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Interest Rate - Deposits    Domestic deposits        Non Resident deposits       RFC Accounts     

Domestic Deposits

A. Savings Bank Deposits (Domestic/NRO)- 3.50% per annum  ( w.e.f  01.03.2003)

                                 B. Term Deposits  (Domestic/NRO)   (with effect from 02-08-2008) 
Period of deposit

Rate of Interest
Deposits below Rs. 15 lacs

Annualised  Rate of Return at the start of the slab

 Rate of Interest
Deposits Rs.15 lacs and upto Rs.4 crore

Annualised  Rate of Return at the start of the slab
7 days to 14 days (Min deposit Rs. 1 lakh)  3.50% 3.50% 3.50% 3.50%
15 days and above upto 30 days 5.00% 5.00% 5.00% 5.00%
31 days and above upto 45 days 5.00% 5.00% 5.00% 5.00%
46 days and above upto 90 days 5.25% 5.25% 5.25% 5.25%
91 days and above upto 179 days 7.00% 7.00% 7.00% 7.00%
180 days and above but less than 1 year (wef 04-08-2008)  8.50% 8.59%   8.50% 8.59%
1 year and above but less than 2 years  9.75% 10.11%  9.75% 10.11%
2 years and above but less than 3 years 9.50% 10.33% 9.50% 10.33%
3 years and above but less than 4 years 9.25% 10.52% 9.25% 10.52%
4 years and above up to 5 years 9.25% 11.04% 9.25% 11.04%
Above 5 years  9.25% 11.59% 9.00% 11.59%
with effect from 14-12-2006

Ordinary

Senior Citizen
SBT Tax Saver Deposit

9.00%

9.5%
  • Pre-closure penalty at the rate of 1.00% will be levied on all new Term 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.
  • The revised rates are applicable to new deposits and renewal of maturing deposits.
  • The above rates will apply to deposits under Capital Gains Accounts Scheme 1988.


Non Resident Deposits

  NRE Savings Bank - 3.50% per annum  (w.e.f  18-11-2005)

Interest Rates for NRE Fixed Deposits
( With Effect From 02-08-2008 )

Period of deposit

Percentage of Interest
1 year to less than 2 years 3.25 %
2 year to less than 3 years 3.50 %
3 years above and upto 5 years 3.86 %

 

Interest Rates For FCNR Deposits
(w.e.f. 02-08-2008)

  Period of Deposit

USD

GBP

EURO

AUD

CAD

YEN

1 year to less than 2 years

2.50 %

5.42 %

4.62 %

7.37 %

3.10 %

0.41 %
2 years to less than 3 years 2.75 % 4.88 % 4.29 %

6.57 %

2.67 %

0.33 %
3 years to less than 4 years 3.11 % 4.87 % 4.25 %

6.50 %

2.86 %

0.47 %
4 years to less than 5 years 3.34 % 4.85 % 4.22 %

6.52 %

2.99 %

0.55 %
5 years only 3.49 % 4.81 % 4.19 %

6.49 %

3.10 %

0.63 %

RFC Accounts (in USD)
With effect from 02-08-2008

RFC Savings Bank account 0.50 %
RFC Term Deposits - 6 months to less than 1 year 1.00 %
RFC Term Deposits - 1 year to less than 2 years 2.50 %
RFC Term Deposits - 2 years to less than 3 years 2.75 %
RFC Term Deposits - 3 years only 3.11 %

...  

Interest Rate -  Loans 

Benchmark Prime Lending Rate (BPLR) : 14.00 % pa


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


Interest Rates - P&SB (resident) & NRI Advances 
with effect from 04.08.2008

 Loan Scheme Interest
Gold Loan Repayment period upto 6 months 13.00%
Repayment period above 6 months 13.00%
Liquid Gold  Repayment period upto 6 months 14.00%
Repayment period above 6 months 14.00%
NSC Loan  Over Draft 14.50%
Demand Loan 14.00%
Advance against shares 17.00%
Treasury Plus 12.50%
Akshaya 14.50%
Avashya 15.00%
Sowbhagya Loan 14.00%
Solar Plus With check off facility/Corporate guarantee/ Equitable mortgage   14.00%
Others 15.00%
Clean overdraft 18.00%
Sahaya Varsha   With check off facility/Corporate guarantee/ Equitable mortgage   16.00%
Other than above 17.00%
Prasanthi ( Loan for Pensioners)  14.00%
Festival Loan
Fixed Rate 16.00%
Computer Loan With check off facility/Corporate guarantee/ Equitable mortgage   15.50%
Other than above 16.00%
Vehicle Loan
Two wheelers 15.75%
Suvidha Loan 
 Term Loan  15.75%
Overdraft  16.00%
Education Plus 14.00%
Vastrasilpa Gyan Loan 13.00%
Nirman Gyan  13.50%
Subha Yatra 14.50%
Mitra Varsha 14.00%
Nurses Suvidha  13.50%
Purchase of House Site 14.00%

* * * * * 

Interest Rates on Car Loans
With effect from 04.08.2008

 New Cars 

Period

Interest Rates
Upto 3 years 

12.75 %
Above 3 years & upto 5 years 12.75 % 
Above 5 years & upto 7 years 13.00 %
Premium Segment   Cars 
i.e loans above Rs.8 lakhs
and repayable in 3 years

Upto 3 years 

 12.50 %
 Used Cars 

Upto 3 years 

 16.25 %
Above 3 years & upto 5 years

16.50%

* * * * *

Interest Rates on Two Wheeler Loans
With effect from 04.08.2008

Upto 72 months 16.25% 

 

Interest Rates on Loans/Advances against Bank's Rupee Time deposits

   P Segment customers

Corporates/Others
When the deposit is in the name of borrower 1% above deposit rate Loans against deposits accepted on card rates-1.25% over deposit rate Others (deposit above card rate) - 2.00%
Advance    against bank's   own   Term Deposits  /   Special Term   Deposits  / Recurring   Deposits  to  third  parties  in whose   name  the deposits  do   not stand
  1. Loans upto Rs.2 lacs - 1.50% over the rate allowed on deposit OR BPLR whichever is higher.

  2. 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.

 

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 04.08.2008

 Loan Amount Interest
1. Upto Rs.4 lacs 13.25%
2. Above Rs.4 lacs 14.00%

 Housing Loans 
with effect from  04.08.2008

Period  Floating
 Fixed
Upto 30 lac Above 30 lac
Upto 5 years

Above 5 years upto 10 years

Above 10 years upto 15 years

Above 15 years upto 20 years

 11.00 %

11.25 %

11.25 %

11.50 %

 11.25 %

11.50 %

11.50 %

11.75 %

   12.50 %

 12.50 %

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