Interest Rate Schedule
Transparent rate card for savings accounts, domestic term deposits across various tenure slabs, senior citizen bonus rates (+0.50% p.a.), recurring deposits, and commercial lending interest benchmarks.
(Senior Citizens Receive Up To 8.00% p.a.)
Savings Bank Deposit Rate: 5.00% p.a.
Interest calculated on daily end-of-day balance and credited directly to account holders every quarter. Applicable to General Savings, Premium Savings, and Senior Citizen Savings Accounts.
Domestic Term Deposit Rate Chart
| Deposit Tenure Slab | General Public (% p.a.) | Senior Citizens (+0.50% p.a.) | Compounding Frequency | Action |
|---|---|---|---|---|
| 7 Days to 45 Days | 4.50% | 5.00% | Simple Interest at Maturity | Apply → |
| 46 Days to 90 Days | 5.25% | 5.75% | Simple Interest at Maturity | Apply → |
| 91 Days to 179 Days | 6.00% | 6.50% | Simple Interest at Maturity | Apply → |
| 180 Days to 364 Days | 6.75% | 7.25% | Quarterly Compounded | Apply → |
| 1 Year to 3 Years (Special Slab) | 7.50% | 8.00% | Quarterly Compounded | Apply Now → |
| Above 3 Years up to 5 Years | 7.00% | 7.50% | Quarterly Compounded | Apply → |
Senior Citizen Benefit Terms
Senior Citizens (aged 60 years and above) receive an additional interest premium of 0.50% p.a. across all term deposit tenures of 91 days and above. Valid age proof document required during account opening.
Premature Withdrawal & TDS
Tax Deducted at Source (TDS) is applicable as per Indian Income Tax regulations. Form 15G / 15H may be submitted by eligible depositors to claim exemption. Premature withdrawal subject to statutory penalty charges.