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Interest Rates

दिनांक 24.01.2017 से जमा खातों पर लागू ब्याज दरें

बचत जमा: 4.00 प्रतिशत

दिनांक 24.01.2017 से  खुलने वाले नये एवं नवीनीकरण खातों पर सावधि जमा योजना  की प्रभावी ब्याज दर

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The interest rate payable to UGB Staff and UGB staff pensioners will be 1.00% above the applicable rates. The rate applicable to UGB Pensioners of age 60 years and above will be .50% above the rate payable to resident Indian senior citizens i.e. UGB resident Indian Senior Citizen Pensioners will get both the benefits of Staff (1%) and resident Indian Senior Citizens (0.25%).

 The proposed rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits. The interest rates on “UGB Tax Savings Scheme” and NRO deposits shall be aligned as per the proposed rates for domestic term deposits. These rates of interest shall also be made applicable to domestic term deposits from Cooperative Banks.

 

Premature Withdrawal for amount less than 1 Crore:

(a)  For Single term deposit of less than Rs 15 lacs, in case of premature withdrawals, the interest rate shall be 1.00% below the rate applicable for the period the deposit remained with the bank or 1.00% below the contracted rate whichever is lower for all tenors provided these have remained with the bank for at least 7 days.

(b)   However, for Single term deposit of Rs 15 lacs and above but below Rs 1 Crore, for tenors below 1 year, there shall be no penalty for premature withdrawal of deposits provided these have remained with the Bank for atleast 7 days.

(c)   For Single term deposit of Rs 15 lacs and above but below Rs 1 crore, for tenors of 1 year and above in the case of premature withdrawals, the interest rate shall be 1.00% below the rate applicable for the period the deposit remained with the bank or 1.00% below the contact rate whichever is lower provided these have remained with the bank for at least 7 days.

(d)  These instructions for premature withdrawals will apply only to fresh deposits and renewed maturing deposits.

(e)   There is no discretion for reduction/waiver of penalty for premature withdrawal of term deposits.

(f)  No premature penalty will be levied from UGB staff and UGB pensioners. Interest rate to be paid on premature withdrawal of term deposits by UGB staff and UGB pensioners will be same as applicable for the period the deposit has remained with the Bank.

 Premature payment of term deposits for amount 1 Crore and above:

 a.    There shall be no penalty for premature withdrawal of bulk deposits of tenors 07 days to below one year.

 b.    In other cases of premature withdrawal, the Interest shall be 1.00% below the rate applicable for the period the deposit has remained with the Bank or 1.00% below the contracted rate, whichever is lower. However, no interest will be paid if the deposit remains for less than 7 days period.

c.    There is no discretion for reduction/waiver of penalty for premature withdrawal of term deposits

The revised rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits. The interest rates on NRO term deposits shall be aligned as per the rates for domestic term deposits. These rates of interest shall also be made applicable to domestic term deposits from Cooperative Banks.