 DOMESTIC DEPOSITS
Benchmark Prime Lending Rate
(BPLR) w.e.f. 11.02.2013 |
14.50% per annum |
Rate(s) of interest on Domestic Term Deposits stands revised with effect from 21.05.2013
| Maturity Period |
Pre Revised Rate |
Revision in Rate w.e.f. 21.05.2013 |
| General |
For Senior Citizen |
General |
For Senior Citizen |
| Interest Rate in % p.a. |
Annua- lised yield in % |
Interest Rate in % p.a. |
Annua-lised yield in % |
Interest Rate in % p.a. |
Annua- lised yield in % |
Interest Rate in % p.a. |
Annua- lised yield in % |
| 7-14 days |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
| 15-29 days |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
6.00 |
| 30-45 days |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
6.75 |
6.75 |
6.75 |
6.75 |
6.75 |
6.75 |
6.75 |
6.75 |
| 46-60 days |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
6.75 |
6.75 |
6.75 |
6.75 |
6.75 |
6.75 |
6.75 |
6.75 |
| 61-90 days |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
7.60 |
7.60 |
7.60 |
7.60 |
7.60 |
7.60 |
7.60 |
7.60 |
| 91-120 days |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
8.10 |
8.10 |
8.10 |
8.10 |
8.00 |
8.00 |
8.00 |
8.00 |
| 121-150 days |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
8.25 |
8.25 |
8.25 |
8.25 |
8.00 |
8.00 |
8.00 |
8.00 |
| 151-183 Days |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
8.25 |
8.25 |
8.25 |
8.25 |
8.10 |
8.10 |
8.10 |
8.10 |
| 184-364 Days |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
8.40 |
8.49 |
8.40 |
8.49 |
8.40 |
8.49 |
8.40 |
8.49 |
| 1 year |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
8.90 |
9.20 |
8.90 |
9.20 |
8.90 |
9.20 |
8.90 |
9.20 |
| More than 1 year but up to 2 years |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
9.00 |
9.31 |
9.00 |
9.31 |
9.00 |
9.31 |
9.00 |
9.31 |
| Above 2 years and up to 3 years |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
9.00 |
9.74 |
9.00 |
9.74 |
9.00 |
9.74 |
9.00 |
9.74 |
| Above 3 years and less than 5 years |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
8.80 |
9.95 |
8.80 |
9.95 |
8.80 |
9.95 |
8.80 |
9.95 |
| 5 years and above |
|
|
|
|
|
|
|
|
| Rs. 1 Crore and above up Rs. 5 Crore |
8.75 |
10.83 |
8.75 |
10.83 |
8.75 |
10.83 |
8.75 |
10.83 |
NOTE-1 |
The bank shall accept deposits for a minimum period of 7 days. |
NOTE-2 |
The deposits rates on the above term slab shall be applicable for all deposits above 1 crore up to Rs. 5 crores contracted afresh/renewal hereafter. |
NOTE-3 |
The additional rate payable on the deposits of Staff/Ex-staff/Ex-staff Sr. Citizen is as per the following |
|
Category |
Term |
Additional Rate Payable |
Staff/Ex-Staff |
All Terms |
1.00% |
Ex-Staff Sr. Citizen |
All Terms |
1.25% |
NOTE-4 |
The overall amount ceiling for Ex-staff/ Ex-Staff Sr. Citizen to receive incentive rate shall be equal to his Terminal benefits + Rs.10 lacs |
Rate(s) of interest on Domestic Term Deposits less than Rs. 1 Crore (revised with effect from 14.05.2013)
| Maturity Period |
Pre Revised Rate |
Revision in Rate w.e.f. 14.05.2013 |
| General |
For Senior Citizen |
General |
For Senior Citizen |
| Interest Rate in % p.a. |
Annua- lised yield in % |
Interest Rate in % p.a. |
Annua-lised yield in % |
Interest Rate in % p.a. |
Annua- lised yield in % |
Interest Rate in % p.a. |
Annua- lised yield in % |
| 7-14 days |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
6.00 |
6.00 |
6.25 |
6.25 |
6.00 |
6.00 |
6.25 |
6.25 |
| 15-29 days |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
6.00 |
6.00 |
6.25 |
6.25 |
6.00 |
6.00 |
6.25 |
6.25 |
| 30-45 days |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
6.50 |
6.50 |
6.75 |
6.75 |
6.50 |
6.50 |
6.75 |
6.75 |
| 46-60 days |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
7.00 |
7.00 |
7.25 |
7.25 |
7.00 |
7.00 |
7.25 |
7.25 |
| 61-90 days |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
8.00 |
8.00 |
8.25 |
8.25 |
8.00 |
8.00 |
8.25 |
8.25 |
| 91-120 days |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
8.25 |
8.25 |
8.50 |
8.50 |
8.25 |
8.25 |
8.50 |
8.50 |
| 121-150 days |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
8.30 |
8.30 |
8.55 |
8.55 |
8.30 |
8.30 |
8.55 |
8.55 |
| 151-180 days |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
8.30 |
8.30 |
8.55 |
8.55 |
8.30 |
8.30 |
8.55 |
8.55 |
| 181-364 days |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
8.75 |
8.85 |
9.00 |
9.10 |
8.75 |
8.85 |
9.00 |
9.10 |
| 1 year |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
9.10 |
9.42 |
9.35 |
9.68 |
9.10 |
9.42 |
9.35 |
9.68 |
| More than 1 year but up to 2 years |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
9.10 |
9.42 |
9.60 |
9.94 |
9.10 |
9.42 |
9.60 |
9.94 |
| Above 2 years and up to 3 years |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
9.10 |
9.85 |
9.60 |
10.42 |
9.10 |
9.85 |
9.60 |
10.42 |
| Above 3 years and less than 5 years |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
9.00 |
10.20 |
9.50 |
10.81 |
9.00 |
10.20 |
9.50 |
10.81 |
| 5 years and above |
|
|
|
|
|
|
|
|
| Less than Rs. 1 Cr. |
8.75 |
10.83 |
9.25 |
11.60 |
8.75 |
10.83 |
9.25 |
11.60 |
NOTE-1 |
The bank shall accept deposits for a minimum period of 7 days provided minimum deposit amount is Rs.15 lacs & above. |
NOTE-2 |
The deposits rates on the above term slab shall be applicable for all deposits up to Rs. 5 crores contracted afresh/renewal hereafter. |
NOTE-3 |
The incentive rate of interest to Sr. Citizen payable on deposit amount of less than Rs. 1 crore as under |
|
Term |
Additional Interest Payable |
Deposits maturing upto 1 Year |
0.25% |
|
Deposits maturing above 1 Year |
0.50% |
NOTE-4 |
The additional rate payable on the deposits of Staff/Ex-staff/Ex-staff Sr. Citizen is as per the following |
|
Category |
Term |
Additional Rate Payable |
Staff/Ex-Staff |
All Terms |
1.00% |
Ex-Staff Sr. Citizen |
All Terms |
1.25% |
| NOTE-5 |
The overall amount ceiling for Ex-staff/ Ex-Staff Sr. Citizen to receive incentive rate shall be equal to his Terminal benefits + Rs.10 lacs |
| NOTE-6 |
The rate of interest on Term Deposits of above Rs. 5 crores shall be advised by the Treasury Branch to all Zonal Offices. Branches are advised to obtain rates of interest for deposits above Rs. 5 Crores from their ZO/Treasury Branch. |
TERM DEPOSITS ABOVE Rs. 5.00 CRORES - RATES EFFECTIVE FROM - 21.05.2013
Circular No. T&I: MUM :TDR:003:2013-14
Sr. No. |
Time Period |
TERM DEPOSIT ABOVE Rs. 5.00 CRORES |
01. |
7 - 14 Days |
6.00 |
02. |
15 - 30 Days |
6.50 |
03. |
31 - 60 Days |
6.75 |
04. |
61 - 91 Days |
7.80 |
05. |
92 - 120 Days |
8.00 |
06. |
121 - 183 Days |
8.10 |
07. |
184 - 269 Days |
8.20 |
08. |
270 – 359 Days |
8.25 |
09. |
360 - 375 Days |
8.25 |
10. |
376 Days - < 2 Years |
8.50 |
11. |
2 Years but < 3 Years |
8.50 |
12. |
3 Years but < 5 Years |
8.25 |
13. |
5 Years & above |
8.25 |
- All Zonal Offices are requested to note the above mentioned interest rates for Term Deposits of above Rs. 5.00 Crore are effective from 21.05.2013.
- The above card rates are valid for single deposits (Fresh & Renewal).
- No cash deposits to be accepted.
- Term Deposit mobilized with the above rates should be advised to Integrated Treasury Branch, Mumbai on the same day by Zonal Offices/Branches.
- Rate of Term Deposit should be quoted valid for one day only. Whenever quote is to be given for more than one day, prior permission should be obtained from DGM, Treasury Branch, Mumbai or General Manager, T & IW, HO, Kolkata.
- For premature closure penal charges shall be 1% less than applicable rate for which the term deposit of more than 5.00 Crore was held by the branch as on the date of deposit or the present rate as on the date of premature closure whichever is lower.
- Under no circumstances branches are allowed to quote beyond the rates mentioned supra. Zonal offices and FGM offices are requested to ensure strict compliance.
- As per the latest ALM Policy, the term deposit 'above 5.00 Cr to 25.00 Cr' and 'above 25.00 Cr' are termed as 'Mid Corporate' and 'Large Corporate' Term Deposits, respectively and in future, reporting has to be made under the said category, accordingly.
SAVINGS BANK DEPOSIT
Interest Rate payable on Savings Bank Deposit Accounts is @4.00% per annum with effect from 03.05.2011
NON-RESIDENT DEPOSIT SCHEMES
:: NRE Deposits :: FCNR Deposits :: RFC Deposits :: NRNR Deposits ::
Revised Rate of Interest on NRE-Term Deposits with effect from 23rd November 2012 :
(A) NRE Rupee Deposit :
NRE- Savings Bank Deposits
(w.e.f. 03.05.2011) |
Rate of interest per annum |
4.00 % |
NRE Rupee Term Deposit (Effective from 23.11.2012) |
Period |
Below Rs. 15.00 lac |
Rs. 15.00 lac & above
But less than Rs. 1 crore |
Rs. 1 crore and upto Rs. 5 Crore |
Rate of Interest p.a |
Rate of Interest p.a |
Rate of Interest p.a |
1 year and up to 3 years |
9.10% |
9.10% |
9.10% |
Above 3 years but less than 5 years |
9.00% |
9.00% |
9.00% |
5 years and above and up to 10 years |
8.75% * |
8.75% * |
8.75% * |
* The rate of interest on NRE Term Deposits of above Rs. 5 Crores shall be advised by Treasury Branch to all Zonal Offices. Branches are advised to obtain rates of interest for NRE deposits above Rs. 5 Crores from their Zonal Office/Treasury Branch.
NRE TERM DEPOSITS ABOVE Rs. 5.00 CRORES - RATES EFFECTIVE FROM - 23.05.2013:
Sr. No. |
Time Period |
NRE - TERM DEPOSIT
ABOVE Rs. 5.00 CRORES |
01. |
1 Year |
8.25 |
02. |
Above 1 Years but upto 2 years |
8.50 |
03. |
Above 2 Years but upto 3 years |
8.50 |
04. |
Above 3 Years but upto 5 years |
8.25 |
05. |
Above 5 Years |
8.25 |
- All Zonal Offices are requested to note the above mentioned interest rates for NRE Term Deposits of above Rs. 5.00 Crore are effective from 23.05.2013.
- The above card rates are valid for single deposits (Fresh & Renewal).
- No cash deposits to be accepted.
- For premature closure penal charges shall be 1% less than applicable rate for which the term deposit of more than 5.00 Crore was held by the branch as on the date of deposit or the present rate as on the date of premature closure whichever is lower.
- Under no circumstances branches are allowed to quote beyond the rates mentioned supra. Zonal offices and FGM offices are requested to ensure strict compliance.
(B) Revised interest rates on FCNR(B) deposits (effective from 01.05.2013)
| Currency |
1 year to less than 2 years |
2 years to less than 3 years |
3 years to less than 4 years |
4 years to less than 5 years |
5 years only |
| USD |
(%) |
2.70 |
2.36 |
3.45 |
3.60 |
3.82 |
| GBP |
(%) |
2.89 |
2.59 |
3.65 |
3.75 |
3.90 |
| EURO |
(%) |
2.40 |
2.39 |
3.48 |
3.60 |
3.75 |
| YEN |
(%) |
2.44 |
2.27 |
3.30 |
3.35 |
3.40 |
| CAD |
(%) |
3.76 |
3.29 |
4.36 |
4.47 |
4.59 |
| AUD |
(%) |
5.51 |
4.78 |
5.92 |
6.12 |
6.26 |
| CHF |
(%) |
2.25 |
2.11 |
3.17 |
3.28 |
3.39 |
| NZD |
(%) |
4.69 |
4.81 |
6.02 |
6.16 |
6.30 |
| SEK |
(%) |
3.20 |
3.25 |
4.36 |
4.47 |
4.58 |
| SGD |
(%) |
2.45 |
2.42 |
3.55 |
3.63 |
3.79 |
| HKD |
(%) |
2.44 |
2.46 |
3.53 |
3.65 |
3.82 |
| MYR |
(%) |
5.22 |
5.22 |
6.26 |
6.30 |
6.36 |
[Presently branches are advised not to take any deposit in NZD currency due to some technical reason.]
(C) Revised interest rate on RFC deposits (effective from 01.05.2013) :
SAVINGS BANK:
CURRENCY (%) – GBP (0.50%) and AUD (3.00%) [For all other currencies no rate has been prescribed]
TERM DEPOSITS :
| Currency |
1 year to less than 2 years |
2 years to less than 3 years |
3 years to less than 4 years |
4 years to less than 5 years |
5 years only |
| USD |
(%) |
2.70 |
2.36 |
3.45 |
3.60 |
3.82 |
| GBP |
(%) |
2.89 |
2.59 |
3.65 |
3.75 |
3.90 |
| EURO |
(%) |
2.40 |
2.39 |
3.48 |
3.60 |
3.75 |
| YEN |
(%) |
2.44 |
2.27 |
3.30 |
3.35 |
3.40 |
| CAD |
(%) |
3.76 |
3.29 |
4.36 |
4.47 |
4.59 |
| AUD |
(%) |
5.51 |
4.78 |
5.92 |
6.12 |
6.26 |
| CHF |
(%) |
2.25 |
2.11 |
3.17 |
3.28 |
3.39 |
| NZD |
(%) |
4.69 |
4.81 |
6.02 |
6.16 |
6.30 |
| SEK |
(%) |
3.20 |
3.25 |
4.36 |
4.47 |
4.58 |
| SGD |
(%) |
2.45 |
2.42 |
3.55 |
3.63 |
3.79 |
| HKD |
(%) |
2.44 |
2.46 |
3.53 |
3.65 |
3.82 |
| MYR |
(%) |
5.22 |
5.22 |
6.26 |
6.30 |
6.36 |
NRNR and NRSR Deposits : Discontinued
w.e.f. 01.04.02.The existing accounts under NRNR Deposit scheme may be
continued only upto the date of maturity.
The existing NRSR accounts other than Term Deposits shall not be continued after
30.09.02 |
| Dollar Deposit Account under
EEFC Scheme |
| Type of Account : Only Current Account |
| Exchange Bureau : We have forex counters at our following
branches, viz.
a) Kolkata Main Branch, Kolkata
b) D N Road Branch, Mumbai
c) Pondicherry Main Branch
d) Mount Road Branch, Chennai
e) Parliament Street Branch, New Delhi
At these counters sales and purchases of foreign currency notes / travellers cheques
are being undertaken at attractive rates. |
|
