Fixed Deposit Interest Rates – W.E.F. 2nd November 2016
General / Fixed Deposits






Period Monthly Annually Maturity
Months Simple AER Simple AER Simple AER
1 11.00% 11.57% 11.00% 11.57%
3 11.75% 12.40% 12.25% 12.82%
6 12.00% 12.68% 12.50% 12.89%
12 12.00% 12.68% 12.50% 12.50% 12.50% 12.50%
13 12.00% 12.68% 12.50% 12.44%
18 12.50% 13.24% 13.00% 12.61%
24 12.50% 13.24% 12.75% 12.75% 13.00% 12.25%
36 12.75% 13.52% 13.00% 13.00% 13.25% 11.80%
48 12.75% 13.52% 13.00% 13.00% 13.25% 11.22%
60 13.00% 13.80% 13.25% 13.25% 13.50% 10.87%
Senior Citizen Fixed Deposits (Depositors who are 55 years of age or over on the date of Deposit) 1.00% above the "General" FD Rate – in the event of Joint Senior Citizen FD’s, all depositors must be 55 years or more on the date of deposit
Unfixed Deposits: Deposits can be prematurely withdrawn after one month from the date of deposit without penalty 12.0% pa for a 12 month deposit Interest Payable on maturity.

Period

Amount Deposited

Maturity Value net of WHT

3 Years Rs. 7,300/- Rs. 10,000/-
Rs. 74,000/- Rs. 100,000/-
Rs. 7,400,000/- Rs. 10,000,000/-
4 Years Rs. 6,800/- Rs. 10,000/-
Rs. 68,000/- Rs. 100,000/-
Rs. 680,000/- Rs. 1,000,000/-
5 Years Rs. 6,300/- Rs. 10,000/-
Rs. 63,000/- Rs. 100,000/-
Rs. 630,000/- Rs. 1,000,000/-
Rs. 6,300,000/- Rs. 10,000,000/-
Senior Citizen Fixed Deposits (Depositors who are 55 years of age or over on the date of Deposit) 1.00% above the "General" FD Rate – in the event of Joint Senior Citizen FD’s, all depositors must be 55 years or more on the date of deposit
Unfixed Deposits: Deposits can be prematurely withdrawn after one month from the date of deposit without penalty –12.00% pa for a 12 month deposit Interest Payable on maturity.