Administrative Office: ' Mahaveer ', Shree Shahu Market Yard, Kolhapur 416 008.

Notice
Attention of customers/public is invited on the changes in interest rates Fixed Deposits with effect from April 25, 2016
Deposits less than Rs.1 crore

Deposits of Rs. 1 crore and above less than

Rs. 3 crore
Interest
*Effective
*Effective
Rates (%) Annualised Annualised rate
Rate %
% for Senior
Citizen

Deposits of Rs. 3 crore and above upto Rs.

5 crore
Interest
*Effective
*Effective
Rates (%) Annualised Annualised rate
Rate %
% for Senior
Citizen

Period of Deposit

Interest
Rates
(%)

*Effective
Annualised
Rate %

*Effective
Annualised rate
% for Senior
Citizen

7 days to 14 days

5.25

5.25

5.75

6.00

6.00

6.5

6.00

6.00

6.50

15 days to 45 days

5.25

5.25

5.75

6.00

6.00

6.5

6.00

6.00

6.50

46 days to 90 days

7.00

7.00

7.50

7.00

7.00

7.5

7.00

7.00

7.50

91 days to 180 days

7.25

7.25

7.75

7.25

7.25

7.75

7.25

7.25

7.75

7.50
7.62
8.14
7.50
7.62
8.14
7.50
7.62
8.14
181 days to 240 days
8.00
8.24
8.77
8.00
8.24
8.77
7.90
8.14
8.67
241 days to 364 days
12 months to less than 24
8.25
8.51
9.04
8.05
8.30
8.83
7.90
8.14
8.67
months
24 months to less than 36
8.75
9.04
9.58
8.25
8.51
9.04
8.00
8.24
8.77
months
36 months to less than 60
8.50
8.77
9.31
8.25
8.51
9.04
8.00
8.24
8.77
months
60 months to less than 120
8.50
8.77
9.31
8.25
8.51
9.04
8.00
8.24
8.77
months
8.25
8.51
9.04
8.25
8.51
9.04
8.00
8.24
8.77
120 months to 240 months
Note:
Senior citizens are entitled to get 0.50% extra for all buckets.
*computed as Effective Annual yield
On premature withdrawal of the deposit, interest shall be paid at the rate that was applicable on the date the deposit was placed and only for the period for
which the deposit is maintained with the Bank or the rate that was offered for the original contracted maturity, whichever is lower, subject to 1% penalty.
However there is no penalty for premature withdrawal of FD by senior citizens. For deposits above Rs. 5 crore please contact concerned branch staff
Payment of interest on monthly interval will be at discounted rate.
Above rates and tenure are also applicable for NRO deposits.Senior citizen rates are not applicable to NRO deposits
th

Interest rates on Deposits w.e.f. 25 April, 2016

Interest rates on Savings Deposit (including NRE Savings).

Daily balance

Rate of Interest
w.e.f 08th July 2015
5.1% p.a
6.1% p.a
7.1% p.a

Up to Rs 1 lakh
Above Rs 1 lakh upto Rs. 10 lakh *
Above Rs 10 lakh upto Rs. 5 Crore *#

* On daily balances in excess of Rs. 1 Lac

# For amounts greater than Rs 5 Crore, please contact the branch or your designated Relationship Manager.

Applicability of rate of interest will be based on daily balances and calculation will be done on slab basis.
Flexi Fix Deposits (FFD) products:
Interest rates for Flexi Fixed Deposits will be same as on Regular Fixed Deposits for respective Tenor.
Rate of Interest on Ratna Tax Saving Scheme will be as underNo.
1

Period
60 months to 120 months

Regular

Senior Citizen

8.50

9.00

Rate of Interest on Non-Resident External (Rupee) Deposits will be as underSr. No.

Period of Deposit

Less than Rs.1

crore

Rs. 1 crore and above

less than Rs. 3 crore

1
2
3
4
5

12Months < 24 Months

24 Months < 36 Months
36 Months < 60 Months
60 Months < 120 Months
120 Months to 240 Months

8.25
8.75
8.50
8.50
8.25

8.05
8.25
8.25
8.25
8.25

Rs. 3 crore and

above upto Rs. 5
crore
7.90
8.00
8.00
8.00
8.00

Benefit of higher interest rates for Senior citizen deposits (as applicable to domestic deposits) will not be available to NRE deposits.
th

Interest rates on Deposits w.e.f. 25 April, 2016

Notice
Attention of customers/public is invited on the changes in interest rates Fixed Deposits with
effect from May 3, 2016Period
1 year and above but less than 2 years
2 years and above but less than 3 years
3 years and above but less than 4 years
4 years and above but less than 5 years
5 years

USD

GBP

EUR

AUD

SGD

JPY

CAD

1.80
2.12
2.09
2.20
2.31

1.64
1.87
1.96
2.05
2.14

0.38
0.37
0.92
0.97
1.06

2.83
2.79
3.08
3.39
3.39

2.46
2.64
3.04
3.17
3.28

1.06
0.60
0.89
0.41
2.95

1.98
2.04
2.32
2.37
2.43

Notes:
- Deposits are acceptable for tenor of 1 to 5 years.
- Deposits are to be accepted for a minimum period of 1 year.
- No interest will be payable for deposits that have remained with the bank for less than one year.
- On pre-mature withdrawal of the Deposit after completion of 1 year, interest will be calculated
at the rate applicable for the period the Deposit has actually remained with the Bank, subjected
to a penalty of 1%. The Interest rates offered on FCNR deposits are linked to LIBOR, hence in certain
scenarios, Interest rates offered may be less than the premature penalty levied. Please ask the Branch
staff for more details.
- Benefit of higher interest rates for Senior citizen deposits ( as applicable to domestic deposits
will not be available to FCNR deposits).
- No additional interest of 1% to be paid to existing and retired banks staff.