Scribd Logo
Upload

Welcome to Scribd!

  • 38 views

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

    Uploaded by

    gmatweak
    The notice announces changes to interest rates on fixed deposits effective October 9, 2015. It provides a table with the new interest rates for deposits less than Rs. 1 crore, between Rs. 1-3 crore, and above Rs. 3-5 crore, specifying rates for various periods from 7 days to 240 months. It notes senior citizens get 0.5% extra and outlines rules for premature withdrawal. Another table provides new interest rates on savings deposits and NRE deposits. The notice also lists rates for other deposit products like tax saving schemes, FCNR deposits in foreign currencies, and notes on those rates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

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

    Uploaded by

    gmatweak
    38 views3 pages
    The notice announces changes to interest rates on fixed deposits effective October 9, 2015. It provides a table with the new interest rates for deposits less than Rs. 1 crore, between Rs. 1-3 crore, and above Rs. 3-5 crore, specifying rates for various periods from 7 days to 240 months. It notes senior citizens get 0.5% extra and outlines rules for premature withdrawal. Another table provides new interest rates on savings deposits and NRE deposits. The notice also lists rates for other deposit products like tax saving schemes, FCNR deposits in foreign currencies, and notes on those rates.

    Original Description:

    rbl bank interest rate

    Original Title

    RevisionInterestRates-Circular

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The notice announces changes to interest rates on fixed deposits effective October 9, 2015. It provides a table with the new interest rates for deposits less than Rs. 1 crore, between Rs. 1-3 crore, and above Rs. 3-5 crore, specifying rates for various periods from 7 days to 240 months. It notes senior citizens get 0.5% extra and outlines rules for premature withdrawal. Another table provides new interest rates on savings deposits and NRE deposits. The notice also lists rates for other deposit products like tax saving schemes, FCNR deposits in foreign currencies, and notes on those rates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    38 views3 pages

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

    Uploaded by

    gmatweak
    The notice announces changes to interest rates on fixed deposits effective October 9, 2015. It provides a table with the new interest rates for deposits less than Rs. 1 crore, between Rs. 1-3 crore, and above Rs. 3-5 crore, specifying rates for various periods from 7 days to 240 months. It notes senior citizens get 0.5% extra and outlines rules for premature withdrawal. Another table provides new interest rates on savings deposits and NRE deposits. The notice also lists rates for other deposit products like tax saving schemes, FCNR deposits in foreign currencies, and notes on those rates.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    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 October 09, 2015
    Deposits of Rs. 1 crore and above less than Deposits of Rs. 3 crore and above upto Rs.
    Deposits less than Rs.1 crore
    Rs. 3 crore 5 crore
    Period of Deposit Interest *Effective *Effective Interest *Effective *Effective Interest *Effective *Effective
    Rates Annualised Annualised rate Rates (%) Annualised Annualised rate Rates (%) Annualised Annualised rate
    (%) Rate % % for Senior Rate % % for Senior Rate % % for Senior
    Citizen Citizen Citizen
    7 days to 14 days 5.25 5.25 5.75 6.00 6.00 6.50 6.00 6.00 6.50
    15 days to 45 days 5.25 5.25 6.75 6.00 6.00 6.50 6.00 6.00 6.50
    46 days to 90 days 7.25 7.25 7.75 7.25 7.25 7.75 7.25 7.25 7.75
    91 days to 180 days 7.25 7.25 7.75 7.25 7.25 7.75 7.25 7.25 7.75
    181 days to 240 days 7.75 7.89 8.40 7.75 7.89 8.40 7.75 7.89 8.40
    241 days to 364 days 8.25 8.51 9.03 8.25 8.51 9.03 8.15 8.30 8.82
    12 months to less than 24
    8.50 8.77 9.31 8.30 8.56 9.09 8.15 8.40 8.93
    months
    24 months to less than 36
    9.00 9.31 9.84 8.50 8.77 9.31 8.25 8.51 9.04
    months
    36 months to less than 60
    8.75 9.04 9.58 8.50 8.77 9.31 8.25 8.51 9.04
    months
    60 months to less than 120
    8.75 9.04 9.58 8.50 8.77 9.31 8.25 8.51 9.04
    months
    120 months to 240 months 8.50 8.77 9.31 8.50 8.77 9.31 8.25 8.51 9.04

    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
    Interest rates on Savings Deposit (including NRE Savings).

    Daily balance Rate of Interest


    w.e.f 08th July 2015
    Up to Rs 1 lakh 5.1% p.a
    Above Rs 1 lakh upto Rs. 10 lakh * 6.1% p.a
    Above Rs 10 lakh upto Rs. 5 Crore *# 7.1% p.a

    * 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 under-

    No. Period Regular Senior Citizen


    1 60 months to 120 months 8.75 9.25

    Rate of Interest on Non-Resident External (Rupee) Deposits will be as under-


    Rs. 3 crore and
    Less than Rs.1 Rs. 1 crore and above
    Sr. No. Period of Deposit above upto Rs. 5
    crore less than Rs. 3 crore
    crore
    1 12Months < 24 Months 8.50 8.30 8.15
    2 24 Months < 36 Months 9.00 8.50 8.25
    3 36 Months < 60 Months 8.75 8.50 8.25
    4 60 Months < 120 Months 8.75 8.50 8.25
    5 120 Months to 240 Months 8.50 8.50 8.25

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

    Attention of customers/public is invited on the changes in interest rates Fixed Deposits with effect from March 2, 2016-

    Period USD GBP EUR AUD SGD JPY CAD


    1 year and above but less than 2 years 1.84 1.70 0.42 2.86 2.91 0.62 2.02
    2 years and above but less than 3 years 2.29 1.83 0.40 2.77 3.03 0.54 1.91
    3 years and above but less than 4 years 2.54 1.86 0.93 3.07 3.40 2.12 2.17
    4 years and above but less than 5 years 2.27 1.92 1.00 3.25 3.51 0.84 2.20
    5 years 2.55 1.99 1.09 3.31 3.60 2.43 2.26

    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.

    You might also like