Rates & Charges of Products, Accounts & Programmes

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A. Domestic & NRO	Fixed Deposit Interest Rates (% P.A) for < 2 Crore w.e.f 08^th December, 2020**
A. Domestic & NRO	Regular	Annualised Yield^	Senior Citizens***	Annualised Yield^
Tenure	Interest Rates	Interest Rates	Interest Rates	Interest Rates
7 to 14 days	3.50%	3.50%	4.00%	4.00%
15 to 45 days	4.00%	4.00%	4.50%	4.50%
46 to 90 days	4.50%	4.50%	5.00%	5.00%
3 months to < 6 months	5.00%	5.00%	5.50%	5.50%
6 months to < 9 months	5.50%	5.54%	6.00%	6.04%
9 months to < 1 Year	5.75%	5.83%	6.25%	6.35%
*Special Rates
1 years < 2 years	6.50%	6.66%	7.00%	7.19%
2 years < 3 years	6.50%	6.66%	7.00%	7.19%
3 Years to <= 10 years*	6.75%	6.92%	7.50%	7.71%

** Interest rates are subject to change at the sole discretion of the Bank.

*** Senior Citizen rates are applicable only for Domestic Deposits

^Annualized yields published, compounded quarterly.

Note:

For reference purpose interest rate slabs considered are 3 months = 91 days; 6 months = 181 days; 9 months =272 days
Actual Number of days will be calculated at the time of booking
For less than 1 year deposit, please mention tenure in days
Reinvestment is available for minimum tenure of 6 months 1 day (actual number of days in the month)

Premature Penalty on Fixed Deposits:

With effect from 5^th July, 2019 Premature Withdrawal Penalty shall be applicable when a FD is either prematurely withdrawn or closed after it has run for a period of 182 days and above.

Penalty Structure for Fixed Deposits with value less than 5 Cr:

Tenure of Fixed Deposit (Completed)	Penalty
Less than equal to 181 days	Nil
182 days and above	0.50%

Premature withdrawal penalty shall be applicable on all fresh and auto renewed FDs booked on/ after 5^th July, 2019 for fixed deposit value less than INR 5 Crs.

Key Points:

Premat penalty will be applicable to all types of customer. (eg: Individual, Non Individual, Senior Citizen, Staff etc.)
Premature FD withdrawal penalty interest will be charged for partial as well as full withdrawal include sweep in cases.
Penalty for premature withdrawal will not be applicable on FDs booked/prematurely withdrawn within a tenure 7-181 days.
Penalty for premature withdrawal is not applicable on FCNR and RFC deposits.
For values >= 5 Crs, existing penalty structure shall continue at 0.25% for all tenure & value buckets.

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Rates and Charges

D. Resident RD	Resident Recurring Deposit rates w.e.f 08th December, 2020*
Tenure	Interest Rate (per annum)	Senior Citizen Rate (per annum)**
6 Months	5.50%	6.00%
9 Months	5.75%	6.25%
12 Months	6.50%	7.00%
15 Months	6.50%	7.00%
18 Months	6.50%	7.00%
21 Months	6.50%	7.00%
24 Months	6.50%	7.00%
27 Months	6.50%	7.00%
30 Months	6.50%	7.00%
33 Months	6.50%	7.00%
3 years upto 10 Years	6.75%	7.50%