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DOMESTIC TERM DEPOSITS (Also applicable for NRO Accounts)

Interest rate on Domestic Term Deposits w.e.f 18th September 2019

Period	Single Deposit less than Rs.2 crore
	General	Senior Citizens*
7 days to 45 days	4.00%	4.50%
46 days to 90 days	6.00%	6.50%
91 days	6.35%	6.85%
92 days to 180 days	6.50%	7.00%
181 days to less than 1 year	6.35%	6.85%
1 Year to less than 2 years	7.05%	7.55%
2 years	7.30%	7.80%
Above 2 years to up to and including 10 years	7.00%	7.50%
Tax Gain (5 years)	7.00%	7.50%

* Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen. Penalty is applicable for premature closure of deposits for withdrawal as well as for reinvestment of Term Deposits including Recurring Deposits and Daily Savings Deposits at the rate of 0.50% for deposit amounts below Rs.15 lakhs and 1% for deposit amounts of Rs.15 lakhs and above. The effective rate will be the net of applicable rate for the period of deposit remained with bank (less the penal rate) or the net of original contracted rate (less penal rate) whichever is less.

ALL SAVINGS ACCOUNTS (Also Applicable for NRO/ NRE Accounts)

Interest rate on Savings Accounts w.e.f 22nd August 2019

End of the day Balance	Rate of Interest
Up to and including Rs 50.00 lakh	3.50% per annum
Above Rs. 50 lakhs - Up to and including Rs. 5 crore	4.00% per annum
Above Rs. 5 crore - Up to and including Rs. 50 crore	6.40% per annum
Above Rs. 50 crore and less than Rs. 100 crore	6.60% per annum
Rs.100 crore and above	7.00% per annum

NRE TERM DEPOSITS

Interest rate on NRE Term Deposits with effect from 18th September 2019

Period	Single Deposit less than Rs.2 crore
1 Year to less than 2 years	7.05%p.a
2 years	7.30%p.a
Above 2 years to up to and including 10 years	7.00%p.a

Ø The revised rates will apply only to fresh deposits and on renewal of maturing deposits.

Ø No interest will be paid if closed within one year.

Ø No additional interest will be paid for Senior Citizens under NRE Term deposit schemes.

Ø There is no premature closure penalty charge for NRE Term deposits less than Rs.2 crore

NON CALLABLE DEPOSITS (Applicable for Domestic / NRO and NRE Accounts)

Interest rate on Non Callable Domestic / NRO and NRE Deposits w.e.f 18th September 2019

Period	Single Deposit above Rs. 15.00 lakhs and less than Rs.2 crore
	General	Senior Citizens*
15 Months ( SIB MAXIMO)	7.05%	7.55%
*Special interest rate for Senior Citizens is not applicable to NRO and NRE customers.

FCNR(B) DEPOSITS

Interest rate per annum on FCNR(B) Deposits with effect from 01st September 2019

Currency wise units	Less than 250,000			250,000-500,000			Above 500,000
Maturity period/Currency	USD	GBP	EUR	USD	GBP	EUR	USD	GBP	EUR
1 Year to less than 2 Year	2.85%	1.72%	0.56%	2.95%	1.82%	0.66%	3.05%	1.92%	0.76%
2 Year to less than 3 Year	2.54%	1.65%	0.45%	2.54%	1.65%	0.45%	2.54%	1.65%	0.45%
3 Year to less than 4 Year	2.42%	1.62%	0.44%	2.42%	1.62%	0.44%	2.42%	1.62%	0.44%
4 Year to less than 5 Year	2.37%	1.60%	0.45%	2.37%	1.60%	0.45%	2.37%	1.60%	0.45%
5 Year	2.34%	1.59%	0.48%	2.34%	1.59%	0.48%	2.34%	1.59%	0.48%

Maturity period/Currency	AUD	CHF	JPY	CAD
1 Year to less than 2 Year	1.89%	0.14%	0.98%	3.55%
2 Year to less than 3 Year	1.73%	0.05%	0.88%	2.65%
3 Year to less than 4 Year	1.73%	0.02%	0.86%	2.59%
4 Year to less than 5 Year	1.82%	0.06%	0.84%	2.56%
5 Year	1.86%	0.12%	0.84%	2.53%

Ø There is no pre closure penalty for FCNR(B) deposits.

Ø No interest will be paid if closed within one year and one day (366days).

RFC ACCOUNT

Interest rate per annum on RFC Deposits with effect from 01st September 2019

Currency wise units	Less than 250,000			250,000-500,000			Above 500,000
Maturity period/Currency	USD	GBP	EUR	USD	GBP	EUR	USD	GBP	EUR
1 Year to less than 2 Year	2.85%	1.72%	0.56%	2.95%	1.82%	0.66%	3.05%	1.92%	0.76%
2 Year to less than 3 Year	2.54%	1.65%	0.45%	2.54%	1.65%	0.45%	2.54%	1.65%	0.45%
3 Year	2.42%	1.62%	0.44%	2.42%	1.62%	0.44%	2.42%	1.62%	0.44%

Maturity period/Currency	AUD	CHF	JPY
1 Year to less than 2 Year	1.89%	0.14%	0.98%
2 Year to less than 3 Year	1.73%	0.05%	0.88%
3 Year	1.73%	0.02%	0.86%

RFC SAVINGS ACCOUNT

	USD	GBP	EURO	AUD	CHF	JPY
Savings Bank A/c( w.e.f 11.11.2015)	0.50%	0.50%	0.50%	-	-	-

Effective Annualized Rate of Return (Indicative only)

In keeping with Reserve Bank of India guidelines to provide information on effective annualized rate of return on deposits of various maturities, the annualized rate of return for the Kalpakanidhi* (KND- Quarterly Compounding) deposits are indicated.

Period	General		Senior Citizen
*Annualized Rate of Return at minimum quarterly multiple of the maturity bucket for Kalpakanidhi (KND - Quarterly Compounding) Domestic Deposits (Also Applicable for NRO KND Deposits)**
(For Single deposits of less than Rs.2 crore)
Period	ROI	Annualized Yield	ROI	Annualized Yield
6 months	6.50%	6.55%	7.00%	7.06%
1 year	7.05%	7.24%	7.55%	7.77%
2 years	7.30%	7.78%	7.80%	8.35%
3 years	7.00%	7.71%	7.50%	8.32%
4 years	7.00%	8.00%	7.50%	8.65%
5 years	7.00%	8.30%	7.50%	9.00%
6 years	7.00%	8.61%	7.50%	9.36%
7years	7.00%	8.93%	7.50%	9.75%
8years	7.00%	9.28%	7.50%	10.15%
9years	7.00%	9.64%	7.50%	10.58%
10years	7.00%	10.02%	7.50%	11.02%

Annualized Rate of Return at minimum quarterly multiple of the maturity bucket for NRE KND* Deposits
Period	ROI		Annualized Yield
1 year	7.05%		7.24%
2 years	7.30%		7.78%
3years	7.00%		7.71%
4years	7.00%		8.00%
5years	7.00%		8.30%
6years	7.00%		8.61%
7years	7.00%		8.93%
8years	7.00%		9.28%
9years	7.00%		9.64%
10years	7.00%		10.02%

* Special rates for Senior Citizens, applicable only to Residents individually or jointly with another resident citizen.

DOMESTIC RATE OF INTEREST - GENERAL

Marginal Cost of funds based Lending Rate (MCLR) for different tenors

MCLRs effective from 20th September 2019, please click here

Base Rate

Base Rate (BR) 10.00% (w.e.f 20^th September 2018)

Benchmark Prime Lending Rate

Benchmark Prime Lending Rate (BPLR) 15.00% (w.e.f 11.11.2015)

SCHEMATIC LOANS

Schematic Loans (Floating Rate)

Sl No:	Category	Interest rate
1	Home Loan Scheme (Income Program, Repairs & renovation and Reimbursement)	1 year MCLR + 0.00% or 6 Month MCLR + 0.10%
	Home Loan Surrogate	1 Year MCLR+1.00% or 6 months MCLR+1.10%
	Home Loan Saver	1 Year MCLR+1.00%
	Housing Loan SMART (Income Program, Repairs & renovation and Reimbursement)	1 Year MCLR+0.50% or 6 months MCLR+0.60%
	Housing Loan SMART (Surrogate Program)	1 Year MCLR+1.00%
2	Loan to Business Correspondents	1 Year MCLR + 0.50%
3	SIB Car Loan (for new car)	1 Year MCLR to MCLR(1 Year) +1.25% Based on Bureau score
	SIB Car Loan (for used cars)	1Year MCLR+3.20% to 1 Year MCLR+7.20% (Based on Bureau score)
4	SIB Mobiloan Commercial /Agricultural (for new vehicles)	1 Year MCLR + 2.90% to 1 Year MCLR + 3.90%
	SIB Mobiloan Commercial /Agricultural (for used vehicles)	1 Year MCLR+3.40% to 1 Year MCLR+4.40%
5	SIB Rental	1 Year MCLR + 2.50%
6	Vitjnan Pradhan Scheme Up to Rs. 7.50 Lacs (For Boy Students)	1 year MCLR + 3.50%
	Vitjnan Pradhan Scheme Up to Rs. 7.50 Lacs (For Girl Students)	1 year MCLR + 3.00%
	Vitjnan Pradhan Scheme above Rs. 7.50 Lacs (For Boy Students)	1 year MCLR + 3.00%
	Vitjnan Pradhan Scheme above Rs. 7.50 Lacs (For Girl Students)	1 year MCLR + 2.50%
7	Vidyanidhi	1 year MCLR + 5.20%
8	SIB Excellence	6 month MCLR to 1 Year MCLR
9	EDUSUM- Loans upto and including Rs. 4 Lakhs	1 year MCLR + 5.80%
	EDUSUM- Loans above Rs. 4 Lakhs	1 year MCLR + 6.30%
10	SIB Global Education (above Rs. 20.00 Lakhs up to Rs. 75.00 Lakhs)	1 Year MCLR + 2.50%
	SIB Global Education (above Rs. 75.00 Lakhs up to Rs. 150.00 Lakhs)	1 Year MCLR + 2.00%
11	Skill Loan Scheme	1 year MCLR + 3.00%
12	SIB Pharma Plus	1 year MCLR + 0.80% to 1 year MCLR + 2.80% (Based on rating score card/borrower rating)
13	SIB Decor	1 year MCLR + 3.00%
14	SIB Mini Rental Scheme	1 year MCLR + 2.50%
15	Gold Power (Other than Repledge)	1 year MCLR + 1.40%
	Gold Power-Re-pledge	1 year MCLR + 1.40%
	Gold Power NEO (Max, Plus, Mini)	1 year MCLR + 1.40%
16	SIB Loan For Purchasing Commercial Property	1 Year MCLR + 2.00%
17	SIB Business Loan (income program) SIB Business Loan (non income program)	1 Year MCLR + 4.20% to 1 Year MCLR + 6.20% 1 Year MCLR + 6.20% to 1 Year MCLR + 8.20%
18	SME Composite Loan	1 Year MCLR + 0.50% to 1 Year MCLR + 2.50% (Based on rating score/borrower rating)
19	Trader's Overdraft	1 Year MCLR + 0.50% to 1 Year MCLR + 2.50% (Based on rating score/borrower rating)
20	SIB Tourism Plus	1 Year MCLR to 1 Year MCLR + 3.00% (based on borrower rating)
21	SIB Travel Agent Scheme	1 Year MCLR + 1.00% to 1 Year MCLR + 2.50% (Based on availability of collateral)
22	SIB Personal Loan Scheme (Income program)	1 Year MCLR + 2.70% to 1 Year MCLR + 5.20% (Based on Bureau score)
	SIB Personal Loan Scheme (Non Income program)	1 Year MCLR + 2.20% to 1 Year MCLR + 4.70% (Based on Bureau score)
23	Two Wheeler Loan	1 Year MCLR+3.00% to 1 Year MCLR+5.00% (Based on Bureau score)
24	SIB Superbike	1 Year MCLR+0.60% to 1 Year MCLR+1.10% (Based on Bureau score)
25	Mortgage Loan	1 Year MCLR+1.25% to 1 Year MCLR+2.50% (Based on Bureau score/rating)
26	SIB GST Business Loan	1 Year MCLR+0.50% to 1 Year MCLR+2.50% (Based on rating score card/borrower rating)
27	MSME Star	1 Year MCLR+0.50% to 1 Year MCLR+2.50% (Based on rating score card/borrower rating)

Schematic Loans (Fixed Rate)

Sl No:	Category	Interest rate
1	Gold Max Scheme (For other purpose) (6 month)	6 Month MCLR + 1.30%
2	Gold Max Scheme (For agricultural purposes)	6 Month MCLR + 0.60%
3	Gold Loan General	1 Year MCLR + 0.90%
4	Gold Loan Agri	1 Year MCLR + 0.15%
5	Gold Loan Agri up to & incl 3 lakhs-Interest Subvention	7%
6	Gold Loan - Other Priority Sector	1 Year MCLR + 0.90%
7	Gold Max Plus (3 months)	3 Month MCLR + 1.40%
8	Gold Loan Monthly Interest Payment	1 Year MCLR + 0.90%
9	SIB Travel Delight	1 Year MCLR + 2.00% to 1 Year MCLR + 4.50% (Based on availability of collateral)

INTEREST RATE RANGE AND ANNUAL PERCENTAGE RATE

Interest Rate Range and Mean Interest Rate

Interest Rate Range of contracted loans for the past quarter (April -June 2019) for different categories of advances granted to individual borrowers:
Category	Mean Interest	Interest rate range*
SIB Home Loan	9.28%	9.00% - 11.60%
Mortgage Loan	11.28%	9.50% - 12.05%
Car Loan	9.62%	9.45% - 15.65%
Gold Loan (General)	10.37%	10.15% - 12.15%
Gold loan (Agri)	9.44%	7.00% - 9.65%
Educational Loan	12.29%	9.00% - 15.80%
Personal Loan	13.47%	10.60% - 14.70%
Loan against property	11.23%	10.10% - 11.95%
Loan against commercial property	11.34%	10.95% - 11.50%
OD against property	11.28%	9.45% - 11.55%
SIB Decor	12.49%	12.45% - 12.50%
SIB Mini Rental Scheme	11.77%	10.45% - 12.00%
SIB Super Bike Loan	11.10%	11.10% - 11.10%
Two wheeler loan	13.24%	10.05% - 14.50%
Mobi Loan Commercial	11.80%	9.45% - 13.35%

*Minimum & Maximum rate of interest is charged as per past quarter

Annual Percentage Rate

Annual Percentage Rate (updated as on 24.06.2019)

ADDITIONAL INTEREST FOR OVERDUE ACCOUNTS

An additional interest to all borrowal accounts will be charged if the account is in overdue, as mentioned below,

Sl No	Overdue days between	Category	Additional Interest charged
1.	31 - 60 days	SMA - 1	Existing/Contracted Rate of Interest + 0.50%
2.	61 - 90 days	SMA - 2	Existing/Contracted Rate of Interest + 1.00%

The following type of accounts are excluded from the above guidelines;

a) Agriculture loans.

b) Gold Loans

c) FSLDs

d) Simple Interest Loans

e) Staff Loans.

f) FBP and Packing Credit.

The norms are applicable to all borrowal accounts except stated above irrespective of the exposure.

Bulk Deposit

Interest rates for Resident Term Deposits of Rs.2 Crore and above w.e.f 21.09.2019

Tenor	Rs.2.00 Cr to less than Rs.5.00 Cr	Rs.5.00 Cr to less than Rs.10.00 Cr	Rs.10.00 Cr to less than Rs.25.00 Cr	Rs.25 Cr to less than Rs.50.00 Cr	Rs.50.00 Cr to less than Rs. 100 cr	Rs. 100 cr and above
7-14 Days	4.50%	4.50%	4.50%	4.50%	4.50%	4.50%
15-30Days	4.70%	4.70%	4.70%	4.70%	4.70%	4.70%
31-60 Days	5.35%	5.35%	5.35%	5.35%	5.35%	5.35%
61- 89 Days	5.60%	5.60%	5.60%	5.60%	5.60%	5.60%
90-180 Days	5.80%	5.80%	5.80%	5.80%	5.80%	5.80%
181 days to less than 1 year	6.10%	6.10%	6.10%	6.10%	6.10%	6.10%
1 Year	7.05%	7.00%	7.00%	7.00%	7.00%	7.00%
1 Year 1 day to 370 Days	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%
Above 370 Days to up to and including 2 Years	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%
Above 2 Years to up to and including 3 Years	7.05%	7.05%	7.05%	7.05%	7.05%	7.05%
Above 3 Years to up to and including 5 Years	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%
Above 5 Years to up to and including 10 Years	7.00%	7.00%	6.90%	6.90%	6.90%	6.90%

Terms & condition

Ø The above rates are subject to change without notice.

Ø No additional interest will be paid to Senior citizen for deposits of Rs.2.00 Crore and above

Ø Premature closure penalty charges of 1% is applicable

NRE Bulk Deposit

Interest rates for NRE Term Deposits of Rs.2 Crore and above w.e.f 21.09.2019

Tenor	Rs.2.00 Cr to less than Rs.5.00 Cr	Rs.5.00 Cr to less than Rs.10.00 Cr	Rs.10.00 Cr to less than Rs.25.00 Cr	Rs.25 Cr to less than Rs.50.00 Cr	Rs.50.00 Cr to less than Rs.100.00 cr	Rs.100.00 Cr and above
1 Year	7.05%	7.00%	7.00%	7.00%	7.00%	7.00%
1 Year 1 day to 370 Days	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%
Above 370 Days to up to and including 2 Years	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%
Above 2 Years to up to and including 3 Years	7.05%	7.05%	7.05%	7.05%	7.05%	7.05%
Above 3 Years to up to and including 5 Years	7.00%	7.00%	7.00%	7.00%	7.00%	7.00%
Above 5 Years to up to and including 10 Years	7.00%	7.00%	6.90%	6.90%	6.90%	6.90%

Terms & condition

Ø The above rates are subject to change without notice.

Ø No additional interest will be paid to Senior citizen for deposits of Rs.2.00 Crore and above

Ø Premature closure penalty charges of 1% is applicable