|
Rate of Interest
Interest on Saving Bank A/c (w.e.f. 1st Oct 2017)
|
Scheme
|
Rate
|
|
If balance of the Saving Bank Account at end of the day is upto Rs. 1 Lakh
|
4.00%
|
| If daily balance of the Saving Bank Account at end of day is above Rs. 1 Lakh
|
4.50%
|
Interest on term deposits to be paid Monthly, Quarterly, Half-yearly, & re-invested by quaterly compounding.
Your Deposits are insured up to Rs. 1 Lakh per depositor by Deposits Insurance and Credit Guarantee Corporation, Government of India undertaking.
|
|
| Rate of Interest on Term Deposits: |
Period
Maturity Brackets |
Rate
For General Public
W.e.f. 10/09/2018
|
Rate
For Senior Citizen Depositors W.e.f 10/09/2018 |
| |
Reinvestment and Fixed Deposit |
Reinvestment and Fixed Deposit |
| 7 days to 14 days* |
4.00% p.a. |
4.00% p.a. |
| 15 days to 60 days |
5.00% p.a. |
5.00% p.a. |
| 61 days to 90 days |
5.00% p.a. |
5.00% p.a. |
| 91 days to 180 days |
5.50% p.a. |
5.50% p.a. |
| 181 days to 270 days |
6.00% p.a. |
6.00% p.a. |
| 271 days to 12 Months |
7.00% p.a. |
7.00% p.a. |
| Above 12 months to 36 months |
7.75% p.a |
8.00% p.a |
| 37 months to 60 months |
7.25% p.a. |
7.50% p.a. |
| 61 months to 120 months |
7.00% p.a. |
7.25% p.a. |
|
Notes :
- Penalty of 1% p.a. levied for premature withdrawal of deposits.
- Rate of interest of 4.00% on deposit for a period of 7 - 14 days will be given provided deposit is Rs. 5,00,000.00 and above.
- Bank's PLR is 14% (Rate of Interest on Loans and advances are linked to Bank's PLR )
|
| |
| Special Schemes |
|
|
|
|
Special Schemes
|
For General Depositors
|
For Senior Citizen Depositors
|
|
PMC 100
|
8.00 % p.a..
|
8.00 % p.a..
|
|
PMC 31 (31 Months) (Monthly/Quarterly Interst Payout)
|
8.25% p.a..
|
8.50% p.a..
|
|
BAL BHAVISHYA SCHEME
|
7.00 % p.a..
|
N.A
|
|
FLEXIMONEY
|
7.00% p.a.
|
7.00% p.a.
|
|
ANANT RECURRING DEPOSIT - 5 years
|
7.00% p.a.
|
N.A.
|
|
ANANT RECURRING DEPOSIT - 10 years
|
7.00% p.a.
|
N.A.
|
|
|
| |
| |
| 'PMCB Kar-Mukt Yojna' Term Deposit Scheme
To claim benefit under Section 80C up to a maximum of Rs. 1.50 Lakhs) for the period of 5 years.
|
|
Scheme
|
General Public
|
Senior Citizen
|
|
a) Reinvestment -
Quarterly Interest
|
7.25%
|
7.50%
|
b)Fixed Deposit -
quarterly interest |
7.25%
|
7.50%
|
|
|
| Rate of Interests for NRI's (Non-resident Indians): |
| |
| NRE Deposits |
|
Maturity Brackets
|
Revised Rate of Interest w.e.f. 10/09/2018
|
| Above 12 months to 36 months |
7.75% |
| 37 months to 60 months |
7.25% |
| 61 months to 120 months |
7.00% |
|
* Interest payouts on Fixed Deposits are on quarterly basis
|
|
| |
| NRO Deposits
|
|
Maturity Brackets
|
Revised Rate of Interest w.e.f. 10/09/2018
|
| 7 days to 14 days* |
4.00% p.a.
|
| 15 days to 60 days |
5.00% p.a. |
| 61 days to 90 days |
5.00% p.a. |
| 91 days to 180 days |
5.50% p.a.
|
| 181 days to 270 days |
6.00% p.a. |
| 271 days to 12 months |
7.00% p.a. |
| Above 12 months to 36months |
7.75%p.a.
|
| 37 months to 60 months |
7.25% p.a.
|
| 61 months to 120 months |
7.00% p.a. |
|
|
| NRO KAR MUKT YOJANA TERM DEPOSIT SCHEME |
| To claim benefit under Section 80C up to a maximum of Rs. 1.50 Lakhs) for the period of 5 years. |
| |
Scheme
|
Period
|
Senior Citizen
|
| 1 |
NRO Kar Mukt Yojana
Reinvestment
|
60 Months
|
7.25%
|
| 2 |
NRO Kar Mukt Yojana
quarterly interest
|
60 Months
|
7.25%
|
|
|
Accordingly the rates of interest on FCNR (B) Deposits and Resident Foreign Currency
(RFC) Deposits w.e.f 1st December 2018 are as under:
A)FCNR (B) Term Deposits with effect from 01/12/2018 (valid upto 31/12/2018)
are as under :
|
| |
| FCNR (B) deposits |
| Currency |
1 years 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 |
4.90 |
4.98 |
5.98 |
5.96 |
5.95 |
| GBP |
3.00 |
3.16 |
4.24 |
4.30 |
4.35 |
| EUR |
1.79 |
1.85 |
2.98 |
3.13 |
3.28 |
| JPY |
2.03 |
2.04 |
3.05 |
3.06 |
3.08 |
|
| |
| B) RFC Deposits with effect from 01.12.2018 (valid upto 31.12.2018) are as under: |
RFC Deposits |
| Currency |
1 year |
2 year |
3 year |
| USD |
4.90 |
4.98 |
5.98 |
| GBP |
3.00 |
3.16 |
4.24 |
| EUR |
1.79 |
1.85 |
2.98 |
|
| 1% Penalty on Premature withdrawal will be applicable for both FCNR as well as RFC Deposits. |
|
| FCNR deposit accounts would be maintained at our "B" category Branches i.e Bhandup and Andheri Branch, Karol Baug - Delhi and Rajaji Nagar - Bengaluru.
|
| |
| The Rate of Interest on RFC Savings for all the three currencies i.e. USD, GBP and EURO based on prevailing LIBOR/EURIBOR is as under
|
| Currency |
|
| USD |
0.15% p.a. |
| GBP |
0.48% p.a. |
| EUR |
0.22% p.a. |
|