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      Interest Rates / Domestic Schemes

      Domestic Schemes

      DOMESTIC DEPOSITS

      Rate(s) of interest on Domestic Term Deposits, stands revised with effect from 19.06.2014

      Domestic Term Deposit rates for less than Rs. 1 Crore

      Maturity Period Revision in Rate w.e.f. 19.06.2014
      General For Senior Citizen
      Interest Rate in % p.a. Annua- lised yield in % Interest Rate in % p.a. Annua- lised yield in %

      7-14 days

      7.50

      7.50

      7.75

      7.75

      15-29 days

      7.50

      7.50

      7.75

      7.75

      30-45 days

      7.50

      7.50

      7.75

      7.75

      46-60 days

      7.50

      7.50

      7.75

      7.75

      61-90 days

      7.50

      7.50

      7.75

      7.75

      91-120 days

      8.25

      8.25

      8.50

      8.50

      121-150 days

      8.25

      8.28

      8.50

      8.53

      151-180 days

      8.50

      8.56

      8.75

      8.81

      181-364 days

      8.75

      8.85

      9.00

      9.10

      1 year

      9.10

      9.41

      9.35

      9.68

      More than 1 year but up to 2 years

      9.00

      9.31

      9.50

      9.84

      Above 2 years and up to 3 years

      9.00

      9.74

      9.50

      10.33

      Above 3 years and less than 5 years

      9.00

      10.20

      9.50

      10.85

      5 years and above

      8.75

      10.83

      9.25

      11.59

       

      NOTE-1 The deposits rates on the above term slab shall be applicable for all deposits less than Rs 1 Cr contracted afresh/renewal hereafter.
      NOTE-2 The incentive rate of interest to Sr. Citizen payable on deposit amount of less than Rs. 1 crore as under.
        Term Additional Interest Payable
      Deposits maturing upto 1 Year 0.25%
        Deposits maturing above 1 Year 0.50%
      NOTE-3 The additional rate payable on the deposits of Staff/Ex-staff/Ex-staff Sr. Citizen is as per the following
        Category Term Additional Rate Payable
      Staff/Ex-Staff All Terms 1.00%
      Ex-Staff Sr. Citizen All Terms 1.25%
      NOTE-4 The overall amount ceiling for Ex-staff/ Ex-Staff Sr. Citizen to receive incentive rate shall be equal to his Terminal benefits + Rs.10 lacs

      Revision in rate of interest in Term Deposits of Rs. 1 crore and above upto & including Rs. 5.00 crore - rates effective from - 07.05.2014

      a) Term Deposits Of Rs. 1.00 Crore and above - upto & including Rs. 5.00 Crore

      CHO/RM/02/2014-15

      Sr. No.

      Time Period

      Term Deposit of Rs. 1.00 Crore and
      above upto & including Rs. 5.00 Cr

      Revised Rate w.e.f 07.05.14

      01.

      7 - 14 Days

      5.00%

      02.

      15 - 29 Days

      5.50%

      03.

      30 - 45 Days

      7.25%

      04.

      46 - 60 Days

      7.50%

      05.

      61 – 90 Days

      8.10%

      06.

      91 – 120 Days

      8.50%

      07.

      121 - 150 Days

      8.50%

      08.

      151 – 183 Days

      8.75%

      09.

      184 to Less than 1 year

      8.90%

      10.

      1 year

      9.00%

      11.

      More than 1 year upto 2 Years

      8.75%

      12.

      Above 2 Years upto 3 Years

      8.75%

      13.

      Above 3 Years and less than 5 Years

      8.75%

      14.

      5 years and above

      8.75%

       

      b) Term Deposits above Rs. 5.00 Crores - rates effective from - 04.07.2014

      T&I: MUM :TDR:010:2014-15

      Sr. No. Time Period Term Deposit above Rs. 5.00 Cr
      1

      7 - 14 Days

      6.50

      2

      15 - 30 Days

      6.75

      3

      31 - 60 Days

      8.20

      4

      61 - 90 Days

      8.40

      5

      91 - 130 Days

      8.55

      6

      131 - 183 Days

      8.65

      7

      184 - 269 Days

      8.75

      8

      270 - 349 Days

      8.85

      9

      350 - 375 Days

      8.90

      10

      376 Days - < 2 Years

      8.50

      11

      2 Years but < 3 Years

      8.50

      12

      3 Years but < 5 Years

      8.25

      13

      5 Years & above

      8.25

       

      SAVINGS BANK DEPOSIT

      Interest Rate payable on Savings Bank Deposit Accounts is @4.00% per annum with effect from 03.05.2011

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