No minimum balance
stipulation. If the average balance per month is above Rs. 5000/- the services are not
charged
A. Savings Bank
Deposits (Domestic/NRO)- 3.50% per annum ( w.e.f 01.03.2003)
B. Term Deposits (Domestic/NRO) (w. e. f. 01-01-2009)
Period
of deposit
Less
than Rs.15 lacs
Single Deposit Rs.15 lacs to less than 1Crore
7 days to 14 days
(Min deposit Rs. 1 lakh)
3.50%
3.50%
15 days and above upto 45 days
4.25%
4.25%
46 days and above upto 90 days
5.25%
5.25%
91 days and above upto 179 days
6.75%
6.75%
180 days and above but less than 1
year
7.50%
7.50%
1 year to less than 2 years
8.50%
8.50%
2 years to 999 days
8.75%
8.75%
1000 days (new product introduced)
9.00%
9.00%
1001 days to less than 3 years
8.75%
8.75%
3 years to less than
4 years
8.50%
8.50%
4 years to 5 years
8.50%
8.50%
Above 5 years
8.50%
8.50%
The
rates for deposits less than Rs.15 lakhs will apply to deposits under Capital Gains
Accounts Scheme 1988.
Pre-closure
penalty at the rate of 1.00% will be levied on all Term Deposits. Pre-closure charges are
not applicable for deposits closed for reinvestment for a period longer than the remaining
period of the original deposit.
The
revised rates are applicable for new deposits and renewal of maturing deposits.
0.50%
Above the normal rate of interest is applicable for Resident Senior Citizens (Any person
who is 60 Years of age and above) having deposits of Rs.5,000/- and above for more than
one year, except deposits under Capital Gains Account 1988 scheme.
Period (from 01.01.2009)
Single deposit Rs 1 Cr. and above
7 days to 14 days
3.50 %
15 days to 30 days
4.25 %
31 days to 45 days
4.50 %
46 days to 90 days
7.00 %
91 days to 180 days
7.25 %
181 days to 270 days
7.75 %
271 to less than 1 year
8.25 %
1 year and above
8.50 %
·Acceptance of
deposits above Rs.10 Cr. shall be subject to Bank’s decision on a case to case basis.
·For deposits of
46 days and above interest payable on premature closing will be 1% below the rate
applicable for the period for which the deposit has remained with the Bank.
·No interest will
be paid if the deposit is closed prematurely before completion of a minimum period of 46
days.
Benchmark Prime Lending
Rate (BPLR) : 12.75 % pa
(with effect from 01.01.2009)
In the case of interest rate for loans with floating rates linked to BPLR, the interest
rate is subject to change, with every increase or decrease in BPLR. Such change will be
restricted to the extent of increase/decrease in BPLR
FOLLOWING RATES ARE APPLICABLE FOR NEW LOANS
SANCTIONED FROM THE EFFECTIVE DATE
Interest Rates - P&SB (resident) & NRI Advances with effect from 01-01-2009
Loan Scheme
Interest
Gold Loan
Repayment period upto 6
months
11.75%
Repayment period above 6
months
11.75%
Liquid
Gold
Repayment period upto 6
months
12.75%
Repayment period above 6
months
12.75%
NSC
Loan
Over Draft
13.25%
Demand Loan
12.75%
Advance
against shares
15.75%
Akshaya
13.25%
Sowbhagya
Loan
12.75%
Clean
overdraft
16.75%
Sahaya
Varsha
With check off
facility/Corporate guarantee/ Equitable mortgage
14.75%
Other than above
15.75%
Prasanthi/Jai
Jawan Scheme ( Loan for Pensioners)
12.75%
Computer Loan
With check off
facility/Corporate guarantee/ Equitable mortgage
14.25%
Other than above
14.75%
Vehicle
Loan
Two wheelers
15.00%
Suvidha
Loan
Term Loan
14.50%
Overdraft
14.75%
Education
Plus
12.75%
Subha
Yatra
13.25%
Mitra
Varsha
12.75%
Nurses
Suvidha
12.75%
Purchase
of House Site
12.75%
Loans
upto Rs.2 lacs in Personal Segment Clean Overdraft
16.25%
Loans
upto Rs.2 lacs in Personal Segment Term Loan
Loans
against deposits accepted on card rates-2% over deposit rate Others (deposit above card
rate) - 2.00%
Margin 15 %
2% above deposit rate
Advance
against bank's own Term Deposits / Special
Term Deposits / Recurring Deposits to
third parties in whose name the deposits do not
stand
Loans upto Rs.2 lacs - 2.00% over the rate
allowed on deposit OR BPLR whichever is higher.
Loans above Rs.2 lacs - 2% above rate allowed on
deposit OR Rate of Interest applicable to the activity
financed (SIB/AGRI) whichever is higher.
If third party loan is
granted in personal segment, rate of interest to be charged as
applicable for the purpose /activity financed, ie. purchase of car, House etc. For
this purpose the declaration given by the customer should ordinarily be accepted.
If no such declaration is given, the rate applicable for Clean Overdraft OR
BPLR whichever is higher will be charged.
Margin 15%
FCNR Deposit
Interest
1. Loans to Account Holder
3% below SBTPLR
2. Loans to third Parties
at SBTPLR or 2% above the rate allowed on
deposits or the rate of interest applicable to the activity financed whichever is higher
Educational
Loans (Gyan Jyothi)
with effect from 01-01-2009
Loan
Amount
Interest
1. Upto Rs.4 lacs
12.00%
2. Above Rs.4 lacs
12.75%
Housing Loan Interest Rates w.e.f 01-01-2009
Scheme
Period
Revised Floating Rate(%)
for new loans opened on or
after 01-01-2009
