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Deposit Rates

Interest Rates on Deposits and Service Charges
Rates at a quick glance Deposit Accounts

NATURE	RATE OF INTEREST		MINIMUM BALANCE
	NORMAL	SENIOR CITIZEN	RURAL	SEMI URBAN	URBAN
ACCOUNT
1. Savings Bank Account
A. Domestic
a. with cheque book facility	4%	4%	Rs 500	Rs 500	Rs 500
b. without cheque book facility	4%	4%	Rs 50	Rs 100	Rs 100
c. No Frills Account	4%	4%	0	0	0
B. Non Resident
a. NRO	4%	4%
b. NRE	4%	4%

Retail Term Deposit. Interest Rates Domestic/NRE/NRO Term Deposit below 5 Crore

Sl. No.	Period of Deposit	Revised Rates w.e.f 04.04.2013
Sl. No.	Period of Deposit	Other than Sr. Citizen	Rate for Sr. Citizen
1.	7 Days to 14 Days	5.00	5.00
2.	15 Days to 29 Days	5.00	5.00
3.	30 Days to 45 Days	5.50	5.50
4.	46 Days to 60 days	5.50	5.50
5.	61 Days to 90 Days	6.50	6.50
6.	91 Days to 180 Days	7.00	7.00
7.	181 days to 269 Days.	7.00	7.00
8.	270 Days to less than 1 Year	8.00	8.00
9.	1 Year	8.75	9.25
10.	More than 1 Year to less than 2 Year	8.75	9.25
11.	2 years to less than 3 years	8.75	9.25
12.	3 years to less than 5 years	8.75	9.25
13.	5 years and above	8.75	9.25

For Accepting Single Deposit above Rs 5 Crore. Concerned Branch should obtian prior permission from GM Treasury on its acceptance and rate of interest.

Time Bucket	Rates of Tax Savings Deposit Scheme (Growth & Income Plan) w.e.f 04.04.2013
Time Bucket	Other than Sr. Citizen	Addl. Rate for Sr. Citizen
5yrs Lockin Period	8.75	0.50

The following are rate of interest for deposit of Rs 5.00 crore and above for today

Valid Only On Period Interest Amount

14 Jun 2013 30-120 Days 7.50% For 250.00 Crore(Maximum)

14 Jun 2013 180 -364 Days 8.00 % For 8.00 Crore(Maximum)

Penalty for Premature withdrawal For Retail Deposits (below Rs 100 lac):

Particular	Penalty
If Term Dposit is closed prematurely withdrawn within 7 days from the date of deposit.	No interest will be paid
If closed prematurely beyond 7 days and withdrawn the deposit.	1% penalty will be levied on the rate of interest applicable for the period the depost remained with the Bank.
If prematurely withdrawn for reinvesting the deposit for a period longer than the residual period of the original deposit.	Interest will be paid at the rate applicable on the date of original deposit for the period for which the deposit remained with the Bank without applying any penaly of 1 %.
If the term deposit is renewed by premature withdrawal for a period shorter than the remaining period of the deposit.	Penaly will be charged @ 1 %.