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.