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

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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 =
			Repayable in _ years	Repayable in more than _ years	Repayable in _ years	Repayable in more than _ years	For Studies Abroad =