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

NRE Deposits

Period of Deposit
Rate of Interest (% p.a.) (w.e.f 09.12.2014)
Below ` 1 crore
1 year < 2years 8.80
2 years < 3 years 8.80
3 years < 5 years 8.60
5 years < 8 years 8.60
8 years to 10 years 8.50

Savings Bank Deposits: As on 01/04/2013

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

Note: Interest rates are subject to change.

SBH Kuber-400 days »

New Scheme Interest Rate Fig in(% per annum)
Public Senior Citizen Staff Retired Staff Senior Citizens Remarks
SBH-Kuber-400 Days* 8.85 9.15 9.85 10.15 valid upto 31-01-2015

* The above deposit schemes will be applicable for individual customer and deposits below `1 Crore only

  • There shall be no penalty for premature withdrawal of term deposits provided these deposits have remained with the Bank for at least 12 months and are issued on or after 01-04-2013. However, penalty clause for Term Deposits issued prior to 01-04-2013 remains unchaged. No interest is payable for premature withdrawal of deposits less than 12 months.
  • NRO

    NRO Deposits

    Period of Deposit
    Rate of Interest (% p.a.) (w.e.f 09.12.2014)
    Below ` 1 crore
    For `1.00 Crore and above w.e.f 5th Dec 2014
    7 days to 45 days 7.00 5.50
    46 days to 90 days 7.00 7.50
    91 days to 179 days 8.00 7.50
    180 days to less than 1 year 8.50 8.50
    1 year to less than 2 years 8.80 8.75
    2 years to less than 3 years 8.80 8.50
    3 years to less than 5 years 8.60 8.25
    5 years and upto 8 years 8.60 8.25
    8 years and upto 10 years 8.50 8.25
  • There shall be no penalty for premature withdrawal of term deposits provided these deposits have remained with the Bank for at least 7 days and are issued on or after 01-04-2013. However, penalty clause for Term Deposits issued prior to 01-04-2013 remains unchaged.
  • FCNR

    FCNR (B) Interest Rates and Term Deposits

    Revised FCNR Interest Rates (w.e.f. 01/12/2014):

    Period of Deposit – 1 year but less than 2 years
    USD GBP EURO AUS $ * CAN $ *
    1.35 1.66 1.20 3.69 2.47
    Period of Deposit – 2 years but less than 3 years
    USD GBP EURO AUS $ * CAN $ *
    1.71 1.94 1.21 3.70 2.45
    Period of Deposit – 3 years but less than 4 years
    USD GBP EURO AUS $ * CAN $ *
    3.11 3.16 2.28 4.74 3.61
    Period of Deposit – 4 years but less than 5 years
    USD GBP EURO AUS $ * CAN $ *
    3.43 3.35 2.33 4.93 3.76
    Period of Deposit – 5 years
    USD GBP EURO AUS $ * CAN $ *
    3.67 3.50 2.41 5.02 3.90

    RFCA

    RFCA Interest Rates and Term Deposits

    RFCA Term Deposit for US Dollars as on 01/12/2014

    Duration Interest rates
    1 year but less than 2 years 1.35
    2 years but less than 3 years 1.71
    3 years only 3.11

    RFCA Savings Bank Deposits w.e.f 01/07/2013

    Particulars Revised rates
    RFC Savings Bank (USD) 0.58

    Note:Interest rates are subject to change.