Interest Rates on Deposits
Interest Rates on Saving Deposits including NRE Deposits (W.e.f. 06-10-2023)
Savings Deposits | Interest Rate (% p.a.) |
Balance upto Rs.1 Crore | 2.75 |
Balance above Rs.1 Crore | 3.00 |
Term Deposits including Inter Bank Deposits (W.e.f. 17-08-2024)
Maturity Range | Interest Rate(%p.a.) on Deposits below Rs. 2 Crore |
Annualised Interest Yield (%p.a.) on Deposits below Rs. 2 Crore |
7 days to 14 days | 3.00 |
3.03 |
15 days to 45 days | 3.75 |
3.80 |
46 days to 90 days | 4.00 |
4.06 |
91 days to 180 days | 4.50 |
4.58 |
181 days to less than 270 days | 5.75 |
5.88 |
271 days to less than 1 year | 5.75 |
5.88 |
1 year | 6.70 |
6.87 |
Greater than 1 year but less than 443 days | 6.85 |
7.03 |
444 days | 7.25 |
7.45 |
Greater than 444 days but less than 15 months | 6.80 |
6.98 |
15 Months | 6.80 |
6.98 |
Greater than 15 months but less than 599 days | 6.80 |
6.98 |
600 days | 6.80 |
6.98 |
Greater than 600 days but less than 2 years | 6.80 |
6.98 |
2 years and above but less than 3 years | 7.15 |
7.34 |
3 Years | 6.75 |
6.92 |
Above 3 Years but less than 5 years | 6.25 |
6.40 |
5 years and above but less than 8 years | 6.25 |
6.40 |
8 years and above but maximum 10 years | 6.25 |
6.40 |
Non Callable Deposits
Maturity Range | Interest Rate (% p.a.) Deposits Rs. 1 Crore to less than 2 Crore |
Annualised Interest Yield (%p.a.) on Deposits below Rs. 2 Crore |
1 Year | 6.65 |
6.82 |
Tax Saver
Maturity Range | Interest Rate (% p.a.) |
Annualised Interest Yield (%p.a.) |
BRKGB Tax Saving Scheme (5 Years and Above but up to 10 Years) | 6.25 |
6.40 |
Note
- Interest rates for deposit of Rs 2 crore and above will be decided by Head Office on the date of receiving request of branches
- Rate quoted are subject to change without notice.
- The revised rates are applicable for fresh deposits and renewal of old deposits.
- Additional interest of 0.50 % is paid on Term Deposits of Senior Citizens for the period upto 5 years
Interest rates on NRE Term Deposits
Period | Interest Rate (% p.a.) |
Annualised Interest Yield (%p.a.) |
1 year | 6.70 |
6.87 |
More than 1 year but less than 2 years | 6.80 |
6.98 |
2 years and more but less than 3 years | 7.15 |
7.34 |
3 years | 6.75 |
6.92 |
Above 3 Years but maximum 5 years | 6.25 |
6.40 |