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Click here for Product Change Notice w.e.f July 1, 2011

Interest Rates for Savings Account and Term Deposits (Domestic, Non Residents, Loans)

NATURE RATES OF INTEREST (% p.a) MINIMUM BALANCE
ACCOUNT Normal Senior Citizen RURAL Semi Urban Urban
Savings Bank A/c
A.Domestic          
a.with cheque book facility 4 4 1000 1000 1000
b.without cheque book facility 4 4      
c. No Frills Account 4 4 0 0 0
B. Non Resident      
a. NRO 4 -  
b.NRE 4 -  

Term Deposits-Domestic & NRO Deposits (w.e.f. 03.04.2014)
Term Deposits (All Maturities) Rates of Interest (% p.a)
7 days to 14 days 5.00
15 days to 45 days 5.00
46 days to 90 days 7.50
91 days to 99 days 7.75
100 days 8.50
101 days to 179 days 7.75
180 days to 365 days 9.00
366 days to 374 days 9.00
375 days 9.25
376 days & above upto and inclusive of 2 years 9.00
Above 2 years & upto & inclusive of 3 years 9.00
Above 3 years upto & inclusive of 5 years 9.00
Above 5 years upto & inclusive of 10 years 8.75
  • Senior citizens are eligible for an additional interest rate of 0.50% p.a. for all term deposits of 1 year and above.

NRE (All Maturities) (w.e.f 1.03.2014) Rates of Interest (% p.a)
1 Year (365 days) 9.00
366 days to 374 days 9.00
375 days 9.25
376 days & above upto & inclusive of 2 years 9.00
Above 2 years upto & inclusive of 3 years 9.00
Above 3 years upto & inclusive of 5 years 9.00
Above 5 years upto & inclusive of 10 years 8.75
  • No interest will be paid on term deposits that have remained with the bank for less than the minimum period prescribed.
  • For interest rates on Domestic, NRE and NRO Deposits of Rs 1 crore and above, please contact your branch.
FCNR (B) (w.e.f 01.04.2014)
  1 year & above
but < 2 years
2 years & above
but < 3 years
3 years & above
but < 4 years
4 years & above
but < 5 years
For 5 years
(Maximum)
Rates of Interest (% p.a)
i) USD 2.56 2.59 4.05 4.48 4.85
ii) GBP 2.91 3.49 4.82 5.07 5.29
iii) EUR 2.55 2.49 3.64 3.82 4.01
iv) CAD 3.47 3.40 4.61 4.86 5.09
v) AUD 4.71 4.96 6.23 6.53 6.74

RFC (w.e.f 01.04.2014)
  6 months and above but less than 1 year
1 years & above
but less than 2 years
2 years & above
but less tahn 3 years
3 years
Rates of Interest (% p.a)
i) USD 2.33 2.56 2.59 4.05
ii) GBP 2.62 2.91 3.49 4.82
iii) EUR 2.38 2.55 2.49 3.64
LOANS - THE BASE RATE OF THE BANK IS 11.50% p. a. WITH EFFECT FROM 09 SEPTEMBER 2013. THE BENCHMARK PRIME LENDING RATE (BPLR) OF THE BANK IS 21% p. a. WITH EFFECT FROM 02 NOVEMBER 2011.  

LOANS

1. Housing Loan
Housing Loan Rate of Interest Processing Charges
Interest rate for new home loans:

1% + service tax

Priority sector Home loans#

Base rate, floating (presently 11.50 % p.a.)

Other Home loans

Base Rate +0.25, floating (presently 11.75 % p.a.).

# Priority Sector Home loans:
  • Loans upto Rs.25.00lacs in metro centres (population above 10 lacs) and upto Rs.15.00lacs in other centres for purchase of house property / flats /construction for a dwelling unit per family excluding loans sanctioned to bank’s own employees.
  • Loans for repairs to the damaged dwelling units of families up to 2 lacs in rural and semi- urban areas and up to 5 lacs in urban and metropolitan areas.
     
2. Car Loans
Car Loans Rate of interest Processing charges

For new vehicle:

With LOAN TO VALUE of 80% on onroad cost
Base rate + 0.75% ie., 12.25% Fixed

With LOAN TO VALUE of 90% on onroad cost
Base rate + 1.25% ie., 12.75% Fixed

1% + Service Tax

For Pre owned car
Base rate + 2.75% ie., 14.25% Fixed

 
Education Loan
Education loan Rate of Interest Processing charges
With Interest Subsidy: Base rate+2.00%
Without interest subsidy: Base rate + 3.75%
1% + Service Tax
 
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