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 |
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1. |
Savings Bank A/c |
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A. |
Domestic |
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a. |
With cheque book facility |
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b. |
Without cheque book facility |
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c. |
No Frills Account |
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B. |
Non Resident |
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a. |
NRO |
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b. |
NRE |
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2. |
Term Deposits |
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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 |
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B. |
Non-Resident Accounts |
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a. |
NRO (All Maturities) |
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b. |
NRE (All Maturities) |
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Rate of Interest |
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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) |
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i) |
USD |
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ii) |
GBP |
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iii) |
EUR |
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iv) |
CAD |
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v) |
AUD |
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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 |
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Floating Category |
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Upto 5 years |
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More than 5 Yrs &
upto 10 Yrs |
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More than 10 Yrs |
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Fixed Category |
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Upto 5 years |
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More than 5 Yrs &
upto 10 Yrs |
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More than 10 Yrs |
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2. |
Personal Loan |
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(a) |
Consumer Durable Loan |
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(b) |
Senior Citizen
Loan Scheme |
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(c) |
Personal Loan Scheme |
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(d) |
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3. |
Vehicle Loan |
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(a) |
Two Wheeler Loans |
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(b) |
Three Wheeler
Loans |
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(c) |
For New Cars |
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(d) |
For Old Cars |
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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 |
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1. |
Lockers |
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Type
of Locker |
Metro / Urban/
Semi Urban |
Rural |
1
yr |
2
yrs |
3
yrs |
1
yr. |
2
yrs |
3
yrs. |
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2. |
Debit Cards |
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International Debit Card. |
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3 |
Drafts / TT / MT |
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Issue |
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Cancellatiion |
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4 |
Outstation cheque collection |
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5 |
NEFT Money Transfer |
Inward = |
Outward = |
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6. |
RTGS Money Transfer |
Inward = |
Outward = |
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7. |
Cheque return charges |
Outward Returns |
Inward Returns |
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For Savings Accounts |
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For Current, Overdraft
Cash Credit Accounts |
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Dishonour of outstation / local bills & cheques |
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8. |
Cheque Book Issue |
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9. |
No Dues Certificate |
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