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Deposit Interest Rates

DOMESTIC / NRO DEPOSITS (w.e.f. 02.08.2010)

Period

Interest Rate % P.A.

For Deposits below Rs. 1 Crore

 For Deposits Rs. 1 Crore and above but below Rs. 10 Crores

Rate of Interest Annualised Yield at the minimum stage of the slab Rate of Interest Annualised Yield at the minimum stage of the slab
7 Days to 14 Days - - 2.50% 2.50%
15 Days to 45 Days 3.50% 3.50% 2.75% 2.75%
46  Days to  91 Days 4.25% 4.25% 3.50% 3.50%
92 Days to 179 Days 5.50% 5.50% 5.00% 5.00%
180 Days to <1 Year 6.25% 6.30% 5.75% 5.79%
1 Year to < 2 years 7.00% 7.19% 6.75% 6.92%
2 Years to <3 Years 7.25% 7.73% 7.00% 7.44%
3 Years to <5 Years 7.50% 8.32% 7.25% 8.02%
5 Years to < 66 Months 7.75% 9.36% 7.25% 8.65%
66 Months

 8.00%

 9.93%

7.25% 

8.81% 

Above 66 Months

 7.75%

 9.55%

7.25% 

8.81% 

NRE DEPOSITS (w.e.f. 01.07.2010)

Maturity Period

Interest Rate % P.A.

1 Year to less than 2 Years 2.92%
2 Years to less than 3 Years  2.72%
3 Years and above 3.08%

Rates of Interest on FCNR (B) and RFC Deposit Schemes w.e.f 01.07.2010

PERIOD USD GBP EURO Jap.Yen AUD CAD
1 Year and above but less than 2 Years 2.17 2.46 2.29 1.67 6.56 2.76
2 Years and above but less than 3 Years 1.97 2.43 2.35 1.47 5.90 2.56
3 Years and above but less than 4 Years 2.33 2.80 2.58 1.51 6.02 2.98
4 Years and above but less than 5 Years 2.71

3.16

2.83 1.55 6.24 3.33
5 Years only 3.05 3.45 3.07 1.62 6.34 3.58
  • Rates of Interest are in (Percent per annum)
  • Term Deposits with minimum tenor of 1 year and maximum tenor of 5 years accepted under the FCNR(B) scheme.
  • Interest and principal repayable in Foreign Currency as per the scheme.
  • Interest paid at half -yearly intervals or along with principal at maturity as per scheme.
Rupee Drawing Arrangements
The Bank has Rupee Draft Drawing Arrangement with
following Exchange House-
M/s Wall Street Exchange Center LLC,
Bldg. Of Aisha Sayed Yaqub Al Hashmi,
Al Sabkha, Diera, P.O. Box No. 3014,
DUBAI
U.A.E.
Tel: +9714 2284889, 2233173
Fax: +9714 2286533
E-Mail: info@wallstreet-corp.co.ae

For more information, please contact our M.I. Road, Jaipur Branch (miroadjaipur@rajbank.com) or International Banking Deptt., Corporate Office, Mumbai (ibd@rajbank.com).