Interest Rates on Saving Deposits

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Interest Rates on Saving Deposits including NRE Deposits (W.e.f. 06-10-2023)

Savings Deposits
Interest Rate (% p.a.)
Balance upto Rs.1 Crore
2.75
Balance above Rs.1 Crore
3.00

Term Deposits including Inter Bank Deposits (W.e.f. 01-01-2024)

Maturity Range
Interest Rate(%p.a.) on Deposits below Rs. 2 Crore
Annualised Interest Yield (%p.a.) on Deposits below Rs. 2 Crore
7 days to 14 days
3.00
3.03
15 days to 45 days
3.00
3.03
46 days to 90 days
4.00
4.06
91 days to 180 days
4.50
4.58
181 days to less than 270 days
5.75
5.88
271 days to less than 1 year
5.75
5.88
1 year
6.65
6.82
Greater than 1 year but less than 443 days
6.80
6.98
444 days
7.15
7.34
Greater than 444 days but less than 15 months
6.80
6.98
15 Months
6.80
6.98
Greater than 15 months but less than 599 days
6.80
6.98
600 days
6.80
6.98
Greater than 600 days but less than 2 years
6.80
6.98
2 years and above but less than 3 years
6.80
6.98
3 Years
6.75
6.92
Above 3 Years but less than 5 years
6.25
6.40
5 years and above but less than 8 years
6.25
6.40
8 years and above but maximum 10 years
6.25
6.40

Non Callable Deposits

Maturity Range
Interest Rate (% p.a.) Deposits Rs. 1 Crore to less than 2 Crore
Annualised Interest Yield (%p.a.) on Deposits below Rs. 2 Crore
1 Year
6.65
6.82

Tax Saver

Maturity Range
Interest Rate (% p.a.)
Annualised Interest Yield (%p.a.)
BRKGB Tax Saving Scheme (5 Years and Above but up to 10 Years)
6.25
6.40

Note


  1. Interest rates for deposit of Rs 2 crore and above will be decided by Head Office on the date of receiving request of branches
  2. Rate quoted are subject to change without notice.
  3. The revised rates are applicable for fresh deposits and renewal of old deposits.
  4. Additional interest of 0.50 % is paid on Term Deposits of Senior Citizens for the period upto 5 years

    5. Interest rates on NRE Term Deposits

    Period
    Interest Rate (% p.a.)
    Annualised Interest Yield (%p.a.)
    1 year
    6.65
    6.82
    More than 1 year but less than 2 years
    6.80
    6.98
    2 years and more but less than 3 years
    6.80
    6.98
    3 years
    6.75
    6.92
    Above 3 Years but maximum 5 years
    6.25
    6.40