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.
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
Loans upto Rs.2 lacs - 1.50% 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.
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