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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 01.03.2014

      Domestic Term Deposit rates for less than Rs. 1 Crore

      Maturity Period Revision in Rate w.e.f. 01.03.2014
      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 8.75 8.82 9.00 9.07
      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 - 10.04.2014

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

      T&I: MUM :TDR:004:2014-15

      Sr. No. Time Period Term Deposit of Rs. 1.00 Crore and
      above upto & including Rs. 5.00 Cr
      Revised Rate w.e.f 10.04.2014
      01. 7 - 14 Days 5.00
      02. 15 - 29 Days 5.50
      03. 30 - 45 Days 8.20
      04. 46 - 60 Days 8.20
      05. 61 – 90 Days 8.70
      06. 91 – 120 Days 8.80
      07. 121 - 150 Days 8.80
      08. 151 – 183 Days 8.85
      09. 184 to Less than 1 year 8.90
      10. 1 year 9.00
      11. More than 1 year upto 2 Years 8.50
      12. Above 2 Years upto 3 Years 8.50
      13. Above 3 Years and less than 5 Years 8.25
      14 5 years and above 8.25

       

      b) Term Deposits above Rs. 5.00 Crores - rates effective from -  10.04.2014

      T&I: MUM :TDR:003:2014-15

      Sr. No. Time Period Term Deposit above Rs. 5.00
      Rate of Interest
      1 7 - 14 Days 6.50
      2 15 - 30 Days 6.75
      3 31 - 60 Days 8.20
      4 61 - 90 Days 8.70
      5 91 - 130 Days 8.80
      6 131 - 183 Days 8.85
      7 184 - 269 Days 8.90
      8 270 - 349 Days 8.95
      9 350 - 375 Days 9.00
      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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