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Fixed Deposits
 
Fixed Rate Deposit
Interest rates applicable from May 1, 2019 subject to review subsequently.
Base Rates for Fixed Deposits < ₹ 10.0 mn
Tenure
(In Months)
Effective May 1, 2019
Monthly Income Plan Quarterly Income Plan Yearly Income Plan Cumulative Plan Indicative Yield (Cumulative option) **
> = 12  -  < = 24 7.65% 7.70% 7.90% 7.90% 7.90%
> 24  -  < = 36 7.90% 7.95% 8.20% 8.20% 8.54%
> 36  -  < = 48 7.95% 8.00% 8.25% 8.25% 8.95%
> 48  - < = 60 7.95% 8.00% 8.25% 8.25% 9.33%
> 60  -  < = 84  8.00% 8.05% 8.30% 8.30% 9.80%
> 84  -  < = 108 8.00% 8.05% 8.30% 8.30% 10.68%
> 108  -  < = 120 8.05% 8.10% 8.35% 8.35% 11.76%
0.25% additional interest for senior citizen
# The yield mentioned is calculated using the first month of each tenure grid.
** In case of cumulative deposit, interest is compounded before deduction of Tax
Special Scheme Rates for Fixed Deposits < ₹ 10.0 mn
Tenure
(In Months)
Effective May 1, 2019
Cumulative Non-Cumulative
Cumulative Plan Indicative Yield to Maturity** Monthly Income Plan Quarterly Income Plan Yearly Income Plan
12 7.90% 7.90% 7.65% 7.70% 7.90%
15 8.00% 8.13% 7.70% 7.75% 8.00%
20 8.20% 8.47% 7.90% 7.95% 8.20%
30 8.20% 8.75% 7.90% 7.95% 8.20%
35 8.25% 8.93% 7.95% 8.00% 8.25%
40 8.25% 9.10% 7.95% 8.00% 8.25%
60 8.30% 9.80% 8.00% 8.05% 8.30%
75 8.30% 10.35% 8.00% 8.05% 8.30%
90 8.35% 11.02% 8.05% 8.10% 8.35%
105 8.35% 11.64% 8.05% 8.10% 8.35%
120 8.35% 12.30% 8.05% 8.10% 8.35%
0.25% additional interest for senior citizen
** In case of cumulative deposit, interest is compounded before deduction of Tax