Interest rates

Interest Rate - Deposits Domestic deposits Non Resident deposits RFC Accounts

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 %
Used Cars	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

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 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 %

12.50 %