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DOMESTIC TERM DEPOSITS (Also applicable for NRO Accounts)

Interest rate on Domestic Term Deposits w.e.f 22nd October 2018

Period	Single Deposit less than Rs.100.00 lacs
	General	Senior Citizens*
7 days to 45 days	4.00%	4.50%
46 days to 91 days	6.00%	6.50%
92 days to 499 days	6.90%	7.40%
500 days	7.60%	8.10%
501 days to upto and incl. 3 years	7.10%	7.60%
Above 3 years to up to and incl.5 years	7.00%	7.50%
Above 5 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.

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

Interest rate on Savings Accounts w.e.f 1st May 2018

End of the day Balance	Rate of Interest
Up to Rs. 1 lakh	3.50% per annum
Above Rs. 1 lakh to less than Rs. 5 crore	4.00% per annum
Rs. 5 crore to less than Rs. 50 crore	6.40% per annum
Rs. 50 crore and above	6.60% per annum

NRE TERM DEPOSITS

Interest rate on NRE Term Deposits with effect from 22nd October 2018

Period	Single Deposit less than Rs.100 lacs
1 year to 499 days	6.90% p.a
500 days	7.60% p.a
501 days to upto and incl 3 years	7.10% p.a
Above 3 years to up to and incl.5 years	7.00% p.a
Above 5 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 24th September 2018

Period	Single Deposit above Rs. 15.00 lakhs and less than Rs.100.00 lakhs
	General	Senior Citizens*
15 Months ( SIB MAXIMO)	6.95%	7.45%
*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 November 2018

Currency wise/ Units	Less than 100,000			100,000 to 250,000			Above 250,000
Maturity period/ Currency	USD	EUR	GBP	USD	EUR	GBP	USD	EUR	GBP
1 year to less than 2 years	3.93%	0.84%	1.98%	3.98%	0.89%	2.03%	4.03%	0.94%	2.08%
2 years to less than 3 years	4.05%	0.89%	2.12%	4.05%	0.89%	2.12%	4.05%	0.89%	2.12%
3 years to less than 4 years	4.08%	1.04%	2.22%	4.08%	1.04%	2.22%	4.08%	1.04%	2.22%
4 years to less than 5 years	4.11%	1.20%	2.30%	4.11%	1.20%	2.30%	4.11%	1.20%	2.30%
5 years	4.12%	1.35%	2.36%	4.12%	1.35%	2.36%	4.12%	1.35%	2.36%

Maturity Period/Currency	AUD	CHF	JPY	CAD
1 year to less than 2 years	3.01%	0.46%	1.09%	3.60%
2 years to less than 3 years	3.04%	0.49%	1.07%	3.70%
3 years to less than 4 years	3.11%	0.64%	1.09%	3.76%
4 years to less than 5 years	3.37%	0.79%	1.11%	3.79%
5 years	3.47%	0.93%	1.14%	3.81%

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 November 2018

Currency wise/ Units	Less than 100,000			100,000 to 250,000			Above 250,000
Maturity period/ Currency	USD	EUR	GBP	USD	EUR	GBP	USD	EUR	GBP
1 year to less than 2 years	3.93%	0.84%	1.98%	3.98%	0.89%	2.03%	4.03%	0.94%	2.08%
2 years to less than 3 years	4.05%	0.89%	2.12%	4.05%	0.89%	2.12%	4.05%	0.89%	2.12%
3 years	4.08%	1.04%	2.22%	4.08%	1.04%	2.22%	4.08%	1.04%	2.22%

Maturity period/ Currency	AUD	CHF	JPY
1 year to less than 2 years	3.01%	0.46%	1.09%
2 years to less than 3 years	3.04%	0.49%	1.07%
3 years	3.11%	0.64%	1.09%

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	6.90%	6.96%	7.40%	7.47%
1 year	6.90%	7.08%	7.40%	7.61%
2 years	7.10%	7.56%	7.60%	8.13%
3 years	7.10%	7.84%	7.60%	8.45%
4 years	7.00%	8.00%	7.50%	8.65%
5 years	7.00%	8.30%	7.50%	9.00%
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	6.90%		7.08%
2 years	7.10%		7.56%
3years	7.10%		7.84%
4years	7.00%		8.00%
5years	7.00%		8.30%
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%

* 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 October 2018, 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%
2	Home Loan Scheme new variant (Income Program, Repairs & renovation and Reimbursement)	6 Month MCLR + 0.10%
3	Loan to Business Correspondents	1 Year MCLR + 0.50%
4	SIB Vyapar Rating AAA & AA	1 year MCLR + 1.70%
5	SIB Vyapar Rating A	1 year MCLR + 2.20%
6	SIB Vyapar Rating BBB	1 year MCLR + 2.70%
7	SIB Vyapar Rating Below BBB & Unrated	1 year MCLR + 3.20%
8	SIB Car Loan (for new car)	1 Year MCLR to MCLR(1 Year) +1.25% Based on Bureau score
9	SIB Mobiloan Commercial /Agricultural	1 Year MCLR + 2.90% to 1 Year MCLR + 4.40%
10	SIB Loan Against Property	1 Year MCLR + 1.25% to 1 Year MCLR + 2.50%
11	SIB Rental	1 Year MCLR + 2.50%
12	Vitjnan Pradhan Scheme Up to Rs. 7.50 Lacs (For Boy Students)	1 year MCLR + 3.50%
13	Vitjnan Pradhan Scheme Up to Rs. 7.50 Lacs (For Girl Students)	1 year MCLR + 3.00%
14	Vitjnan Pradhan Scheme above Rs. 7.50 Lacs (For Boy Students)	1 year MCLR + 3.00%
15	Vitjnan Pradhan Scheme above Rs. 7.50 Lacs (For Girl Students)	1 year MCLR + 2.50%
16	Vidyanidhi	1 year MCLR + 5.20%
17	SIB Excellence	6 month MCLR to 1 Year MCLR
18	EDUSUM- Loans upto and including Rs. 4 Lakhs	1 year MCLR + 5.80%
19	EDUSUM- Loans above Rs. 4 Lakhs	1 year MCLR + 6.30%
20	SIB Global Education	1 Year MCLR + 2.00% to 1 Year MCLR + 2.50%
21	SIB Vidhya Nidhi	1 Year MCLR + 5.20%
22	Skill Loan Scheme	1 year MCLR + 3.00%
23	Overdraft Against Property (ODAP)	1 year MCLR + 2.00%
24	SIB Pharma Plus ( With rating SIB A/White 3 & above/Exempt)	1 year MCLR + 1.30%
25	SIB Pharma Plus ( With rating SIB BBB/Grey 1/Unrated)	1 year MCLR + 1.80%
26	SIB Pharma Plus ( With rating SIB BB/Grey 2 & below)	1 year MCLR + 2.80%
27	SIB Decor	1 year MCLR + 3.00%
28	SIB Mini Rental Scheme	1 year MCLR + 2.50%
29	SIB Swarnanidhi Loan	1 year MCLR + 2.70%
30	Gold Power (Individual)	1 year MCLR + 1.40%
31	Gold Power (Business/ Self Employed)	1 year MCLR + 1.40%
32	Gold Power-Re-pledge	1 year MCLR + 1.40%
33	SIB Travel Delight	1 Year MCLR + 2.00% to 1 Year MCLR + 4.50% (Based on availability of collateral)
34	SIB Loan For Purchasing Commercial Property	1 Year MCLR + 2.00%
35	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%
36	SME Composite Loan	1 Year MCLR + 2.00% to 1 Year MCLR + 4.50%
37	Trader's Overdraft	1 Year MCLR + 2.25% to 1 Year MCLR + 3.50%
38	SIB Tourism Plus	1 Year MCLR + 0.25% to 1 Year MCLR + 3.00% (based on borrower rating)
39	SIB Travel Agent Scheme	1 Year MCLR + 1.00% to 1 Year MCLR + 2.50% (Based on availability of collateral)

Schematic Loans (Fixed Rate)

Sl No:	Category	Interest rate
1	Gold Rush Scheme	1 Year MCLR + 0.90%
2	Gold Max Scheme (For other purpose) (6 month)	6 Month MCLR + 1.30%
3	Gold Max Scheme (For agricultural purposes)	6 Month MCLR + 0.60%
4	Gold Loan General	1 Year MCLR + 1.15%
5	Gold Loan Agri	1 Year MCLR + 0.15%
6	Gold Loan Agri up to & incl 3 lakhs-Interest Subvention	1 Year MCLR - 2.35%
7	Gold Loan - Other Priority Sector	1 Year MCLR + 0.90%
8	Gold Max Plus (3 months)	3 Month MCLR + 1.40%
9	Gold Loan Monthly Interest Payment	1 Year MCLR + 0.90%
10	SIB Personal Loan Scheme	1 Year MCLR + 2.70% to 1 Year MCLR + 5.20% (Based on Bureau score)

INTEREST RATE RANGE AND ANNUAL PERCENTAGE RATE

Interest Rate Range and Mean Interest Rate

Interest Rate Range of contracted loans for the past quarter (July – September 2018) for different categories of advances granted to individual borrowers:
Category	Mean Interest	Interest rate range*
Housing Loan	8.98%	8.70% - 10.75%
Mobi Loan Commercial	10.09%	9.00% - 12.75%
Car Loan	9.37%	9.00% - 15.20%
Gold Loan (General)	10.36%	9.35% - 11.95%
Gold loan (Agri)	9.67%	7.00% - 10.00%
Educational Loan	12.26%	8.70% - 15.55%
Personal Loan	13.14%	9.25% - 14.55%
Loan against property	11.11%	9.25% - 11.85%
Loan against commercial property	10.60%	10.20% - 11.35%
OD against property	11.26%	8.00% - 21.35%
SIB Decor	11.92%	11.25% - 12.25%
SIB Mini Rental Scheme	11.49%	10.20% - 11.85%

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

Annual Percentage Rate

Annual Percentage Rate (updated as on 31.03.2018)

BULK DEPOSIT

Interest rate for Domestic/NRO Deposits of Rs 100 Lakh to less than 500 Lakh (w.e.f 12/11/2018)
Tenor	Interest rate% p.a.
7 days to 14 days	5.00%
15 days to 45 days	5.25%
46 days to 90 days	6.50%
91 days to 180 days	6.90%
181 days to 364 days	7.25%
1 year	7.60%
Above 1 year upto 2 years	7.35%

NRE Deposits of Rs 100 Lakh to less than 500 Lakh
Tenor	Interest rate% p.a.
1 year	7.60%
Above 1 Year upto 2 Years	7.35%

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