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DOMESTIC DEPOSITS (Also applicable for NRO Accounts)

Interest rate on Domestic Deposits w.e.f 20th January 2017

Period	Single Deposit less than Rs.100.00 lacs
	General	Senior Citizens*
7 days to 45 days	4.00%	4.50%
46 days to less than 1 year	6.00%	6.50%
1 year to 2 years	6.75%	7.25%
Above 2 years to up to and incl.10 years	6.50%	7.00%
Tax Gain	6.50%	7.00%
Rates for single deposit of Rs.100 lacs & above and Premature closure penalty thereon to be obtained from Head Office - (Treasury Dept.) on a daily basis.

* 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.

DOMESTIC SAVINGS ACCOUNT(Also Applicable for NRO Accounts)

Period	Rate
Savings Bank A/c (w.e.f 03.05.2011)	4.00% per annum

NRE DEPOSITS

Interest rate on NRE Deposits with effect from 20th January 2017

Period	Single Deposit less than Rs.100 lacs
1 year to 2 years	6.75% p.a
Above 2 years to up to and incl.10 years	6.50% p.a
Rates for single deposit of Rs.100 lacs & above and Premature closure penalty thereon to be obtained from Head Office - (Treasury Dept.) on a daily basis.

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.100 lacs.

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

Interest rate on Non Callable Domestic / NRO and NRE Deposits w.e.f 20th January 2017

Period	Single Deposit above Rs. 15.00 lakhs and less than Rs.100.00 lakhs
	General	Senior Citizens*
15 Months ( SIB MAXIMO)	6.80%	7.30%
*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 1st May 2017

Period	USD	GBP	EURO	AUD	CHF	JPY	CAD
1 year to less than 2 years	2.64%	1.62%	1.05%	3.04%	0.61%	1.29%	2.45%
2 years to less than 3 years	2.58%	1.57%	0.87%	2.87%	0.37%	1.04%	2.10%
3 years to less than 4 years	2.72%	1.64%	0.98%	3.01%	0.49%	1.04%	2.21%
4 years to less than 5 years	2.82%	1.72%	1.09%	3.33%	0.59%	1.06%	2.31%
5 years	2.92%	1.80%	1.22%	3.46%	0.70%	1.08%	2.40%

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 1st May 2017

Period	USD	GBP	EURO	AUD	CHF	JPY
1 year to less than 2 years	2.64%	1.62%	1.05%	3.04%	0.61%	1.29%
2 years to less than 3 years	2.58%	1.57%	0.87%	2.87%	0.37%	1.04%
3 years	2.72%	1.64%	0.98%	3.01%	0.49%	1.04%

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.

*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.100 lakhs)
Period	General		Senior Citizen
Period	ROI	Annualized Yield	ROI	Annualized Yield
6 months	6.00%	6.04%	6.50%	6.55%
1 year	6.75%	6.92%	7.25%	7.45%
2 years	6.75%	7.16%	7.25%	7.73%
3 years	6.50%	7.11%	7.00%	7.71%
4 years	6.50%	7.36%	7.00%	8.00%
5 years	6.50%	7.61%	7.00%	8.30%
6 years	6.50%	7.87%	7.00%	8.61%
7years	6.50%	8.15%	7.00%	8.93%
8years	6.50%	8.44%	7.00%	9.28%
9years	6.50%	8.74%	7.00%	9.64%
10years	6.50%	9.06%	7.00%	10.02%

Annualized Rate of Return at minimum quarterly multiple of the maturity bucket for NRE KND* Deposits
Period	ROI		Annualized Yield
1 year	6.75%		6.92%
2 years	6.75%		7.16%
3years	6.50%		7.11%
4years	6.50%		7.36%
5years	6.50%		7.61%
6years	6.50%		7.87%
7years	6.50%		8.15%
8years	6.50%		8.44%
9years	6.50%		8.74%
10years	6.50%		9.06%
* KND Deposits shall be opened with maturity of quarterly multiples only.

* 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 May 2017, please click here

Base Rate

Base Rate (BR) 10.00% (w.e.f 11.11.2015)

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	1 year MCLR + 0.00%
2	Loan to Business Correspondents	1 year MCLR + 0.30%
3	SIB Vyapar (Limits of Rs.5 lakhs upto and incl. Rs. 10 lakhs)	1 year MCLR + 1.70%
4	SIB Vyapar (Limits above Rs. 10 lakhs upto and incl Rs.5 crores with SIB AAA /White 1/ Exempt or SIB AA/White 2 rating)	1 year MCLR + 1.70%
5	SIB Vyapar (Limits above Rs. 10 lakhs upto and incl Rs. 5 crores with SIB A/White 3 rating)	1 year MCLR + 2.20%
6	SIB Vyapar (Limits above Rs. 10 lakhs upto and incl Rs. 5 crores with SIB BBB/ Grey 1 rating)	1 year MCLR + 2.70%
7	SIB Vyapar (Limits above Rs. 10 lakhs upto and incl Rs. 5 crores with SIB BB/Grey 2 & below rating and "Treated as Unrated" status assigned by IRMD)	1 year MCLR + 3.20%
8	Mobiloan Scheme -Upto Rs. 5.00 lacs	1 year MCLR + 1.00%
9	Mobiloan Scheme -Above Rs. 5.00 lacs	1 year MCLR + 0.05%
10	Flexiloan Scheme	1 year MCLR + 3.80%
11	Rental Scheme	1 year MCLR + 4.80%
12	Modified Education Loan (Vitjnan Pradhan) Scheme Loans upto & incl. Rs 7.50 lakhs (For Boys)	1 year MCLR + 3.50%
13	Modified Education Loan (Vitjnan Pradhan) Scheme?Loans upto & incl. Rs 7.50 lakhs (For Girls)	1 year MCLR + 3.00%
14	Modified Education Loan (Vitjnan Pradhan) Scheme Loans above Rs 7.50 lakhs (For Boys)	1 year MCLR + 3.00%
15	Modified Education Loan (Vitjnan Pradhan) Scheme Loans above Rs 7.50 lakhs (For Girls)	1 year MCLR + 2.50%
16	Vidyanidhi	1 year MCLR + 5.20%
17	SIB Excellence upto Rs.10 Lakhs	1 year MCLR + 1.10%
18	SIB Excellence above Rs.10 Lakhs	1 year MCLR + 2.10%
19	EDUSUM- Loans upto and including Rs. 4 Lakhs	1 year MCLR + 5.80%
20	EDUSUM- Loans above Rs. 4 Lakhs	1 year MCLR + 6.30%
21	Skill Loan Scheme	1 year MCLR + 3.00%
22	Overdraft Against Property (ODAP)	1 year MCLR + 2.00%
23	SIB Pharma Plus ( With rating SIB A/White 3 & above/Exempt)	1 year MCLR + 1.30%
24	SIB Pharma Plus ( With rating SIB BBB/Grey 1/Unrated)	1 year MCLR + 1.80%
25	SIB Pharma Plus ( With rating SIB BB/Grey 2 & below)	1 year MCLR + 2.80%
26	SIB Decor	1 year MCLR + 3.00%
27	SIB Mini Rental Scheme	1 year MCLR + 2.50%
28	SIB Swarnanidhi Loan (General Public)	1 year MCLR + 2.70%
29	Gold Power-Indvidual	1 year MCLR + 1.65%
30	Gold Power-Business/Self employed	1 year MCLR + 1.65%
31	Gold Power-Re-pledge	1 year MCLR + 1.65%

Schematic Loans (Fixed Rate)

Sl No:	Category	Interest rate
1	Gold Rush Scheme	11.00%
2	Gold Max Scheme (For other purpose)	11.00%
3	Gold Max Scheme (For agricultural purposes )	10.50%
4	Gold Loan General	11.00%
5	Gold Loan Agri	10.50%
6	Gold Loan Agri up to & incl 3 lakhs-Interest Subvention	7.00%
7	Gold Loan - Other Priority Sector (other than Agriculture Gold loan)	11.00%
8	Gold Max Plus	11.00%
9	Gold Loan Monthly Interest Payment	11.00%
10	SIB Personal Loan Scheme.	13.00%

INTEREST RATE RANGE AND ANNUAL PERCENTAGE RATE

Interest Rate Range and Mean Interest Rate

Interest Rate Range of contracted loans for the past quarter (January - March 2017) for different categories of advances granted to individual borrowers:
Category	Mean Interest	Interest rate range*
Housing Loan	9.23%	9.10% - 10.60%
Mobi Loan	9.56%	9.10% - 11.30%
Gold Loan (General)	10.37%	10.05% - 12.50%
Gold loan (Agri)	9.68%	7.00% - 10.50%
Educational Loan	12.56%	9.10% - 15.65%
Personal Loan	12.27%	10.25% - 15.00%
SIB Flexi Loan	12.50%	9.80% - 13.60%
OD against property	11.07%	9.10% - 12.95%
SIB Decor	11.68%	9.75% - 12.80%
SIB Mini Rental Scheme	11.53%	10.60% - 12.30%

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

Annual Percentage Rate

Annual Percentage Rate represents the total cost a borrower might incur in getting a credit facility from the bank (Based on past quarter Jan - Mar 2015):
Sl. No	Nature of Loan	*APR cost of credit Per Lakh (One Time)**
1	Housing loan	0.49 % of loan amount + Property Valuation Charges + LSR Fee extra
2	Mobi Loan	0.43% of loan amount + Property Valuation Charges, CERSAI Fee & LSR Fee extra [applicable only if collateral taken]
3	Gold Loan (General)	0.15% of loan amount
4	Gold Loan (Overdraft)	0.20% of loan amount
5	Gold Loan (Agriculture)	Nil
6	Flexi Loan	0.54% of loan amount + Property Valuation Charges + LSR Fee extra
7	Personal Loan	0.50% of loan amount
8	Education Loan	0.15% of loan amount

*Subject to change according to nature and quantum of loan

BULK DEPOSIT

Interest rate for Domestic/NRO Deposits of Rs 100 Lakh to less than 500 Lakh (for 25/05/2017)
Tenor	Interest rate% p.a.
7 days to 14 days	4.00%
15 days to 45 days	4.50%
46 days to 90 days	6.00%
91 days to 180 days	6.40%
181 days to 364 days	6.45%
1 year	6.60%
Above 1 year to upto 2 years	6.50%

NRE Deposits of Rs 100 Lakh to less than 500 Lakh
Tenor	Interest rate% p.a.
1 year	6.60%
Above 1 year to upto 2 years	6.50%

Terms & conditions

1.The above rates are subject to change without notice.

2.Interest rate on Bulk deposit above Rs 5 crore – to be taken from Branch

3.No additional interest will be paid for Senior citizen.

4.Premature closure penalty charges 1%.

5. For other terms and conditions – contact nearest branch