DOMESTIC RUPEE TERM DEPOSITS 
The Bank has decided to revise interest rates on Domestic Rupee Term Deposits w.e.f 27.6.2011   (There is no revision in Rate of interest for Deposits below Rs1Crore.The rates of interest have been revised only for Domestic Term Deposits of Rs 1 Crore and above which will be displayed on daily basis)
Domestic Rupee Term Deposits                                                                                             (% p.a.)

* Minimum Deposit Rs.1 lakh.       
Senior Citizens: Senior Citizens other than staff A) 0.5% p.a interest more than the card rates on their deposits of six months & above  but less than 5 years , B) 0.70 % p.a for Term Deposits of 5 years and above but less than 8 years  and C)  0.80%  p.a for deposits of 8 years and upto 10 years  for  all term deposits of Rs.5000/- and above.  
 Senior Citizen Ex staff will get an additional interest of 1% p.a irrespective of the amount  of deposit  and period of deposits. Staff/Ex-staff senior citizens will get a further additional interest of 0.50% p.a on deposits of 6 months and above but less than 5 years , 0.70 % p.a for Term Deposits of 5 years and above but less than 8 years  and 0.80%  p.a for deposits of 8 years and upto 10 years  i.e 1% p.a. for staff + 0.50% p.a or 0.70% p.a  or 0.80% p.a  as applicable to  senior citizens. It is clarified that for additional rate to Sr. Citizens the minimum period of deposit should be 6 months even for staff and ex staff. 
Treasury will also quote separate rate of interest for deposit of Rs.10 Cr & above to branches. On rates quoted by the Treasury , no additional interest either for senior citizen or staff will be available. Auto renewal parameters for all Bulk Deposits should not be marked but DISABLED so that there may not be any case of discrimination in rate of interest paid to customers.

            Please also note that interest rates as above will also be applicable to deposits under Star Sunidhi Deposit Scheme. Please refer Branch Circular No. 100/90 dated 01-09-2006 for all other terms and conditions.
Effective Annualized Rate of Return (Indicative only) 
In keeping with Reserve Bank of India guidelines to provide information on effective annualized rate of return on deposits of various maturities, we give below the effective annualized rates of return on Bank’s cumulative deposit schemes, under the Re-investment Plan, on quarterly compounding basis:   (% p.a.)

PREMATURE WITHDRAWAL: For premature payment, there will be penalty of 0.50% p.a.  on all  the Term Deposits  of Rs1 Cr and above  which will  be accepted/renewed from 27th June,2011 however, there will be no premature penalty for Term Deposits below Rs 1 Cr.

For premature withdrawal the following rules for payment of interest will be applicable: 
"The applicable rate of interest on the date of acceptance of Deposit for the actual period for which the Deposits has remained with the Bank OR contracted rate of interest whichever is LOWER” No interest will be paid for premature withdrawal  below 7 days in case of Term Deposits and below 3 months in case of Recurring deposits. However, for deposits of Rs 1 Cr and above 0.50% p.a penalty will be applicable from 27.6.2011 for deposits received/ renewed  on or after 27.6.2011
In respect of specific 555 and 1111 days deposits, premature payment facility, on deposits of Rs1.00 Cr and above is not available except for individuals and HUF.
NO SPLITTING OF DEPOSITS: Request from customers to split deposits in several receipts on the same day to avail benefit of higher interest should not be entertained.  In other words, different Term Deposit Receipts issued on the same day in the same name/s maturing in same bucket should be clubbed together for determining the eligible rate of interest.