Domestic Term Deposit Interest Rate

Interest Rates on Saving Bank Deposits with effect from 16th September 2021.

 
Particular Rate of Interest
Saving Deposits 3.00% p.a.
 

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. 16/09/2021 (% p.a.)
Maturity

Fixed Deposit

Less than Rs.2 Cr

7 - 14 Days 3.00(#)
15 - 30 Days 3.00
31 - 45 Days 3.00
46 - 90 Days 3.70
91 - 120 Days 3.90
121-150 Days 3.90
151 - 179 Days 3.90
180 – 269 Days 4.45
270 – 364 Days 4.50
1 Year - 2 Years 5.05
Above 2 Year < 3 Years 5.15
3 Years – 5 Years 5.30
> 5 Year – 10 Years 5.30

(#) Minimum amount of term deposit shall be Rs. 1.00 lac

Senior Citizens shall be given benefit of additional interest of 0.50% on term deposits of less than Rs. 2 crore, over and above the mentioned rates for the maturity of 180 days & above for fresh as well as on renewal of term deposits, same shall not be available to NRE and NRO Deposits.
Interest Rates on "PSB FIXED DEPOSIT TAX SAVER SCHEME" will be as under:
Maturity Public Sr. Citizen Staff Members Ex-Staff Members / Ex-Staff Members (Sr. Citizen)
5 Years 5.30% p.a. 5.80% p.a 6.30% p.a. 6.30% p.a.

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