AGB - Aryavart Gramin Bank

AGB - Aryavart Gramin Bank/ A Joint undertaking of Govt. of India, U.P. Govt. & Bank of India

Services Charges & Fees

INTEREST RATES FOR DOMESTIC RUPEE TERM DEPOSITS (interest in % p.a.)

		For deposits less than Rs.15 Lakh	For deposits Rs.15 Lakh and above but less than Rs.1 crore	For deposits of Rs.1 crore and above
	Maturity Period	(w.e.f. 29-07-2011)	(w.e.f. 29-07-2011)	(w.e.f. 29-07-2011)
1	07 days to 14 days *	4.50	4.50	4.50
2	15 days to 30 days	5.00	5.00	5.00
3	31 days to 45 days	6.50	6.50	6.50
4	46 days to 90 days	7.00	7.25	7.25
5	91 days to 179 days	7.25	7.50	7.50
6	180 days to 269 days	8.25	8.25	8.25
7	270 days to 364 days	8.25	8.75	8.75
8	1 year to less than 2 years	9.00	9.00	9.50
9	444 days fixed	9.35	9.35	NA
10	2 years to less than 3 years	9.00	9.00	9.00
11	3 years to less than 5 years	8.50	8.50	8.50
12	5 years	8.75	8.75	8.75
13	More than 5 years to less than 8 years	8.75	8.50	7.00
14	8 years to less than 10 years	8.75	8.25	7.00

* Minimum deposit of Rs. 1 Lac

For Minimum Deposit of Rs. 1 Lac

For Deposits of Rs.1 Crore and above, the Branches may refer to Head Office, Planning & MIS Department and obtain rates individually for each deposit and report acceptance of such deposits to Head Office.

Effective Annualised Rate of Return (Indicative only)

In term of RBI’s monetary and credit policy guidelines to provide information on effective annualized rate of return on deposits of various maturities, we give here in below the effective annualized rates of return on Bank’s cumulative deposit schemes under the Reinvestment Plan on quarterly compounding basis:

	For deposits less than Rs.15 lakh		For deposits Rs.15 Lakh and above but less than Rs.1 crore		For deposits of Rs.1 crore and above
Maturity	Rate of Interest (%) p.a.	Annualised Rate of Return at minimum of the Maturity bucket (Indicative Only) %	Rate of Interest (%) p.a.	Annualised Rate of Return at minimum of the Maturity bucket (Indicative Only) %	Rate of Interest (%) p.a.	Annualised Rate of Return at minimum of the Maturity bucket (Indicative Only) %
180 days to 269 days	8.25	8.34	8.25	8.34	8.25	8.34
270 days to 364 days	8.25	8.42	8.75	8.94	8.75	8.94
1 year to less than 2 years	9.00	9.31	9.00	9.31	9.50	9.84
444 days fixed	9.35	9.76	9.35	9.76	NA	-
2 years to less than 3 years	9.00	9.74	9.00	9.74	9.00	9.74
3 years to less than 5 years	8.50	9.57	8.50	9.57	8.50	9.57
5 years	8.75	10.83	8.75	10.83	8.75	10.83
More than 5 years to less than 8 years	8.75	10.83	8.50	10.45	7.00	8.29
8 years to less than 10 years	8.75	12.48	8.25	11.52	7.00	9.28

SENIOR CITIZENS

The additional interest rate offered at present to Senior Citizens (Public other than staff) on their Rupee Term Deposits is as under:

On deposits of 6 months and less than 5 years an additional rate of interest of 0.5% p.a. will be applicable. For deposits 5 years and above an additional rate of interest of 0.6% p.a. will be applicable