Rate of Interest

Deposits for Senior Citizens

Interest rates applicable for deposits below Rs. 1 crore with effective August 28, 2013

Monthly Income Plan

Monthly Income Plan
Period (Months) Rate of Interest (% p.a.) Maximum Deposit without TDS (Rs.)*
12 - 23 9.15% 54,000
24 - 47 9.15% 54,000
48 - 60 8.90% 56,000
Minimum Deposit Amount - Rs. 40,000
Monthly Income Plan - Platinum Deposits - (Fixed Rates only)
Period (Months) Rate of Interest (% p.a.) Maximum Deposit without TDS (Rs.)*
15 9.65% 51,000
22 9.50% 52,000
33 9.40% 53,000
Minimum Deposit Amount - Rs. 40,000

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Non-Cumulative Option

Non-Cumulative - Quarterly Option
Period (Months) Rate of Interest (% p.a.) Maximum Deposit without TDS (Rs.)*
12 - 23 9.20% 54,000
24 - 47 9.20% 54,000
48 - 60 8.95% 55,000
Minimum Deposit Amount - Rs. 20,000
Non-Cumulative - Half Yearly Option
Period (Months) Rate of Interest (% p.a.) Maximum Deposit without TDS (Rs.)*
12 - 23 9.30% 53,000
24 - 47 9.30% 53,000
48- -60 9.05% 55,000
Minimum Deposit Amount - Rs. 20,000
Non-Cumulative - Quarterly Option - Platinum Deposits - (Fixed Rates only)
Period (Months) Rate of Interest (% p.a.) Maximum Deposit without TDS (Rs.)*
15 9.70% 51,000
22 9.55% 52,000
33 9.45% 52,000
Minimum Deposit Amount - Rs. 20,000
Non-Cumulative - Half Yearly Option - Platinum Deposits - (Fixed Rates only)
Period (Months) Rate of Interest (% p.a.) Maximum Deposit without TDS (Rs.)*
15 9.80% 51,000
22 9.65% 51,000
33 9.55% 52,000
Minimum Deposit Amount - Rs. 20,000

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Annual Income Plan

Annual Income Plan
Period (Months) Rate of Interest (% p.a.) Maximum Deposit without TDS (Rs.)*
24 - 47 9.50% 52,000
48 - 60 9.25% 54,000
Minimum Deposit Amount - Rs. 20,000
Annual Income Plan - Platinum Deposits - (Fixed Rates only)
Period (Months) Rate of Interest (% p.a.) Maximum Deposit without TDS (Rs.)*
22 9.85% 50,000
33 9.75% 51,000
Minimum Deposit Amount - Rs. 20,000

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Cumulative Option

Cumulative Option
Period (Months) Rate of Interest
(% p.a.)
** Maturity Amount for a deposit of Rs 10,000 Maximum Deposit without TDS (Rs.)*
12 9.50% 10,950.00 52,000
24 9.50% 11,990.25 48,000
36 9.50% 13,129.32 43,000
48 9.25% 14,245.77 41,000
60 9.25% 15,563.50 37,000
Minimum Deposit Amount - Rs. 20,000 / Interest Compounded annually
Cumulative Option - Platinum Deposits - (Fixed Rates only)
Period (Months) Rate of Interest
(% p.a.)
** Maturity Amount for a deposit of Rs 10,000 Maximum Deposit without TDS (Rs.)*
15 10.00% 11275.00 48,000
22 9.85% 11886.69 46,000
33 9.75% 12925.86 43,000
Minimum Deposit Amount - Rs. 20,000 / Interest compounded annually.

Toll Free No. 1-800-22-2022

*As per the current provisions on the Income Tax Act,1961

** Subject to tax deduction at source wherever applicable.

Other Terms and Conditions as per Deposit Application Form.

Interest rates on deposits of Rs 1 crore and above would be as per the extant guidelines

Interest rates are subject to change and the rate applicable will be the rate prevalent on the date of deposit.

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