Term Deposit

Revised Interest Rates of Term Deposits(Normal Category) w.e.f 17.02.2020
  Single Deposit of below Rs. 1 Crore Single Deposit of Rs. 1 Crore & Above
FIXED DEPOSITS/ NRO DEPOSITS
7 Days - 14 Days 3.75% 3.75%
15 Days -29 Days 4.00% 4.00%
30 Days -90 Days 4.00% 4.00%
91 Days - 180 Days 5.00% 5.00%
181 Days - 364 Days 5.75% 5.25%
1 Year and Above - Upto 3 Years 6.50% 5.75%
More than 3 years - Upto 5 years 6.25% 5.75%
CUMULATIVE FIXED DEPOSIT
6 Months and above - less than 1 year 5.75% 5.25%
1 year and above - Upto 3 years 6.50% 5.75%
More than 3 years - Upto 5 years 6.25% 5.75%
KAMDHENU DEPOSITS
For fixed period of 3 years 6.50% 5.75%
KAL FLEXI DEPOSITS
15 Days to 181 Days 5.00% 5.00%
     
RECURRING DEPOSIT
1 year and above upto 3 years 6.50% 5.75%
     
More than 3 years upto 5 years 6.25% 5.75%
NRE DEPOSIT
1 year and above - upto 3 years 6.50% 5.75%
More than 3 years - upto 5 years 6.25% 5.75%
KAL DOUBLE DEPOSIT YOJANA For 134 Months - 6.25% For 146 Months - 5.74%
     
DEPOSIT UNDER SECTION 80 C OF INCOME TAX ACT
REGULAR RATE 6.25% 6.25%
STAFF RATE 7.25% 7.25%
As per notification of Government, the said deposits are taken for 5 years and no FD-OD advances are to be sanctioned against that.
NON CALLABLE DEPOSITS   6.25% ( For Rs. 100.00 Lacs and above Deposits only)
KAL SHORT TERM DEPOSIT SCHEME (111 DAYS TO 360 DAYS) General/Sr.Citizen/Super Sr. Citizen - 5.25% General/Sr.Citizen/Super Sr. Citizen - 5.25%
  Staff - 5.50% Staff - 5.25%
  NRO - 5.25% NRO - 5.00%

*Conditions Apply

Other matters as mentioned below are unchanged:

  • Senior citizen (i.e. having age of 60 Years or more) will benefit of 0.50% higher interest rate on Deposits. However Deposits placed by Senior citizen under section 80 C of Income tax act, NRE –NRO, Kal Flexi, Diamond Kal Flexi, Non-callable Deposits, Kal Double Deposit , Kal Short Term Deposit will not be eligible for such additional interest rate benefit.
  • Super senior citizens (who have completed 75 years) will get additional benefit of 0.25% i.e. total benefit of 0.75% higher interest rate on deposits. However Deposits placed by Super Senior citizen under section 80 C of Income tax act, NRE –NRO, Kal Flexi, Diamond Kal Flexi, Non-callable Deposits, Kal Double Deposit , Kal Short Term Deposit will not be eligible for such additional interest rate benefit.
  • Senior citizens and super senior citizens will not get benefit of additional interest rate on deposits having maturity of less than 1 year. This means that if senior citizen/ super senior citizen want to avail benefit of additional interest rate on deposits then they have to place deposit for 1 year & above.
  • Staff members will continue to get 1% additional interest on Term deposits. If staff is senior citizen, he/she will continue to get additional interest benefit of 0.50% and super senior citizen will continue to get further interest berefit of 0.25%, subject to concerned staff having submitted declaration that money deposited belongs him / her only
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