Scribd
Upload
14 views1 page

Interest Rates On INR Deposit: Tenor FD With Pre Closure (%) FD W/o Pre Closure (%) FD With Pre Closure (%)

Uploaded by

CA Sandeep Chhugani

The document summarizes interest rates for fixed deposits (FDs) up to Rs. 2 crores and over Rs. 2 crores at various tenors from 7 days to over 10 years. It also provides the unchanged 4% interest rate on savings accounts and the base rate of 9.20% effective October 2015. Finally, it lists the marginal cost of funds-based lending rate (MCLR) effective October 2019 for various tenors from overnight to one year.

Copyright:

© All Rights Reserved
Download as PDF, TXT or read online from Scribd
Download as pdf or txt

Interest Rates On INR Deposit: Tenor FD With Pre Closure (%) FD W/o Pre Closure (%) FD With Pre Closure (%)

Uploaded by

CA Sandeep Chhugani
14 views1 page
The document summarizes interest rates for fixed deposits (FDs) up to Rs. 2 crores and over Rs. 2 crores at various tenors from 7 days to over 10 years. It also provides the unchanged 4% interest rate on savings accounts and the base rate of 9.20% effective October 2015. Finally, it lists the marginal cost of funds-based lending rate (MCLR) effective October 2019 for various tenors from overnight to one year.

Original Description:

Interest rates

Original Title

Interest Rate

Copyright

© © All Rights Reserved

Available Formats

PDF, TXT or read online from Scribd

Did you find this document useful?

Is this content inappropriate?

The document summarizes interest rates for fixed deposits (FDs) up to Rs. 2 crores and over Rs. 2 crores at various tenors from 7 days to over 10 years. It also provides the unchanged 4% interest rate on savings accounts and the base rate of 9.20% effective October 2015. Finally, it lists the marginal cost of funds-based lending rate (MCLR) effective October 2019 for various tenors from overnight to one year.

Copyright:

© All Rights Reserved
Download as PDF, TXT or read online from Scribd
Download as pdf or txt
14 views1 page

Interest Rates On INR Deposit: Tenor FD With Pre Closure (%) FD W/o Pre Closure (%) FD With Pre Closure (%)

Uploaded by

CA Sandeep Chhugani
The document summarizes interest rates for fixed deposits (FDs) up to Rs. 2 crores and over Rs. 2 crores at various tenors from 7 days to over 10 years. It also provides the unchanged 4% interest rate on savings accounts and the base rate of 9.20% effective October 2015. Finally, it lists the marginal cost of funds-based lending rate (MCLR) effective October 2019 for various tenors from overnight to one year.

Copyright:

© All Rights Reserved
Download as PDF, TXT or read online from Scribd
Download as pdf or txt
You are on page 1/ 1

Interest Rates on INR Deposit

Interest Rates for amount up to INR 2 crore & > 2 Crore are kept unchanged as
below:

Tenor FD With Pre FD w/o pre FD With Pre closure


closure (%) closure (%) (%)

Max Amount Rs.2 Crores Rs.2 Crores Greater than


Rs.2 Crores
7 – 14 days 5.15 5.15 5.45
15 – 28 days 5.40 5.40 5.50
29 – 45 days 5.50 5.50 5.60
46 – 90 days 5.65 5.65 5.80
91 – 180 days 5.75 5.80 5.95
181 – 365 days 5.80 5.95 6.10
Over 1Y – 2Y 5.95 6.10 6.30
Over 2Y -10 Y 5.95 6.10 6.30

Premature withdrawal charges 1%

Interest Rates on Saving Bank A/C:

The Saving Bank A/C interest Rate is kept unchanged at 4%

Base Rate:

Base Rate effective 1st October 2015 is 9.20%

MCLR with effect from 1st October 2019:

Tenor MCLR
Overnight 7.50%
One-month 7.50%
Three-months 7.51%
Six months 7.50%
One year 7.63%

You might also like