Click here for Product Change Notice w.e.f July 1, 2011
Revision in Savings Account w.e.f. November 27, 2017
Interest Rates for Savings Account and Term Deposits (Domestic, Non Residents, Loans)
NATURE 
RATES OF INTEREST (% p.a) 
MINIMUM BALANCE 
ACCOUNT 
Normal 
Senior Citizen 
RURAL 
Semi Urban 
Urban 
Savings Bank A/c (w.e.f. 01.10.2019) 
A.Domestic 
Up to Rs 50 Lakh 
Above Rs 50 Lakh 
Up to Rs 50 Lakh 
Above Rs 50 Lakh 



a.with cheque book facility 
3.50 
1. 3.50% for balance upto Rs 50 lakh
2. For remaining balance, 3.75% 
3.50 
1. 3.50% for balance upto Rs 50 lakh
2. For remaining balance, 3.75% 
1000 
1000 
1000 
b.without cheque book facility 
3.50 
1. 3.50% for balance upto Rs 50 lakh
2. For remaining balance, 3.75% 
3.50 
1. 3.50% for balance upto Rs 50 lakh
2. For remaining balance, 3.75% 



c. No Frills Account 
3.50 
1. 3.50% for balance upto Rs 50 lakh
2. For remaining balance, 3.75% 
3.50 
1. 3.50% for balance upto Rs 50 lakh
2. For remaining balance, 3.75% 
0 
0 
0 
B. Non Resident 





a. NRO 
3.50 
1. 3.50% for balance upto Rs 50 lakh
2. For remaining balance, 3.75% 
3.50 
1. 3.50% for balance upto Rs 50 lakh
2. For remaining balance, 3.75% 
1000 
1000 
1000 
b.NRE 
3.50 
1. 3.50% for balance upto Rs 50 lakh
2. For remaining balance, 3.75% 
3.50 
1. 3.50% for balance upto Rs 50 lakh
2. For remaining balance, 3.75% 
1000 
1000 
1000 
Term DepositsDomestic & NRO Deposits (w.e.f. 02.09.2019) 
Term Deposits (All Maturities) 
Rates of Interest (Less than Rs.2 Crore) 
7 days to 14 days 
4.00 
15 days to 45 days 
4.00 
46 days to 60 days 
5.00 
61 days to 90 days 
5.00 
91 days to 179 days 
5.50 
180 days to less than one year 
6.50 
1 Year and above upto & inclusive of 2 years 
6.90 
Above 2 years upto & inclusive of 3 years 
6.50 
Above 3 years upto & inclusive of 5 years 
6.50 
Above 5 years upto & inclusive of 10 years 
6.50 
* only for retail deposit 

 Senior citizens are eligible for an additional interest rate of 0.50% p.a. for all domestic term deposits of 1 year and above except for Dhanam Tax Advantage deposits.

Bulk Deposits  Domestic Term Deposits only (w.e.f. 01.07.2019) 
Term Deposits (All Maturities) 
Rates of Interest (deposits of Rs.2 crore and above) 
7 days to 14 days 
3.50 
15 days to 45 days 
3.50 
46 days to 90 days 
4.50 
91 days to 179 days 
5.00 
180 days to less than one year 
6.00 
 Above rates are subject to change without prior Notice. The permission to accept the bulk deposit would be given by Treasury Department keeping in view the liquidity position of the Bank. No senior citizen benefits available for single deposit of Rs.2 crore & above.

NRE (All Maturities) (w.e.f 02.09.2019) 
Rates of Interest (Less than Rs.2 Crore) 
Above 1 year upto & inclusive of 2 years 
6.90 
Above 2 years upto & inclusive of 3 years 
6.50 
Above 3 years upto & inclusive of 5 years 
6.50 
Above 5 years upto & inclusive of 10 years 
6.50 
 No interest will be paid on term deposits that have remained with the bank for less than the minimum period prescribed.
 The above Interest rates are Applicable to Deposits less than R/s 2 Crore.
 For interest rates on Domestic, NRE and NRO Deposits of Rs 2 crore and above, please contact your branch.
 We have introduced penalty for Premature Withdrawal for 1 % for Term Deposits of Rs. 5,00,000/ and above and 0.50 % for Term Deposits less than 5,00,000/ w.e.f. April 18, 2016.


FCNR (B) (w.e.f 01.11.2019) 

1 year & above but < 2 years 
2 years & above but < 3 years 
3 years & above but < 4 years 
4 years & above but < 5 years 
For 5 years (Maximum) 

Rates of Interest (% p.a) 
i) USD 
2.22 
1.62 
1.55 
1.56 
1.55 
ii) GBP 
1.24 
0.77 
0.76 
0.76 
0.76 
iii) EUR 
0.15 
0.05 
0.05 
0.05 
0.05 
iv) CAD 
2.59 
 
 
 
 
vi) SGD 
1.96 
 
 
 
 
 FCNR (B) and RFC deposits for staff members existing or retired will not be eligible for
additional rate of interest of One percent over & above the Card rates.

RFC (w.e.f 01.11.2019)


6 months and above but less than 1 year

1 years &
above
but less than 2
years 
2 years &
above
but less than 3
years 
3 years 

Rates of Interest (% p.a) 
i) USD 
2.42 
2.22 
1.62 
1.55 
ii) GBP 
1.38 
1.24 
0.77 
0.76 
iii) EUR 
0.10 
0.15 
0.05 
0.05 
Interest Rates on Loans & Advances
1. Base Rate  The Base Rate of the Bank is
11.35% p.a. w.e.f
1^{st} December, 2018.
2. BPLR Rate  Benchmark Prime Lending Rate(BPLR) of the Bank is 21% p. a. w.e.f
2^{nd} November, 2011
3. Repo Rates  RepoLinked Lending Rates:
“Bank has introduced Repo Linked Lending Rates for all new floating rate loans to Personal, Retail and Micro/Small enterprises w.e.f
2^{nd} October, 2019. .
RBI Repo rate is at present
5.40%.
The actual lending rate will be RBI Repo Rate plus applicable spread . The Repo linked interest rate shall be reset at least once in three months”.
4 . MCLR Rates
MARGINAL COST OF FUNDS BASED LENDING RATES (MCLR) 
Effective from 01.04.2016, all rupee loans sanctioned/ disbursed and credit limits renewed will be priced with reference to the MCLR. MCLR is subject to monthly review and the rates given below will be effective till next review.
Tenorbased MCLR effective from 1^{st} November , 2019 is as under:

Tenor 
MCLR (%) p.a. 
Overnight MCLR 
8.10% 
One months MCLR 
8.10% 
Three months MCLR 
8.80% 
Six months MCLR 
9.60% 
One year MCLR 
9.80% 

Pricing for Loan Products details 

Please Click Here
For Loan Products Interst Rates w.e.f. 1^{st} November, 2019
