Interest Rates on INR Deposit

Interest Rates for amount up to INR 2 crore & > 2 Crore are kept unchanged as
below:

Tenor FD With Pre FD w/o pre FD With Pre closure

closure (%) closure (%) (%)

Max Amount Rs.2 Crores Rs.2 Crores Greater than

Rs.2 Crores
7 – 14 days 5.15 5.15 5.45
15 – 28 days 5.40 5.40 5.50
29 – 45 days 5.50 5.50 5.60
46 – 90 days 5.65 5.65 5.80
91 – 180 days 5.75 5.80 5.95
181 – 365 days 5.80 5.95 6.10
Over 1Y – 2Y 5.95 6.10 6.30
Over 2Y -10 Y 5.95 6.10 6.30

Premature withdrawal charges 1%

Interest Rates on Saving Bank A/C:

The Saving Bank A/C interest Rate is kept unchanged at 4%

Base Rate:

Base Rate effective 1st October 2015 is 9.20%

MCLR with effect from 1st October 2019:

Tenor MCLR
Overnight 7.50%
One-month 7.50%
Three-months 7.51%
Six months 7.50%
One year 7.63%