SBI Commercial and International Bank Ltd.,
Mumbai

DOMESTIC RUPEE DEPOSIT & RECURRING DEPOSITS
INTEREST RATES W.E.F. 18TH FEBRUARY, 2002

LAST UPDATED ON 18TH FEBRUARY, 2002

• DOMESTIC RUPEE DEPOSITS W.E.F. 18.2.2002

  PERIOD	RATE OF INTEREST % P.A	YIELD % P.A.
  7 days to 14 days (For a single deposit of Rs. 15 lakhs & above )	6.00% p.a.	-
  15 days to 30 days	6.00% p.a.	-
  31 days to 90 days	6.25% p.a.	-
  91 days & upto 6 months	6.75% p.a.	-
  Above 6 months & upto 1 year	7.75% p.a.	7.45% p.a.
  Above 1 year & upto 2 years	7.75% p.a.	8.30% p.a.
  Above 2 years & upto 3 years	8.00% p.a.	8.94% p.a.
  Above 3 years & upto 5 years	8.50% p.a.	10.46% p.a.

  
  
  

• DIFFERENTIAL RATES OF INTEREST PAYABLE ON LOCAL DEPOSITS W.E.F. 29.10.2001:-
  1. On a single deposit placed for a period of 91 days & upto 1 year
         *  Rs. 15 lakhs & above upto Rs. 1 crore     :                                  0.25% p.a
     
     
  2. On a single deposit of Rs.1.00 crore & above, for any maturity : Daily Fixation
     
     
     
     

• LOCAL SAVINGS (W.E.F. 01.04.2000)

  4.00 % P.A

  
  
  

• PENAL RATE PROVISIONS FOR PREMATURE WITHDRAWALS

  (a) Differential rates will not be applicable for premature withdrawals

  (b) Penal rate of 1% will be charged on premature withdrawal of deposits of all maturities for Rs. 15 lakhs & above

  (c) No penal rate will be applicable for premature withdrawal of deposits below Rs.15 lakhs

  
  

• RECURRING DEPOSITS W.E.F. 18.2.2002

  PERIOD	RATE OF INTEREST % P.A.
  6 months & upto 1 year	7.25% p.a.
  Above 1 year & upto 2 years	7.75% p.a.
  Above 2 years & upto 3 years	8.00% p.a.
  Above 3 years & upto 10 years	8.50% p.a.

• PENAL RATE PROVISIONS FOR PREMATURE WITHDRAWALS
  

  In case of premature withdrawals of recurring deposits below 6 months., interest rate applicable to Savings Bank accounts i.e. presently 4.00 % p.a. will be paid.

* THE CUMULATIVE YIELD IS FOR THE MAXIMUM PERIOD IN EACH SLOT.
          RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE