Interest on Savings Bank Accounts
| Nature | Type | Rate of Interest Normal | Rate of Interest Senior Citizen | Minimum Balance Rural | Minimum Balance Semi Urban | Minimum Balance Urban |
|---|---|---|---|---|---|---|
| Domestic | Savings Bank Account without Cheque Book Facility | 4.00% | 4.00% | Rs.100/- | Rs.300/- | Rs.300/- |
| Savings Bank Account with Cheque Book Facility | 4.00% | 4.00% | Rs.300/- | Rs.500/- | Rs.500/- | |
| Basic Savings Bank Account (Suvidha Bachat) | 4.00% | 4.00% | Zero | Zero | Zero | |
| Non Resident | NRO | 4.00% | - | - | - | - |
| NRE | 4.00% | - | - | - | - |
Interest on Domestic Term Deposits (w.e.f June 03, 2020)
| Slab | Rate of Interest |
|---|---|
| 15 Days to 30 Days | 4.00% |
| 31 Days to 45 Days | 4.25% |
| 46 Days to 89 Days | 4.75% |
| 90 Days to 179 Days | 5.25% |
| 180 Days to less than 1 Year | 5.75% |
| 1 Year to less than 5 Years | 6.50% |
| 5 Years and upto 10 Years | 6.25% |
| Special Category | |
| 400 Days | 6.65% |
Senior Citizen means a person who has attained the age of 60 years on date of deposit and produces the proof of the same.
| Slab | Rate of Interest |
|---|---|
| 15 Days to 30 Days | 4.50% |
| 31 Days to 45 Days | 4.75% |
| 46 Days to 89 Days | 5.25% |
| 90 Days to 179 Days | 5.75% |
| 180 Days to less than 1 Year | 6.25% |
| 1 Year to less than 5 Years | 7.00% |
| 5 Years and upto 10 Years | 6.75% |
| Special Category | |
| 400 Days | 7.15% |
Interest on NRO Term Deposits (w.e.f June 03, 2020)
| Slab | Rate of Interest |
|---|---|
| 15 Days to 30 Days | 4.00% |
| 31 Days to 45 Days | 4.25% |
| 46 Days to 89 Days | 4.75% |
| 90 Days to 179 Days | 5.25% |
| 180 Days to less than 1 Year | 5.75% |
| 1 Year to less than 5 Years | 6.50% |
| 5 Years and upto 10 Years | 6.25% |
| Special Category | |
| 400 Days | 6.65% |
Interest on NRE Term Deposits (w.e.f June 03, 2020)
| Slab | Rate of Interest |
|---|---|
| 1 Year to less than 5 Years | 6.50% |
| 5 Years and upto 10 Years | 6.25% |
| Special Category | |
| 400 Days | 6.65% |
| MCLR |
|---|
| a. Overnight MCLR | 9.35 |
| b. One Month MCLR | 9.35 |
| c. Three Month MCLR | 9.35 |
| d. Six Month MCLR | 9.35 |
| e. One Year MCLR | 9.35 |
| f. Above One Year MCLR | 9.35 |
| Base Rate | 10.10% |
|---|
| External Benchmark Rate (EBR) | Repo Rate 4.00% |
|---|
| Category | Loan Amount | Benchmark | Product Spread | Credit Risk Premium* | Remarks | Reset Clause |
|---|---|---|---|---|---|---|
| Housing Loans – Salaried Class (with LTV upto 75%) |
Upto Rs.25.00 Lac | EBR | 3.25 | 2.25 | Floating | Quarterly |
| Above Rs.25.00 Lac to Rs.75.00 Lac | EBR | 3.25 | 2.50 | Floating | Quarterly | |
| Above Rs.75.00 Lac | EBR | 3.25 | 2.75 | Floating | Quarterly | |
| Housing Loans – Non Salaried Class (with LTV upto 75%) |
Upto Rs.25.00 Lac | EBR | 3.25 | 2.35 | Floating | Quarterly |
| Above Rs.25.00 Lac to Rs.75.00 Lac | EBR | 3.25 | 2.60 | Floating | Quarterly | |
| Above Rs.75.00 Lac | EBR | 3.25 | 2.85 | Floating | Quarterly | |
| Housing Loans – Salaried Class (with LTV more than 75%) |
Upto Rs.25.00 Lac | EBR | 3.25 | 2.50 | Floating | Quarterly |
| Above Rs.25.00 Lac to Rs.75.00 Lac | EBR | 3.25 | 2.75 | Floating | Quarterly | |
| Above Rs.75.00 Lac | EBR | 3.25 | 3.00 | Floating | Quarterly | |
| Housing Loans – Non Salaried Class (with LTV more than 75%) |
Upto Rs.25.00 Lac | EBR | 3.25 | 2.60 | Floating | Quarterly |
| Above Rs.25.00 Lac to Rs.75.00 Lac | EBR | 3.25 | 2.85 | Floating | Quarterly | |
| Above Rs.75.00 Lac | EBR | 3.25 | 3.10 | Floating | Quarterly |
Effective Rate: EBR + Product Spread + Credit Risk Spread
*Credit Risk Premium may vary client to client.
Processing Fee: 0.50% of the loan amount.
| Interest Rates | Processing Fee |
|---|---|
| Personal Loan : MCLR + 6.00% Consumer Loan : MCLR + 5.75% |
1.00% with minimum Rs.500/- |
| Interest Rates | Processing Fee |
|---|---|
| Two Wheeler : MCLR + 4.00% New Four Wheeler (Non-Commercial) : MCLR + 1.25% Transport Vehicle : MCLR + 3.00% |
1.00% with minimum Rs.500/- 0.50% of the Loan Amount 0.50% of the Loan Amount |
Auto Loans
In case the account is adjusted before 1 year from the scheduled date of expiry or it is taken over by some other bank, premature charges will be levied @ 2%.
Minimum Rs.500/-
Housing Loans (on floating rate): NIL
Term Loans for Rs.1 Cr & above and Project Loans (irrespective of amount)
| If Adjusted / Taken Over Within | Charges |
|---|---|
| 1 Year of Account Opening | 5% |
| 2 Years of Account Opening | 4% |
| 3 Years of Account Opening | 3% |
| After 3 Years but before 1 Year of Scheduled Date of Expiry | 2% |