Interest Rate
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Savings Account
Slab Rate of Interest (p.a)
Up to and including ₹ 1 Lakh 6%
Above ₹ 1 Lakh 7%
Marginal Cost of Funds based Lending Rates (MCLR)

The Marginal Cost of Funds based Lending Rate (MCLR) with effect from Jan 15, 2019 for various tenures are as given under:

Tenure MCLR Rates
Overnight 14.45%
1 Month 14.55%
3 Months 14.75%
6 Months 14.90%
1 Year 15.00%
2 Years 15.10%
Fixed Deposit
Tenure General Public Senior Citizens**
7 days to 45 days 4.00% 4.50%
46 days to 90 days 4.00% 4.50%
91 days to 180 days 6.00% 6.50%
181 days to 364 days 7.00% 7.50%
12 months to 15 months 8.00% 8.50%
15 months 1 day to 18 months 8.25% 8.75%
18 months 1 day to 21 months 8.50% 9.00%
21 months 1 day to 24 months 8.75% 9.25%
24 months 1 day to 36 months 9.00% 9.50%
3 years 1 day to 5 years 8.00% 8.50%
5 years 1 day to 7 years 7.00% 7.50%
** A senior citizen is defined as a person above the age of 60 years. In case of Joint account holders where one of the account holder is a Senior Citizen, kindly note that Senior Citizen Term Deposit Interest Rate will only be applicable provided the Senior Citizen is the ‘First holder’ on the said term deposit.
Note:
1. Acceptance of deposits of ₹1 Crore and above is at the discretion of the Bank.
The above rates are subject to revision from time to time.
NRE Fixed Deposit
NRE Card Rates Tenure w.e.f 22nd Nov 2018 Interest Rate
7 days to 45 days 4.00%
46 days to 90 days 4.00%
91 days to 180 days 6.00%
181 days to 364 days 7.00%
12 months to 15 months 8.00%
15 months 1 day to 18 months 8.25%
18 months 1 day to 21 months 8.50%
21 months 1 day to 24 months 8.75%
24 months 1 day to 36 months 9.00%
3 years 1 day to 5 years 8.00%
Terms and Conditions
1. Interest rates are subject to change from time to time.
2. No preferential interest rates for senior citizen.
3. The minimum tenor for earning the interest on NRE Fixed Deposit is 1 year. No interest will be paid if the NRE Deposit is prematurely withdrawn before 1 year.
Loan Against Gold
Interest Rates Range
Min. Rate of Interest 11.99%
Max. Rate of Interest 22.99%
Mean Interest Rate 17.13%
Annual Percentage Rate (APR) 18.13%
Micro Loans
Interest Rates Range
Min. Rate of Interest 22.00%
Max. Rate of Interest 25.35%
Mean Interest Rate 24.70%
Annual Percentage Rate (APR) 25.20%
Loan Against Property

Rates offered to customer during the period July’18 to Sep'18

Interest Rates Range
Min. Rate of Interest 13.5%
Max. Rate of Interest 24%
Mean Interest Rate 21.85%
Annual Percentage Rate (APR) 22.01%
Overdraft Against Property

Rates offered to customer during the period July’18 to Sep'18

Interest Rates Range
Min. Rate of Interest 15.5%
Max. Rate of Interest 21%
Mean Interest Rate 17.5%