Interest Rate
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Savings Account
Savings Account Slab - W.E.F 01-August-2023 Interest Rate (% p.a.)
Upto and Including 1 Lakh 3.51%
Above 1 Lakh and Including 2 Lakhs 5.11%
Above 2 Lakh and Including 5 Lakhs 7.11%
Above 5 lakhs and including 25 lakhs 7.25%
Above 25 lakhs and including 50 lakhs 7.25%
Above 50 lakhs and including 2 Cr 7.50%
Above 2 Cr and Including 10 Cr 7.00%
Above 10 Cr and Including 15 Cr 6.50%
Above 15 Cr and Including 20 Cr 5.00%
Above 20 Cr and Including 25 Cr 4.00%
Above 25 Cr and Including 30 Cr 3.25%
Above 30 Cr 3.00%
Terms and conditions
1. Please note that the interest rates mentioned are applicable for the incremental balances that are present corresponding to amount slab mentioned:
2. For Example, if Total balance is INR 31 crore. Then following grid will be applicable:
3. For balance INR 1 TO INR 1,00,000 : 3.51%
4. For incremental balances above INR 1 Lakh to INR 2 lakh: 5.11%
5. For incremental balances above INR 2 Lakh to INR 5 lakh: 7.11%
6. For incremental balances above INR 5 Lakh to INR 50 lakh : 7.25%
7. For incremental balances above INR 50 Lakh to INR 2 Crore : 7.50%
8. For incremental balances above INR 2 Crore to INR 10 Crore : 7.00%
9. For incremental balances above INR 10 Crore to INR 15 Crore : 6.50%
10. For incremental balances above INR 15 Crore to INR 20 Crore : 5.00%
11. For incremental balances above INR 20 Crore to INR 25 Crore : 4.00%
12. For incremental balances above INR 25 Crore to INR 30 Crore : 3.25%
13. Above INR 30 Crore : 3%
14. Please note that all the above stated savings account interest rates are subject to change without prior notice.
Marginal Cost of Funds based Lending Rates (MCLR)

The Marginal Cost of Funds based Lending Rate (MCLR) with effect from November 15, 2023 for various tenors are mentioned below:

Tenure MCLR Rates
Overnight 11.95%
1 Month 12.30%
3 Months 12.10%
6 Months 12.35%
1 Year 12.40%
2 Years 12.55%

External benchmark rates effective from 1st November 2023 is as under.

Benchmark Rate
10 year Government of India Securities Yield *

7.36%

12 months Treasury Bill rate # 7.04%

*Arrived based on 3 months’ average yield of 10-year Government of India bond curve

# Arrived based on 3 months’ average yield of 12 months Treasury Bill curve

Resident Fixed Deposit (less than ₹2 Crores) - With Premature Withdrawal Facility
Tenure General Public (W.E.F 28-October-2023) General Public Effective Yield (W.E.F 28-October-2023) Senior Citizen Rate (W.E.F 28-October-2023) Senior Citizen - Effective Yield (W.E.F 28-October-2023)
7 days - 14 days 3.00% 3.00% 3.60% 3.60%
15 days - 30 days 4.50% 4.50% 5.10% 5.10%
31 days - 45 days 5.25% 5.25% 5.85% 5.85%
46 days - 90 days 5.75% 5.75% 6.35% 6.35%
91 days - 180 days 6.25% 6.25% 6.85% 6.85%
181 days - 365 days 7.00% 7.19% 7.60% 7.82%
12 months - 15 months 7.65% 7.87% 8.25% 8.51%
15 Months 1 day-499 days 7.85% 8.08% 8.45% 8.72%
500 days 8.21% 8.47% 8.81% 9.11%
501 days - 18 months 7.85% 8.08% 8.45% 8.72%
18 months 1 day - 21 months 8.11% 8.36% 8.71% 9.00%
21 months 1 day - 24 months 8.11% 8.36% 8.71% 9.00%
24 months 1 day- 749 days 8.15% 8.40% 8.75% 9.04%
750 days 8.61% 8.89% 9.21% 9.53%
751 days - 30 months 8.15% 8.40% 8.75% 9.04%
30 months 1 day to 999 days 8.11% 8.36% 8.71% 9.00%
1000 days 8.41% 8.68% 9.01% 9.32%
1001 days- 36 months 8.11% 8.36% 8.71% 9.00%
36 months 1 day - 42 months 8.25% 8.51% 8.85% 9.15%
42 months 1 day - 48 months 7.50% 7.71% 8.10% 8.35%
48 months 1 day - 59 months 7.50% 7.71% 8.10% 8.35%
59 months 1 day - 66 months 8.00% 8.24% 8.60% 8.88%
66 months 1 day - 84 months 7.00% 7.19% 7.60% 7.82%
** 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. The Fixed Deposit has premature withdrawal facility i.e. the Fixed Deposit can be closed by the depositor before expiry of the term of such deposit.
2. Acceptance of deposits of ₹2 Crores and above is at the discretion of the Bank.
3. Penalty interest rate applies as per terms and conditions
The above rates are subject to revision from time to time.
For Interest Calculation Methodology, please click here
Fixed Deposit (INR 2 crores and above)

Please contact branch for fixed deposit (INR 2 crores & above) interest rates

Resident Fixed Deposit (₹1 Crore to less than ₹2 Crores) - Without Premature Withdrawal Facility

Please contact branch for fixed deposit (INR 1 - 2 crores) interest rates

Non-Resident Fixed Deposit (₹1 Crore to less than ₹2 Crores) - Without Premature Withdrawal Facility

Please contact branch for fixed deposit (INR 1 - 2 crores) interest rates

Non-Resident Fixed Deposit

NRE

Tenure NRE (W.E.F 28-October-2023) NRE - Effective Yield (W.E.F 28-October-2023)
7 days - 14 days NA NA
15 days - 30 days NA NA
31 days - 45 days NA NA
46 days - 90 days NA NA
91 days - 180 days NA NA
181 days - 365 days NA NA
12 months - 15 months 7.65% 7.87%
15 Months 1 day-499 days 7.85% 8.08%
500 days 8.21% 8.47%
501 days - 18 months 7.85% 8.08%
18 months 1 day - 21 months 8.11% 8.36%
21 months 1 day - 24 months 8.11% 8.36%
24 months 1 day- 749 days 8.15% 8.40%
750 days 8.61% 8.89%
751 days - 30 months 8.15% 8.40%
30 months 1 day to 999 days 8.11% 8.36%
1000 days 8.41% 8.68%
1001 days- 36 months 8.11% 8.36%
36 months 1 day - 42 months 8.25% 8.51%
42 months 1 day - 48 months 7.50% 7.71%
48 months 1 day - 59 months 7.50% 7.71%
59 months 1 day - 60 months 8.00% 8.24%

NRO

Tenure NRO (W.E.F 28-October-2023) NRO Effective Yield (W.E.F 28-October-2023)
7 days - 14 days 3.00% 3.00%
15 days - 30 days 4.50% 4.50%
31 days - 45 days 5.25% 5.25%
46 days - 90 days 5.75% 5.75%
91 days - 180 days 6.25% 6.25%
181 days - 365 days 7.00% 7.19%
12 months - 15 months 7.65% 7.87%
15 Months 1 day-499 days 7.85% 8.08%
500 days 8.21% 8.47%
501 days - 18 months 7.85% 8.08%
18 months 1 day - 21 months 8.11% 8.36%
21 months 1 day - 24 months 8.11% 8.36%
24 months 1 day- 749 days 8.15% 8.40%
750 days 8.61% 8.89%
751 days - 30 months 8.15% 8.40%
30 months 1 day to 999 days 8.11% 8.36%
1000 days 8.41% 8.68%
1001 days- 36 months 8.11% 8.36%
36 months 1 day - 42 months 8.25% 8.51%
42 months 1 day - 48 months 7.50% 7.71%
48 months 1 day - 59 months 7.50% 7.71%
59 months 1 day - 60 months 8.00% 8.24%
**NRO deposit will be eligible for values less than ₹2 Crores only.
** NRE deposit will be eligible for values up to ₹10 Crores only.
Terms and Conditions
1. Interest rates are subject to change from time to time.
2. No preferential interest rates for senior citizen.
3. Penalty interest rate applies as per terms and conditions
Recurring Deposit (less than ₹2 Crores)
Tenure Interest Rate (W.E.F 28-October-2023)
7 days - 14 days 3.00%
15 days - 30 days 4.50%
31 days - 45 days 5.25%
46 days - 90 days 5.75%
91 days - 180 days 6.25%
181 days - 364 days 7.00%
12 months - 15 months 7.65%
15 Months 1 day to 18 Months 7.85%
18 months 1 day - 21 months 8.11%
21 months 1 day - 24 months 8.11%
24 months 1 day- 30 Months 8.15%
30 months 1 day to 36 Months 8.11%
36 months 1 day - 42 months 8.25%
42 months 1 day - 48 months 7.50%
48 months 1 day - 59 months 7.50%
59 months 1 day - 66 months 8.00%
66 months 1 day - 84 months 7.00%
Terms and Conditions
1. Penalty interest rate applies as per terms and conditions
Note:
Minimum tenure for Recurring Deposit is 6 months and maximum tenure is 60 months.
Affordable Housing Loan
Segment Effective Rate Of Interest* (p.a.) linked to External Benchmark Rate**
Salaried 9.99% onwards
Self Employed 10.99% onwards

*Fixed for 37 months and floating thereafter

** Floating rates are linked to 10-year Government of India Securities Yield (G-Sec) external benchmark rate. G Sec benchmark rate is arrived based on 3 months’ average yield of 10-year Government of India bond curve


Rates offered to customer during the period July'2023 to Sep'2023

Type of Interest Rate
Min. Rate of Interest 9.99%
Max. Rate of Interest 18.50%
Mean Interest Rate 14.79%
Annual Percentage Rate (APR) 14.97%
Loan Against Gold

Rates offered to the customers during the period July 2023 to September 2023

Interest Rates Range
Min. Rate of Interest 14.00%
Max. Rate of Interest 23.00%
Mean Interest Rate 17.07%
Annual Percentage Rate (APR) 18.65%
Micro Loans

Rates offered to customer during July 2023 to September 2023.

Interest Rates Range
Min. Rate of Interest 25.25%
Max. Rate of Interest 26.00%
Mean Interest Rate 25.40%
Annual Percentage Rate (APR) 26.96%
Loan Against Property
Loan Amount ROI
1.5 Lakhs - 50 Lakhs 13.5% Onwards

Rates offered to customer during the period July'2023 to Sep'2023

Interest Rates Range
Min. Rate of Interest 13.50%
Max. Rate of Interest 24.00%
Mean Interest Rate 19.51%
Annual Percentage Rate (APR) 19.73%

 

Over Draft Against Property

Rates offered to customer during the period July'2023 to Sep'2023

Interest Rates Range
Min. Rate of Interest 13.10%
Max. Rate of Interest 21.00%
Mean Interest Rate 16.38%
Annual Percentage Rate (APR) 17.37%
Institutional Finance
Loan Amount Effective ROI%* (P.A.) linked to External Benchmark rate**
1 Crore - 15 Crores 11% onwards

Rates offered to customer during the period July ’23 to Sep’23

Interest Rates Effective ROI%* (P.A.) linked to External Benchmark rate**
Minimum Rate of Interest 12.25%
Maximum Rate of Interest 13.50%
Mean Rate of Interest 12.75%
Annual Percentage Rate (APR) 13.01%

* Floating - for up to 36 months loan tenor. Fixed - for greater than 36 months loan tenor.

** Floating rate loans are linked to 10-year Government of India Securities' Yield (G-sec) external benchmark. This G-Sec benchmark rate is arrived based on 3 months' daily average yield of the 10-year Government of India bond curve.

Supply Chain Finance
Interest Rates ROI
Minimum Interest Rate 11% p.a.
Maximum Interest Rate 20% p.a.
Penal Interest Rate Up to 3% per month
Credit Period 30 – 120 days