Domestic Fixed Deposit/ NRO Deposit **Rate of Interest (%) With Effect from July 28, 2020.
Deposits for amount below INR 20 million. Deposits for amount INR 20 million and below INR 100 million.
   Deposits for amount INR 100 million & above
7 Days ~ 14 Days
15 Days ~ 30 Days
31 Days ~60 Days
61 Days ~ 90 Days
91 Days ~ 120 Days
121 Days ~ 150 Days
151 Days - 180 Days
181 Days ~ 270 Days
271 Days ~ 274 Days
275 Days
276 Days ~ 1 Year
Above 1 Year ~ 389 Days
390 Days
391 Days ~ 2 Years
Above 2 Years
2.40%
2.75%
2.80%
2.80%
3.00%
3.30%
3.60%
3.80%
3.90%
3.90%
3.90%
4.40%
4.40%
4.40%
4.75%
2.65%
2.85%
2.85%
2.85%
3.05%
3.35%
3.65%
3.85%
3.95%
3.95%
3.95%
4.45%
4.45%
4.45%
4.75%
 
2.90%
2.95%
2.95%
2.95%
3.10%
3.40%
3.70%
3.90%
4.00%
4.00%
4.00%
4.50%
4.50%
4.50%
4.75%
Senior Citizen (Above 60 Years) are eligible for an additional 0.50% over the standard rates mentioned above.
OTHER RATES
Savings Bank Account.
MCLR Rates w.e.f. Sept 21, 2020.
Overnight
One month
Three month
Six month
One year
3.25%
 
 
5.14%
5.19%
5.19%
5.24%
5.29%
**Rates Subject to Change without Prior Notice.
** Premature withdrawal of Term Deposits will attract a penalty of upto 1% on the applicable interest interest rate for the actual tenor of deposit.
 
Bank offers nomination facility on deposit accounts. Nomination facility is available on all deposit accounts opened by the individuals. Nomination is also available to a sole proprietory concern accounts. Nomination can be made in favour of one individual only. Nomination so made can be cancelled or changed by the account holder/s any time. While making nomination, cancellation or change thereof, it is required to be witnessed by a third party. Nomination can be modified by the consent of account holder/s. Nomination can be made in favour of a minor also subject to other major individual being named appointee(s) during the minority period.

The bank recommends that all depositors avail nomination facility. The nominee, in the event of death of the depositor/s, would receive the balance outstanding in the account as a trustee of legal heirs. The depositor will be informed of the advantages of the nomination facility while opening a deposit account. Please contact Customer Service Department at New Delhi and Chennai branches for registering your Nomination.