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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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