Interest Rates on Saving Bank Deposits with effect from 15th SEP 2023.
| Particular | Rate of Interest |
| Saving Bank Deposit including NRE/NRO | Revised Rates w.e.f 15.09.2023 (% p.a) |
|---|---|
| Upto 1 Crore | 2.70% |
| Above 1 Crore to upto 50 Crore | 2.90% |
| Above 50 Crore to upto 100 Crore | 4.52% |
| Above 100 Crore to upto 500 Crore | 4.55% |
| Above 500 Crore | 5.00% |
Rate of interest on domestic term deposits, NRO accounts, capital gain accounts scheme 1988, recurring deposit scheme and psb fixed deposit tax-saver scheme
| Revised w.e.f. 14/11/2024 (% p.a.) | |
|---|---|
| Maturity | Fixed Deposit Less than Rs.3 Cr |
| 7 - 14 Days | 4.00(#) |
| 15 - 30 Days | 4.00 |
| 31 - 45 Days | 4.25 |
| 46 - 90 Days | 4.50 |
| 91 - 120 Days | 4.50 |
| 121-150 Days | 4.75 |
| 151 - 179 Days | 6.00 |
| 180 – 221 Days | 5.25 |
| 222 Days | 6.30($) |
| 223 – 269 Days | 5.25 |
| 270 – 332 Days | 5.50 |
| 333 Days | 7.20($) |
| 334-<1 Year | 5.50 |
| 1 Year | 6.30 |
| >1 Years - 443 Days | 6.00 |
| 444 Days | 7.30($) |
| 445 Days - 554 Days | 6.00 |
| 555 days ( Callable) | 7.45($) |
| 555 days ( Non - Callable)* | 7.50($) |
| 556 Days - <22 Months | 6.00 |
| 22 Months (PSB Green Earth) | 7.00* |
| >22 Months-<2 Years | 6.00 |
| 2 Years - 776 Days | 6.30 |
| 777 Days | 7.25($) |
| 999 Days ( Callable) | 6.65($) |
| 999 Days (Non-Callable)* | 7.40($) |
| 1000 Days - < 3 Years | 6.30 |
| 3 Years -< 44 Months | 6.00 |
| 44 Months (PSB Green Earth) | 6.75* |
| >44 Months - 5 years | 6.00 |
| >5 Years -< 66 Months | 6.25 |
| 66 Months (PSB Green Earth) | 6.45* |
| >66 Months - 10 Years | 6.25 |
(#) Minimum amount of term deposit shall be Rs. 1.00 lac
($) Valid for period upto 31.12.2024 only.
(*) As Per Terms & Conditions
- Note:
- FDRs issued for special purpose (under direction of court etc.), the term may exceed 10 years. The effective ROl for the same shall be as applicable for >5Y-10Years bucket
- Senior Citizens shall be given benefit of additional interest of 0.50% on term deposits of less than Rs. 3 crore, over and above the mentioned rates for the maturity of 180 days & above on fresh as well as on renewal of term deposits, same shall not be available to NRE, NRO deposits, capital gain and Bulk deposits.
- Super Senior Citizens (80 Years & above) shall be given benefit of additional interest of 0.15% on specific period (i.e. 222Days, 333Days, 444Days, 555 Days, 777Days, 999Days, PSB Green Earth (22 M,44M,66M)) Term Deposits of less than Rs. 3 crore, over and above mentioned in point no. 2 above for the maturity of 180 days & above on fresh as well as on renewal of term deposits, same shall not be available to NRE, NRO deposits, capital gain and Bulk deposits.
