Rates at a Quick Glance

Deposit Accounts

1. Savings Bank A/c
Nature Rate of Interest Average Balance
Normal Senior Citizen Rural Semi Urban Urban
A. Domestic
a. With cheque book facility 6%* pa on balance above Rs. 1 lac
5% p.a. on balance up to Rs. 1 lac
6%* pa on balance above Rs. 1 lac
5% p.a. on balance up to Rs. 1 lac
Rs. 5000 Nova Rs. 5000 Nova Rs. 10000 Edge and Rs. 50000 Ace
Rs. 10000 Classic Rs. 10000 Classic Rs. 20000 Pro and Rs 50000 Ace
b. Without cheque book facility NA NA NA NA NA
c. Basic Savings Bank Deposit Account/Small Account 6%* pa on balance above Rs. 1 lac
5% p.a. on balance up to Rs. 1 lac
6%* pa on balance above Rs. 1 lac
5% p.a. on balance up to Rs. 1 lac
Nil Nil Nil
B. Non Resident
a. NRE 4% pa 4% pa Rs. 10000
b. NRO 4% pa 4% pa Rs. 10000

INTEREST RATES FOR DOMESTIC / NRO / NRE TERM DEPOSITS

Disclaimer

#Simple interest rate
*Senior Citizens' rate is not applicable on NRO/NRE  deposits
***101Days-120Days: Premature withdrawal of deposit is not permitted in this bucket for amount 1Cr and above.
No interest will be payable for NRE TDs staying less than 1 year.
For Term Deposits with tenure below 181 days, interest will be calculated at maturity as Simple Interest.
Standalone Term Deposits of tenure 181 days and above linked to saving / current account will be treated as per the regular sweep deposit functionality and penal charge will be applicable as above.
For ActivMoney (2 way sweep deposits) Regular Term Deposit rates will be applicable for all customers including Senior Citizen's / Bank Staff
Acceptance of deposits of Rs.5 cr. and above is at the discretion of the Bank's Treasury.
Interest on Term Deposit can be paid for a period of less than a quarter (monthly interest payout) at the discounted interest rates as per RBI directives
Kindly note that the above rates are applicable for mentioned dates only and are subject to change without prior notice
*Earn 6% interest p.a. on savings account balance over Rs. 1 Lakh. Balances up to Rs. 1 Lakh will earn 5% interest p.a. with effect from 1st November 2014. Up to 6% interest p.a. not applicable on NRE/NRO Accounts.

Important: Penal Charge on Pre-mature withdrawal of Term Deposits (Domestic / NRO / NRE)

Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank.
As per Terms & Conditions of Term Deposit Accounts of the Bank, the penal charge on premature closure of term deposits including partial closure has been fixed by the bank as below on term deposits booked/ renewed on or after 1st November, 2012.

Tenure of Term Deposit Penalty
Less than 181 days Nil
181 days and above 0.50%

INTEREST RATES FOR RECURRING DEPOSITS (For Resident Individuals & HUF only)

Disclaimer

Note: Interest rates are subject to periodic changes. The applicable interest rates will be offered based on the date and time of receipt of the funds by the bank.
*Recurring Deposit Advice will be dispatched to your registered mailing address with the bank within 3 - 4 working days of opening the RD account
Not available for Non Resident Indians / Persons Of Indian Origin

Penalty on delay in payment of RD installment

In case of delay in payment of any installment post grace period of 5 days, penal interest at the rate of RD interest rate (contracted rate of interest at the time of booking of the RD) + 2% p.a. or such other rate as may be specified by Bank from time to time, will be charged for the month of delay.
Fraction of a month will be treated as full month for the purpose of calculating such interest.
Even if the payment for the month is honoured, but the standing instruction towards installment recovery has failed, the Bank will recover a standing instruction failure charge from the current / savings bank account as per General Features and Schedule of Charges (GFSC)
The total penal interest chargeable shall be recovered from the total amount of interest payable by the bank and shall be recovered only at the time of maturity or premature closure of the account as the case may be.

Premature Withdrawal of RD

In case of premature closure of this deposit within a month, no interest shall be paid and only principal amount will be returned.
On premature withdrawal of RD. The interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit remained with the bank or at the contracted rate, whichever is lower post deducting penal charge of 0.5% on premature withdrawal of deposit

INTEREST RATES FOR FCNR DEPOSITS

Disclaimer

* Rates for Senior Citizen category not available for FCNR Deposits.
No interest will be payable for FCNR Deposits staying less than 1 year.
Interest rate subject to change without prior notice.

Loans - Charges Effective from 28th August, 2013

  Rate of Interest Processing Charges
LOANS     
1. Housing Loan Upto Rs 30 Lakhs More than Rs 30 Lakhs More than Rs 50 Lakhs Above (excluding Service Tax)
Upto Rs 50 Lakhs Upto Rs 100 Lakhs Rs 100 Lakhs
Floating Category
Upto 5 yrs Upto 14.5% Upto 14.5% Upto 14.5% Upto 14.5% Upto 1.25%
More than 5 yrs Upto 10 yrs Upto 14.5% Upto 14.5% Upto 14.5% Upto 14.5% Upto 1.25%
More than 10 yrs Upto 14.5% Upto 14.5% Upto 14.5% Upto 14.5% Upto 1.25%
Fixed Category
Upto 5 yrs NA NA NA NA NA
More than 5 yrs Upto 10 yrs NA NA NA NA NA
More than 10 yrs NA NA NA NA NA
2. Business Banking Asset
Business Loan Upto 24% Upto 24% Upto 24% Upto 24% Upto 3%
Loan against Property Upto 16% Upto 16% Upto 16% Upto 16% Upto 1.25%
Working Capital Finance Upto 16% Upto 16% Upto 16% Upto 16% Upto 1.25%
  Rate of Interest Processing Charges
3. Salaried Personal Loan Up to Rs 3 Lakhs More than Rs 3 Lakhs More than Rs 5 Lakhs Above 10 (excluding Service Tax)
Up to Rs 5 Lakhs Up to Rs 10 Lakhs  
  Upto 24% Upto 22% Upto 22% Up to 21% Upto 3 %
           
  Rate of Interest (Effective from November 01, 2013)  
4. Commercial Assets and Business Loans*** Upto 24%  
***Interest rate to customer depends on type of collateral provided, loan to collateral value, track record, funding requirement etc.

Fee Based Services

Credit Cards

  Types of Cards
Fee & Other Parameters Fortune Trump League Royale
Entrance Fees Nil Nil 3000 / 8500 / 12000 25000
Annual Fees Nil Nil Nil Nil
Add On Card 299 / 499** 299 / 499** Nil Nil
Service Charges on outstanding Balance 3.3% 3.3% 3.10% 3.10%
ATM Cash Withdrawal / Call a draft / Fund Transfer 199 per Rs 10,000 Rs.300 per Rs 10,000 Rs.300 per Rs 10,000 Rs.300 per Rs 10,000
Hot listing Charges Nil Nil Nil Nil
Late Payment Charge Rs. 500 Rs. 500 Rs. 350 Rs. 350
Over Limit Charge Rs 500 Rs 500 Rs 500 Rs 500
Bounced payment Rs. 500 Rs. 500 Rs 300 Rs 300
Foreign Currency Mark Up 3.50% 3.50% 3.50% 3.50%
Railway Booking Surcharge Waived Waived Waived Waived
Fuel Surcharge Waived Waived Waived Waived
Outstation Cheque Processing Fee N.A. N.A. N.A. N.A
Reissue / Replacement Card & PIN Nil Nil Nil Nil
Charge Slip Request Nil Nil Nil Nil
Annual Nil Nil Nil Nil
Renewal Nil Nil Nil Nil
Machine Surcharge at ATMs Nil Nil Nil Nil
Balance Enquiry Charges at Non Parent Bank ATM Nil Nil Nil Nil
Duplicate Statement Request Nil Nil Nil Nil
Please Note:
  • Service tax & education cess, would be charged as per statutory regulations on the interest & fees and other charges charged on your Credit Card.
  • Fuel surcharge to be waived only for transactions between values of Rs.400 - Rs.4000. Maximum Fuel surcharge waiver of Rs.4500 in a calendar year
**Customer can choose among the available two variants

Debit Cards

International Debit Cards Issuance and Annual Fee Primary Card Rs. 100 (Free for BSBDA/Small Account)

Drafts/TT/MT

For Savings Accounts Issue (INR) Rs. 2.5 per 1000 Min Rs. 50 Max Rs. 10, 000
Cancellation (INR) Rs. 100
For Current Accounts Issue (INR) At Branch Locations - Re 1/1000 (Min 40 Max 5000) & at Non - branch locations Rs. 2/1000 (Min 40 Max 5000); Foreign Currency DD - Rs 500 per DD + Foreign Currency Conversion Charge.
Cancellation (INR) Rs 100 per INR DD; for Foreign currency DD Rs 500 + Foreign currency conversion charge

Outstation Cheque Collection (INR)

Savings Account For Branch Locations (Non-Speed clearing locations): Instrument value up to Rs. 500 : Free; > Rs. 500 to 5000 - 20; >5000 to 10000 - 35. >10000 to Rs. 100000: Rs.85; > Rs. 100000 : Free. Cheques drawn on speed clearing locations (irrespective of any value) - Free
For Non Branch Locations (Non- Speed clearing locations) Instrument value up toRs. 500 : Free; > Rs. 500 to 5000 - 20; >5000 to 10000 - 35;   >10000 to Rs. 100000: Rs.85; > Rs. 100000 : Free. Cheques drawn on speed clearing locations (irrespective of any value) - Free
Current Account INR cheques upto Rs. 10000: Rs. 50 per cheque; Rs. 10001 - Rs. 100000: Rs. 100 per cheque; Rs. 100001 & above: Rs. 150 per cheque. For foreign currency cheques Rs 500 per cheque
Charges for Outstation INR Cheque Collection are exclusive of service tax.

NEFT Money Transfer

For Savings Accounts Inward Free
Outward Free through netbanking Standard charges - Up to 10000: 2.50, 10001 to 100000:5; 100001 to 200000:15; > 200000 : 25 (Small account holder can do NEFT upto 10000)
For Current Accounts Inward Free
Outward Upto Rs. 1 Lakh: Rs. 5 per Txn; Rs. 1 Lakh & above: Rs. 25 per Txn
Charges for NEFT are exclusive of service tax.

RTGS Money Transfer

Savings Accounts Inward Free
Outward Rs. 200001- 500000: Rs 25 per Txn; > 500000: Rs 50 per Txn;
Current Accounts Inward Free
Outward Free (If done through Net banking); Charged - if done through branch @ Rs. 1- 5 Lakhs: Rs 25 per Txn; Rs. 5 Lakhs & Above: Rs 50 per Txn;
Charges for NEFT are exclusive of service tax.
Cheque Return Charges Outward Returns Inward Returns
For Savings Account (INR) Rs. 100/- per cheque Rs. 350 for first return in a month thereafter Rs. 750 per return in the same month
For Current Accounts / Overdraft, Cash Credit Accounts Rs.100/ cheque. For out-station cheques, corr bank charges shall be extra Financial Reason: upto 3 returns - 350 /instance; 4th return onward 750/instance

Cheque Book Issuance

Savings Account For BSBDA & Small Account, first cheque book of 5 leaves Free, thereafter charged @ Rs. 5 per cheque leaf. Edge, Nova and Synergy Savings Account 25 leaves per quarter Free thereafter it is charged @ Rs. 1.5 per leaf. For all other Accounts it is Free.
Current Account Free for all accounts except Neo, Edge & Synergy A/c where beyond free limit it is charged @ Rs.2/- per leaf. Default cheque book is at-par cheque book.