Above rates are also applicable for NRO/NRE Fixed Deposits.However, there is no penalty for premature withdrawal of Fixed Deposits by senior citizens/super senior citizens.

On premature full/partial withdrawal of the Fixed Deposit, interest shall be paid at the rate that was applicable on the date the deposit was placed and for the period for which the deposit is maintained with the Bank, subject to a penalty of 1% on such rate.

The revised rates are applicable for fresh Fixed Deposits and renewal of old Fixed Deposits.

No deviation from the above rates will be permitted.

For Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as simple interest.

Tax Savings Fixed Deposits is applicable for Domestic/NRO (Not Applicable for NRE Fixed Deposits).

The maximum aggregate amount that can be invested in the Tax Savings Fixed Deposits (80C FD) under a single PAN is INR 1,50,000 and the same cannot be closed prematurely before expiry of the lock-in period of 5 years.

The Fixed Deposits rate applicable for a monthly interest option will be discounted rate over the applicable rate.

Interest earned on the Fixed Deposits will be subject to applicable Tax Deducted at Source as per Income Tax laws.

Deposit will be booked upon availability of clear funds with the bank at applicable interest rate as on the date of receipt of the funds by the bank.

Interest rates are subject to change from time to time.

For Fixed Deposits equal to and above INR 2 Crore please contact concerned branch staff.

Bank sa term deposit rates