Reserve Bank of India – Press Releases
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Ajit Prasad Press Release: 2021-2022/924 |
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Month: September 2021
RBI ex-Guv Subbarao explains why RBI is anxious about cryptocurrency, BFSI News, ET BFSI
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The Reserve Bank of India (RBI) has stated multiple times that it has “serious” and “major” concerns about cryptocurrencies without ever explaining what those concerns could be. The central bank’s aversion to virtual currencies is seen as one of the primary motivations behind the government’s bill to ban all private cryptocurrencies.
The crypto industry believes the central bank is looking at cryptocurrencies through a narrow lens and is failing to appreciate the various use cases for such virtual currencies. The industry’s argument is that cryptocurrencies are a digital asset, and not a threat to the monetary sovereignty of the rupee.
While concerns that cryptocurrencies can facilitate money laundering and terror financing are being expressed globally, RBI, on its part, has shied away from explaining its key concerns in detail, leaving the crypto industry scratching its head.
In an interview with ETMarkets.com, former RBI Governor Dr D Subbarao said RBI’s concerns over cryptocurrencies like Bitcoin are three-fold.
Monetary Stability
RBI is the sole manager of currency in the economy and is responsible for the upkeep of the monetary system. Subbarao believes if virtual currencies gained traction, then it could threaten the monetary stability, as “it is quite possible that domestic price formation could be set in that virtual currency.”
Financial Stability
For Subbarao, the threat to the financial stability of the Indian economy from cryptocurrencies like Bitcoin is simple. “If regulated institutions, banks for example, are exposed to virtual currencies and if that currency is very volatile, then there could be financial instability,” Subbarao said.
The former finance secretary believes the threat to financial stability is particularly large from virtual currencies that do not have an intrinsic value and are backed by just algorithms, like Bitcoin and Ethereum.
Capital Outflow
Interestingly, Subbarao sees virtual currencies such as Bitcoin as a threat to the stability of the external sector of India. “Cryptocurrencies could become a conduit for capital flight, especially in a country like India where there is still no full convertibility of capital,” the former governor said.
In that light, Subbarao sees the efforts of central banks to create their own central bank digital currencies (CBDC) as a defensive mechanism. A central bank digital currency is a virtual version of the sovereign currency of the country and is issued by the central bank. This is different from private cryptocurrencies like Bitcoin, which is issued by private citizens.
Subbarao, who helmed the central bank during Global Financial Crisis as well as the infamous ‘taper tantrum’ period of 2013-14, is of the view that Facebook’s plans to launch a stablecoin back in 2016 (Libra) was the turning from when central banks saw cryptocurrencies as an assault to their sovereignty.
The former governor, who currently resides in Singapore, believes RBI’s primary motivation to launch a central bank digital currency is to not be left behind. “Main motivation is to ensure that it is not left behind in a world where CBDCs might become very ubiquitous,” Subbarao said.
CBDCs could also help the central bank reduce the high costs that it bears in printing and maintaining currency in circulation. However, in an economy where payment systems have already become very penetrative and virtual wallets are growing every minute, Subbarao sees little incentive for individuals to move away from private cryptocurrencies.
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China declares all cryptocurrency transactions illegal, BFSI News, ET BFSI
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China‘s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Chinese banks were banned from handling cryptocurrencies in 2013, but the government issued a reminder this year. That reflected official concern cryptocurrency mining and trading might still be going on or the state-run financial system might be indirectly exposed to risks.
Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes.
“Virtual currency derivative transactions are all illegal financial activities and are strictly prohibited,” the People’s Bank of China said on its website.
Promoters of cryptocurrencies say they allow anonymity and flexibility, but Chinese regulators worry they might weaken the ruling Communist Party’s control over the financial system and say they might help to conceal criminal activity.
The People’s Bank of China is developing an electronic version of the country’s yuan for cashless transactions that can be tracked and controlled by Beijing.
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Bitcoin slips after China central bank vows to crack down on crypto trading, BFSI News, ET BFSI
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Bitcoin fell nearly 5 per cent on Friday after China’s central bank said it would crack down on cryptocurrency trading, banning overseas exchanges from providing services to mainland investors.
The largest cryptocurrency was last down 4.6 per cent at $42,874, with smaller coins that typically trade in tandem with bitcoin also tumbling. Ether fell over 8 per cent while XRP slipped 7 per cent.
The People’s Bank of China also said it will bar financial institutions, payment companies and internet firms from facilitating cryptocurrency trading, and will strengthen monitoring of risks from such activities.
“Crypto markets are in an extremely frail state overall, and these sorts of downswings speak to that; there’s a degree of panic in the air,” said Joseph Edwards, head of research at cryptocurrency broker Enigma Securities.
“Crypto continues to exist in a grey area of legality across the board in China.”
Shares in cryptocurrency and blockchain-related firms also came under pressure with U.S. listed miners Riot Blockchain , Marathon Digital and Bit Digital slipping between 4.1 per cent and 5.1 per cent in premarket trading. China-focused SOS slipped 1.2 per cent while crypto exchange Coinbase Global fell 2.7 per cent.
Earlier this year, Chinese authorities said they would crack down on cryptocurrency mining, sparking a massive sell-off of bitcoin and other coins.
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4 Top Rated Best Performing Mirae Asset Equity Mutual Fund SIPs To Consider In 2021
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Mirae Asset Emerging Bluechip
Mirae Asset Emerging Bluechip Fund Direct-Growth manages a total of Rs. 20,615 crores in assets (AUM). The 1-year returns on Mirae Asset Emerging Bluechip Fund Direct-Growth are 75.07 percent. It has returned an average of 26.11 percent per year since its inception.
The financial, healthcare, technology, automobile, and energy sectors account for the majority of the fund’s holdings. In comparison to other funds in the category, it has less exposure to the Financial and Healthcare industries.
ICICI Bank Ltd., HDFC Bank Ltd., Axis Bank Ltd., Infosys Ltd., and State Bank of India are the fund’s top five holdings. A five year SIP of Rs 10,000 would result in profit of Rs 5.8 Lakh with current value of investment of Rs 11.8 lakh. The fund is ranked 5-star by Value Research and Morningstar.
Mirae Asset Tax Saver Fund Direct
The assets under management (AUM) of Mirae Asset Tax Saver Fund Direct-Growth is $9,401 crores.
The 1-year returns on Mirae Asset Tax Saver Fund Direct-Growth are 71.31 percent. It has returned an average of 23.85% every year since its inception. HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Axis Bank Ltd., and Tata Consultancy Services Ltd. are the fund’s top five holdings. The majority of the money in the fund is invested in the financial, technology, automotive, healthcare, and energy industries.
The scheme aims to achieve long-term capital appreciation by investing primarily in equities and equity-related securities in a diversified portfolio.
A five year SIP of Rs 10,000 would result in profit of Rs 5.7 Lakh with current value of investment of Rs 11.7 lakh. The fund is ranked 5-star by Value Research and Morningstar.
Mirae Asset Large Cap Fund Direct
Mirae Asset Large Cap Fund Direct-Growth manages a total of 29.425 crores in assets (AUM).
Mirae Asset Large Cap Fund Direct has a 1-year growth rate of 59.95 percent. It has had an average yearly return of 19.06 percent since its inception. Infosys Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and Axis Bank Ltd. are the fund’s top five holdings. The scheme intends to optimise long-term capital appreciation by investing in equities and equity-related assets to take advantage of investment possibilities arising from India’s economic growth and structural transformations. The NAV of Mirae Asset Large Cap Fund for Sep 23, 2021 is 87.02.
A five year SIP of Rs 10,000 would result in profit of Rs 4.32 Lakh with current value of investment of Rs 10.32 lakh. The fund is ranked 5-star by Value Research and Morningstar.
Mirae Asset Hybrid Equity Fund
Mirae Asset Hybrid Equity Fund Direct-Growth manages a total of 5,949 crores in assets (AUM). The fund now has a 74.33 percent stock allocation and an 18.84 percent debt exposure.
The 1-year returns on Mirae Asset Hybrid Equity Fund Direct-Growth are 49.05 percent. It has had an average yearly return of 15.75 percent since its inception. GOI, HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., and Tata Consultancy Services Ltd. are the fund’s top five holdings.
From a combined portfolio of equities and equity-related assets, as well as debt and money market instruments, the Scheme intends to create capital appreciation and current income.
A five-year SIP of Rs 10,000 would result in a profit of Rs 3.83 lakh with the current value of investment of Rs 9.83 lakh. The fund is ranked 5-star by Value Research and Morningstar.
4 Best Performing Mirae Asset Equity Mutual Fund SIPs To Consider
| Fund | 3- year Return | Ratings |
| Mirae Asset Emerging Bluechip | 26.68% | ValueResearch: 5-Star |
Morningstar: 5-Star
Morningstar: 5-Star
Morningstar: 5-Star
Morningstar: 5-Star
Disclaimer
The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice to buy or sell stocks, gold, currency, or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature.
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FMCG And IT Stocks To Buy As Recommended By Brokerages
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Price target of Rs 2,915 on the stock of Hindustan Unilever
Prabhudas Lilladher expects HUL to witness month on month improvement in demand since June-21 aided by resilient rural demand and improving urban demand.
“Inflation in Palmoil and Crude is likely to pressurize margins, however the intensity will be likely lower than 1Q22. Calibrated price hikes will not be sufficient to ward off the inflation in input costs and higher intensity in ad-spends. We estimate 8% volume and 4% growth in realisations during 2QFY22. EBIDTA and PAT is estimated to grow at 9.4% (Rs.31.4 billion) and 9.3% (Rs 22.3 billion),” the brokerage has said.
“We believe worst is over in margin pressures led by higher prices and peaked out input costs. We estimate 15% PAT CAGR over FY21-24 and arrive at DCF based target price of Rs 2915. Although recent upsurge in stock price limits near term gains, we recommend accumulating Hindustan Unilever for Long term,” Prabhudas Lilladher.
The stock of Hindustan Unilever was last seen trading at Rs 2,741 on the NSE.
Buy Mphasis stock, says Anand Rathi
Brokerage firm Anand Rathi has recommended buying the stock of Mphasis with a price target of Rs 3740, as against the current market price of Rs 3345.
Mphasis acquired Seattle-based Blink UX for $94m plus retention-payouts over the next two years. Founded in 2000, Blink is into customer research, user design and customer experience, essentially strengthening Mphasis’ value proposition in engineering/product design and in customer-facing industries such as BFSI.
According to Anand Rathi, it brings a reputed set of clients (leaders across sectors) with whom it shares long-tenured relations. “The acquisition is consistent with both Mphasis’ strategy and size (Blink is
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.
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Reserve Bank of India – Tenders
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E-tender no.: RBI/Chandigarh/Estate/74/21-22/ET/102 Attention is invited to the captioned e-tender no. RBI/Chandigarh/Estate/74/21-22/ET/102. This e-tender was floated on August 27, 2021 under the “Tenders” link of RBI website (www.rbi.org.in) and MSTC portal (https://www.mstcecommerce.com). 2. The captioned tender stands cancelled. A fresh tender will be uploaded on RBI website as well as MSTC portal. Regional Director |
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Chairman, BFSI News, ET BFSI
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Bombay Mercantile Bank recovered bad loans worth over Rs 6 crore in 2020-21 and expects better realisation going forward, a senior official has said. Recovery of NPAs (non-performing assets) has been a major thrust area for the bank. The bank has taken specific steps for reduction of NPAs by formulating policy for recovery of NPA through personal follow-ups and other legal measures, Zeeshan Mehdi, Chairman, Bombay Mercantile Co-operative Bank, said in his address at the annual general meeting (AGM).
“These efforts have resulted in the bank posting a recovery of Rs 6.10 crore, in NPA accounts. Due to the pendency of cases in various courts whose functioning was hampered because of the pandemic, resulting in delays in final verdicts, the recoveries in many NPA accounts could not be achieved as targeted,” he added.
Mehdi said the bank expects a healthy recovery of NPAs during the ensuing year.
The bank’s gross bad loans stood at 6.61 per cent and the net NPAs were 5.11 per cent during FY21.
The NPA is slightly higher due to the pandemic, however, it is still within the permissible limit of the regulators, he added.
The CRAR (capital to risk-weighted assets ratio) stood at 17.26 per cent against 16.88 per cent in the preceding fiscal.
BMC Bank registered a net profit of Rs 3.78 crore in FY21. Mehdi said the bank posted a second consecutive year of profit, however, the target was much higher.
The total business of the bank during 2020-21 stood at Rs 3,467.55 crore, of which deposits were Rs 2,363.38 crore and advances Rs 1,104.17 crore.
“During the year, the bank has been allotted its own IFSC code by the RBI, with all branches using exclusive IFSC codes. The bank is now a direct member of IFTAS and has been given permission to use INFINET connectivity to provide a variety of services to our customers and our treasury department,” the chairman said.
These services are RTGS, NEFT, SGL account with RBI, NDS-OM, NDS-Call, SWAP, LAF and MSF. Earlier, the bank did not have such facilities, he added.
The implementation of these digital initiatives would result in the enhancement of the customer experience, he said.
“The bank is moving ahead digitally at a fast pace…we are launching Mobile-App to our valued customers to meet the emerging business challenges and be at par with the best in the industry,” Mehdi added. PTI KPM BAL BAL
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Kotak Mahindra Bank Revises Interest Rates On Fixed & Recurring Deposits: Latest Rates Here
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Investment
oi-Vipul Das
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Among the leading private sector banks of India, Kotak Mahindra Bank allows different types of term deposit schemes for its debt investors having a low-risk appetite. For salaried individuals who are seeking to earn risk-free returns against their regular deposits, the bank offers a unique deposit account dubbed as Recurring Deposit (RD). The highest amount of Rs 25,000 each month is allowed to deposit in an RD account for a tenure of more than 36 months and a maximum RD amount of Rs.1,00,000/- per month is allowed for a tenure of up to 36 months at Kotak Mahindra Bank. One can open an RD account at the bank for a flexible tenure ranging from 6 months to 10 years. On the other hand, Kotak Mahindra Bank also allows a fixed deposit scheme where investors can park a fixed amount of money for a tenure that can range from 7 days to 10 years to gain interest rate on their deposits of less than Rs 2 Cr. For both deposit schemes, the bank has recently revised interest rates which are in force from 23rd September 2021.
Kotak Mahindra Bank Recurring Deposit Interest Rates
For recurring deposits made by resident individuals & HUF only, Kotak Mahindra Bank is offering the following interest rates which are applicable from 23rd September 2021.
| Period | Interest Rate p.a. (%) | Senior Citizen Rates p.a. (%) |
|---|---|---|
| 6 Months | 4.25% | 4.75% |
| 9 Months | 4.40% | 4.90% |
| 12 Months | 4.50% | 5.00% |
| 15 Months | 4.75% | 5.25% |
| 18 Months | 4.75% | 5.25% |
| 21 Months | 4.75% | 5.25% |
| 24 Months | 5.00% | 5.50% |
| 27 Months | 5.00% | 5.50% |
| 30 Months | 5.00% | 5.50% |
| 33 Months | 5.00% | 5.50% |
| 3 years – less than 4 years | 5.10% | 5.60% |
| 4 years – less than 5 years | 5.20% | 5.70% |
| 5 years – 10years | 5.25% | 5.75% |
| Source: Bank Website |
Kotak Mahindra Bank Fixed Deposit Interest Rates For Regular Customers
For Domestic, NRO, NRE fixed deposits of less than Rs 2 Cr, Kotak Mahindra Bank is offering the following interest rates to the regular customers with a premature withdrawal option.
| Maturity Periods | Less than Rs.2 Crore | Annualised Yield |
|---|---|---|
| 7 – 14 Days | 2.50% | 2.50% |
| 15 – 30 Days | 2.50% | 2.50% |
| 31 – 45 Days | 2.75% | 2.75% |
| 46 – 90 Days | 2.75% | 2.75% |
| 91 – 120 Days | 3.00% | 3.00% |
| 121 – 179 days | 3.20% | 3.20% |
| 180 Days | 4.20% | 4.20% |
| 181 Days to 269 Days | 4.25% | 4.30% |
| 270 Days | 4.40% | 4.45% |
| 271 Days to 363 Days | 4.40% | 4.45% |
| 364 Days | 4.40% | 4.45% |
| 365 Days to 389 Days | 4.50% | 4.58% |
| 390 Days (12 months 25 days) | 4.75% | 4.84% |
| 391 Days – Less than 23 Months | 4.75% | 4.84% |
| 23 Months | 4.90% | 4.99% |
| 23 months 1 Day- less than 2 years | 4.90% | 4.99% |
| 2 years- less than 3 years | 5.00% | 5.09% |
| 3 years and above but less than 4 years | 5.10% | 5.20% |
| 4 years and above but less than 5 years | 5.20% | 5.30% |
| 5 years and above upto and inclusive of 10 years | 5.25% | 5.35% |
| Source: Bank Website, effective from 23rd September 2021 |
Kotak Mahindra Bank Fixed Deposit Interest Rates For Senior Citizens
On their fixed deposits of less than Rs 2 Cr, senior citizens will get an additional rate over the applicable card rate to the general public. For deposits maturing in 7 days to 10 years, senior citizens will now get the following interest rates.
| Maturity Periods – Premature Withdrawal Allowed | Less than Rs.2 Crore | Annualised Yield |
|---|---|---|
| 7 – 14 Days | 3.00% | 3.00% |
| 15 – 30 Days | 3.00% | 3.00% |
| 31 – 45 Days | 3.25% | 3.25% |
| 46 – 90 Days | 3.25% | 3.25% |
| 91 – 120 Days | 3.50% | 3.50% |
| 121 – 179 days | 3.70% | 3.70% |
| 180 Days | 4.70% | 4.70% |
| 181 Days to 269 Days | 4.75% | 4.81% |
| 270 Days | 4.90% | 4.96% |
| 271 Days to 363 Days | 4.90% | 4.96% |
| 364 Days | 4.90% | 4.96% |
| 365 Days to 389 Days | 5.00% | 5.09% |
| 390 Days (12 months 25 days) | 5.25% | 5.35% |
| 391 Days – Less than 23 Months | 5.25% | 5.35% |
| 23 Months | 5.40% | 5.51% |
| 23 months 1 Day- less than 2 years | 5.40% | 5.51% |
| 2 years- less than 3 years | 5.50% | 5.61% |
| 3 years and above but less than 4 years | 5.60% | 5.72% |
| 4 years and above but less than 5 years | 5.70% | 5.82% |
| 5 years and above upto and inclusive of 10 years | 5.75% | 5.88% |
| Source: Bank Website, effective from 23rd September 2021 |
Story first published: Friday, September 24, 2021, 16:05 [IST]
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Top 5 Private Sector Banks Promising Good Returns On Recurring Deposits
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Yes Bank
Yes Bank allows recurring deposits for a tenure ranging from 6 months to 10 years. For a deposit amount of less than Rs 2 Cr, the bank has revised its interest rates on recurring deposits from 5th August 2021. On an RD account, senior citizens are also entitled to get an additional rate of 0.50% and the most recent interest rates on the RD account of Yes Bank are as follows.
| Period | Interest Rate (per annum) | Senior Citizen Rates (per annum) |
|---|---|---|
| 6 Months | 5.00% | 5.50% |
| 9 Months | 5.25% | 5.75% |
| 12 Months | 5.75% | 6.25% |
| 15 Months | 5.75% | 6.25% |
| 18 Months | 6.00% | 6.50% |
| 21 Months | 6.00% | 6.50% |
| 24 Months | 6.00% | 6.50% |
| 27 Months | 6.00% | 6.50% |
| 30 Months | 6.00% | 6.50% |
| 33 Months | 6.00% | 6.50% |
| 36 Months | 6.25% | 7.00% |
| 5 years upto 10 Years | 6.50% | 7.25% |
| Source: Bank Website, w.e.f 5th August, 2021 |
RBL Bank
With a minimum deposit amount of Rs 1000 one can open a recurring deposit amount at RBL Bank for a tenure ranging from 6 months and up to 20 years. With effect from 1st September 2021, RBL Bank has revised interest rates on its domestic recurring deposits and NRO/NRE Deposits of less than Rs 3 Cr which are listed below.
| Period of Deposit | Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
|---|---|---|
| 7 days to 14 days | 3.25% | 3.75% |
| 15 days to 45 days | 3.75% | 4.25% |
| 46 days to 90 days | 4.00% | 4.50% |
| 91 days to 180 days | 4.50% | 5.00% |
| 181 days to 240 days | 5.00% | 5.50% |
| 241 days to 364 days | 5.25% | 5.75% |
| 12 months to less than 24 months | 6.00% | 6.50% |
| 24 months to less than 36 months | 6.00% | 6.50% |
| 36 months to less than 60 months | 6.30% | 6.80% |
| 60 months to 60 months 1 day | 6.30% | 6.80% |
| 60 months 2 days to less than 120 months | 5.75% | 6.25% |
| 120 months to 240 months | 5.75% | 6.25% |
| Source: Bank Website, w.e.f. September 01, 2021 |
IndusInd Bank
With a minimum deposit amount of Rs 500 and thereafter in multiples of 100, you can open an RD account at IndusInd Bank for a maturity period of 9 months to 61 months and above. With effect from 23rd July 2021, this private sector bank had revised interest rates on recurring deposits which can be found below.
| Tenure | Interest Rates p.a. (%) | Senior Citizen Rates p.a.(%) |
|---|---|---|
| 09 Months | 5.5 | 6 |
| 12 Months | 6 | 6.5 |
| 15 Months | 6 | 6.5 |
| 18 Months | 6 | 6.5 |
| 21 Months | 6 | 6.5 |
| 24 Months | 6 | 6.5 |
| 27 Months | 6 | 6.5 |
| 30 Months | 6 | 6.5 |
| 33 Months | 6 | 6.5 |
| Above 3 years to below 61 month | 6 | 6.5 |
| 61 months and above | 5.5 | 6 |
| Source: Bank Website, w.e.f. July 23rd, 2021 |
IDFC First Bank
At IDFC First Bank, one can open a recurring deposit account for minimum and maximum monthly deposit amount of Rs 100 and Rs 75,000 respectively. The bank has revised its interest rates on RD with effect from 1st May 2021 which are framed below. Note: Senior citizens will be eligible to get an additional rate of 0.50% over the below rate.
| Period (in Months) | RD-Rate of Interest (%p.a.) w.e.f. May 01, 2021 |
|---|---|
| 6 months | 5.00% |
| 9 months | 5.25% |
| 12 months | 5.50% |
| 15 months | 5.50% |
| 18 months | 5.50% |
| 21 months | 5.50% |
| 24 months | 5.50% |
| 27 months | 5.75% |
| 36 months | 6.00% |
| 39 months | 6.00% |
| 48 months | 6.00% |
| 60 months | 6.00% |
| 90 months | 5.25% |
| 120 months | 5.25% |
| Source: Bank Website |
Axis Bank
With an online account opening option, Axis Bank allows minimum monthly installments of Rs. 500 while the maximum can run into multiples thereof with no maximum limit to open an RD account for a tenure ranging from 6 months to 10 years. The bank recently revised its interest rates on domestic term deposits and the new rates are applicable from 23rd September 2021 which can be seen below for a deposit amount of less than Rs 2 Cr.
| Period | Regular Interest Rates (in % p.a.) | Senior citizens interest rates ( in % p.a.) |
|---|---|---|
| 7 days to 14 days | 2.5 | 2.5 |
| 15 days to 29 days | 2.5 | 2.5 |
| 30 days to 45 days | 3 | 3 |
| 46 days to 60 days | 3 | 3 |
| 61 days | 3 | 3 |
| 3 months | 3.5 | 3.5 |
| 4 months | 3.5 | 3.5 |
| 5 months | 3.5 | 3.5 |
| 6 months | 4.4 | 4.65 |
| 7 months | 4.4 | 4.65 |
| 8 months | 4.4 | 4.65 |
| 9 months | 4.4 | 4.65 |
| 10 months | 4.4 | 4.65 |
| 11 months | 4.4 | 4.65 |
| 11 months 25 days | 4.4 | 4.65 |
| 1 year | 5.1 | 5.75 |
| 1 year 5 days | 5.15 | 5.8 |
| 1 year 11days | 5.1 | 5.75 |
| 1 year 25 days | 5.1 | 5.75 |
| 13 months | 5.1 | 5.75 |
| 14 months | 5.1 | 5.75 |
| 15 months | 5.1 | 5.75 |
| 16 months | 5.1 | 5.75 |
| 17 months | 5.1 | 5.75 |
| 18 months | 5.25 | 5.9 |
| 2 years | 5.4 | 6.05 |
| 30 months | 5.4 | 6.05 |
| 3 years | 5.4 | 6.05 |
| 5 years to 10 years | 5.75 | 6.5 |
| Source: Bank Website, W.E.F. 23/09/2021 |
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