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. 01.07.2010)
Period
of deposit
Deposits less than Rs.1
crore(%)
15
days to 45 days
3.00
46
days to 90 days
4.00
91
days to 179 days
5.25
180
days to less than 1 year
6.25
1
year to less than 399 days
7.00
400
days
( SPECIAL MONSOON DEPOSITS From 01.07.2010 to 31.08.2010)
7.50
*
401
days to less than 2 years
7.00
2
years to less than 3 years
7.25
3
years to less than 5 years
7.25
5
years to less than 8 years
7.50
8
years and upto 10 years
7.75
* only upto 31.08.2010
* Term deposits for maturity period of 7 days to 14 days may to be accepted only for amounts of Rs 1 crore and above.
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.
Interest
Rates for Bulk Deposit Rs.1.00 cr and above.
Period
(from 13.03.2010)
Bulk
Deposit Rs.1 cr and above
1
year and above
6.00%
271
days to less than 1 year
5.50%
181
days to 270 days
4.50%
91
days to 180 days
3.50%
46
days to 90 days
3.00%
31
days to 45 days
2.25%
15
days to 30 days
2.00%
7
days to 14 days
1.50%
·Interest to be paid on premature withdrawal of
term deposits at 1.00% below the rate applicable for the period deposit has
remained with the Bank.
Bank’s Base Rate has been fixed as
7.75% per annum with effect from 1st Jul 2010, in tune with the
methodology suggested by RBI. All categories of loans and advances [including Bills], sanctioned/renewed on or after 1st Jul 2010, other than those specifically exempted, will be priced with reference to Base Rate.
Benchmark Prime Lending
Rate (BPLR) : 12.25 % pa
(with effect from 01.07.2009)
The maximum spread over PLR will continue to be 4% for all
advances other than consumer credit, clean advances, export credit and
other exempted categories as per RBI directives.
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 01-07-2009
Loan Scheme
Interest
Gold
Loan
Repayment period upto 6
months
12.00%
Repayment period above 6
months
12.00%
Liquid
Gold
Repayment period upto 6
months
13.00%
Repayment period above 6
months
13.00%
NSC
Loan
Over Draft
12.75%
Demand Loan
12.25%
Advance
against shares
15.25%
Akshaya
12.25%
Sowbhagya
Loan
12.25%
Clean
overdraft
16.25%
Sahaya
Varsha
With check off
facility/Corporate guarantee/ Equitable mortgage
14.25%
Other than above
15.75%
Prasanthi/Jai
Jawan Scheme/Prasanthi Elite ( Loan for Pensioners)
12.25%
Computer Loan
With check off
facility/Corporate guarantee/ Equitable mortgage
13.75%
Other than above
14.25%
Suvidha
Loan
Term Loan
13.25%
Education
Plus
12.25%
Subha
Yatra
12.75%
Mitra
Varsha
12.25%
Nurses
Suvidha
12.25%
Purchase
of House Site
12.25%
Loans
upto Rs.2 lacs in Personal Segment Clean Overdraft
16.25%
Loans
upto Rs.2 lacs in Personal Segment Term Loan
16.75%
* * * * *
Interest Rates on Car Loans With effect from 01-07-2009
New Cars
Period
Interest Rates
Upto 3 years
11.00 %
Above 3 years & upto 5 years
11.00 %
Above 5 years & upto 7 years
11.25 %
Used Cars
Upto 3 years
14.50
%
Above 3 years & upto 5 years
14.75%
* * * * *
Interest Rates on Two Wheeler Loans With effect from 01-07-2009
Two wheeler loans
14.50%
Interest Rates on Loans/Advances against
Bank's Rupee Time deposits (with effect from
21.05.2009)
Nature
of advance against Term Deposits (Domestic/NRE/NRO)
Interest Rate
Margin
When
the deposit is in the name of borrower
Staff
Upto
Rs. 3 lakhs-
Same rate
as applicable on the deposit
Above Rs 3 lakhs 1% above deposit
rate
NIL
Public
1% above
deposit rate
10 %
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.
15
%
Rupee
Loan against 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 01-07-2009
Loan
Amount
Interest
1. Upto Rs.4 lacs
11.50%
*
2. Above Rs.4 lacs
12.25%
*
* 0.5 % concession for Girl student
Housing Loan Interest Rates w.e.f 01-07-2009
Scheme
Period
Revised Floating Rate(%)
for new loans sanctioned on or after 22-01-2009
