Rate of Interest
Interest on Saving Bank A/c (w.e.f. 1st Oct 2017)
Scheme

Rate

If balance of the Saving Bank Account at end of the day is upto Rs. 1 Lakh

4.00%

If daily balance of the Saving Bank Account at end of day is above Rs. 1 Lakh

4.50%

Interest on term deposits to be paid Monthly, Quarterly, Halfyearly, & reinvested by quaterly compounding.
Your Deposits are insured up to Rs. 1 Lakh per depositor by Deposits Insurance and Credit Guarantee Corporation, Government of India undertaking.


Rate of Interest on Term Deposits: 
Period
Maturity Brackets 
Rate
For General Public
W.e.f. 01/03/2019

Rate
For Senior Citizen Depositors W.e.f 01/03/2019 

Reinvestment and Fixed Deposit 
Reinvestment and Fixed Deposit 
7 days to 14 days* 
4.00% p.a. 
4.00% p.a. 
15 days to 60 days 
5.00% p.a. 
5.00% p.a. 
61 days to 90 days 
5.00% p.a. 
5.00% p.a. 
91 days to 180 days 
5.50% p.a. 
5.50% p.a. 
181 days to 270 days 
6.00% p.a. 
6.00% p.a. 
271 days to 12 Months 
7.00% p.a. 
7.00% p.a. 
13 to 17 months 
7.75% p.a 
8.00% p.a 
18 to 24 months 
8.00% p.a. 
8.25% p.a. 
25 to 36 months 
7.75% p.a. 
8.00% p.a. 
37 months to 60 months 
7.25% p.a. 
7.50% p.a. 
61 months to 120 months 
7.00% p.a. 
7.25% p.a. 

Notes :
 Penalty of 1% p.a. levied for premature withdrawal of deposits.
 Rate of interest of 4.00% on deposit for a period of 7  14 days will be given provided deposit is Rs. 5,00,000.00 and above.
 Bank's PLR is 14% (Rate of Interest on Loans and advances are linked to Bank's PLR )


Special Schemes 


Special Schemes

For General Depositors

For Senior Citizen Depositors

PMC 100

8.00 % p.a..

8.00 % p.a..

PMC 31 (31 Months) (Monthly/Quarterly Interst Payout/Cumulative )

8.25% p.a..

8.50% p.a..

BAL BHAVISHYA SCHEME

7.00 % p.a..

N.A

FLEXIMONEY

7.00% p.a.

7.00% p.a.

ANANT RECURRING DEPOSIT  5 years

7.00% p.a.

N.A.

ANANT RECURRING DEPOSIT  10 years

7.00% p.a.

N.A.





'PMCB KarMukt Yojna' Term Deposit Scheme
To claim benefit under Section 80C up to a maximum of Rs. 1.50 Lakhs) for the period of 5 years.

Scheme

General Public

Senior Citizen

a) Reinvestment 
Quarterly Interest

7.25%

7.50%

b)Fixed Deposit 
quarterly interest 
7.25%

7.50%



Rate of Interests for NRI's (Nonresident Indians): 

NRE Deposits 
Maturity Brackets

Revised Rate of Interest w.e.f. 01/03/2019

13 months to 17 months 
7.75% p.a. 
18 months to 24 months 
8.00% p.a. 
25 months to 36 months 
7.75% p.a. 

* Interest payouts on Fixed Deposits are on quarterly basis



NRO Deposits

Period Maturity Brackets

Revised Rate of Interest w.e.f. 01/03/2019

7 days to 14 days* 
4.00% p.a.

15 days to 60 days 
5.00% p.a. 
61 days to 90 days 
5.00% p.a. 
91 days to 180 days 
5.50% p.a.

181 days to 270 days 
6.00% p.a. 
271 days to 12 months 
7.00% p.a. 
13 to 17 months 
7.75%p.a.

18 to 24 months 
8.00% p.a.

25 to 36 months 
7.75% p.a. 
37 months to 60 months

7.75% p.a. 
61 months to 120 months

7.00% p.a. 


NRO KAR MUKT YOJANA TERM DEPOSIT SCHEME 
To claim benefit under Section 80C up to a maximum of Rs. 1.50 Lakhs) for the period of 5 years. 

Scheme

Period

Senior Citizen

1 
NRO Kar Mukt Yojana
Reinvestment

60 Months

7.25%

2 
NRO Kar Mukt Yojana
quarterly interest

60 Months

7.25%


Accordingly the rates of interest on FCNR (B) Deposits and Resident Foreign Currency (RFC) Deposits w.e.f 01 st August 2019 are as under:
A)FCNR (B)Term Deposits with effect from 01/08/2019 (validupto 31/08/2019)are as under:


FCNR (B) deposits 
Currency 
1 years to less than 2 years 
2 years to less than 3 years 
3 years to less than 4 years 
4 years to less than 5 years 
5 years only 
USD 
4.04 
3.86 
4.80 
4.77 
4.78 
GBP 
2.68 
2.68 
3.67 
3.69 
3.71 
EUR 
1.59 
1.57 
2.60 
2.63 
2.69 
JPY 
1.95 
1.92 
2.91 
2.91 
2.91 


B) RFC Deposits with effect from 01.08.2019 (valid upto 31.08.2019) are as under: 
RFC Deposits 
Currency 
1 year 
2 year 
3 year 
USD 
4.04 
3.86 
4.80 
GBP 
2.68 
2.68 
3.67 
EUR 
1.59 
1.57 
2.60 

1% Penalty on Premature withdrawal will be applicable for both FCNR as well as RFC Deposits. 

Swap Cost For Loan/Overdraft against FCNR( B) deposits: 
Currency 
SWAP COST (%) 


6 MONTHS 
1YEAR 
USD 
4.14 
4.32 
GBP 
5.86 
5.88 
EUR 
7.21 
7.25 

Remarks: SWAP COST is subject to change as per Forex market fluctuations. 

FCNR deposit accounts and Loans/Overdrafts would be maintained at our "B" category Branches i.e Bhandup, Andheri Branch, Karol Baug  Delhi and Rajaji Nagar  Bengaluru.


The Rate of Interest on RFC Savings for all the three currencies i.e. USD, GBP and EURO based on prevailing LIBOR/EURIBOR is as under

Currency 

USD 
0.15% p.a. 
GBP 
0.48% p.a. 
EUR 
0.22% p.a. 
