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Personal Banking

Rate of Interest

Interest on Savings Bank A/c @ 4.00 % p.a. (w.e.f 3rd May, 2011)

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. 03/12/2016
Rate
For Senior Citizen Depositors W.e.f 03/12/2016
  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 364 days 7.00% p.a. 7.00% p.a.
13 months 7.75% p.a. 8.00% p.a.
12 months to 36months 7.50% p.a 7.75% 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.
 
Special Schemes

 
Special Schemes
For General Depositors
For Senior Citizen Depositors
BAL BHAVISHYA SCHEME
7.00 % p.a..
N.A
FLEXIMONEY
7.50% p.a.
7.75% p.a.
ANANT RECURRING DEPOSIT - 5 years
7.00% p.a.
N.A.
ANANT RECURRING DEPOSIT - 10 years
7.00% p.a.
N.A.
Notes :
  1. Penalty of 1% p.a. levied for premature withdrawal of deposits.
  2. 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.
  3. Bank's PLR is 14% (Rate of Interest on Loans and advances are linked to Bank's PLR )
 
'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. 03/12/2016
13 months 7.75%
12 months to 36 months 7.50%
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. 03/12/2016
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 364 days 7.00% p.a.
13 months 7.75% p.a.
12 months to 36months 7.50%p.a.
37 months to 60 months 7.25% p.a.
61 months to 120 months 7.00% p.a.

The rates of interest on FCNR (B) Deposits and Resident Foreign Currency
(RFC) Deposits w.e.f  1st March 2017 are as under:

A)FCNR (B) Term Deposits with effect from 01/03/2017 (valid upto 31/03/2017)
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 3.33% 3.57 % 4.73 % 4.87 % 5.00 %
GBP 2.41 % 2.58 % 3.64 % 3.72 % 3.79 %
EUR 1.82 % 1.86 % 2.91 % 3.00 % 3.09 %
JPY 2.05 % 2.05 % 3.06 % 3.08 % 3.10%
 
B) RFC Deposits with effect from 01/03/2017 (valid upto 31/03/2017) are as under :

RFC Deposits
Currency 1 year 2 year 3 year
USD 3.33% 3.57 % 4.73 %
GBP 2.41 % 2.58 % 3.64 %
EUR 1.82% 1.86 % 2.91 %
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 Andheri Branch,Karol Bagh,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.
 
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