|
Rates
of Interest on Term Deposits (Domestic)
w.e.f 01.07.2008(Rate
in % p.a)
| 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prematurely withdrawn before 15 days of their remaining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.
|
TERM
DEPOSIT SCHEMES :
(Interest due/accrued
on all Bank deposits upto Rs.12000/- in a financial year is exempted
from Income tax under section 80L)
 |
-
Fixed
Deposit scheme
-
Aravali
deposit scheme or Reinvestment plan
-
Jan
Hiteshi Deposit
-
Nidhi
Sanchay Yojna
-
Sugam
Jama Yojna
-
Suvidha
Bachat Yojna
|
a)FIXED
DEPOSIT SCHEME
This scheme is suitable for the depositors to invest their funds
at the attractive rates of interest for a fixed period.
| Question |
Answer |
| Who
can open the account? |
Individuals
Singly/Jointly, Firms, Corporate bodies, Associations etc.
can open the account under the scheme. |
| Minimum
Amount |
Rs.
100/- |
| Period |
In
days : 15 to 364 days
In Months : 03 to 120 months |
| Interest |
Applicable
as per term deposits rates table & payable on half-yearly
basis. |
| Tax
Deduction at Source |
Applicable |
| Nomination |
Accepted |
| Transferability
option |
Available
within Bank's Branches |
| Other
facility |
Loan
or overdraft against the deposit is permissible.Premature
payment is permissible. |
b) ARAVALI
DEPOSIT SCHEME
This is a reinvestment plan and has been designed to facilitate
maximum return to the depositors by way of reinvesting the amount
of interest accured/ earned at the same rates at which the deposit
was initially accepted.
| Question |
Answer |
| Who
can open the account? |
Individuals
Singly/Jointly, Firms, Corporate bodies, Associations etc.
can open the account under the scheme. |
| Minimum
Amount |
Rs.
100/- |
| Period |
Min.
06 months (in multiple of three months) & Max. 120 months |
| Interest |
Applicable
as per term deposits rates table & compounded on quarterly
basis. Maturity value is payable on contracted due dates. |
| Tax
Deduction at Source |
Applicable |
| Nomination |
Accepted |
| Transferability
option |
Available
within Bank's Branches |
| Other
facility |
Loan
or overdraft against the deposit is permissible.Premature
payment is permissible. |
c) JAN
HITESHI DEPOSIT SCHEMES
This scheme is designed specially for those persons who want to
earn regular monthly / quarterly income by way of interest. The
principal amount remains intact.
| Question |
Answer |
| Who
can open the account? |
Individuals
Singly/Jointly, Firms, Corporate bodies, Associations etc.
can open the account under the scheme. |
| Minimum
Amount |
Rs.
1,000/- & multiples of Rs. 100/- |
| Period |
Min.
12 months (in multiple of three months) & Max. 120 months |
| Interest |
Applicable
as per term deposits rates table. Interest is payable monthly
or quarterly at the choice of the depositor. |
| Tax
Deduction at Source |
Applicable |
| Nomination |
Accepted |
| Transferability
option |
Available
within Bank's Branches |
| Other
facility |
Loan
or overdraft against the deposit is permissible.Premature
payment is permissible. |
d) NIDHI
SANCHAY YOJNA
(Automatic renewal scheme) Suitable for depositors to park deposits
for short term matuirities (presently, as minimum as 15 days) and
convnience of automatic renewal (on due dates). The depositor is
not required to visit the bank time and again for renewal since
the deposit renewed automatically in the cycle of 15 days alongwith
interest.
| Question |
Answer |
| Who
can open the account? |
Individuals
Singly/Jointly, Firms, Corporate bodies, Associations etc.
can open the account under the scheme. |
| Minimum
Amount |
Rs.
1,000/- & multiples of Rs. 1000/- |
| Period |
15
days |
| Interest |
Applicable
as per term deposits rates table. |
| Tax
Deduction at Source |
Applicable |
| Nomination |
Accepted |
| Transferability
option |
Available
within Bank's Branches |
| Other
facility. |
Loan
or overdraft against the deposit is permissible.Premature
payment is permissible. |
e) SUGAM
JAMA YOJNA (SJY)
The scheme (flexible deposit scheme) offers dual advantage of high
rates of interest along with the facility of part withdrawal in
case of need. The amount remaining with the bank continues to earn
interest at contracted rates without loss of interest on total deposit.
| Question |
Answer |
| Who
can open the account? |
Individuals
Singly/Jointly, Firms, Corporate bodies, Associations etc.
can open the account under the scheme. |
| Minimum
Amount |
Rs.
10,000/- & multiples of 10 units of Rs. 100/- each. |
| Period |
Min.
03 months (in multiple of three months) & Max. 120 months |
| Interest |
Applicable
as per term deposits rates table. |
| Tax
Deduction at Source |
Applicable |
| Nomination |
Accepted |
| Transferabilityoption |
Available
within Bank's Branches |
| Other
facility |
Withdrawal
in multiples of 10 units of Rs. 100 each is permissible. |
f) SUVIDHA
BACHAT YOJNA
A Scheme to save at convience and earn higher interest.
| Question |
Answer |
| Who
can open the account? |
Individuals
Singly/Jointly, Firms, Corporate bodies, Associations etc.
can open the account under the scheme. |
| Amount |
Min.
Rs. 100/- & Max. Rs. 25,000/- per month (in multiples
of Rs. 100/-). Variable monthly instalment Rs. 100/- or
above with a max. of 10 times the initial deposit or Rs.
25,000 which ever is less is accepted. |
| Period |
Min.
12 months & Max. 120 months with quarterly interval |
| Interest |
Applicable
as per term deposits rates table. |
| Tax
Deduction at Source |
Applicable |
| Nomination |
Accepted |
| Transferability
option |
Available
within Bank's Branches |
| Other
facility |
Loan
or overdraft against the deposit is permissible.
Premature payment is permissible. |
5. CERTIFICATE
OF DEPOSITS
Scheme for deploying surplus funds at market driven rates of interest.
| Question |
Answer |
| Who
can Subscribe the Deposit ? |
All
individuals Singly/Jointly, Firms, Corporate bodies, Associations
etc.
Non-resident Indian may also subscribe only on re-partriable,
and non-transferable basis in the secondary market |
| Amount
(face
value i.e. maturity value) |
Min.
Rs. 5.00 lacs & further in multiples of Rs. 1.00 lacs.
Issued at discounted price. |
| Period |
3
months to 12 months |
| Interest |
Mutually
agreed rates of interest. |
| Tax
Deduction at Source |
Not
Applicable |
| Transferability |
Tranferable
by endorsement & delivery after 15 days of issue. |
| Others |
Loan
/ premature payment is not allowed. Stamp duty borne by
the bank. |
|
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© 2000 The Bank Of Rajasthan Ltd.
All rights reserved.