|
|
|
| Interest rates for deposits General Public (*)
|
|
| 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.2 crore for resident Senior Citizens only.w.e.f 02-08-2011
|
| Maturity Pattern |
Interest Rate(% p.a) for Deposits upto & inclusive of Rs.2 Crore |
Interest Rate(% p.a) for Deposits of above Rs.2 crore upto & inclusive of Rs.5 crore |
Interest Rate(% p.a) for Deposits of above Rs. 5 Crore |
| 7 days to 45 days |
4.00 |
3.50 |
3.50 |
| 46 days to 90 days |
5.50 |
5.00 |
5.00 |
| 91 days to 180 days |
8.25 |
7.75 |
7.75 |
| 181 days to 364 days |
9.00 |
8.50 |
8.50 |
| 1 year to 2 years |
10.25 |
9.75 |
9.75 |
| Above 2 year to 3 years |
10.00 |
9.50 |
9.50 |
| Above 3 year to 5 years |
10.00 |
9.50 |
-- |
| Above 5 years |
9.75 |
9.25 |
-- |
|
|
| 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:
|
Penalty of 1% shall be levied for premature withdrawal of term deposit. While prematurely closing a deposit, interest on the deposit shall be paid at the rate applicable to the period for which the deposit remained with the bank after levying penal rate of 1%, and not at the contracted rate.
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 2ndAugust, 2011 |
|
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 |
9.50 |
10.00 |
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. February 1st, 2012 |
| 1 year & above but less than 2 years |
9.75 |
| 2 years & above but less than 3 years |
9.50 |
| 3 years & above,but les than 5 years |
9.50 |
| 5 years & above,upto 10 years |
9.25 |
|
|
| Interest Rates on FCNR (B) Deposits w.e.f. February 1st, 2012 |
| Period |
Interest Rates per Annum |
| Currency (% P.A.) |
| USD |
GBP |
EUR |
CAD |
AUD |
JPY |
CHF |
SEK |
| 1 year only |
2.35 |
3.14 |
2.98 |
3.12 |
6.13 |
1.80 |
1.59 |
4.14 |
| Above 1 year but less than 2 years |
2.35 |
3.14 |
2.98 |
3.12 |
6.13 |
1.80 |
1.59 |
4.14 |
| 2 years and above but less than 3 years |
1.78 |
2.49 |
2.42 |
2.44 |
5.09 |
1.62 |
1.37 |
3.12 |
| 3 years and above but less than 4 years |
1.87 |
2.51 |
2.50 |
2.50 |
5.13 |
1.63 |
1.42 |
3.11 |
| 4 years and above but less than 5 years |
2.06 |
2.63 |
2.66 |
2.61 |
5.37 |
1.67 |
1.57 |
3.14 |
| 5 years only |
2.30 |
2.75 |
2.85 |
2.75 |
5.50 |
1.72 |
1.72 |
3.25 |
|
|
| Broken period interest on FCNR (B) Deposits w.e.f. December 1st, 2011 |
| Currency |
USD |
GBP |
EUR |
CAD |
AUD |
JPY |
CHF |
SEK |
| Broken Period Interest |
1.00% |
1.00% |
1.00% |
1.00% |
1.00% |
NIL |
NIL |
1.00% |
|
|
|
|
|
| Savings Bank Deposits w.e.f. 19-12-2011 (% per Annum) |
| All SB accounts including NRE & NRO accounts
|
5.0 |
|
|
| (*) Interest rates subject to change from time to time without prior notice. |