Rate of Interest on Savings & various Term Deposits

Sr. No. Period of Term Deposit Interest Rate p.a.
(w.e.f. 30-June-2022)
    Deposits below Rs.1 crore Annualised Yield Deposits Rs.1 crore & More than Rs.1 crore Annualised Yield
1 Savings Account (Deposits below Rs. 1.00 Lakhs and Deposits above Rs. 1.00 Lakh) 4.00 -- 4.00 --
2 7 Days to 29 Days 3.25 -- 3.00 --
3 30 Days to 90 Days 4.00 -- 3.25 --
4 91 Days to 180 Days 5.00 -- 6.00 --
5 181 days to Less Than 1 year 5.00 -- 6.25 --
6 1 Year to below 2 years 6.25 6.40 7.00 7.19
7 2 years to below 3 years 5.00 5.09 4.50 4.58
8 More than 3 years (Maximum 10 years) 4.75 4.84 4.50 4.58
11 Tax Benefit Deposit Scheme (2016) 5.50 5.61 -- --

1. Additional rate of interest @ 1.00% will be given to Senior Citizens in addition to above existing interest rate.

2..The rate of interest for NRE/NRO accounts for savings bank account as well as term deposits for minimum of 1 year period are applicable as mentioned above.