• Interest Rates
      Interest Rates / Domestic Schemes

      Domestic Schemes

      DOMESTIC DEPOSITS

      Rate(s) of interest on Domestic Term Deposits, stands revised with effect from 10.04.2017

      Domestic Term Deposit rates for less than Rs. 1 Crore

      Sr. No. Time Period Revised Rate w.e.f 10.04.2017
      01. 7 - 14 Days 4.50%
      02. 15 - 29 Days 4.50%
      03. 30 - 45 Days 5.00%
      04. 46 - 60 Days 5.50%
      05. 61 - 90 Days 5.50%
      06. 91 - 120 Days 6.00%
      07. 121 - 150 Days 6.00%
      08 151-180 Days 6.00%
      09. 181 to 364 days 6.50%
      10. 1 year 6.75%
      11. More than 1 year upto 2 Years 6.75%
      12. Above 2 Years upto 3 Years 6.75%
      13. Above 3 Years and less than 5 Years 6.75%
      14. 5 years and above 6.50%

      As per the decision taken by the Competent Authority rate of interest on Bulk Term deposit above Rs. 5.00 crores stands revised as below w.e.f: 20.04.2017

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

      T&I: MUM: TDR: 044:2016-17

      Sr. No. Deposit period Single Term Deposit Rs. 1 Cr and above
      upto & including Rs. 5.00 Crore
      1 7-14 days 4.00
      2 15-30 days 4.00
      3 31-45 days 4.00
      4 46-90 days 4.50
      5 91-120 days 5.25
      6 121-180 days 5.25
      7 181 days to less than 1 year 5.25
      8 1 year & above but less than 2 years 5.00
      9 2 year & above but less than 3 years 5.00
      10 3 year & above but less than 5 years 5.00
      11 5 Years & above 5.00
      • All Zonal Offices are requested to note the above mentioned interest rates for Bulk Term Deposit of Rs. 1.00 Crore and above upto & including Rs. 5.00 Crore are effective from 20.04.2017
      • The above card rates are valid for single deposit(Fresh & Renewal).
      • No cash deposits to be accepted.
      • Bulk Term Deposits to be mobilized with the above rates should be informed for acceptance by the Integrated Treasury Branch, Mumbai on the same day by Circle Offices/Zonal Offices/Branches.
      • Rate of Term Deposit should be quoted valid for one day only. Whenever quote is to be given for more than one day, prior permission should be obtained from Deputy General Manager, Treasury Branch, Mumbai or General Manager, Treasury & Investments, Mumbai.
      • For premature closure penal charges shall be 2.00% less than applicable rate for which the term deposit of Rs. 1.00 Crore and above upto & including Rs. 5.00 Crore was held by the branch as on the date of deposit or the present rate as on the date of premature closure whichever is lower.
      • Under no circumstances branches are allowed to quote beyond the rates mentioned supra. Zonal offices and Circle offices are requested to ensure strict compliance.
      • The rates mentioned above supersede all the rates of interest on Bulk Term Deposit of Rs. 1.00 Crore and above upto & including Rs. 5.00 Crorecirculated earlier vide our letter No. T&I: MUM: TDR: 02:2017-18 dt: 06.04.2017.
      • For quoting rate of interest of any deposit. 1.00 Crore and above upto & including Rs. 5.00 Crore, Branches should make prior reference to Treasury Branch.
      • Branches are advised to meticulously follow Policy on Accepting Bulk Deposits & Granting Loans/Advances against Bulk Deposit (circulated vide Ref No. CHO/IW/42/2015-16 dated 05-01-2016)

       

      b) BULK TERM DEPOSITS ABOVE Rs. 5.00 CRORES – RATES EFFECTIVE FROM – 20.04.2017

      T&I: MUM: TDR: 043:2016-17

      Sr. No. Deposit period Single Term Deposit above Rs. 5 Cr and less than Rs. 25.00 Cr Single Term Deposit Rs. 25 Cr upto 50 Cr Single Term Deposit Rs. 50 Cr & above
      1 7 - 14 Days 4.00 4.00 4.00
      2 15 - 30 Days 4.00 4.00 4.00
      3 31-45 Days 4.00 4.00 4.00
      4 46 – 90 Days 4.50 4.50 4.50
      5 91 - 180 Days 5.25 5.25 5.25
      6 181 - 210 Days 5.25 5.25 5.25
      7 211- 270 day 5.30 5.30 5.30
      8 271 days - < 1 year 5.30 5.30 5.30
      9 1 year & above but less than 2 years 5.25 5.25 5.25
      10 2 Years & above but less than 3 Years 5.00 5.00 5.00
      11 3 years & above but less than 5 Years 5.00 5.00 5.00
      12 5 Years & above 5.00 5.00 5.20
      1. All Zonal Offices are requested to note the above mentioned interest rates for Bulk Term Deposit of above Rs.5.00 Crore are effective from 20.04.2017
      2. The above card rates are valid for single deposit (Fresh & Renewal).
      3. No cash deposits to be accepted.
      4. Bulk Term Deposits to be mobilized with the above rates should be informed for acceptance by the Integrated Treasury Branch, Mumbai on the same day by Circle Offices/Zonal Offices/Branches.
      5. Rate of Term Deposit should be quoted valid for one day only. Whenever quote is to be given for more than one day, prior permission should be obtained from Deputy General Manager, Treasury Branch, Mumbai or General Manager, Treasury & Investments Mumbai.
      6. For premature closure penal charges shall be 2.00% less than applicable rate for which the term deposit of more than 5.00 Crore was held by the branch as on the date of deposit or the present rate as on the date of premature closure whichever is lower.
      7. Under no circumstances branches are allowed to quote beyond the rates mentioned supra. Zonal offices and Circle offices are requested to ensure strict compliance.
      8. The rates mentioned above supersede all the rates of interest on “Mid and Large Corporate deposits” circulated earlier vide our letter No. . T&I:MUM:TDR:01:2017-18 dt: 06.04.2017
      9. For quoting rate of interest of any deposit above Rs.5.00 Crore, Branches should make prior reference to Treasury Branch.
      10. Branches are advised to meticulously follow Policy on Accepting Bulk Deposits & Granting Loans/Advances against Bulk Deposit (circulated vide Ref No. CHO/IW/42/2015-16 dated 05-01-2016)

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