature Closure of both Domestic & NRE Deposits:
    For Regular deposit schemes:

    The penalty clause for premature closure of deposits on fresh deposits and renewals made is as follows:

    (i) Term Deposit of below Rs.1 crore:
  • No penalty shall be levied for premature closure.

    (ii) Term Deposit of Rs 1 crore & above:
  • Penalty of 1% on applicable rate shall be levied for premature closure of single rupee term deposit of Rs 1 crore & above. For the purpose, applicable rate means interest rate applicable for the period the deposit has remained with the Bank or contracted rate, whichever is less.

  • However, if the deposit is prematurely closed for reinvestment, interest shall be paid at the rate applicable to the period for which the deposit remained with the bank without penalty for the amount reinvested, provided the reinvested deposit remains with the bank for a period longer than the remaining period of original deposit.

  • Interest rates on Special Deposit Schemes w.e.f 16thAugust 2013
  • The following interest rates shall be applicable for the new deposit schemes irrespective of quantum of deposit
  • Scheme Rate of Interest (% p.a) Remarks
    - For General Public For Senior Citizens -
    KBL - Tax Planner 9.00 9.50 Period of deposit is fixed for 5 years only, for deposits not exceeding Rs. 1 lakh in a year. Premature closure under this scheme is not allowed.
    Interest Rates on NRE Term Deposits w.e.f. June 9th, 2014
    Maturity Pattern For Deposits upto and inclusive of Rs 5 Crore For Deposits above Rs 5 Crore
    1 year to 2 years 9.10 9.10
    Above 2 years to 3 years 9.10 9.10
    Above 3 years to 5 years 9.00 9.00
    Above 5 years to 10 years 9.00 9.00
    Interest Rates on FCNR (B) Deposits w.e.f. July 1st, 2014
    Period Interest Rates per Annum
    Currency (% P.A.)
    USD GBP EUR CAD AUD JPY CHF SEK HKD SGD
    1 year only 2.55 3.04 2.44 3.50 4.66 2.33 2.19 2.74 2.47 2.33
    Above 1 year but less than 2 years 2.55 3.04 2.44 3.50 4.66 2.33 2.19 2.74 2.47 2.33
    2 years and above but less than 3 years 2.58 3.34 2.33 3.45 4.78 2.18 2.10 2.78 2.78 2.62
    3 years and above but less than 4 years 4.01 4.71 3.40 4.64 5.93 3.19 3.14 3.96 4.18 4.01
    4 years and above but less than 5 years 4.39 4.98 3.51 4.81 6.15 3.22 3.22 4.16 4.54 4.36
    5 years only 4.68 5.18 3.67 4.99 6.31 3.28 3.33 4.34 4.83 4.66
    Broken period interest on FCNR (B) Deposits w.e.f. February 1st, 2013
    Currency USD GBP EUR CAD AUD JPY CHF SEK HKD SGD
    Broken Period Interest 1.00% 1.00% 1.00% 1.00% 1.00% NIL NIL 1.00% NIL NIL
    Interest Rates for RFC (Maturity less than 1 year) w.e.f. 01.02.2013
    Savings Bank Deposits w.e.f. 10-07-2012 (% per Annum)
    All SB accounts including NRE & NRO accounts 4.0
    (*) Interest rates subject to change from time to time without prior notice.