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Interest Rates

Savings Bank Account Rate of Interest Applicable from 18th January 2018
Normal Senior Citizen
Domestic
Up to and including 1 lakh 4.00% 4.00%
Above 1 lakh up to and including 10 lakhs (i.e for incremental amount above INR 1 Lakh only) 6.50% 6.50%
Above 10 lakhs (i.e for incremental amount above INR 10 lakhs only) 7.00% 7.00%
a. With cheque book facility
Up to and Including 1 lakh 4.00% 4.00%
Above 1 lakh up to and Including 10 lakhs
(i.e for incremental amount above INR 1 lakhs only)
6.50% 6.50%
Above 10 lakhs (i.e for incremental amount above INR 10 lakhs only) 7.00% 7.00%
a. No Frills Account/Basic Savings Bank Account
Up to and Including 1 lakh 4.00% 4.00%
Above 1 lakh up to and including 10 lakhs (i.e for incremental amount above INR 1 lakh only) 6.50% 6.50%
Above 10 lakhs (i.e for incremental amount above INR 10 lakhs only) 7.00% 7.00%

 

Retail Term Deposit (Less than INR 1 Cr) Rate of Interest Applicable
from 18th January 2018
Domestic
Tenure Normal Senior Citizen
7 - 14 days 5.75% 6.25%
15 - 59 days 5.75% 6.25%
60 - 90 days 6.50% 7.00%
91 - 179 days 6.75% 7.25%
180 - 363 days 7.50% 8.00%
364 days 5.60% 6.10%
365 - 727 days 9.00% 9.50%
728 days 6.80% 7.30%
729 - 1091 days 8.00% 8.50%
1092 days 5.66% 6.16%
1093 - 1819 days 7.00% 7.50%
1820 days 5.65% 6.15%
1821 - 3652 days 7.00% 7.50%