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NRE Deposits

RATE OF INTEREST ON TERM DEPOSITS  W.E.F. 1st December 2017
( % per annum)
Duration
Below Rs. 15 Lakhs
Rs. 15 Lakhs & above to less than 1 Crore
General Public
Senior Citizen
General Public
Senior Citizen
7 Days upto 29 Days
4
4
4
4
30 Days upto 60 Days
5
5
5
5
61 Days upto 90 Days
6
6
6
6
91 Days upto 180 Days
6.25
6.25
6.25
6.25
181 Days to less than 1 year
6.5
6.5
6.5
6.5
1 year to 2 Years
7.65
7.9
7.9
8.15
Above 2 Years to 5 Years
7.5
7.75
7.75
8
Above 5 Years
7.65
8.1
7.9
8.35
Unfixed Deposit Scheme (Rs. 15 Lakhs & Above)
(7 days - 90 days)
@ 6.00 %
333 Days (Simple Interest)
@7.50 %
Senior Citizen Deposit Scheme (3 years)
(MID/QID only)
@8.50 % p.a

Flexi Fixed Deposit Current Account (29 days)

@ 4.00 %

Flexi Fixed Deposit Saving Account(90 days)

@ 6.00 %

Bharat Deposit Tax Benefit Scheme ( Maximum Rs. 1.50 Lakh can be invested by an individual per Financial Year )

@ 7.75 % p.a for 5 Years

i. Charge of 1% will be levied on PRE-MATURE CLOSURES.
ii. Charge of 0.25% will be levied on PRE-MATURE RENEWALS.

 

 

 

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