Revised MCLR - Effective from Nov 15, 2019 are as follows:
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Revised MCLR - Effective from Nov 15, 2019 are as follows:
Particulars |
MCLR Rates |
Overnight MCLR |
6.77% |
One month MCLR |
6.95% |
Three month MCLR |
7.10% |
Six Month MCLR |
7.15% |
One Year MCLR |
7.40% |
RATES AT A QUICK GLANCE (w.e.f. Oct 18, 2019)
DEPOSIT ACCOUNTS
Type of Accounts |
Rate of Interest |
A. Current |
Nil |
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B. Savings |
3.50% |
Term Deposits - Corporate and Individuals (Amount < INR 2 Crore)
Tenure |
% |
7 – 14 days |
3.50 |
15 to less than 31 days |
4.00 |
31 to less than 91 days |
4.50 |
91 to less than 181 days |
5.00 |
181 to less than 366 days |
5.25 |
366 days and above |
5.25 |
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, Banking/Business Departments should get the rates from Treasury and should quote accordingly to the customers.
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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