|
Period |
Rates
Of Interest* (%p.a.) |
NRO
Accounts
W.E.F. 01.07.2008 |
Saving
Term
Deposits
|
| PERIOD |
For Deposits
below Rs.50.00 lacs |
For Deposits
Rs. 50.00 lacs & above |
| |
Rate of Interest |
Annualized Yield at the minimum
stage of the slab |
Rate of Interest |
Annualized Yield at the minimum
stage of the slab |
| 7 Days
to 14 Days* |
4.00% |
4.00% |
4.00% |
4.00% |
| 15
Days to 45 Days |
5.25% |
5.25% |
5.25% |
5.25% |
| 46
Days to 90 Days |
6.00% |
6.00% |
6.00% |
6.00% |
| 91
Days to 120 Days |
7.00% |
7.00% |
7.00% |
7.00% |
| 121
Days to 179 Days |
7.50% |
7.50% |
7.50% |
7.50% |
| 180
Days to < 1 Year |
8.25% |
8.33% |
8.25% |
8.33% |
| 1
year to < 21 Months |
9.30% |
9.63% |
9.00% |
9.31% |
|
21 Months |
9.50% |
10.20% |
9.00% |
9.63% |
| 21
Months to 36 months |
9.00% |
9.63% |
9.00% |
9.63% |
| More
than 36 months
|
8.75% |
9.88% |
8.75% |
9.88% |
*
Minimum Rs. 1.00 Lacs |
- Usual benefit
of additional interest rate of 1% over the card
rates, in case of Staff and Retired members
of Staff and 0.50% in case of Domestic Indian
Senior Citizens will continue..
- The penalty
will be in the form of payment of interest @
1% below the rate applicable for the period
for which the Deposit remained with the Bank.
These instructions will be effective from 4.12.2006
and applicable on new Term Deposits and renewal
of existing Term Deposits effected on or after
4.12.2006.
- Interest will
not be payable on all those term deposits which
have been prematurely withdrawn before 15 days
of their remaining with the bank.
- Preferential
rates on single deposit accepted at rates higher
than the indicated above are payable only if
the deposit runs for full contracted period
and in case of premature payment of such deposits
interest will be payable at the normal rates
applicable for the period for which deposit
has run with penalty as applicable.
|
NRE
Accounts
W.E.F 01.07.2008 |
Saving
Term
Deposits
|
| |
3.5%
p.a.
|
| Maturity
Period |
Interest
Rate % P.A. |
| 1
Year to Less than 2 Years |
3.31
% |
| 2
Years to less than 3 Years |
3.60
% |
| 3
Years and Above |
3.95 % |
|