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Rates for Domestic Recurring Deposits:

Interest Rates Domestic Deposits ( Effective: From September 09, 2021 )
Period Interest Rate
(Per Annum)
Senior Citizen Rate#
(Per Annum)
6 months 4.75% 4.75%
9 months 5.25% 5.25%
12 months 6.50% 6.75%
15 months 6.50% 6.75%
18 months 6.50% 6.75%
21 months 6.50% 6.75%
24 months 6.50% 6.75%
27 months 6.25% 6.50%
30 months 6.25% 6.50%
33 months 6.25% 6.50%
36 months 7.00% 7.30%
Above 3 Years to less than 5 Years 6.50% 6.50%
5 Years 6.75% 7.00%
Above 5 Years to 10 Years 6.00% 6.00%
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: From August 09, 2021 to September 08, 2021 )
Period Interest Rate
(Per Annum)
Senior Citizen Rate#
(Per Annum)
6 months 4.75% 4.75%
9 months 5.25% 5.25%
12 months 6.50% 6.75%
15 months 6.50% 6.75%
18 months 6.50% 6.75%
21 months 6.50% 6.50%
24 months 6.50% 6.50%
27 months 6.25% 6.50%
30 months 6.25% 6.50%
33 months 6.25% 6.50%
36 months 6.75% 7.30%
Above 3 Years to less than 5 Years 6.75% 6.75%
5 Years 6.25% 6.50%
Above 5 Years to 10 Years 6.00% 6.00%
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: August 1st, 2017 to 20th Sept 2017)
Period Regular Rate
(Per Annum)
Senior Citizen Rate#
(Per Annum)
6 months 8.25% 8.50%
9 months 8.50% 8.75%
12 months 9.00% 9.25%
15 months 9.00% 9.25%
18 months 9.00% 9.25%
21 months 9.00% 9.25%
24 months 9.00% 9.25%
27 months 8.75% 9.00%
30 months 8.75% 9.00%
33 months 8.75% 9.00%
36 months 8.75% 9.00%
Above 3 years to 5 years 8.00% 8.25%
Above 5 years to 10 years 7.50% 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).
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