|
|
Interest Rates
| **Rates are subject to change without prior notice |
Value Plus Fixed Deposits
| Minimum opening deposit |
Rs. 10,000/- (Maturity) |
| |
Rs. 50,000/- (Monthly) |
|
Period |
Interest Paid at
maturity |
Interest Paid
Monthly |
|
| 1 month |
11.00% |
- |
| 3 months |
12.00% |
- |
| 6 months |
12.25% |
- |
| 12 months |
12.50% |
11.80% |
| 24 months |
11.25% |
10.50% |
| 36 months |
11.65% |
10.50% |
| 48 months |
12.30% |
10.50% |
| 60 months |
13.00% |
10.50% |
|
|
| |
"Achara" Senior Citizens Fixed Deposit
| Minimum opening deposit |
Rs. 100,000/- |
|
Period |
Interest Paid at
maturity |
Interest Paid
Monthly |
|
| 3 months |
12.25% |
- |
| 6 months |
12.50% |
- |
| 12 months |
12.75% |
12.00% |
|
|
| |
| Punchi Minors' Savings Account |
| Minimum opening
deposit |
Rs. 1,000/- |
| Interest |
6.00% p.a. |
|
|
| |
| Punchi Star Minors' Savings Account |
| Minimum opening deposit |
Rs. 1,000/- |
| Interest |
10.00% p.a. |
|
|
| |
| Normal Savings Account |
| Minimum opening deposit |
Rs. 1,000/- |
| Interest |
6.00% p.a. |
|
| |
| Bonus Savings Account |
| Minimum opening deposit |
Rs. 5,000/- |
| Interest |
6.25% p.a. |
|
|
| |
| Exclusive Family Savings Account |
| Minimum opening deposit |
Rs. 25,000/- |
| Interest |
6.25% p.a. |
|
|
| |
"Higher Saver" Savings Account
| Minimum opening deposit |
Rs.1,000/- |
|
|
| Rs. 1000/- up to Rs. 49,999/- |
6.00% |
| Rs. 50,000/- up to Rs. 499,999/- |
8.25% |
| Rs. 500,000/- and above |
8.75% |
|
| |
| Call Deposits |
| Minimum opening deposit |
Rs. 25,000/- |
| Interest |
6.50% p.a. |
|
|
| |
| Friendship Savings Certificate |
Period |
Interest ( p.a.) |
10,000/- |
50,000/- |
| 3 months |
8.00% |
9,804 |
49,020 |
| 6 months |
8.10% |
9,611 |
48,054 |
| 12 months |
8.25% |
9,238 |
46,189 |
| 24 months |
8.65% |
8,525 |
42,626 |
| 36 months |
9.00% |
7,874 |
39,370 |
| 48 months |
9.40% |
7,267 |
36,337 |
|
| |
Punchi minors' savings certificate
Maturity value when 18 years old
|
|
Age |
1,000/- |
10,000/- |
50,000/- |
100,000/- |
150,000/- |
200,000/- |
300,000/- |
500,000/- |
|
| 15 |
729 |
7,283 |
36,414 |
72,827 |
109,240 |
145,653 |
218,479 |
364,132 |
| 14 |
673 |
6,728 |
33,639 |
67,277 |
100,915 |
134,553 |
201,829 |
336,381 |
| 13 |
622 |
6,215 |
31,075 |
62,149 |
93,224 |
124,298 |
186,447 |
310,744 |
| 12 |
575 |
5,742 |
28,707 |
57,413 |
86,119 |
114,825 |
172,237 |
287,062 |
| 11 |
531 |
5,304 |
26,519 |
53,037 |
79,556 |
106,074 |
159,111 |
265,184 |
| 10 |
490 |
4,900 |
24,498 |
48,995 |
73,493 |
97,990 |
146,985 |
244,974 |
| 9 |
453 |
4,527 |
22,631 |
45,261 |
67,892 |
90,522 |
135,783 |
226,304 |
| 8 |
419 |
4,182 |
20,906 |
41,812 |
62,717 |
83,623 |
125,434 |
209,057 |
| 7 |
387 |
3,863 |
19,313 |
38,625 |
57,938 |
77,250 |
115,875 |
193,124 |
| 6 |
357 |
3,569 |
17,841 |
35,682 |
53,522 |
71,363 |
107,044 |
178,406 |
| 5 |
330 |
3,297 |
16,481 |
32,962 |
49,443 |
65,924 |
98,886 |
164,809 |
| 4 |
305 |
3,045 |
15,225 |
30,450 |
45,675 |
60,900 |
91,349 |
152,248 |
| 3 |
282 |
2,813 |
14,065 |
28,129 |
42,194 |
56,258 |
84,387 |
140,645 |
| 2 |
260 |
2,599 |
12,993 |
25,986 |
38,978 |
51,971 |
77,956 |
129,926 |
| 1 |
241 |
2,401 |
12,003 |
24,005 |
36,008 |
48,010 |
72,015 |
120,024 |
|
| |
| Interest Rates on Loan Advances |
| |
|
Minimum rate (P.A) |
Maximum rate (P.A) |
| Lease Finance |
17.00% |
- |
| Hire Purchase |
19.00% |
|
| Residential Housing |
15.50% |
16.50% |
| Vehicle Loans |
17.00% (Brand new & Unregistered) 19.00% & above (Registered) |
|
| Business Loans |
17.00% |
20.00% |
| Three Wheeler |
28.00% |
28.00% |
| Motor Cycles |
26.00% |
26.00% |
| Cash Backed Loans |
Additional 3.5% on Savings A/C or FD A/C Interest rate |
- |
| Pawning (Monthly 1.4%) |
16.80% |
- |
|
| |
| Service Charges |
| |
| Savings Accounts |
| |
| Issue of duplicate Savings Pass Books |
Rs.200/- |
| Savings Accounts Closed |
|
| -Within 6 months |
Rs.200/- |
| -More than 6 months |
Rs.100/- |
| Balance confirmation certificates |
Rs.250/- |
| Savings A/C Statements |
|
| -Current year |
Rs.50/- |
| -More than one year |
Rs.150/- |
|
|
| Cheque returns chargers |
Rs.50/- |
|
| |
| Manager's Cheques |
| |
|
| |
| Standing instructions applicable to all Accounts |
| |
| Remitted by MCQ |
Rs.150/- |
| To other Banks (Customers only) |
Rs.50/- |
| Postage |
Rs.40/- |
|
| |
| ATMs |
| Issuing Fee |
Free of charge |
| ATM Cash withdrawal |
Rs.5/- per transaction |
|
| |
| Fees & Commission |
| |
| Bank Guarantees |
|
| - Cash Security |
1% of Guarantee amount per annum |
| - Other security |
2.5% of Guarantee amount per annum |
|
| |
| Housing Loans |
| |
| Transfer Deed |
1% of the F.S.V +VAT(Minimum Rs.5,000/-) |
| Mortgage Bonds |
0.75% of the Mortgage value + VAT (Minimum Rs.5,000/-) |
| Title Report |
Rs.2,500/- to Rs.3,500/- +VAT (Subject to location of Property) |
| Documentation charges |
0.5% of the loan amount (Minimum Rs.4,000/- and Maximum Rs.15,000/-) + VAT |
| Inspection charges |
20km – Rs.2,500/- + VAT |
| |
20km to 40km – Rs.3,500/- + VAT |
| |
Above 40km – Rs.5,000/- +VAT |
| Early Settlement fees |
4% of the Capital outstanding amount + VAT |
|
| |
| Leases/HP/Vehicle loans |
| |
| Documentation charges |
Less than Rs.500,000/- - Rs.1,000/- + VAT |
| |
Rs.500,000/- & above – 0.5% (Min.3,000/- , Max.Rs.5,000/-)+ VAT |
| Early Settlement fees – Vehicle Loans |
4% of the Capital outstanding amount + VAT |
|
| |
| Term Mortgage Loans (Business Loans) |
| |
| Documentation charges |
1% of the loan amount + VAT (Maximum Rs.25,000/-) |
| Early Settlement fees |
4% of the Capital outstanding amount + VAT |
|
| |
| Cash Backed Loan |
| |
| Documentation charges |
0.1% of the loan amount (Minimum Rs.500/- + VAT) |
| Early Settlement fees |
2% of the Outstanding amount + VAT ( On premature FD upliftment) |
|
| |
| Letters(Loans/Leases/HP/Recoveries) |
| |
| Balance Confirmations |
Rs.500/-+ VAT |
| Settlement Confirmations |
Rs.500/- + VAT |
| Inland Revenue Letters |
Rs.500/- + VAT |
| Account Statements |
Rs.250/- + VAT |
| Special Corres.(ex.Certified copies) |
Rs.500/- + VAT |
|
| |
| *Note - The above rates and charges are subject to change at the discretion of the management. |
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