Fixed Deposit Interest Rates – W.E.F. 01-01-2013
General / Fortune / Corporate Fixed Deposits
Period
Monthly
Annually
Maturity
Months
Simple
AER
Simple
AER
Simple
AER
1
13.25%
14.09%
13.25%
14.09%
3
13.35%
14.20%
13.50%
14.20%
6
13.50%
14.37%
13.75%
14.22%
12
13.75%
14.65%
14.00%
14.00%
14.00%
14.00%
24
14.00%
14.93%
14.25%
14.25%
14.50%
13.58%
36
14.25%
15.22%
14.50%
14.50%
14.75%
12.99%
48
14.50%
15.50%
14.75%
14.75%
14.85%
12.36%
60
14.75%
15.79%
14.85%
14.85%
15.00%
11.84%
Senior Citizen Fixed Deposits (Depositors who are 55 years of age or over on the date of Deposit) 1.00% above the "General" FD Rate – in the event of Joint Senior Citizen FD’s, all depositors must be 55 years or more on the date of deposit
Unfixed Deposits: Deposits can be prematurely withdrawn after one month from the date of deposit without penalty – 15.75% pa for a 12 month deposit Interest Payable on maturity.