Interest Rates

It is this rate that works in any applicant’s mind whenever he or she tries to open an account. Here you will get the updates on our interest rates.
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Interest Rates

NRE

NRE Interest Rates and Term Deposits

Revision of Interest rates on NRE Deposits w.e.f 01-04-2013

Period of deposit
:
Revised rates
1 year to less than 2 years : 9.00
2 years to less than 3 years : 9.00
3 years and upto 5 years : 8.75
Above 5 years and upto 10 years : 8.75
Particulars
:
Revised rates
SBH-500 (` Deposit) : 9.25
SBH-1000 (` Deposit) : 9.00
SBH-Double (` Deposit) : 9.25

Note: Special Deposit Products are not applicable to senior citizens
Savings Bank Deposits: As on 01/04/2013

Particulars
:
Revised rates
Savings Bank Deposits (` Deposit) : 4.00

Note: Interest rates are subject to change.

NRO

Revised Interest Rates (w.e.f. 01/04/2013)

Period Below ` 1 crore `1 Crore and Above
7 days to 14 days 5.00 5.00
15 days to 45 days 7.00 7.25
46 days to 90 days 7.25 7.75
91 days to 179 days 7.25 7.75
180 days to less than 1 year 8.00 8.00
1 year to less than 2 years 9.00 8.50
2 years to less than 3 years 9.00 8.75
3 years to less than 5 years 8.75 8.50
5 years and upto 8 years 8.75 8.50
8 years and upto 10 years 8.75 8.50
* “SBH-1000″ Scheme is available w.e.f. 07-01-2009

FCNR

FCNR (B) Interest Rates and Term Deposits

Revised FCNR Interest Rates (w.e.f. 01/04/2013):

Period of Deposit – 1 year but less than 2 years
USD GBP EURO AUS $ * CAN $ *
2.73 2.91 2.43 5.58 3.79
Period of Deposit – 2 years but less than 3 years
USD GBP EURO AUS $ * CAN $ *
2.43 2.63 2.52 5.11 3.33
Period of Deposit – 3 years but less than 4 years
USD GBP EURO AUS $ * CAN $ *
3.53 3.69 3.62 6.25 4.43
Period of Deposit – 4 years but less than 5 years
USD GBP EURO AUS $ * CAN $ *
3.73 3.80 3.76 6.46 4.55
Period of Deposit – 5 years
USD GBP EURO AUS $ * CAN $ *
3.95 3.97 3.93 6.58 4.68

RFCA

RFCA Interest Rates and Term Deposits

RFCA Term Deposit for US Dollars as on 01/04/2013

Duration Interest rates
1 year but less than 2 years 2.73
2 years but less than 3 years 2.43
3 years only 3.53

RFCA Savings Bank Deposits w.e.f 01/04/2013

Particulars Revised rates
NRE Saving Bank (INR) 4.00
RFC Savings Bank (USD) 0.70

Note:Interest rates are subject to change.