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| | Loans & Advances | Deposits | Special Services |Service Charges |Fair Lending Practices Code| | ||||||
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Deposit Schemes: | ||||||
| Scheme | Minimum deposit | Highlights | Interest frequency | |||
RAP90(Rapid Accrual Plan – 90 day cycle) |
Rs. 5,000/- |
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90 days | |||
RAP30(Rapid Accrual Plan – 30 day cycle) |
Rs. 5,000/- |
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30 days | |||
QIRP(Quarterly Interest Re-investment Plan) |
Rs. 1,000/- |
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Quarterly | |||
MIP(Monthly Income Plan) |
Rs. 5,000/- |
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Monthly | |||
RD(Recurring Deposit) |
Rs. 100/- |
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Quarterly | |||
FD(Fixed Deposit) |
Rs. 500/- |
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Quarterly | |||
FD365(365 Days Fixed Deposit Scheme) |
Rs. 10000/- |
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Quarterly |
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| Interest Rates | ||||||
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Savings Bank Deposits w.e.f. May 3, 2011 Domestic Savings Bank Deposits 4.00% p.a (on daily balances product) Non-Resident (Ordinary) Savings Account 4.00% p.a. (on daily balances product) Non-Resident (External - R) Savings Account - 4.00% p.a. (on daily balances product)
Term Deposits w.e.f. May 16, 2011
RAP30 4.50% p.a.
RAP90 7.50% p.a.
FD365 10.00% p.a.
Other Term Deposits (New Slabs) w.e.f. May 16, 2011
Period of Deposit Percentage Above 30 days upto 90 days 5.00% p.a. Above 90 days upto 6 months 7.50% p.a. Above 6 months upto 1 year 8.00% p.a. Above 1 year upto 5 years 7.50% p.a. NRE Term Deposits
Period of Deposit Percentage 1 year (12 months) 2.60% Above 1 year upto 2 years 2.30% Above 2 years upto 3 years 2.50% Current
Accounts
NIL
The bank will not accept deposits beyond 5 years maturity. Additional 0.50% (half percent) over the interest rates on term deposits for 1 year, RAP90 and FD 365 for SINGLE BULK DEPOSIT OF RS. 15 LAKHS & ABOVE (except for Senior Citizens who are entitled for senior citizens benefit). Auto Renewal Of Term DepositsTerm Deposit will be renewed automatically. Auto-renewal is a separate and independent contract, at the Bank's prevailing interest rates on the date of auto-renewal, for the same period as the original deposit, till the receipt is presented for payment. |
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