Notifications

(34 kb)
Display of information relating to Interest Rates and Service Charges – Rates at a quick glance

RBI/2008-09/ 181
UBD. PCB. Cir. No. 15 /12.05.001/2008-09

September 18, 2008

To

Chief Executive Officer
All Primary (Urban) Co-operative Banks

Dear Sir / Madam,

Display of information relating to
Interest Rates and Service Charges –
Rates at a quick glance

Please refer to our Circular UBD. PCB. Cir. No. 10/12.05.001/2008-09 dated September 1, 2008 wherein we had forwarded to banks a format of Comprehensive Notice Board and advised  them to display information in their branches as per the format given in the Circular. Further, banks were also advised to publish detailed information by way of booklets and also by placing them on their web-sites, if any.

2. In this connection, we have devised a format for display of information relating to interest rates and service charges which would enable the customer to obtain the desired information at a glance. The format is given in the Annex. Banks are advised to display the information as per the format given in the Annex in their premises as well as post it on their web-sites. Banks are, however, free to modify the format to suit their requirements, without impairing the basic structure or curtailing the scope of disclosures.

3. Banks may also ensure that only latest updated information in the above format is displayed in the bank / branch premises and placed on their web-sites, if any and the same is easily accessible from the Home Page of their web-sites.

Yours faithfully

(A. K. Khound)
Chief General Manager-in-Charge


Annex

Name of the Bank

RATES AT A QUICK GLANCE

AS ON ________________

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

 

 

 

 

 

b.

Without cheque book facility

 

 

 

 

 

c.

No Frills Account

 

 

 

 

 

B.

Non Resident

 

 

 

 

 

a.

NRO

 

 

 

 

 

b.

NRE

 

 

 

 

 

2.

Term Deposits

 

 

 

 

 

A.

Domestic

Rate of Interest

Term Deposits (All Maturities)

Upto & including Rs.15 Lakhs

For Deposits above Rs.15 Lakhs but less than Rs.1.Crore

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

B.

Non-Resident Accounts

 

 

a.

NRO (All Maturities)

 

 

b.

NRE (All Maturities)

 

 

 

Rate of Interest

 

1 year & above but < 2 years

2 years & above but < 3 years

3 years & above but < 4 years

4 years & above but < 5 years

For 5 years (Maximum)

c.

FCNR(B)

 

 

 

 

 

i)

USD

 

 

 

 

 

ii)

GBP

 

 

 

 

 

iii)

EUR

 

 

 

 

 

iv)

CAD

 

 

 

 

 

v)

AUD

 

 

 

 

 



Loans

Loans

Rate of Interest

Processing Charges

1.

Housing Loan

Upto Rs. _
lakhs

More than
Rs.__
lakhs
Upto
Rs.__
lakhs

Above
Rs.__
lakhs
Upto
Rs.__
lakhs

Above
Rs.__
lakhs

 

Floating Category

 

 

 

 

 

Upto 5 years

 

 

 

 

 

More than 5 Yrs &
upto 10 Yrs

 

 

 

 

 

More than 10 Yrs

 

 

 

 

 

Fixed Category

 

 

 

 

 

Upto 5 years

 

 

 

 

 

More than 5 Yrs &
upto 10 Yrs

 

 

 

 

 

More than 10 Yrs

 

 

 

 

 

2.

Personal Loan

 

 

 

 

 

(a)

Consumer Durable Loan

 

 

 

 

 

(b)

Senior Citizen
Loan Scheme

 

 

 

 

 

(c)

Personal Loan Scheme

 

 

 

 

 

(d)

 

 

 

 

 

 

3.

Vehicle Loan

 

 

 

 

 

(a)

Two Wheeler Loans

 

 

 

 

 

(b)

Three Wheeler
Loans

 

 

 

 

 

(c)

For New Cars

 

 

 

 

 

(d)

For Old Cars

 

 

 

 

 

4.

Educational Loans

Upto Rs.4.00 lakhs

Rs.4.00 lakhs upto
Rs.20 lakhs

 

Repayable in _ years

Repayable in more than _ years

Repayable in _ years

Repayable in more than _ years

For studies in India =

For Studies Abroad =




Charges

Fee Based Services

 

1.

Lockers

 

 

Type
of Locker

Metro / Urban/
Semi Urban

Rural

1
yr

2
yrs

3
yrs

1
yr.

2
yrs

3
yrs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.

Debit Cards

 

International Debit Card.

 

 

 

 

 

3

Drafts / TT / MT

 

Issue

 

Cancellatiion

 

4

Outstation cheque collection

 

 

 

 

 

5

NEFT Money Transfer

Inward   =  

Outward  =

 

6.

RTGS Money Transfer

Inward   =  

Outward  =

 

7.

Cheque return charges

Outward Returns

Inward Returns

 

For Savings Accounts

 

 

 

For Current, Overdraft
Cash Credit Accounts

 

 

 

Dishonour of outstation  / local bills &  cheques

 

 

 

8.

Cheque Book Issue

 

9.

No Dues Certificate

 


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