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    Submitted By:-: (GROUP-5)

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    Debendra Kumar Nayak
    The document compares interest rates offered by Oriental Bank of Commerce, Indusind Bank, and Orissa State Cooperative Bank on various banking products and loans. It finds that savings account interest rates are set at 3.5% by RBI across the three banks. Base lending rates start from 8.25% to 9% depending on the bank. Interest rates on fixed deposits vary across maturity periods but generally range from 3-13% annually depending on the amount deposited. Home, vehicle, education, and personal loan interest rates also vary with loan amount and tenure, with rates typically higher for private banks. Methods of interest calculation are also outlined.

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    Submitted By:-: (GROUP-5)

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    Debendra Kumar Nayak
    25 views18 pages
    The document compares interest rates offered by Oriental Bank of Commerce, Indusind Bank, and Orissa State Cooperative Bank on various banking products and loans. It finds that savings account interest rates are set at 3.5% by RBI across the three banks. Base lending rates start from 8.25% to 9% depending on the bank. Interest rates on fixed deposits vary across maturity periods but generally range from 3-13% annually depending on the amount deposited. Home, vehicle, education, and personal loan interest rates also vary with loan amount and tenure, with rates typically higher for private banks. Methods of interest calculation are also outlined.

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    The document compares interest rates offered by Oriental Bank of Commerce, Indusind Bank, and Orissa State Cooperative Bank on various banking products and loans. It finds that savings account interest rates are set at 3.5% by RBI across the three banks. Base lending rates start from 8.25% to 9% depending on the bank. Interest rates on fixed deposits vary across maturity periods but generally range from 3-13% annually depending on the amount deposited. Home, vehicle, education, and personal loan interest rates also vary with loan amount and tenure, with rates typically higher for private banks. Methods of interest calculation are also outlined.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    25 views18 pages

    Submitted By:-: (GROUP-5)

    Uploaded by

    Debendra Kumar Nayak
    The document compares interest rates offered by Oriental Bank of Commerce, Indusind Bank, and Orissa State Cooperative Bank on various banking products and loans. It finds that savings account interest rates are set at 3.5% by RBI across the three banks. Base lending rates start from 8.25% to 9% depending on the bank. Interest rates on fixed deposits vary across maturity periods but generally range from 3-13% annually depending on the amount deposited. Home, vehicle, education, and personal loan interest rates also vary with loan amount and tenure, with rates typically higher for private banks. Methods of interest calculation are also outlined.

    Copyright:

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    Download as pptx, pdf, or txt
    of 18

    COMPARATIVE ANALYSIS OF INTEREST

    RATES IN BANK

    SUBMITTED BY:- (GROUP-5)


    PIYUSH KUMAR (088)
    DEVBENDRA KUMAR NAYAK(087)
    PAWAN CHOUDHURY(089)
    MANINDER SINGH(090)
    SAURAV JHA(086)
    COMPANY PROFILE OF INDUSIND BANK

    IndusInd Bank derives its name and inspiration from the Indus Valley civilisation
    -a culture described by National Geographic as 'one of the greatest of the
    ancient world' combining a spirit of innovation with sound business and trade
    practices.

    Mr. Srichand P. Hinduja, a leading Non-Resident Indian businessman and head


    of the Hinduja Group, conceived the vision of IndusInd Bank -the first of the
    new-generation private banks in India -and through collective contributions from
    the NRI community towards India's economic and social development, brought
    our Bank into being.

    The Bank, formally inaugurated in April 1994 by Dr. Manmohan Singh,


    Honourable Prime Minister of India who was then the country’s Finance Minister
    Company profile of Orissa state cooperative
    bank
    The Orissa State Co-operative Bank, a Scheduled Bank under RBI Act was registerd in the
    year 1948 as the Apex Bank of the short term Coop.Credit structure of Orissa with an
    objective of Development of the agrarian economy of Orissa by catching the credit
    equipment of the terms of the state .

    MISSION
     Our Corporate mission is to become a strong and competitive Bank offering innovative
    financial products and services and to lead a rejuvenated short term cooperative credit
    structures to better serve the people of Orissa.

    OBJECTIVES
     To cater to the credit requirement of farmer-members of the Primary Agriculture
    Cooperative Societies.
     To implement the Kissan Credit Card (KCC) scheme to ensure instant finance
    and adequacy in credit delivery.
     To step up production and productivity in agriculture through promotion of farm
    mechanization and better land and water management
    Company profile of oriental bank of
    commerce
    Our Vision
     To be a sound all India, customer centric, efficient retail bank with
    contemporary size, technology and human capital; endeavoring
    to enrich lives across all sections of society; and committed to
    upholding the highest standards of corporate governance.

    Our Mission
     To provide the finest banking services by upgrading human
    capital and infusing advanced technology, thereby achieving total
    customer satisfaction; and being reckoned as the “Best Bank” in
    the Industry on all efficiency parameters.
     To enhance shareholders’ wealth by ensuring sound growth of
    business and make valuable contributions to national economic
    growth.
    Objective
     Comparative analysis of Interest rates in
    bank , rates offered on various deposits
    and loan schemes(Personal, auto,
    Education, housing)
     By selecting public sector ,private
    sector and cooperative bank. We
    selected Oriental bank of commerce ,
    Indusind bank and Orissa state
    Cooperative bank limited.
    Savings Bank Account

    INDUSIND BANK ORIENTAL BANK OF ORRISA STATE


    COMMERCE COOPERATIVE BANK

    INTEREST RATE OF SAVING ACCOUNT IN THE ABOVE 3


    BANKS ARE :

    3.50% SET BY THE RESERVE BANK OF INDIA


    Base Rate
    s.no ORIENTAL BANK OF
    COMMERCE
    INDUSIND BANK ORISSA STATE
    COOPERATIVE
    BANK

    1. 9% 8.25% 8.90%
    COMPARATIVE ANALYSIS OF FIXED
    DEPOSIT INTEREST RATES
    OFFERED BY BANKS
    Name 91 - 120 - 180 - 271 – 1 Year 2years 3years
    of 7-14 15 - 29 30 - 45 46-60 61 -90 120 179 270 364 - - -
    Bank days days days days days days days days days 2years 3years 5years
    ORIENT
    AL
    3.00 4.50 5.00 5.75 5.75 6.50 6.50 7.25 7.50 9.25 8.75 8.50
    BANK % % % % % % % % % % % %
    OF
    COMME
    RC
    BANK
    Below &
    above
    Rs.15
    lacs

    INDUSI 3.00 4.00 4.00 5.50 5.75 6.25 7.75 7.75 8.00 9.75 8.75 8.75
    ND
    BANK % % % % % % % % % % % %
    Below
    &
    above
    Rs.15
    lacs

    ORISSA
    STATE
    3.50 3.50 3.50 4.00 5.00 6.00 6.75 7.25 7.25 8.00 8.25 8.25
    COOPE % % % % % % % % % % % %
    RATIVE
    BANK
    SPECIAL SCHEMES ON
    DEPOSITS
    Tax
    saver
    5 year/8.5%
    schem
    e
    555 DAYS 9.00%
    200
    NO SPECIAL days
    8.50%

    SCHEMES
    400
    9.50%
    days
    1001 DAYS 9.25%

    999
    9.50%
    days
    Home loan
    PART UPTO 5-10 10 – PARTICULR FIXED FLOATING PARTICULR FIXED FLOATING
    ICUL 5 YEAR 20
    R years S years

    Loan 9.50 9.75 10% Below 10.5% 9.25% UPTO 5 11% 9.5%
    upto % % 20 lakhs years
    30
    lakhs

    30 10% 10.2 10.7


    -50 5%
    lakh
    5% Above 13% 12% 5 -10 11.50% 9.5%
    20 lakhs years

    Abo 10.5 10.7 11%


    ve % 5%
    50 10- 15 12% 9.75%
    lakh years
    Vehicle loan

    UPTO 3 11.25% Car loan 11% Easy


    YEARS
    vehicle
    11.50%
    loan
    MORE THAN 11.75% Commercial 13%
    3 YEARS
    Education loan

    Upto 4 11.75% Upto 4 11%


    lakhs NIL lakhs

    Above 12.50% Above 4 11.50%


    4 lakhs
    lakhs
    Personal loan

    14.50% NIL 13.50%


    Eligibility on loan
    Home-Individuals having an Home- Age: Min. 21 & Max. 56 Home - Individuals having an
    assured source of Income years. assured source of Income viz.
    Salaried Employees, self
    viz. Salaried Employees, self Min Rs.1 lac PA (Gross employed professionals,
    employed professionals, Salary) businessman, farmers.
    businessman, farmers.
    Residence Stability: Min 1
    Vehicle- Rs.10,000/- p.m (Gross year in current residence. Vehicle- Rs.10,000/- p.m
    Salary).   (Gross Salary).  
    Vehicle - You should be
    Education- Indian nationals not employed for a minimum of Education- Indian nationals
    above 45 years of age. 2 years . not above 45 years of age.
    approved by university approved by university (AICTE
    Your minimum net salary
    (AICTE approved institutions) approved institutions) OR
    should be Rs 1.5 lakhs per institutes recognized by a
    OR institutes recognized by a
    statutory body.  
    annum. statutory body.  

    Personal-Permanent and regular You should have a landline


    Personal-Permanent and
    employee in Centre/State or postpaid connection. regular employee in
    Govt. Deptt. minimum 3 years You should be residing at Centre/State Govt. Deptt.
    of service. monthly salary the current address for a minimum 3 years of service.
    should not be less then Rs minimum of one year
    6,000/-.
    METHOD OF INTEREST CALCULATIONS
    Schemes Oriental bank of commerce Indusind bank Orissa state
    co-operative bank

    1) Savings 3.5% 3.5% 3.5%


    account

    2) Current No Interest No Interest No Interest


    Account

    3) Fixed Deposit Compound interest. Compound interest. Compound interest.


    Compounded Quarterly Compounded Quarterly Compounded
    Quarterly

    4) Home Loan Interest on the loan is calculated Interest on the loan is Interest on the loan is
    monthly on the outstanding calculated monthly on the calculated monthly on
    balance@ 1/12 of the annual outstanding balance@ the outstanding
    interest rate 1/12 of the annual interest balance@ 1/12 of the
    rate annual interest rate
    CONTINUE…
    5) Auto Loan Interest on the loan is Interest on the loan is Interest on the loan is
    calculated monthly on the calculated monthly on the calculated monthly on
    outstanding balance@ 1/12 of outstanding balance@ 1/12 the outstanding
    the annual interest rate of the annual interest rate balance@ 1/12 of the
    annual interest rate

    6) Personal Loan Interest on the loan is Interest on the loan is


    calculated monthly on the calculated monthly on
    outstanding balance@ 1/12 of the outstanding
    the annual interest rate balance@ 1/12 of the
    annual interest rate

    7) Education Loan Interest on the loan is Interest on the loan is


    calculated monthly on the calculated monthly on
    outstanding balance@ 1/12 of the outstanding
    the annual interest rate balance@ 1/12 of the
    annual interest rate
    Thank You!

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