Revised MCLR - Effective from Sep. 16, 2019 are as follows
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Revised MCLR - Effective from Sep. 16, 2019 are as follows:
Particulars |
MCLR Rates |
Overnight MCLR |
7.30% |
One month MCLR |
7.50% |
Three month MCLR |
7.69% |
Six Month MCLR |
7.95% |
One Year MCLR |
8.29% |
RATES AT A QUICK GLANCE (w.e.f. Sep 16, 2019) DEPOSIT ACCOUNTS
Type of Accounts |
|
Rate of Interest |
A. Current |
|
Nil |
|
|
|
B. Savings |
|
4% |
Term Deposits - Corporate and Individuals (Amount < INR 1 Crore)
Tenure |
% |
7 – 14 days |
4.00 |
15 to less than 31 days |
4.50 |
31 to less than 91 days |
5.00 |
91 to less than 181 days |
5.75 |
181 to less than 366 days |
6.00 |
366 days and above |
6.00 |
Note: 1) The aforesaid interest rates are subject to change without notice. 2) For Terms and Conditions or for deposit amounts of Rs. 2 crores and above, please contact the Treasury Department.
Premature withdrawal of deposits: If customer would like to terminate fixed deposits before its due date, rates applicable for fixed deposits would be deposits rates published by the bank for the respective maturity minus 1%. However, if deposits are terminated Before 7 days no interest would be paid to customer.
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