Interest Rates

Deposit

The Bank pays interest on deposits as per various deposit scheme. Interest Rates are revised from time to time and made known to public. Revised interest rates are applicable only to the renewals and fresh deposits while existing deposit continue to get interest at the contracted rate.

Saving Account Interest Rates (% p.a.)	3.5(w.e.f. 1st March 2003)

Revised Rate of Interest on Domestic Term Deposits from below Rs.15 lacs to below Rs. 5 crore w.e.f 16.08.2007
*Annualised Yield in % terms at the beginning of the slab APPLICABLE FROM REVISED RATE OF INTEREST ON SINGLE DOMESTIC TERM DEPOSITS w.e.f. 01.07.2008

Maturity Period	Revised Interest Rates on Single Domestic Term Deposits with effect from 01.07.2008.
	Below Rs 15 lacs	Annualized Yeild*	Rs 15 lacs to below Rs1crore**	Annualized Yeild*
7 days to 14 days	3.75	3.75	4.25	4.25
15 days to 45 days	4.75	4.75	5.25	5.25
46 days to 90 days	5.75	5.75	6.25	6.25
91days to 179 days	6.00	6.00	6.25	6.25
180 days to less than 1 year	7.25	7.32	7.50	7.57
1 year to less than 2 years	8.75	9.04	8.75	9.04
2 years to less than 5 yrs	9.00	9.74	9.00	9.74
5 yrs to 10 years	8.75	10.83	8.75	10.83

The rates of interest on Domesic Term Deposit of Senior Citizens will be 0.50% higher on all maturities as hitherto. Honorably retired staff members of our Bank, fulfilling the prescribed criteria of Senior Citizens (as advised by Bank) would also be eligible to get this benefit of 0.50% higher rate of interest (on all maturities) in addition to existing benefit of 1% higher (on all maturities) over and above the normal rates as per extant guidelines, on domestic term deposits.

These revised interest rates will be applicable to the fresh deposits and renewal of existing deposits with effect from 29.10.2007. No other change in the existing terms and conditions is envisaged.

These interest rates would also apply to term deposit accounts opened under Capital Gains Account Scheme, 1988 (OPERATIVE IN ALL BRANCHES EXCEPT RURAL OFFICES)