Interest Rate
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Interest Rate
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Savings Account
Slab
Rate of Interest (p.a)
Up to and including ₹ 1 Lakh
6%
Above ₹ 1 Lakh
7%
Marginal Cost of Funds based Lending Rates (MCLR)

The Marginal Cost of Funds based Lending Rate (MCLR) with effect from June 15, 2018 for various tenures are as given under:

Tenure
MCLR Rates
Overnight
14.75%
1 Month
14.75%
3 Months
14.95%
6 Months
15.10%
1 Year
15.25%
2 Years
15.35%
Fixed Deposit
Tenure
General Public
Senior Citizens**
7 days to 45 days
4.00%
4.50%
46 days to 90 days
4.00%
4.50%
91 days to 180 days
6.00%
6.50%
181 days to 364 days
7.00%
7.50%
12 months to 15 months
8.00%
8.50%
15 months 1 day to 18 months
8.25%
8.75%
18 months 1 day to 21 months
8.50%
9.00%
21 months 1 day to 24 months
8.75%
9.25%
24 months 1 day to 36 months
9.00%
9.50%
3 years 1 day to 5 years
8.00%
8.50%
5 years 1 day to 7 years
7.00%
7.50%
`
** A senior citizen is defined as a person above the age of 60 years. In case of Joint account holders where one of the account holder is a Senior Citizen, kindly note that Senior Citizen Term Deposit Interest Rate will only be applicable provided the Senior Citizen is the ‘First holder’ on the said term deposit.
Note:
1. Acceptance of deposits of ₹1 Crore and above is at the discretion of the Bank.
The above rates are subject to revision from time to time.
Loan against Gold
Interest Rates
Range
Min. Rate of Interest
11.99%
Max. Rate of Interest
22.99%
Mean Interest Rate
17.13%
Annual Percentage Rate(APR*)
18.13%
*APR is calculated by adding 1% (annualized value of 0.5% PF taken for 6M tenure) to the Mean interest rate.
Micro Loans
Interest Rates
Range
Min. Rate of Interest
22.00%
Max. Rate of Interest
25.35%
Mean Interest Rate
24.70%
Annual Percentage Rate(APR*)
25.20%
*APR is calculated by adding 1% (annualized value of 0.5% PF taken for 6M tenure) to the Mean interest rate.
Loan Against Property

Rates offered to customer during the period January’18 to March'18

Interest Rates
Range
Min. Rate of Interest
13.5%
Max. Rate of Interest
24%
Mean Interest Rate
21.89%
Annual Percentage Rate(APR*)
22.05%
*APR is calculated by adding 1% (annualized value of 0.5% PF taken for 6M tenure) to the Mean interest rate.
Overdraft Against Property

Rates offered to customer during the period January’18 to March'18

Interest Rates
Range
Min. Rate of Interest
15.5%
Max. Rate of Interest
21%
Mean Interest Rate
18%