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Revised MCLR - Effective from Nov 15, 2019 are as follows:
Revised MCLR - Effective from Nov 15, 2019 are as follows:
Particulars MCLR Rates
Overnight MCLR 6.77%
One month MCLR 6.95%
Three month MCLR 7.10%
Six Month MCLR 7.15%
One Year MCLR 7.40%


(w.e.f. Oct 18, 2019)

Type of Accounts Rate of Interest
A. Current Nil
B. Savings 3.50%

Term Deposits - Corporate and Individuals (Amount < INR 2 Crore)
Tenure %
7 – 14 days 3.50
15 to less than 31 days 4.00
31 to less than 91 days 4.50
91 to less than 181 days 5.00
181 to less than 366 days 5.25
366 days and above 5.25

Note: 1) The aforesaid interest rates are subject to change without notice.
2) For Terms and Conditions or for deposit amounts of Rs. 2 crores and above, Banking/Business Departments should get the rates from Treasury and should quote accordingly to the customers.

Premature withdrawal of deposits:

If customer would like to terminate fixed deposits before its due date, rates applicable for fixed deposits would be deposits rates published by the bank for the respective maturity minus 1%. However, if deposits are terminated Before 7 days no interest would be paid to customer.