Sonali Bank PLC (India) interest rates · November 2026
Sonali Bank India FD rates
All tenures, calculator and comparison →What will my FD earn at Sonali Bank India?
Overview
Sonali Bank PLC (India) (Sonali Bank India) is a foreign bank operating in India, headquartered in Kolkata. Its headline 1-year FD rate of 7.00% is 1.44% above the foreign bank average of 5.56%, ranking #295 of 1033 banks on RateScan.in.
Rates verified from official source. Scheduled foreign bank (RBI-licensed, operating in India): Indian operations' deposits insured by DICGC up to ₹5,00,000.
RBI record
Every RBI press release since 1 Jan 2024 that names Sonali Bank PLC (India), newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
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RBI fined the bank ₹96.40 lakh
RBI's reason: “for contravention of sub-section (1) of Section 15 of the Credit Information Companies (Regulation) Act, 2005 [CIC (R) Act] and the directions issued by RBI under the provisions of the CIC (R) Act on ‘Membership of Credit Information Companies (CICs)’, non-compliance with the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ and the directions issued by RBI on ‘Time-bound implementation and strengthening of SWIFT – related operational controls’”
What RBI found
“The bank had failed to (i) put in place a system of periodic review of risk categorisation of accounts, (ii) put in use a robust software throwing alerts for transactions inconsistent with risk categorisation and updated profile of the customers, (iii) implement certain SWIFT-related operational controls within the stipulated timelines and (iv) become a member of all the CICs within the stipulated timeline.”
RBI says: “The action is based on deficiencies in statutory and regulatory compliance and is not intended to pronounce upon the validity of any transactions or agreement entered into by the bank with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
Branches
Head office in Kolkata
RBI's IFSC directory doesn't list this bank's branches, so only its head office is shown. Check the bank's website for its branches.
Head office from the bank's RBI registration.
Sonali Bank India rates
Every rate, tenure by tenure, and what your money grows to.
Sonali Bank India Fixed Deposit rate changes
Changes to Sonali Bank India's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 1 Nov 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.
No change to Sonali Bank India's fixed deposit (FD) rates has been recorded since tracking started on 1 Nov 2026.
Good to know
- Deposits with Sonali Bank PLC (India) are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
- Sonali Bank India is a foreign bank operating in India, regulated by the RBI.
Informational only. Always confirm the current rate on the official Sonali Bank India website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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