RBI LIC. NO.: 04/01/1975 No. 52 P Registration NO.: 03/08/1972 No. 1557 Y

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RBI LIC. NO.: 04/01/1975 No. 52 P Registration NO.: 03/08/1972 No. 1557 Y

Rupay-Offers Account Login

Deposit Interest Rates

Deposits Rates
Saving Bank Deposit 3.50%
An additional interest of 1% p.a., over and above the above normal rate of interest, shall be payable on saving deposits of Staff and Ex-staff Members of the Bank.
NRE SAVINGS 3.50%
DOMESTIC TERM DEPOSIT (% p.a)
PERIOD 09-Sept-2025
1.) 7 days to 14 days# 3.75%
2.) 15 days to 30 days 3.75%
3.) 31 days to 90 days 4.50%
4.) 91 days to less than 6 Months 5.00%
5.) 6 Months to less than 1 year 5.50%
6.) 12 months to 18 months 6.75%
7.) Above 18 months 6.80%
  • An additional interest rate of 0.50% p.a. over and above the normal rate of interest for all the Time Deposit Schemes will be given as incentive for deposits of Senior Citizens who are above 60 years of age.
  • An additional interest rate of 1% p.a. over and above the normal rate of interest for all the Time Deposit Schemes will be given as incentive for deposits of Staff / Ex-Staff Members of the Bank.
  • Only one benefit shall be given to Staff members, either Senior Citizen or Staff Member.
    • The above revised rates are applicable with effect from August 1, 2024 for fresh deposits and renewal of old deposits only.
    • In case total interest earned exceeds the exempted limit as per extant guidelines in a year, income tax (including cess and surcharge, if any) shall be deducted as applicable.
    • Rates quoted above are subject to change without notice.
Penal Interest in case of Pre-mature payment of Domestic Term Deposits:
  • Penal interest of 1% on the Card Deposit Rate applicable on the date of issue of deposit for the period for which the deposit has remained with the bank shall be recovered / deducted.
  • No penal interest is to be recovered on pre-mature payment of existing deposit if the same is renewed for a period not less than the remaining / pre-mature period.
Payment of Interest on Overdue Domestic Term Deposits, if not renewed :
  • Interest shall be paid at the rate applicable on Savings (SS) accounts for the overdue period on the maturity amount of the Overdue Domestic Term Deposit.
  • If a non-cumulative/non-reinvestment term deposit (Ordinary, Quarterly, Monthly) is maturing for payment on a Sunday/holiday/non-business working day, interest shall be payable at the originally contracted rate on the original principal deposit amount for the Sunday/holiday/non-business working day, intervening between the date of the maturity of the specified term of the deposit and the date of payment of the proceeds of the deposit on the succeeding working day.
  • In case of cumulative/reinvestment deposits and recurring deposits, interest shall be payable for the intervening non-business working day on the maturity value.
 NRE Term Deposits 09- Sept-2025
12 months to 18 months 6.75%
More than 18 months 6.80%
  • The revised rates are applicable with effect from 09 September 2025 for fresh deposits and renewal of old deposits only.
  • As per extant RBI Directives:
    • NRE Term Deposits can to be accepted for a minimum period of 1 year and maximum period of 5 years only.
    • No interest will be payable on NRE Term Deposits that have remained with the bank for less than twelve months. In case an NRE account holder, immediately on return to India, request for conversion of the NRE term deposit into Resident Foreign Currency Account (RFC), please refer RBI Master Direction DCBR.Dir. No. 1/13.01.000/2015-16 dated 12 May 2016.
    • If a non-cumulative/non-reinvestment term deposit (Quarterly, Monthly) is maturing for payment on a Sunday/holiday/non-business working day, interest shall be payable at the originally contracted rate on the original principal deposit amount for the Sunday/holiday/non-business working day, intervening between the date of the maturity of the specified term of the deposit and the date of payment of the proceeds of the deposit on the succeeding working day.
    • In case of cumulative/reinvestment deposits, interest shall be payable for the intervening non-business working day on the maturity value.
    • On pre-mature withdrawal of the NRE Term Deposit (after completion of 1 year), interest will be paid at applicable rate for the period the deposit has actually remained with the Bank or contracted rate less Premature Penalty of 1%, whichever is lower.