Applicable
rates of interest %p.a
(w.e.f. 15.08.2010) |
| Period |
Less
than Rs. 15 lakhs |
Rs.
15 lakhs to less than
Rs.1 Crore |
Rs.1
Crore to Rs. 5 crore |
| 7days
to 14 days |
3.50* |
3.50 |
3.50 |
| 15
days to 29 days |
3.50 |
3.50 |
3.50 |
| 30
days to 45 days |
3.50 |
3.50 |
3.50 |
| 46
days to 90 days |
4.00 |
4.00 |
4.00 |
| 91days
to 120 days |
4.00 |
4.00 |
4.00 |
| 121
days to 180 days |
4.25 |
4.25 |
4.25 |
| 181
days to less than 9 months |
5.50 |
5.50 |
5.50 |
| 9
months to less than 1 year |
5.50 |
5.50 |
5.50 |
| 1
year to less than 2 years |
7.00 |
7.00 |
7.00 |
| 2
years and above |
7.75 |
7.75 |
7.75 |
*applicable for single bulk deposit of Rs.1 lakh
and above
Deposit of above Rs.5 crores Circles / Branches are
to be guided by the rates being quoted by HO / Treasury Branch on a
daily basis and acceptance of the same will be at the approval of the
Treasury Branch. » CLICK HERE
IMPORTANT:
The rates are applicable to IB Tax Saver schemes also.
For the deposits of Senior Citizens, under this scheme, additional rate
of 0.50% p.a is payable for the respective maturity period of 5 years
and above.
The rate of interest on domestic term deposits is also
applicable to Capital Gains Scheme Type B (Term Deposits) 1988 Scheme.
Special Domestic Term Deposit scheme for Senior Citizens, additional rate of interest of 0.50% p.a is payable for 15 days to 10 years over the card rate for Short Term Deposit, Fixed Deposit, Reinvestment Plan Schemes. For Recurring Deposit, additional interest rate of 0.50% is payable for the period of 6 months to 120 months (multiples of 3 months).
The revised interest rates on domestic term deposits are applicable only to fresh deposits and on renewal of maturing deposits.
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