|
Deposit Accounts
|
|
NATURE
|
RATE OF INTEREST
|
MINIMUM BALANCE
|
|
|
NORMAL
|
SENIOR CITIZEN
|
Rural
|
Semi Urban
|
Urban
|
|
ACCOUNT
|
|
|
|
|
|
|
1. Savings Bank A/c.
|
|
|
|
|
|
|
A. Domestic
|
|
|
|
|
|
|
a. With cheque book facility
|
4.00
|
4.00
|
500.00
|
500.00
|
1000.00
|
|
b. Without cheque book facility
|
4.00
|
4.00
|
100.00
|
100.00
|
500.00
|
|
c. No Frills Account
|
4.00
|
4.00
|
5.00
|
5.00
|
|
|
B. Non Resident
|
|
|
|
|
|
|
a. NRO
|
4.00
|
4.00
|
|
|
|
|
b. NRE
|
4.00
|
4.00
|
|
|
|
|
|
2. Term Deposit Interest Rates
|
|
A. Domestic /NRO
|
|
Interest Rates % p.a. Effective from 12.12.2011
|
|
|
|
|
> Rs 25
lacs to
< Rs
50 lacs
|
Rs 50
lacs to
< Rs. 1
cr
|
|
|
|
7 days - 14 days (only for single deposit of Rs.1.00 lakh and above)
|
4.50
|
4.50
|
4.50
|
4.50
|
4.50
|
|
15 days - 29 days
|
4.50
|
4.50
|
8.60 |
8.60
|
8.60
|
|
30 days - 45 days
|
6.25
|
6.25
|
8.60 |
8.60
|
8.60
|
|
46 days - 60 days
|
6.25
|
6.25
|
8.60 |
8.60
|
8.60
|
|
61 days - 90 days
|
6.25
|
6.25
|
8.60 |
8.60
|
8.60
|
|
91 days - 120 days
|
7.75
|
7.75
|
7.75 |
7.75
|
7.75
|
|
121 days - 179 days
|
7.75
|
7.75
|
7.75 |
7.75
|
7.75
|
|
180 days - 269 days
|
8.00
|
8.00
|
8.00 |
8.00
|
8.00
|
|
270 days -< 1 year
|
8.50
|
8.50
|
8.50 |
8.50
|
8.50
|
|
1 yr - < 2 yrs
|
9.50
|
9.50
|
9.50 |
9.50
|
9.50
|
|
2 yrs to 3 yrs
|
9.25
|
9.25
|
9.25 |
9.25
|
9.25
|
|
> 3 Yrs - < 5 Yrs
|
9.25
|
9.25
|
9.25 |
9.25
|
9.25
|
|
5 Yrs & above
|
9.00
|
9.00
|
9.00 |
9.00
|
9.00
|
|
|
|
|
Interest rates for senior citizens:
|
|
For resident senior citizens, additional interest rate on term deposits will be 0.75% over the card rates for deposits for a period upto 10 years in the name of the depositor . For Special Deposits exceeding Rs.25 lakhs, the card rate alone will apply, without the benefit of additional interest rate.
For Unfixed Deposit Scheme : Additional interest of 0.75% for senior citizens will not be applicable.
|
|
IOB Tax Saver Deposit Scheme: 9.00% p.a.
|
|
(* For latest updates please contact the nearest Branch )
|
|
|
|
|
|
|
|
2. Term Deposit Interest Rates
|
|
B. Non Resident Account
|
|
NRE (All Maturities)
|
W.e .f 01.01.2012
|
|
Period
|
Interest rates % p.a. (for single deposit) for any amount
|
|
1 Year to less than 2 years
|
9.25
|
|
2 Years to less than 3 Years
|
9.25
|
|
3 Years to less than 5 Years
|
9.25
|
|
|
|
|
2. Term Deposit Interest Rates
|
|
C. FCNR (B)
|
|
INTEREST RATES ON FCNR DEPOSITS FROM 01.01.2012 TO 31.01.2012
|
|
Maturity Period
|
USD
|
GBP
|
EUR
|
JPY
|
CAD
|
AUD
|
CHF |
NZD |
|
One Year and above but less than Two Yrs
|
2.35
|
3.14
|
2.98
|
1.80
|
3.12
|
6.13
|
1.59 |
4.76 |
|
Two yrs and above but less than Three Yrs
|
1.78
|
2.49
|
2.42
|
1.62
|
2.44
|
5.09
|
1.37 |
4.03 |
|
Three Years and above but less than four years
|
1.87
|
2.51
|
2.50
|
1.63
|
2.50
|
5.13
|
1.42 |
4.20 |
|
Four Years and above but less than five years
|
2.06
|
2.63
|
2.66
|
1.67
|
2.61
|
5.37
|
1.57 |
4.41 |
|
Five years only
|
2.30
|
2.75
|
2.85
|
1.72
|
2.75
|
5.50
|
1.72 |
4.62 |
|
INTEREST RATES FOR RFC DEPOSITS FROM 01.01.2012 TO 31.01.2012
|
|
|
USD
|
GBP
|
EUR
|
JPY
|
CAD
|
AUD
|
|
|
|
SAVINGS BANK
|
0.50
|
2.00
|
1.00
|
0.00
|
1.00
|
2.50
|
|
|
|
Six Months and above but less than One year
|
1.00
|
2.00
|
1.50
|
0.00
|
1.50
|
3.00
|
|
|
|
One year and above but less than Two years
|
2.35
|
3.14
|
2.98
|
1.80
|
3.12
|
6.13
|
|
|
|
Two years and above but less than Three years
|
1.78
|
2.49
|
2.42
|
1.62
|
2.44
|
5.09
|
|
|
|
Three years only
|
1.87
|
2.51
|
2.50
|
1.63
|
2.50
|
5.13
|
|
|
|
|
|
|
|
|
LOANS (effective from 16.08.2011)
|
|
BASE RATE FROM 01.08.2011 : 10.75%
|
|
|
|
Rate of Interest
|
Processing Charges
|
|
Loans
|
|
1.
|
Housing Loan
|
Upto Rs. 30 lakhs
|
More than Rs.30 lakhs
|
|
|
|
Floating Category
|
|
|
Upto 5 years
|
11.00
|
11.25
|
|
|
|
More than 5 yrs & Upto 10 yrs
|
11.25
|
11.50
|
|
|
|
More than 10 yrs
|
11.50
|
11.75
|
|
|
|
|
|
|
|
|
2.
|
Personal Loan
|
|
|
|
|
|
Clean Loan to salaried employees
|
15.75
|
|
|
|
|
|
|
|
|
|
3.
|
Vehicle Loan
|
|
|
|
|
|
Floating Rate of Interest
|
|
|
|
|
|
Pushpaka Loans
|
|
|
|
|
|
Up to 3 Years
|
13.25
|
|
|
|
|
>3 to 5 Years
|
13.75
|
|
|
|
|
|
|
|
|
|
4.
|
Educational Loans
|
Upto Rs. 4.00 lakhs
|
Above Rs. 4.00 lakhs to Rs. 7.5 lakhs
|
More than 7.5 lakhs
|
|
|
For studies Inland and Foreign
|
12.75
|
14.00
|
13.75
|
|
|
|
|
|
|
|
|
|
|
Indian Overseas Bank
|
|
Services Charges
|
|
FEE based service charges
|
|
1. Lockers
|
|
Type
|
Size in Cubic / Inches
|
Rural / Semi Urban
|
Metro / Urban
|
|
A
|
539
|
450
|
850
|
|
B
|
858
|
650
|
1150
|
|
C
|
1186
|
750
|
1400
|
|
D
|
1337
|
850
|
1500
|
|
E
|
1872
|
1150
|
2000
|
|
F
|
2767
|
1450
|
2550
|
|
G
|
2843
|
1750
|
2550
|
|
H
|
3986
|
2150
|
3500
|
|
H1
|
1828
|
1150
|
1800
|
|
K
|
6412
|
3250
|
5350
|
|
L
|
6296
|
3250
|
5350
|
|
L1
|
4671
|
2550
|
4050
|
|
L2
|
6117
|
3250
|
5350
|
|
|
|
|
2. Credit Cards
|
Amount of Charges / Interest
|
|
Card Membership/Joining Fee
|
NIL
|
|
Photocard
|
Rs.100/- ( only once )
|
|
Annual Fees
|
NIL
|
|
Hot listing charges
|
NIL
|
|
Replacement Card
|
Rs.100/-
|
|
Duplicate statement copy
|
Rs.50/-
|
|
Charge slip copy
|
Rs.100/-
|
|
Original Charge slip
|
Rs.300/-
|
|
Late Fee
|
Rs.100/-
|
|
Interest on Roll over credit
|
24% (annualised)
|
|
Cash Advance Fee
|
Rs.22.50 per Rs.1000/- or part thereof
|
|
Cash Advance Interest
|
24% ( annualised ) from the date of withdrawal till settlement date
|
|
Chages for Cash withdrawl from other Bank's ATM ( VISA )
|
NIL
|
|
Foreign Currency transactions
|
2.5% on the transaction value
|
|
|
|
|
3.Debit Cards
|
|
|
International Debit Card
|
NIL
|
|
|
|
REMITTANCES - (DDs/MTs/TTs)
|
|
Amount of the Instrument
|
CHARGES (Rs.)
|
|
|
Non-Individuals
|
Individuals-Rural
|
Individuals Non-Rural
|
|
Upto & inclusive of Rs. 1000/-
|
30
|
15
|
20
|
|
Above Rs. 1000/- upto Rs. 5000/-
|
30
|
20
|
25
|
|
Above Rs. 5000/- upto Rs. 10000
|
30
|
20
|
30
|
|
Above Rs. 10000/- upto Rs. 1 Lakh
|
2.50 per 1000/
Minimum of Rs. 30
|
1.75 per 1000/
Minimum of Rs. 25
|
2.25 per 1000/
Minimum of Rs. 30
|
|
Above Rs. 1 Lakh
|
2.25 per 1000/
Minimum of Rs. 250/ and
Maximum of Rs. 11,140/
|
1.50 per 1000/
Minimum of Rs.175/ and
Maximum of Rs. 11,140/
|
2.00 per 1000/
Minimum of Rs. 225 and
Maximum of Rs. 11,140/
|
|
|
|
|
Outward/ Inward collection of cheques/ instruments
For SB account holders:
| Amount of the Instrument |
CHARGES (Rs.) |
| Upto & inclusive of Rs.5000/- |
Rs.28/ per instrument |
| Above Rs.5000/ and up to and inclusive of Rs.10,000/ |
Rs.55/ per instrument |
| Above Rs. 10000/- upto Rs. 1,00, 000/- |
Rs.110/ per instrument |
| Above Rs. 1,00, 000/- |
Rs.165/ per instrument |
For other accounts:
| Amount of the Instrument |
CHARGES (Rs.) |
| Upto Rs.10000/- |
Rs.6/ per 1000 with a minimum of Rs.22/ and maximum of Rs.55/ |
| Above Rs.10000/ and up to Rs.1,00,000/ |
Rs.110/ per instrument |
| Above Rs. 1,00, 000/- |
Rs.165/ per instrument |
| |
|
|
|
|
|
NEFT
|
|
Type of transaction
|
Service Charges (Rs)
|
|
NEFT- INWARD
|
Nil
|
|
NEFT-Outward
Up to Rs. 1 lakh
|
Rs. 6/-
|
|
Above Rs. 1 Lakh up to Rs. 2 lakh
|
Rs. 17/-
|
|
Above Rs. 2 Lakhs
|
Rs. 28/-
|
|
|
RTGS
|
|
Type of transaction
|
Service Charges (Rs)
|
|
RTGS INWARD
|
NIL
|
|
RTGS-Outward
|
Time of Settlement at RBI(w.e.f 01.10.2011)
|
|
9:00 to 12:00 hrs
|
After 12:00 to 15:30 hrs
|
After 15:30 hrs
|
|
From Rs. 2 lakhs up to Rs. 5 lakhs
|
Rs. 28/-
|
Rs. 29/-
|
Rs.33/-
|
|
Above Rs. 5 Lakhs
|
Rs. 55/-
|
Rs. 56/-
|
Rs. 61/-
|
|
|
|
|
Charges for Bills/ Cheques Returned Unpaid
|
|
Category
|
Service Charges
|
|
Local Cheques/bills (both Inward/ Outward)
|
For Cheques Outward
For bills both Outward/ Inward
.
|
Rs.50/
Rs.50/
|
|
Cheques Inward:
Up to Rs.25000/
> Rs.25,000 upto Rs. 1 lakh
> Rs. 1 lakh up to Rs. 10 Lakhs
> Rs.10 Lakhs up to Rs. One Crore
> Rs. One Crore
|
Rs.30/
Rs.50/
Rs. 75/
Rs.150/ for first three returns and
Rs.200/ thereafter
|
|
For outward Outstation Cheques
|
| Upto & inclusive of Rs.10000/- |
Rs.6/ per 1000/ with a minimum of Rs. 22/ and Maximum of Rs. 55/ |
| Above Rs. 10000/- upto Rs.1,00,000/- |
Rs.110/ per instrument |
| Above Rs. 1,00,000/ |
Rs.165/ per instrument |
|
|
|
|
Cheque Book Issue
| Issue of Cheque Books–Savings Accounts |
i. |
Rs.2.50 per cheque - MICR Centres |
| |
ii. |
Rs.1.50 per cheque - Non-MICR Centres |
| |
iii. |
One cheque with 25 leaves free |
| Issue of Cheque Books – Current Accounts |
i. |
Rs.3.00 per cheque - MICR Centres |
| |
ii. |
Rs.2.00 per cheque - Non-MICR Centres |
|