Interest rates on Fixed Deposits
Period (months) | Existing Interest rate (p.a.) | Revised Interest rate (p.a.)
WEF Jan 1 2023 |
Increase in Interest rate (p.a.) |
12 | 7.00% | 7.30% | 0.30% (30 basis points) |
18 | 7.30% | 7.50% | 0.20% (20 basis points) |
24 | 7.50% | 7.75% | 0.25% (25 basis points) |
30 | 8.00% | 8.00% | – |
36 | 8.05% | 8.15% | 0.10% (10 basis points) |
42 | 8.15% | 8.20% | 0.5% (5 basis points) |
48 | 8.20% | 8.25% | 0.5% (5 basis points) |
60 | 8.30% | 8.45% | 0.15% (15 basis points) |
- Additional interest of 0.50% p.a will be paid for senior citizen (completed age 60 years on the date of deposit/renewal)
- Additional interest of 0.25% p.a will be paid on all renewals.
- Additional interest of 0.10% p.a. will be paid to Women Depositors.
- All above tenures will be available for both offline and online investments.