CUSTOMER INFORMATION SERVICE 

Interest Rates for Deposit Accounts 

SUBJECT TO TAX DEDUCTION AT SOURCE- TDS EXEMPTED ON INTEREST EARNED UPTO RS.10000/- PER FINANCIAL YEAR—NO TDS ON SB/RD A/CS—TDS APPLICABLE FOR INTEREST EARNED ON NRO DEPOSITS WITHOUT ANY EXEMPTION                                    

Updated: AS ON 01.02.2009: ALL RATES ARE SUBJECT TO CHANGE 

NATURE OF

ACCOUNT

RATE OF INTEREST

MINIMUM BALANCE

1.SAVINGS BANK A/C

NORMAL

SENIOR CITIZENTS

Rural

Semi Urban

Urban

A.Domestic & NRO , NRE:

a.With cheque book facility

3.5%

3.5%

RS.500/-

RS.1000/-

RS.1000/-

b. Without cheque book facility

3.5%

3.5%

RS.250/-

RS.500/-

RS.500/-

c. No Frills Account

3.5%

3.5%

RS.25/-

RS.50/-

RS.50/-

B.Non Resident

 

 

 

a. NRO

3.5%

3.5%

b. NRE

3.5%

3.5%

Penalty for non maintenance of Minimum Balance :

SB a/c: (Auto Recovery Per month)                  Rs.50/-         Rs.50/-      Rs.100/-

CA a/c: Others                                                   Rs.450/-       Rs.450/-    Rs.450/-

2.TERM DEPOSITS/ RECURRING DEPOSITS (All Maturities)

A.Domestic & NRO Deposits

Upto & including

Rs.15 Lakhs

> Rs.15 Lacs

< Rs.1.Crore

NRE TERM

DEPOSITS

7-14 days

0

4.00

NA

15-45

4.5

4.50

NA

46-90

5.25

5.25

NA

91-179

7.00

7.00

NA

180 to less than 1 year

7.50

7.50

NA

1 year to less than 2 years

8.75

8.75

3.73

2 years to less than 3 years

8.75

8.75

3.32

3 years to less than 5years

8.50

8.50

3.68

5 years and upto 10 years

8.50

8.50

NA

B.Non-Resident Accounts ( AlL maturities)

 

Rate of Interest

FCNR (B)

1yr & > but < 2years

2yrs &> but <3yrs

3yrs & > but <4 yrs

4yrs & > but <5yrs

For 5years (maximum)

i)   USD

2.98

2.57

2.93

3.24

3.45

ii)  GBP

3.48

3.09

3.41

3.73

3.98

III)EUR

3.28

3.24

3.54

3.79

3.98

IV)CAD

3.30

2.34

2.64

2.83

2.99

V)AUD

4.84

4.04

4.46

4.75

4.88

 

INTEREST RATES ON LOANS TO INDIVIDUALS – UPDATED: 01.02.2009

LOANS

Rate of Interest ( in % p.a.)

Processing

charges

1.Housing Loan

Upto Rs30 LACS

More than Rs30LACS

 

 

Floating Category

Upto 5 years

10

11

 

 

 

0.50%

With a cap of Rs.10000/-

> 5Yrs to10yr

10

11.25

> 10 yrs

10.25

11.50

Fixed Category

Upto 5 yrs

--

--

 

 

>5Yrs to10yr

13

--

Equitable Mortgage Charges: Upto Rs.1 lac = nil > Rs.1 lac = Rs.200/- per lac-Max Rs.11200/-

2.Personal Loan

a) Consumer Durable Loan

13.50

 

 

b) Sr. Citizen Loan Scheme

13.50

 

c) SARAL Sch

14.50

14.50

 

1.10%

3.Vehicle Loan

>7.50 lacs

< 7.50 lacs

Repayment

3-5 YRS

5-7 YRS

 

a)Two Wheeler Loans

15.75

 

 

 

 

0.60%

c) For New Cars

 

11

11.25

11.25

11.50

0.60%

d) For Old Cars

14.75*

* upto 3yrs

15.00#

# 3-7 yrs

 

 

 

0.60%

4. Educational Loans

Upto Rs.4.00 lakhs

Rs.4.00 lakhs upto Rs.20 lakhs

Edn in India = Nil

Repayable 5-7 years

12

--

13.25

Edn Abroad=Rs1000/-

Equitable Mortgage Charges: Upto Rs.1 lac = nil > Rs.1 lac = Rs.200/- per lac-Max Rs.11200/-

All Interest Rates are subject to change

CHARGES FOR OTHER FEE BASED SERVICES  

Updated as on 01.02.2009. All Charges are inclusive of Service Tax. Charges subject to change                                                                                                           

                                                                                                                      (Amount in rupees)

1.Lockers

Type of locker

Metro/Urban/Semi Urban

Rural

 

1 yr

2 yrs

3 yrs

1 yr

2 yrs

3 yrs

A

1000

2000

3000

750

1500

2250

B

1000

2000

3000

750

1500

2250

C

2500

5000

7500

1500

3000

4500

D

2500

5000

7500

1500

3000

4500

E

2500

5000

7500

1500

3000

4500

F

3000

6000

9000

2500

5000

7500

G

3000

6000

9000

2500

5000

7500

H

3000

6000

9000

2500

5000

7500

I

5000

10000

15000

4000

8000

12000

2.Debit Cards/ATM Card

Card is issued free of cost.

3.Drafts/TT/MT/BC

Issue

a)Upto Rs.10000/-  -  Rs.30/-;b) Over Rs.10000/-Rs.2.50 per 1000/- Min Rs.50/- Max Rs.12500/-Issue of Duplicate DD. – Rs100/- per instrument

Cancellation/Revalidation

Rs.100/- per instrument irrespective of amount.

4.Outstation cheque collection(including National Clearing)

a) Upto Rs.10000/- - Rs.56/- per instrument

b) Rs.10000/- to1 lac – Rs.112/- per inst. c) > 1 lac Rs.169/- per instrument.

5.NEFT Money Transfer

Inward = FREE

Outward : i. Upto below Rs.1 lac -- Rs.6/- per transaction. ii. Rs.1 lac & Above: Rs.28/- per transaction

6.RTGS Money Transfer

Inward=FREE

Outward=i. Upto below Rs.5 lac--28/- per transaction ii. Rs.5 lac & Above: Rs.56/- per transaction

7.Cheque return charges(Outward Returns& Inward Returns)

For Savings Account  Current, Overdraft

Cash Credit Accounts

Local: Rs.75/- +Other Bank charges if any.

Outstation: Rs.150/- + other bank charges if any.

Out of pocket expenses: Rs.15/- for Ord Post

Rs.35/- for registered post.

ECS Debits returns for insufficient funds

Rs.112/- per transaction

8.Cheque Book Issue

SB: 60 leaves in a calendar year: FREE; CA/CC/OD: Rs.2.5 per leaf