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Home >> Deposit Products and Rate Of Interests>> Domestic Deposit Interest Rates
 
INTEREST RATES ON DEPOSITS
 
FOR DOMESTIC TERM DEPOSITS BELOW Rs 1.00 CRORE

Period of Deposit Rates of
Interest
w.e.f 26.07.2010

(%) p.a.
Rates of
Interest  for senior citizen
w.e.f 26.07.2010

(%) p.a.
(1) (2) (3)
15 days to 45 days  2.50 3.00
46 days to 90 days 3.50 4.00
91 days to 180 days 5.00 5.50
181 days to 269 days  5.50 6.00
270 days to  364 days  6.25 6.75
1 year to < 2years  6.75 7.25
2 years to < 3 years 6.75 7.25
3 years to  1099 days 7.00 7.50
1100 days to < 5 years  7.10 7.60
5 years to < 8 years 7.25 7.75
8 yrs & upto 10 years 7.50 8.00

Deposits under SyndTaxShield scheme will earn interest at the rate applicable to the relevant period

Additional Rate of 0.50% shall be extended to Senior Citizens for Domestic Term Deposits of less than Rs. 1 crore .

Eligible ex-employees who are entitled for additional interest of 1% over the Card rate for domestic term deposits of less than Rs 1 crore shall also be entitled to the benefit of additional interest of 0.50% payable to Senior Citizens  w.e.f. 18.12.2009. 

The above rates are applicable to fresh Domestic Term Deposits and renewals of existing Domestic Term Deposits of less than Rs. 1 crore, maturing on or after 26.07.2010.

 

FOR DOMESTIC BULK TERM DEPOSITS OF RS. 1.00 CRORE AND ABOVE

Tenor Rates of Interest
w.e.f
30.07.2010


(%) p.a.
(1) (2)
7 days to 14 days* 2.50
15 days to 30 days 2.75
31 days to 45 days 3.00
46 days to 89 days 3.50
90 days exact 4.25
91 days to 180 days 5.00
181 days to 269 days 5.50
270 days to 364 days   6.25
1 year & above  6.75

The above rates are subject to revision from time to time. 

The above rates are applicable to fresh  Term Deposits and renewals of existing  Term Deposits of  Rs. 1 crore & above, maturing on or after 30.07.2010.

*Prior permission of CO:P&D is to be obtained before quoting/accepting deposits under the tenure 7 to 14 days.

No additional interest is payable to Senior Citizens on Domestic Term Deposits of Rs. 1 Crore and above. 

The branches are required to obtain prior clearance from Corporate Ofiice, P&D Department through the respective Regional Office before accepting domestic term deposits of ABOVE RS.10 CRORE including renewals.

Customers may contact the nearest branch of Syndicate Bank for details.


Non Resident External (NRE) Rupee Term Deposits

Period of Deposit Rate of Interest(%)
(w.e.f. 01.06.2010
upto
30.06.2010)
Revised
Rate of Interest (%)
(w.e.f. 01.07.2010)
1 year & above but less than 2 years 2.95 2.92
2 years & above but less than 3 years 3 2.72
3 years & above upto 5 years 3.47 3.08

The rate of interest on NRE Rupee Term Deposits is applicable upto 31.07.2010

Type of deposit Revised Rate (%) w.e.f. 18.11.2005
NRI Rupee Savings Deposit 3.50

For Latest FCNR (B) Interest Rates Click here FCNR (B)

 
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