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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 01-02-2008) 

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 7.50% 7.71%   7.50% 7.71%
1 year and above but less than 2 years  9.00% 9.30% 9.00% 9.30%
2 years and above but less than 3 years 9.25% 10.03% 9.25% 10.03%
3 years and above but less than 4 years 9.00% 10.20% 9.00% 10.20%
4 years and above up to 5 years 9.00% 10.69% 9.00% 10.69%
Above 5 years  9.00% 11.21% 9.00% 11.21%
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 03-05-2008 )

Period of deposit

Percentage of Interest

1 year to less than 2 years 3.08 %
2 year to less than 3 years 3.18 %
3 years above and upto 5 years 3.45 %

 

Interest Rates For FCNR Deposits
(w.e.f. 03-05-2008)

  Period of Deposit

USD

GBP

EURO

AUD

CAD

YEN

1 year to less than 2 years

2.33 %

5.06 %

4.21 %

7.51 %

2.91 %

0.35 %

2 years to less than 3 years 2.43 % 4.65 % 3.78 %

6.91 %

2.64 %

0.36 %

3 years to less than 4 years 2.70 % 4.62 % 3.68 %

6.82 %

2.79 %

0.44 %

4 years to less than 5 years 2.93 % 4.59 % 3.65 %

6.86 %

2.91 %

0.51 %

5 years only 3.11 % 4.54 % 3.64 %

6.78 %

3.03 %

0.59 %

RFC Accounts (in USD)
With effect from 02-03-2008

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 2.33 %
RFC Term Deposits - 2 years to less than 3 years 2.43 %
RFC Term Deposits - 3 years only 2.70 %

...  

Interest Rate -  Loans 

Benchmark Prime Lending Rate (BPLR) : 13.00% 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 09.04.2008

 Loan Scheme Interest
Gold Loan Repayment period upto 6 months 11.00%
Repayment period above 6 months 11.00%
Liquid Gold  Repayment period upto 6 months 12.00%
Repayment period above 6 months 12.00%
NSC Loan  Over Draft 12.50%
Demand Loan 11.50%
Advance against shares 16.00%
Treasury Plus 12.50%
Akshaya 13.50%
Avashya 15.00%
Sowbhagya Loan 13.00%
Solar Plus With check off facility/Corporate guarantee/ Equitable mortgage   14.00%
Others 15.00%
Clean overdraft 17.00%
Sahaya Varsha   With check off facility/Corporate guarantee/ Equitable mortgage   15.00%
Other than above 16.00%
Prasanthi ( Loan for Pensioners 13.00%
Festival Loan
Fixed Rate 16.00%
Computer Loan With check off facility/Corporate guarantee/ Equitable mortgage   14.50%
Other than above 15.00%
Vehicle Loan
Two wheelers 15.25%
Suvidha Loan 
Term Loan  14.75%
Overdraft  15.00%
Education Plus 13.00%
Vastrasilpa Gyan Loan 13.00%
Nirman Gyan  13.50%
Subha Yatra 13.50%
Mitra Varsha 13.00%
Nurses Suvidha  13.00%
Purchase of House Site 11.50%

* * * * * 

Interest Rates on Car Loans
With effect from 04.05.2007

 New Cars 

Period

Interest Rates

Upto 3 years 

12.00 %

Above 3 years & upto 5 years 12.25 % 
Above 5 years & upto 7 years 12.50 %
Premium Segment   Cars 
i.e loans above Rs.8 lakhs
and repayable in 3 years

Upto 3 years 

 12.00 %

 Used Cars 

Upto 3 years 

 14.00 %

Above 3 years & upto 5 years

14.50%

* * * * *

Interest Rates on Two Wheeler Loans
With effect from 04.05.2007

Upto 72 months 15.25% 

 

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 09.04.2007

 Loan Amount Interest
1. Upto Rs.4 lacs 12.50%
2. Above Rs.4 lacs 14.00%

 Housing Loans 
with effect from  09.05.2007

Period  Floating Fixed
Upto 5 years

Above 5 years upto 10 years

Above 10 years upto 15 years

Above 15 years upto 20 years

10.50 %

11.00 %

11.00 %

11.00 %

  12.50 %

 12.50 %

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