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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