Deposit Card Rates

 
Effective August 19, 2016
PREMIUM DEPOSITS (Fixed Rates)
Period Monthly Income Plan Quarterly Option Half-Yearly Option Annual Income Plan Cumulative
Option
INDIVIDUALS
Interest Rates on Deposits upto Rs. 2 crore (p.a.)
15 months 7.70% 7.75% 7.85% - 8.00%
22 months 7.75% 7.80% 7.90% 8.05% 8.05%
30 months 7.70% 7.75% 7.85% 8.00% 8.00%
44 months 7.75% 7.80% 7.90% 8.05% 8.05%
TRUSTS & INSTITUTIONS^
Interest Rates on Deposits upto Rs. 10 crore (p.a.)
20 months 7.65% 7.70% 7.80% 7.95% 7.95%
40 months 7.65% 7.70% 7.80% 7.95% 7.95%
Minimum Amount (Rs.) 40,000 20,000 20,000 20,000 20,000
^ Individuals can also place deposits under this option.
REGULAR DEPOSITS (Fixed & Variable Rates)
Period Monthly Income Plan Quarterly Option Half-Yearly Option Annual Income Plan Cumulative
Option
INDIVIDUALS & TRUSTS
12-23 months 7.60% 7.65% 7.75% - 7.90%
24-60 months 7.60% 7.65% 7.75% 7.90% 7.90%
Minimum Amount (Rs.) 40,000 20,000 20,000 20,000 20,000
Recurring Deposits Plan (RD)
Fixed Rate Installment Deposit Plan (For Individuals Only)
Period of Deposit ROI (p.a.)#
12-60 Months 7.60%

Minimum Monthly Savings Amount Rs. 2,000/-

# Subject to TDS

  •  Senior Citizens (60 years+) will be eligible for an additional 0.25% p.a. on deposits upto Rs. 1 Crore (Other than Recurring Deposits)
  •  For Cumulative Interest option & Recurring Deposits Plan, interest is compounded annually.

 

Interest rates are subject to change and the rate applicable will be the rate prevalent on the date of deposit.