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Rates for Domestic Recurring Deposits:

Interest Rates Domestic Deposits (Effective: From September 29, 2018)
Period Interest Rate
(Per Annum)
Senior Citizen Rate#
(Per Annum)
6 months 7.50% 8.00%
9 months 7.75% 8.25%
12 months 8.50% 9.00%
15 months 8.50% 9.00%
18 months 8.50% 9.00%
21 months 8.50% 9.00%
24 months 8.50% 9.00%
27 months 8.75% 9.25%
30 months 8.75% 9.25%
33 months 8.75% 9.25%
36 months 8.75% 9.25%
Above 3 Years to less than 5 Years 8.00% 8.50%
5 Years 8.25% 8.75%
Above 5 Years to 10 Years 7.25% 7.75%
Note for Recurring Deposit:
  • # - Only Senior Citizens / Retired Personnel (60 years and above) who are Resident Indians are eligible.
  • The above rates are applicable to Recurring Deposits as well, maximum amount of monthly instalment of a Recurring Deposit is capped at Rs 14,99,900.
  • Recurring Deposit accounts can be maintained for a minimum tenure of 6 months and in multiples of 3 months thereafter subject to a maximum of 10 years.
  • Minimum instalment amount for an RD is Rs 100 (and multiples of Rs 100 thereof).
  • The rate applicable on premature withdrawal would be 1% less than the rate applicable from the lower of the two:
    • Rate for original /contracted tenure for which the deposit has been booked (as on the date of booking the deposit).
    • Rate for the actual tenure for which the deposit was in force with the Bank (as on the date of booking the deposit).
    • (In case of premature withdrawal before 1 month, customer gets only the principal amount).

Interest Rates Domestic Deposits (Effective: September 21, 2017 to September 28, 2018)

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