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 |
RATE OF INTEREST |
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.
28.11.2011)
|
| |
Rate of Interest (% p.a) |
| Term Deposits (All Maturities) |
Term deposits upto and inclusive of Rs. 1 crore |
| 7 days to14 days |
5.00 |
| 15 days to 45 days |
6.00 |
| 46 days to 90 days |
7.00 |
| 91 days to 179 days |
7.25 |
| 180 days to 365 days |
8.75 |
| 366 days to 499 days |
9.00 |
| 500 days |
9.75 |
| 501 days & above upto and inclusive of 2 years |
9.00 |
| Above 2 years & upto & inclusive of 3 years |
8.75 |
| Above 3 years upto & inclusive of 5 years |
10.10 |
| Above 5 years upto & inclusive of 10 years |
9.00 |
- The rates for deposits of over Rs.1 crore are not governed by the above table but will be provided by Treasury on a daily basis on reference from the branches.
- Interest to be charged on premature withdrawals will continue to be at 1% below, the rate applicable for the period the deposit has remained with the bank or the contracted rate, whichever is lower. However, there will be no penalty in respect of products having “Sweep in/Sweep out” facility (MaxiGain CD/MaxiGain SB, MaxiGain FD, Dhanam Plus, Dhanam Double Plus and Dhanam Platinum)
- No interest will be paid on term deposits that have remained with the bank for less than 7 days.
- Senior Citizens are eligible for an additional interest rate of 0.50% p.a only for term deposits for periods starting from 180 days and above. For "500 days” product, the additional 0.50% for senior citizens will be applicable for deposits of below Rs. 15 lacs only.
- Special bucket interest rates “500 days” are not applicable for any premature withdrawals.
|
| b. NRE (All Maturities) (w.e.f 04.01.2012) |
Rate (%p.a) for NRE Term Deposits up to and inclusive of Rs.1 Crore |
| 366 days to 499 days |
9.00% |
| 500 days |
9.75% |
| 501 days & above upto & inclusive of 2 years |
9.00% |
| Above 2 years upto & inclusive of 3 years |
8.75% |
| Above 3 years upto & inclusive of 5 years |
10.10% |
| Above 5 years upto & inclusive of 10 years |
9.00% |
| |
|
| Rate of Interest |
| |
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) |
| C.FCNR(B)
(w.e.f 01.02.2012) |
| i) USD |
2.35 |
1.78 |
1.87 |
2.06 |
2.30 |
| ii) GBP |
3.14 |
2.49 |
2.51 |
2.63 |
2.75 |
| iii) EUR |
2.98 |
2.42 |
2.50 |
2.66 |
2.85 |
| iv) CAD |
3.12 |
2.44 |
2.50 |
2.61 |
2.75 |
| v) AUD |
6.13 |
5.09 |
5.13 |
5.37 |
5.50 |
| RFC Rate of Interest (w.e.f 01.02.2012) |
| |
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 |
| i) USD |
2.03 |
2.35 |
1.78 |
1.87 |
| ii) GBP |
2.64 |
3.14 |
2.49 |
2.51 |
| iii) EUR |
2.63 |
2.98 |
2.42 |
2.50 |
| LOANS - THE BASE RATE OF THE BANK IS 11.25% p. a. WITH EFFECT FROM 02 NOVEMBER 2011. THE BENCHMARK PRIME LENDING RATE (BPLR) OF THE BANK IS 21% p. a. WITH EFFECT FROM 02 NOVEMBER 2011. |
| |
LOANS
| 1. Housing Loan |
| |
Rate of Interest
|
Processing
Charges |
| Upto Rs. 25
lakhs |
More than
Rs.25 lakhs
Upto Rs.75
lakhs |
Above
Rs.75 lakhs |
| Floating Category |
| Upto 5 years |
Base Rate + 1.25% |
Base Rate + 1.75% |
Base Rate + 2.00% |
a) Loans Upto Rs 20 lacs - Non Refundable fee of Rs 3500 plus service tax
b) Loans > Rs 20 lacs - Non Refundable fee of Rs 5000 plus service tax |
More than 5 Yrs &
upto 10 Yrs |
Base Rate + 1.25% |
Base Rate + 1.75% |
Base Rate + 2.00% |
a) Loans Upto Rs 20 lacs - Non Refundable fee of Rs 3500 plus service tax
b) Loans > Rs 20 lacs - Non Refundable fee of Rs 5000 plus service tax |
| More than 10 Yrs |
Base Rate + 1.25% |
Base Rate + 1.75% |
Base Rate + 2.00% |
a) Loans Upto Rs 20 lacs - Non Refundable fee of Rs 3500 plus service tax
b) Loans > Rs 20 lacs - Non Refundable fee of Rs 5000 plus service tax |
| Fixed Category |
| Upto 5 years |
NA |
NA |
NA |
|
More than 5 Yrs &
upto 10 Yrs |
NA |
NA |
NA |
|
| More than 10 Yrs |
NA |
NA |
NA |
|
| This is an indicative interest rate chart and interest rates may vary depending upon profile of customer and property. |
|
| |
| 2. Personal Loan |
| |
Rate of Interest
|
Processing
Charges |
| 1 lakhs upto Rs.15 Lakhs |
| For Salaried & Self Employeed Professionals |
16% to 18% |
2.5% of the Loan Amount +Service Tax |
| For Self Employed Non Professionals |
20% |
2.5% of the Loan Amount +Service Tax |
|
| |
| 3. Vehicle Loan |
| |
Rate of Interest
|
Processing
Charges |
| Upto Rs 3 lakhs (Rs 3,00,000) |
More than Rs.3.0 Lakhs up to Rs. 5.00 Lakhs |
More than Rs.5.00 Lakhs up to Rs.10.00 Lakhs |
More than Rs. 10.00 Lakhs |
| a) New Car Loans |
15% |
15% |
14% |
14% |
The processing fees would range from Rs. 3,000 to Rs. 6,500/- depending on the loan amount. |
| b) Used Car Loans |
19% |
19% |
18% |
18% |
The processing fees would range from Rs. 4,000 to Rs. 5,750/- depending on the loan amount. |
|
| |
| 4. Educational Loan |
| |
Rate of Interest
|
Processing
Charges |
| Upto Rs. 4 lakhs |
More than Rs.4 Lakhs up to Rs. 20 Lakhs |
More than Rs.20 Lakhs |
| |
Repayble in 3 years |
Repayable in more than3 years |
Repayble in 3 years |
Repayable in more than3 years |
Repayble in 3 years |
Repayable in more than3 years |
|
| Education Loans |
Base Rate + 6.75% |
For India studies: Rs. 0/-
For International studies: Rs 1000 or 2% whichever is higher + Service tax |
| |
|
| |
