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Interest rates of Fixed Deposits (effective
August 16, 2007)
Term
(months) |
Monthly
% p.a. |
Quarterly
% p.a. |
12 |
* |
9.00% |
24 |
* |
9.50% |
36 |
9.92% |
10.00% |
Monthly Interest is payable only on 36 Months Fixed Deposits @ 9.92% p.a.
Minimum Deposit Rs.10,000/- per account.
Interest rates on existing deposits remain unchanged.
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Annual Yield of Cumulative Deposits (effective August
16, 2007)
| Term (months) |
Rate
(p.a at Quarterly
rests) |
Maturity Value for |
Annual Yield |
Rs.10,000/- |
Rs.1,000/- |
12 |
9.00% |
Rs.10,930/- |
Rs.1,093/- |
9.30% |
24 |
9.50% |
Rs.12,070/- |
Rs.1,207/- |
10.35% |
36 |
10.00% |
Rs.13,450/- |
Rs.1,345/- |
11.50% |
Note:
Rated MAAA / Stable by ICRA and FAAA / Stable by CRISIL.
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Method of interest credit
Interest warrants crossed ‘Account Payee’ could be dispatched:
- Direct to the depositor
- Direct to the depositor with bank details
- Direct to the bank under advice to the depositor
- Through RBI Electronic Clearance Service (ECS)
The following table details the Bank on which the Interest Warrants
are drawn, branches at which At Par facility is available and places
where ECS facility is available.
| Interest Warrant Date |
16 |
| Drawee Bank |
State Bank of India |
| At Par Branches |
All Branches |
| ECS |
Ahmedabad
Chennai
Bangalore
Hyderabad
Kolkata
Mumbai
Delhi
Madurai
Coimbatore
Thiruvananthapuram
Nagpur
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