eSaver Account

Rates Valid for 5 May 2021

05 May ’21	INR < 2 Cr	INR 2 cr -<3 cr	INR 3 cr – < 4 cr	INR 4 cr – < 5 cr	INR 5 cr – < 6 cr	INR 6 cr – < 7.50 cr	INR < 1 Cr (Senior citizen) **
7-9 days	2.50%	1.75%	1.75%	1.75%	1.50%	1.75%	2.50%
10-14 days	2.50%	1.75%	1.75%	1.75%	1.50%	1.75%	2.50%
15 -17days	2.50%	1.75%	1.75%	1.75%	1.50%	1.75%	2.50%
18-20days	2.50%	1.75%	1.75%	1.75%	1.50%	1.75%	2.50%
21-23days	2.50%	1.75%	1.75%	1.75%	1.50%	1.75%	2.50%
24-26 days	2.50%	1.75%	1.75%	1.75%	1.50%	1.75%	2.50%
27-29days	2.50%	1.75%	1.75%	1.75%	1.50%	1.75%	2.50%
30-32 days	3.00%	1.75%	1.75%	1.75%	1.50%	1.75%	3.00%
33-35 days	3.00%	1.75%	1.75%	1.75%	1.50%	1.75%	3.00%
36-38 days	3.00%	1.50%	1.50%	1.50%	1.25%	1.50%	3.00%
39-41 days	3.00%	1.50%	1.50%	1.50%	1.25%	1.50%	3.00%
42-44 days	3.00%	1.50%	1.50%	1.50%	1.25%	1.50%	3.00%
45 -47 days	3.00%	1.50%	1.50%	1.50%	1.25%	1.50%	3.00%
48-50 days	3.00%	1.50%	1.50%	1.50%	1.25%	1.50%	3.00%
51-53 days	3.00%	1.50%	1.50%	1.50%	1.25%	1.50%	3.00%
54-56 days	3.00%	1.50%	1.50%	1.50%	1.25%	1.50%	3.00%
57-59 days	3.00%	2.20%	2.20%	2.20%	1.25%	2.20%	3.00%
60-74 days	3.00%	2.20%	2.20%	2.20%	1.25%	2.20%	3.00%
75-89 days	3.00%	2.40%	2.40%	2.40%	2.00%	2.40%	3.00%
90 -104 days	3.50%	2.60%	2.60%	2.60%	2.00%	2.60%	3.50%
105-120 days	3.50%	2.60%	2.60%	2.60%	2.00%	2.60%	3.50%
121 -149 days	3.50%	2.60%	2.60%	2.60%	2.00%	2.60%	3.50%
150-164 days	3.50%	2.60%	2.60%	2.60%	2.00%	2.60%	3.50%
165-180 days	3.50%	2.60%	2.60%	2.60%	2.00%	2.60%	3.50%
181-210 days	4.40%	2.60%	2.60%	2.60%	2.00%	2.60%	4.40%
211-226 days	4.60%	2.60%	2.60%	2.60%	2.00%	2.60%	4.60%
227 – 269 days	4.60%	2.60%	2.60%	2.60%	2.00%	2.60%	4.60%
270 days-345 days	4.60%	2.60%	2.60%	2.60%	2.00%	2.60%	4.60%
346 days-364 days	4.60%	2.60%	2.60%	2.60%	2.00%	2.60%	4.60%
1yr – 375days	5.30%	2.60%	2.60%	2.60%	2.00%	2.60%	5.80%
376 -390 days	5.20%	2.60%	2.60%	2.60%	2.00%	2.60%	5.70%
391 days < 18 Months	5.20%	2.60%	2.60%	2.60%	2.00%	2.60%	5.70%
18M < 21M*	5.40%	2.60%	2.60%	2.60%	2.00%	2.60%	5.90%
21M < 2 Yrs	5.25%	2.60%	2.60%	2.60%	2.00%	2.60%	5.75%

Staff rate not applicable on e-saver deposits

** ‘Senior Citizen’ benefit of additional 0.50% p.a. interest will be made available only to tenors greater than or equal to one year and amounts less than 1 crore with effect from 1st September 2018.This change is applicable to fresh booking as well as renewal of deposits.

The deposit holder may submit Form 15G / 15H with the Bank in case does not want the Tax to be deducted at source. Such form has to be submitted every financial year for each fixed / recurring deposit held and on each renewal of the deposit. You may submit to us such Form at the beginning of the financial year if you are not liable to pay tax.

In the absence of Primary holder’s PAN details, TDS at a higher rate of 20% will be applied on resident Time deposits with interest income of INR 40,000 or above during the financial year.

Customers who have registered for e statements can access their Deposit confirmation advise by logging in to online banking account.