Domestic Front Office IG No.

: IC/314/2024
Integrated Treasury Wing Date : 12/04/2024
Mumbai Index : Deposits
Sub Index : Term deposits
Regulator : NA

For Internal use Only

Subject - Revision in Interest Rates of Domestic/NRO/NRE Callable and Non-Callable Bulk Term
Deposits w.e.f. 15.04.2024.

PM
SYNOPSIS
 Interest Rates on Bulk Domestic/NRO/NRE Term Deposits are revised w.e.f. 15.04.2024

2
:2
As per circular No IC/296/2024 dated 06.04.2024, rate of interest for Domestic/NRO/NRE Bulk term
10
deposit of Rs 2.0 Crores and above were communicated to the branches.

The revised card rates applicable for Bulk term deposits of Rs 2.0 crores and above for Domestic de-
24
posits / NRO w.e.f 15.04.2024 are as follows;

CALLABLE DEPOSITS
20

RATE OF INTEREST ( % P.A.)

Callable Deposits
4/

Abov
2 10 Abov Abov
/0

e Above Above
Crore - Crore e 25 e 50
SLABS PERIOD OF DEPOSIT 100 150 250
& Crore Crore Abov
12

Crore Crore – Crore –

less Above - – up e 500
– up up to up to
than – up to up to to Crore
to 250 500
10 25 50 100
150 Crore Crore
88

Crore Crore Crore Crore

Crore
1 7 Days to 45 Days 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25
47

2 46 Days to 90 Days 6.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50
3 91 Days to 179 Days 7.20 7.30 7.30 7.30 7.30 7.30 7.30 7.30
4 180 Days to 269 Days 7.40 7.50 7.50 7.50 7.50 7.50 7.50 7.50
52

270 Days to less than 1

5 7.60 7.60 7.60 7.60 7.60 7.60 7.60 7.60
Year
6 1 Year Only 7.60 7.70 7.70 7.70 7.70 7.70 7.70 7.70
Above 1 Year to 1 Year 3
7 7.60 7.70 7.70 7.70 7.70 7.70 7.70 7.70
Months
Above 1 Year 3 Months
8 6.80 6.80 6.80 6.80 6.80 6.80 6.80 6.80
to less than 2 Years
2 Years & above to less
9 6.25 6.25 6.25 6.25 6.25 6.25 6.25 6.25
than 3 Years
3 Years & above to less
10 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
than 5 Years
5 Years & above to 10
11 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
Years
 NON-CALLABLE DEPOSITS

RATE OF INTEREST ( % P.A.)

Non-Callable Deposits
Abo
10 Abo Abo
ve Above Above
2 Crore Crore ve 25 ve 50
SLABS PERIOD OF DEPOSIT 100 150 250
- & Crore Crore Abov
Crore Crore Crore –
less Above - – up e 500
– up – up to up to
than 10 – up to up to to Crore
to 250 500
Crore 25 50 100
150 Crore Crore
Crore Crore Crore
Crore
1 7 Days to 45 Days NA NA NA NA NA NA NA NA
2 46 Days to 90 Days 6.55 6.55 6.55 6.55 6.55 6.55 6.55 6.55

PM
3 91 Days to 179 Days 7.25 7.35 7.35 7.35 7.35 7.35 7.35 7.35
4 180 Days to 269 Days 7.45 7.55 7.55 7.55 7.55 7.55 7.55 7.55
270 Days to less than 1
5 7.65 7.65 7.65 7.65 7.65 7.65 7.65 7.65
Year

2
6 1 Year Only 7.65 7.75 7.75 7.75 7.75 7.75 7.75 7.75

:2
Above 1 Year to 1 Year
7 7.65 7.75 7.75 7.75 7.75 7.75 7.75 7.75
3 Months
8
Above 1 Year 3 Months
to less than 2 Years
6.85 6.85 6.85 10
6.85 6.85 6.85 6.85 6.85
2 Years & above to less
9 6.30 6.30 6.30 6.30 6.30 6.30 6.30 6.30
than 3 Years
24

3 Years & above to less

10 5.05 5.05 5.05 5.05 5.05 5.05 5.05 5.05
than 5 Years
20

5 Years & above to 10

11 5.05 5.05 5.05 5.05 5.05 5.05 5.05 5.05
Years
4/

NRE Term Deposits

/0

RATE OF INTEREST ( % P.A.)

12

Callable Deposits Non-Callable Deposits

SLABS PERIOD OF DEPOSIT Rs. 2 Crore to less than
Rs. 2 Crore to less
Rs.10 Crore
88

than Rs.10 Crore

General Public General Public

47

1 1 Year Only 7.60 7.65

2 Above 1 Year to less than 2 Years 6.80 6.85
52

3 2 Years & above to less than 3 Years 6.25 6.30

4 3 Years & above to less than 5 Years 5.00 5.05
5 5 Years & above to 10 Years 5.00 5.05

For all other terms and conditions applicable for Bulk Term Deposits, branches shall continue to be
guided by the Deposit Policy of the Bank and communications issued by Resources Wing.

JANARDHANA RAO P V
CHIEF GENERAL MANAGER