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 OUR DEPOSIT PRODUCTS

Subject:
Latest Interest Rates on Term Deposits (w.e.f 22/12/2016)
Description:

Latest Interest Rates on Term Deposits

(w.e.f., 22/12/2016)

CATEGORY OF DEPOSITS

RATE OF INTEREST

 
Existing Rate of Interest
Revised Rate of Interest (amt less than 1 crore)
Revised Rate of Interest (amt 1 crore & above) Rate of interest for Senior Citizen

07 Days to 14 Days

5.25 5.25 5.00 5.25

15 Days to 29 Days

5.75

5.25

5.00

5.25

30 Days to 45 Days

5.75

5.50

5.00

5.50

46 Days to 60 Days

6.00

6.00

5.75

6.00

61 days to 90 days

6.50

6.25

5.75

6.25

91 days to 120 days

6.80

6.50

6.10

6.50

121 days to 180 days

6.80

6.50

6.10

6.50

181 days to 269 days

6.80

6.75

6.10

6.75

270 days to 364 days

7.00

6.75

6.10

6.75

One year only

7.30

7.00

6.25

7.50

Above 1 Year and inclusive of 2 years

7.00

6.75

6.00

7.25

Above 2 years and less than 3 years

6.80

6.75

6.00

7.25

3 Years and above & less than 5 Years

6.80

6.50

6.00

7.00

5 Years to less than 6 Years

6.80

6.25

5.75

6.75

6 Years & Above

6.80

6.25

5.75

6.75

 

Additional interest rate of 0.50% over the card rate is payable to Resident Indian Senior Citizen on Domestic Term Deposits upto Rs 1 crore with maturity tenor of one year and above only.

Employees/eligible ex-employees are eligible for an additional interest of 1% over the card rate irrespective of the amount and tenor of deposit.

 

 

 

Period of Deposit

Existing Rates of Interest on Non Resident Rupee Term Deposits

Proposed Revision in Rates of Interest on Non Resident Rupee Term Deposits

w.e.f. 20.06.2016

Below Rs 1.00 crore

Rs 1.00 crore & above

Less than 1 Cr

1 Cr and above

1 Year (Exact)

7.75

7.60

7.50

7.00

Above 1 Year to up to 2 Years

7.75

7.60

7.25

6.50

Above 2 Years up to 5 Years

7.50

7.50

7.00

6.50

Exact 5 years 7.50 7.50 7.00 6.00
Above 5 years to 10 years 7.50 7.50 6.75 6.00

 Downloads
Subject:
Savings Bank Account
Description:
Minimum Amount:

With Cheque Book Facility:

 * For Urban Branches minimum Rs.1000/-

 * For Semi-urban and Rural Branches Rs.500/-

 

    Without Cheque Book Facility:

     * For Urban Branches minimum Rs.500/-

     * For Semi-urban and Rural Branches Rs.100/-

     

    Penal Charges for non-maintenance of minimum balance:

    For all category accounts - Rs. 30/- + Service tax at prevailing rate per month

     

Period:

Operative Account.

 

Rate of Interest:

4.00% simple interest.


 Downloads
Subject:
Vikas Premium Savings Bank Account
Description:
Minimum Amount:

Minimum Balance of Rs.10000/- Shall be maintained in SB.

Period:

Operative Account.

Rate of Interest:

4.00% simple interest.


 Downloads
Subject:
Jeevan Prabha SB Account
Description:

(An Insurance Linked Deposit Account)

 

Minimum Amount:

Rs.1,110/- initial Deposit.

A minimum of Rs.1000/- shall always be maintained in the account to derive benefit of the Scheme.

Period & Risk Coverage:

The risk shall commence from the time and date of opening of a/c. The insurance coverage will be available to all JPSB accounts for a period of 3 years from the date of opening of account provided the minimum balance of Rs.1000/- is maintained upto 3 years. The risk arising out of accident alone would be covered under the Scheme i.e., risk will not be covered under natural death. In case of occurrence of more than one accident, the Insurance risk coverage is to the maximum of Rs.1.00 lakh only.


Rate of Interest:

4.00% as applicable to SB accounts.


 Downloads
Subject:
Current Account
Description:

Businessmen, Traders, Industries, Companies, Associations and others who have occasions to receive, to be received / pay out cash / cheques quite often have to open current accounts.

 

Minimum Amount:

            Urban Area – Rs.2000/- initial deposit for individuals and Rs.3000/- for others.

            Rural / Semi urban Areas – Rs.500/- for individuals and Rs.1000/- for others.

 

Period:

Operative Account.

 

If minimum balance is not maintained, Rs.20/- per occasion is to be levied.


 Downloads
Subject:
Sanchayani Deposit
Description:
Minimum Amount:

Monthly installments of Rs.500/- and in multiples of Rs.100/-.

 

Period:

Minimum 12 months or more and in completed quarters.

Maximum 120 months.

 

Rate of Interest:

On quarterly basis as applicable to Term Deposits.


 Downloads
Subject:
Fixed Deposits
Description:

(Normal / Monthly / Quarterly / Half Yearly)

Minimum Amount:

Minimum of Rs.1000/- in multiples of Rs.500/-

 

Period:

Minimum 7 days and Maximum 120 months.

            
Rate of Interest:

Applicable simple rate of interest at Half yearly rests.
Payable on Monthly / Quarterly / Half Yearly / On Maturity


 Downloads
Subject:
Akshaya Cash Certificate
Description:
Minimum Amount:

Minimum of Rs.1000/- in multiples of Rs.500/-

 

Period:

Minimum 6 months and in completed quarters beyond 6 months.

Maximum 120 months.

 

Rate of Interest:

On quarterly compounded basis.


 Downloads
Subject:
Nirantara Deposit
Description:
Minimum Amount:

Minimum of Rs.20/- in multiples of Rs.10/-

 

Period:

Maturity period of 60 Months from the date of opening the account.

 

Rate of Interest:

5% on Maturity.


 Downloads
Subject:
VikasTax Saving Deposit
Description:
  • Eligibility: Individual/HUF eligible to open an account with the Bank.
  • Minimum Deposit: Rs.100/ and multiples thereof up to a maximum of Rs. 1.5 lakh in a     year.
  • Tenure: Minimum of 5 years.
  • Rate of Interest: As applicable to term deposits subject to change from time to time.
  •     Senior Citizens and Staff will be eligible to get additional Interest rate as per the rules.

  • Withdrawal Facility: The deposit cannot be closed prematurely before completion of     minimum period of FIVE years from the date of deposit.
  • Nomination Facility: Available.
  • Deposit Account may be opened under Single/Joint holder type of Accounts.
  • Payment of Interest:
  •        Option I : Interest may be paid in Lump sum at the time of  Maturity.
           Option II: Interest may be paid every quarter or every Month at Discounted value                        as per rules in force.

  • Term Deposits under this scheme are not eligible for pledge to secure loan or security     to any other asset, LD/ODD shall not be available to the depositors on the deposits.
  • Interest Income from these Term deposits shall be liable to Tax under the IT Act.
  • Permanent Account Number (PAN) is compulsory.

  •  Downloads