Interest Rates on Deposits

RATE OF INTEREST ON TERM DEPOSITS (DOMESTIC AND NRO#) W.E.F. 01st JAN 2023 ( % PER ANNUM)
Duration Below ₹15 Lakhs ₹15 Lakh & above
General Public Senior Citizen General Public Senior Citizen
7 Days upto 29 Days 3.50 3.50 3.50 3.50
30 Days upto 60 Days 3.75 3.75 3.75 3.75
61 Days upto 90 Days 4.00 4.00 4.00 4.00
91 Days upto 180 Days 4.25 4.25 4.25 4.25
181 Days to less than 1 year 4.75 4.75 4.90 4.90
1 year to 18 months 7.10 7.50 7.25 7.65
Above 18 months to 2 years 6.00 6.50 6.15 6.65
Above 2 years to 776 days 6.00 6.50 6.15 6.65
777 days 6.75 7.25 6.75 7.25
Above 778 days to 5 years 6.25 6.75 6.40 6.90
Above 5 years 6.75 7.25 6.90 7.40
Flexi Fixed Deposit Current Account (FFDCA) 29 days 3.50% p.a.
Flexi Fixed Deposit Saving Account (FFDSB) 90 days) 4.00% p.a.
Bharat Deposit Tax Benefit Scheme - 5 years
(Maximum Rs.1.50 Lakh can be invested by an individual per Financial Year)
6.75% p.a.

# No additional rate of interest shall be applicable to Senior Citizen for deposits under NRO category

RATE OF INTEREST ON NRE TERM DEPOSITS W.E.F. 01st JAN 2023 ( % PER ANNUM)
Duration Below ₹15 Lakhs ₹15 Lakhs & above
12 Months 5.20 5.35
Above 12 months upto 24 months 7.00 7.10
Above 24 months upto 36 months 6.00 6.15
Above 36 months upto 120 months 6.25 6.40