Revision in Rate w.e.f. 22.08.2011

Maturity Period

General

For Senior Citizen

Interest Rate in % p.a.

Annualised Yield in % p.a

Interest Rate in % p.a.

Annualised Yield in % p.a

7 Days and up to 14 Days

6.00

6.00

6.75

6.75

15-29 Days

6.00

6.00

6.75

6.75

30-45 Days

8.00

8.00

8.75

8.75

46-60 days

8.00

8.00

8.75

8.75

61-90 Days

8.00

8.00

8.75

8.75

91-180 Days

8.50

8.50

9.25

9.25

181-364 Days

9.00

9.10

9.75

9.86

1 Year

9.50

9.84

10.00

10.38

More than 1 year but up to 2 yrs.

9.50

9.84

10.00

10.38

Above 2 yrs and up to 3 years

9.25

10.04

9.75

10.63

Above 3 years and less than5 years

9.25

10.53

9.75

11.17

5 years and above 

9.25

11.60

9.75

12.38

NOTE 1

Interest rates on term deposits under different maturity period shall be the same the for deposit amount up to Rs. 5 crores.

NOTE 2

The bank shall accept deposits for a minimum period of 7 days provided minimum deposit amount is Rs.15 lacs & above.

NOTE 3

The deposit rates on the above term slab shall be applicable for all deposits up to Rs. 5 cores contracted afresh/renewal hereafter.

NOTE 4

The additional rate payable on the deposits of Staff/Ex-staff/Ex-Staff Sr. Citizens is as per the following :

Term

Additional Rate Payable

Staff/Ex-Staff

All Terms

1.00%

Ex-Staff Sr. Citizen

6 months to < 3 Years

1.25%

Ex-Staff Sr. Citizeni

3 Years and above

1.50%

NOTE 5

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

NOTE 6

The Rate of Interest on Term Deposits of Rs. Above 5 cores shall be advised by Treasury Branch to all Zonal Offices, Branches are advised to obtain rates of interest for deposits above Rs 5 cores from their Z.O. / Treasury Branch

NRE- Savings Bank Deposits
 (w.e.f. 03.05.2011)

Rate of interest per annum

4.00 %

NRE Rupee Term Deposit (Effective from 20.01.2012)

Period

Rs. 15.00 lac & above

Below Rs. 15.00 lac

1 year to less than 2 years

9.50% (9.50%)

2 years to less than 3 years

9.25% (9.25%)

3 years and above & up to 5 years

9.25% (9.25%)

Currency

1 year to less than 2 years

2 years to less than 3 years

3 years to less than 4 years

4 years to less than 5 years

5 years only

USD

(%)

2.35

1.78

1.87

2.06

2.30

GBP

(%)

3.15

2.49

2.51

2.63

2.75

EURO

(%)

2.98

2.42

2.50

2.66

2.85

YEN

(%)

1.80

1.62

1.63

1.67

1.72

CAD

(%)

3.12

2.44

2.50

2.61

2.75

AUD

(%)

6.13

5.09

5.13

5.37

5.50

CHF

(%)

1.59

1.37

1.42

1.57

1.72

NZD

(%)

4.76

4.03

4.20

4.41

4.62

SEK

(%)

4.14

3.11

3.11

3.14

3.25

Currency

1 year to less than 2 years

2 years to less than 3 years

3 years to less than 4 years

4 years to less than 5 years

5 years only

USD

(%)

Same as
FCNR (B)

Same as
FCNR (B)

Same as
FCNR (B)

Same as
FCNR (B)

Same as
FCNR (B)

GBP

(%)

-do-

-do-

-do-

-do-

-do-

EURO

(%)

-do-

-do-

-do-

-do-

-do-

YEN

(%)

-do-

-do-

-do-

-do-

-do-

CAD

(%)

-do-

-do-

-do-

-do-

-do-

AUD

(%)

-do-

-do-

-do-

-do-

-do-

CHF

(%)

-do-

-do-

-do-

-do-

-do-

NZD

(%)

-do-

-do-

-do-

-do-

-do-

SEK

(%)

-do-

-do-

-do-

-do-

-do-