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Interest Rates Deposits

 
   Interest Rates on Savings Bank Accounts :
4.00% per annum on Domestic Savings Deposits, Ordinary Non-Resident (ONR) Savings deposits and Savings Deposits under Non- Resident (External) (NRE SB) Accounts w.e.f., 03.05.2011
 
Interest Rates on Domestic Term Deposits w.e.f., 08.08.2014

Rates of Interest on Domestic Term Deposits have been revised with effect from 08.08.2014. With this revision, the interest rates offered on domestic term deposits for various periods are as under

Sr.
No.

Maturity Period

Rates of interest (%) per annum

Less than 
Rs.1.00 crore

Rs.1.00 Crore to Rs.10.00 Crore 

Above Rs.10 Crore to Rs.50 Crore *

Above Rs.50 Crore to Rs.100 Crore *

Above Rs.100 Crore *

1

7 days to 14 days # 

6.00   8.26   8.26   8.26   8.26  

2

15 days to 45 days

6.00   8.26 8.26   8.26   8.26  

3

46 days to 90 days

7.80   8.26   8.26   8.26   8.26  

4

91 days to 179 days

8.00   8.26   8.26   8.26   8.26  

5

6 months to < 9 months

8.50   8.50   8.50   8.50   8.50  

6

9 months to < 1 year

8.50 8.50 8.50 8.50 8.50

7

1 year to 443 days

9.00 9.00                9.00 9.00 9.00

8

444 days

9.05 9.00 9.00 9.00 9.00

9

445 days to 2 years

9.00 9.00 9.00 9.00 9.00

10

Above 2 years to 3 years

9.00   8.75   8.50   8.50   8.50  

11

Above 3 years to 10 years

8.75   8.75   8.50   8.50   8.50  

# For deposits up to and inclusive of Rs.1.00 Lac and above.
 
* For Deposits of above Rs.10.00 Crore, branches should obtain permission from General Manager, Corporate Planning Department, Head Office before quoting and accepting the Deposit.
 
For Senior Citizens, the rate of interest is 0.50% higher for all maturity periods. Existing / Retired Staff are eligible for additional rate of interest as per rules.
 
The interest rate on AB Smart Choice Deposits stands revised to 8.26% from 8.05% per annum effective from 08.08.2014. The rate of interest on AB Tax Saver Deposits for a period of 5 years continues at 9.10% p.a. up to Rs. 1.00 lac only.

 FCNR(B) Deposits : Interest Rates w.e.f., August 01, 2014
 
The revised interest rates on FCNR [B] Deposits with effect from August 01, 2014 are as under :

Currency 1 Year & above but less than 2 Years 2 Years & above but less than 3 Years 3 Years & above but less than 4 Years 4 Years & above but less than 5 Years 5 years
  New Existing New Existing New Existing New Existing New Existing
USD 2.36 [2.55] 2.76 [2.58] 4.21 [4.01] 4.61 [4.39] 4.90 [4.68]
GBP 2.85 [3.04] 3.37 [3.34] 4.73 [4.71] 5.00 [4.98] 5.19 [5.18]
EUR 2.32 [2.44] 2.34 [2.33] 3.41 [3.40] 3.52 [3.51] 3.66 [3.67]
CAD 3.47 [3.50] 3.44 [3.45] 4.63 [4.64] 4.80 [4.81] 4.96 [4.99]
AUD 4.65 [4.66] 4.78 [4.78] 5.94 [5.93] 6.18 [6.15] 6.30 [6.31]
JPY 2.19 [2.33] 2.19 [2.18] 3.20 [3.19] 3.23 [3.22] 3.27 [3.28]
CHF 2.10 [2.19] 2.08 [2.10] 3.14 [3.14] 3.22 [3.22] 3.33 [3.33]
DKK 2.58 [2.57] 2.64 [2.60] 3.71 [3.69] 3.83 [3.81] 3.98 [3.97]
NZD 5.93 [5.94] 6.13 [6.23] 7.30 [7.39] 7.43 [7.51] 7.53 [7.61]
SEK 2.52 [2.74] 2.64 [2.78] 3.82 [3.96] 4.01 [4.16] 4.20 [4.34]

[Figures in brackets denote previous month interest rates]

The above interest rates on FCNR (B) Deposits are applicable only to the fresh and renewed deposits from August 01, 2014.
 
 NRE ACCOUNTS With effect from 04.07.2014

Rates of interest on NRE term deposits have been revised with effect from 04.07.2014 With this revision, the interest rates offered on NRE term deposits for different maturity periods are as under

Period Rate of Interest (%) p.a.

Less than Rs.1 Crore Rs.1 Crore to Rs.10 Crore
1 year to 2 Years 9.00 9.00
Above 2 Years - up to 3 years 9.00 8.75
Above 3 Years- up to 10 years 8.75 8.75

The revised interest rates are applicable to all fresh deposits and renewals of the existing deposits with effect from 04.07.2014

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The existing customer grievance redressal mechanism would also cover the complaints relating to outsourcing

Use your Visa Debit Card for shopping in POS/Online within 3 months of card issuance & get 5% Cash back. Offer applicable to cards issued after December 2013,T&C Apply

AS A PART OF RISK MITIGATION MEASURE, DEBIT CARDS ISSUED AFTER 30-11-2013 ARE ENABLED FOR DOMESTIC TXNS ONLY. FOR FURTHER DETAILS PLEASE CONTACT OUR BRANCH.

You can now donate to Shri Saibaba Sansthan Trust, Shirdi through IMPS-Mobile Banking.

Presentation to Analysts

Our Total Income during 12M of FY’12-13 increased to Rs. 13,957 Crore, recording a growth of 14.4%.

Form 15G/15H has to be submitted afresh at the beginning of each financial year to avail exemption/concession in TDS. Quoting of PAN is mandatory for availing such exemptions/concessions.

All our Banks’ cheques are “payable at par henceforth. We request all our customers to surrender their old cheque books at their account branch and obtain CTS 2010 Standard Cheque books immediately.

We request all our customers who have issued postdated cheques for repayment of loan installments for loans availed by them to replace the old PDCs with new CTS 2010 Standard cheques.

Online Grievance Redressal System with Tracking

Online Applications for MSME and Retail Loans

Online Donations to charitable institutions through net banking

Online resetting of Internet Banking Login Password

Interbank transfer of Funds through Mobile Banking using IFSC code

As per RBI mandate, cash retraction facility is discontinued from our ATMs. Do not forget to collect cash before leaving ATM room.

Any customer could walk in to deposit money in any branch of the bank if the account is in any other branch of the bank to which he wants to deposit the money and there will be no charges on this for any amount

Fictitious Offers of Cheap funds from abroad - Awareness Campaign - List of Nodal Agency (Cyber Crime Cell / Economic Offence Wing)

Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad

PPF and SCSS schemes

Do Not fall Prey to Fictitious Offers of Funds Transfer

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