BANKING PRODUCTS - CATEGORY WISE

Agriculture Business Cards

Corporates Demand Deposit Education

Group Insurance NRI

Personal / Individual Professional Self Employed Property

Remittance SME Technology

Term Deposit

AGRICULTURE

Agri Clinic and Agri Business Centres

Agricultural Godowns / Cold Storage

Loans for maintenance of Tractors under tie-up with Sugar Mills

SHG - Vidhya Shoba

Sugar Premium Scheme

Golden Harvest Scheme

Kisan Credit Card

Agricultural Jewel Loan Scheme

Agricultural Produce Marketing Loan

Financing Agriculturists for Purchase of Tractors

Purchase of second hand (pre-used) Tractors by Agriculturists

SHG Bank Linkage Programme - Direct Linkage to SHGs

Joint liability group (JLG)

Gramin Mahila Sowbhagya Scheme

Janashree Bhima Yojan (Launched in association with LIC)

Universal Health Care (launched in Association with UIIC Ltd)

DRI Scheme – Revised Norms

NRE SB ACCOUNTS
Agri Clinic and Agri Business Centres

Agri Clinic and Agri Business Centres

* To supplement existing extension network to accelerate the process of

Purpose / Objective technology transfer to agriculture.

* To provide gainful employment to graduates in agriculture and allied activies.

Graduates in Agriculture and Allied subjects like horticulture, animal husbandry,

Eligibility forestry, dairy, veterinary, poultry farming, pisciculture and other allied

activities etc.

* The project can be taken up whether individually or on Joint / Group basis.

Amount of Loan * The ceiling for the project cost by individual Rs.10 lakhs and for the group at

Rs.50 lakhs [@ Rs.10 lakhs per member of the groups].

* Upto Rs.5.00lakhs – No margin.

Margin
* above Rs.5.00lakhs - 15% of the project outlay.

TL-Repayment : upto 35 Months :

Amount Slab(Rs. in Lakhs) Interest Rate

Interest Rates
<0.50 BR +0.75+0.50%-11.75%

>0.50 to 2.00 BR +2.00+0.50%-13.00%

>2.00 to 5.00 BR +3.00+0.50%-14.00%

>5.00 BR +3.50+0.50%-14.50%

TL-Repayment : 36 months and above :

Amount

Slab(Rs. in Interest Rate

Lakhs)

BR +0.75+1%-
<0.50
12.25%

>0.50 to BR +2.00+1%-

2.00 13.50%

>2.00 to BR+3.00+1%-

5.00 14.50%

BR+3.50+1%-
>5.00
15.00%

Loan period between 5 to 10 years including

Repayment grace period of a maximum of 2 years

depending on the activity. [Repayment

 programme will take into account of income

generation, economic life of the asset etc.]

* Limits upto Rs.5 lakhs - Assets created out of

Bank loan.

* Limits above Rs.5.00 lakhs - Assets created

Security
out of Bank loan, Third Party Guarantee,

Mortgage of properties covering atleast 100%

of the loan exceeding Rs.2.00 lakhs.

It has been revised from Capital and Interest

subsidy to Composite subsidy which will be

back ended in nature. It will be 44% of project

cost for women, SC/ST and all categories of

candidates from NE and Hill states and 36% of

project cost for all others. In all new cases,

subsidy will be released as composite subsidy.

Subsidy Loan/subsidy will be released as Composite

subsidy. loan/subsidy (capital and interest)

cases sanctioned so far (but not closed) shall be

converted to Composite Subsidy regime and

the differential amount between the

Component Subsidy and subsidy already

released shall be paid to the agri preneurs as

per the scheme guidelines.

Agricultural Godowns / Cold Storage

For construction of new Agri godowns or cold storages, market yards, silos /

Purpose / Objective expansion of existing units / modernisation of existing units, irrespective of their

location and takeover of standard accounts of such units from other banks.

Individuals, Group of Individuals, NGOs, Association of growers, Partnership /

Proprietary firms, companies, Corporates, Co-operatives, Agri produce

Eligibility
Marketing Committees, Marketing Boards / Committees & Agro-industries

Corporations etc.

Medium term loan and short term loan for working expenses, based on the
Amount of Loan
project.

Margin 30% of Wholesale Market Price of the Produce.

Interest Rates BR+ 07.5+1.00 – 12.25%

Repayment 9 to 11Years including holiday period of 2 years(Half yearly installments)

* Hypothecation of the assets created with the bank loan.

* Hypothecation of the produce stored in the godown, if owned by the godown

Security
owner.

* Mortgage of Properties.
Loans for maintenance of Tractors under tie-up with Sugar Mills

To meet the cost of repairing and maintenance of tractors and farmers registered
Purpose / Objective
with sugar mill.

Eligibility Tractor should be less than 15 years.

i) A maximum of Rs,50000/- for repairs of tractors.

Amount of Loan ii) For replacement of engine - as per cost of engine of standard make of the

tractor.

Margin 15% of total project cost.

Amount

Slab(Rs. in Interest Rate

Lakhs)

BR+0.75+1-
<0.50
Interest Rates 12.25%

Repayment To be repaid within 12 months.

Security Third party guarantee.

Loans for maintenance of Tractors under tie-up with Sugar Mills

 To meet the cost of repairing and maintenance of tractors and farmers registered
Purpose / Objective
with sugar mill.

Eligibility Tractor should be less than 15 years.

i) A maximum of Rs,50000/- for repairs of tractors.

Amount of Loan ii) For replacement of engine - as per cost of engine of standard make of the

tractor.

Margin 15% of total project cost.

Amount

Slab(Rs. in Interest Rate

Lakhs)

BR+0.75+1-
<0.50
Interest Rates 12.25%

Repayment To be repaid within 12 months.

Security Third party guarantee.

SHG - Vidhya Shoba

Purpose / Objective To meet the educational expenses of the children of SHG members.

SHGs with a good track record / repayment, which is in existence for more than
Eligibility
2 years.

In Multiples of accumulated savings subject to maximum of six times at any

Amount of Loan time of the year depending upon educational requirements of the wards of SHG

members.

For Short Term Loan (STL) :

Amount
Interest
Slab(Rs. in
Rate
Lakhs)

BPLR less
Interest Rates Upto 2.00
1.00%

>2.00 BPLR

Repayment Repayment is over a period of 12 – 24 months.

Kisan Credit Card

Purpose / Objective *To meet the short term credit requirements for cultivation of crops
 *Post harvest expenses

*Produce Marketing loan

*Consumption requirements of farmer households

*Working capital for maintenance of farm assets and activities allied to

agriculture, like dairy animals, inland fisheries etc

*Investment credit requirements for agriculture and allied activity like pumpsets,

sprayers, dairy animals etc

*All Farmers – Individuals / Joint borrowers who are owner cultivators

*Tenant Farmers, Oral Lessees & Share Croppers

Eligibility
*Self Help Groups or Joint Liability Groups of Farmers including tenant

farmers, share croppers etc

*Assessment of crop loan component based on the scale of finance for the crop

plus insurance premium x extent of area cultivated + 10% of the limit towards

post-harvest / household/consumption requirements + 20% of limit towards

maintenance expenses of farm assets.

*Flexi KCC with simple assessment prescribed for Marginal Farmers.

*Validity of KCC for 5 years.

*For crop loans, no separate margin need to be insisted as the margin is in-built
Amount of Loan
in scale of finance.

*No withdrawal in the account to remain outstanding for more than 12 months;

no need to bring the debit balance in the account to zero at any point of time.

*Interest subvention /incentive for prompt repayment to be available as per the

Government of India and / or State Government norms.

*No processing fee up to a limit of Rs. 3.00 lakh

*One time documentation at the time of first availment and thereafter simple
 declaration (about crops raised/ proposed) by farmer.

*KCC cum SB account to be provided to farmers instead of having two separate

accounts. The credit balance in KCC cum SB accounts is to be allowed to fetch

interest at savings bank rate.

*Disbursement to be effected through various delivery channels, including ICT

driven channels like ATM/ PoS/ Mobile handsets.

*ROI linked to Base Rate. However, if Government supported interest

subvention is provided for any component of the limit, the rate of interest is to

be fixed accordingly. (Presently interest rate for short term crop loans/KCC

sanctioned to farmers up to Rs 3.00 lakh is 7% as per extant interest subvention

scheme of Government of India).

*Long term loan limit under KCC is linked to base rate.

Amount

Slab(Rs. in Interest Rate

Lakhs)
Interest Rates
Upto 3.00 7%

>3.00 to BR +

5.00 3.00+0.50%

>5.00 BR+3.50+0.50%

*Each withdrawal under the short term sub-limit

Repayment be allowed to be liquidated in 12 months

without the need to bring the debit balance in

 the account to zero at any point of time. No

withdrawal in the account should remain

outstanding for more than 12 months.

*The term loan component will be repayable

depending on the type of activity/ investment as

per the existing guidelines applicable for

investment credit

*Security will be applicable as per RBI

guidelines prescribed from time to time.

*Security requirements are as under:

**Hypothecation of crops up to card limits of

Rs 1.00 lakh as per RBI extant guidelines.

**With tie-up for recovery: Hypothecation of

Crops up to card limit of Rs.3.00 lakh without

insisting on collateral security.

Security
**Collateral security by way of mortgage of

immovable property is to be obtained for loan

limits above Rs.1.00 lakh in case of non tie-up

and above Rs.3.00 lakh in case of tie-up

advances.

*In States where banks have the facility of

online creation of charge on the land records,

the same shall be ensured.

Kisan Credit Card

*To meet the short term credit requirements for cultivation of crops

*Post harvest expenses

*Produce Marketing loan

*Consumption requirements of farmer households

Purpose / Objective
*Working capital for maintenance of farm assets and activities allied to

agriculture, like dairy animals, inland fisheries etc

*Investment credit requirements for agriculture and allied activity like pumpsets,

sprayers, dairy animals etc

*All Farmers – Individuals / Joint borrowers who are owner cultivators

*Tenant Farmers, Oral Lessees & Share Croppers

Eligibility
*Self Help Groups or Joint Liability Groups of Farmers including tenant

farmers, share croppers etc

*Assessment of crop loan component based on the scale of finance for the crop

plus insurance premium x extent of area cultivated + 10% of the limit towards

post-harvest / household/consumption requirements + 20% of limit towards

maintenance expenses of farm assets.

*Flexi KCC with simple assessment prescribed for Marginal Farmers.

Amount of Loan
*Validity of KCC for 5 years.

*For crop loans, no separate margin need to be insisted as the margin is in-built

in scale of finance.

*No withdrawal in the account to remain outstanding for more than 12 months;

no need to bring the debit balance in the account to zero at any point of time.
 *Interest subvention /incentive for prompt repayment to be available as per the

Government of India and / or State Government norms.

*No processing fee up to a limit of Rs. 3.00 lakh

*One time documentation at the time of first availment and thereafter simple

declaration (about crops raised/ proposed) by farmer.

*KCC cum SB account to be provided to farmers instead of having two separate

accounts. The credit balance in KCC cum SB accounts is to be allowed to fetch

interest at savings bank rate.

*Disbursement to be effected through various delivery channels, including ICT

driven channels like ATM/ PoS/ Mobile handsets.

*ROI linked to Base Rate. However, if Government supported interest

subvention is provided for any component of the limit, the rate of interest is to

be fixed accordingly. (Presently interest rate for short term crop loans/KCC

sanctioned to farmers up to Rs 3.00 lakh is 7% as per extant interest subvention

scheme of Government of India).

*Long term loan limit under KCC is linked to base rate.

Amount
Interest Rates
Slab(Rs. in Interest Rate

Lakhs)

Upto 3.00 7%

>3.00 to BR +

5.00 3.00+0.50%

>5.00 BR+3.50+0.50%
 *Each withdrawal under the short term sub-limit

be allowed to be liquidated in 12 months

without the need to bring the debit balance in

the account to zero at any point of time. No

withdrawal in the account should remain

Repayment outstanding for more than 12 months.

*The term loan component will be repayable

depending on the type of activity/ investment as

per the existing guidelines applicable for

investment credit

*Security will be applicable as per RBI

guidelines prescribed from time to time.

*Security requirements are as under:

**Hypothecation of crops up to card limits of

Rs 1.00 lakh as per RBI extant guidelines.

**With tie-up for recovery: Hypothecation of

Security Crops up to card limit of Rs.3.00 lakh without

insisting on collateral security.

**Collateral security by way of mortgage of

immovable property is to be obtained for loan

limits above Rs.1.00 lakh in case of non tie-up

and above Rs.3.00 lakh in case of tie-up

advances.
 *In States where banks have the facility of

online creation of charge on the land records,

the same shall be ensured.

Gramin Mahila Sowbhagya Scheme

To finance the rural women in purchase of consumer goods like mixie, gas,
Purpose / Objective
stove, TV, 50CC and less two wheelers etc.

* Married rural, semi urban and urban women engaged in agriculture or

activities allied to agriculture.

Eligibility
* Aged between 18 to 55years.

* Minimum family income should be RS.2500 p.a.

* Minimum – Rs.5000/-
Amount of Loan
* Maximum – Rs.15000/- (depending upon the land holding).

Margin 5% of the project cost.

Repayment 12 Quarterly installments without holiday period.

* Hypothecation Of the asset purchased out of the loan amount.

Security
* Guarantee of the spouse / family member of the women who owns the land.

Other Requirements/Details BR+5.00%+0.50%=16.00%

DRI Scheme – Revised Norms

To lend at a concessional rate of interest, i.e. @ 4% p.a. for productive / self

Purpose / Objective
employment ventures.

* Scheduled Cases/Scheduled Tribes and others engaged on a very modest scale

in Agriculture and / or allied agricultural activities.

* People who themselves collect or do elementary processing of forest products

and people who themselves collect fodder in difficult areas and sell them to

farmers and traders.

* People physically engaged on a modest scale in the fields of cottage and rural
Target Group
industries and vocations - e.g.: cutting cloth and sewing garments, making

reasonably cheap eatables, home delivery service of articles and commodities of

daily use, running wayside tea stalls, plying of manual rickshaws and cycle

rickshaws, repairing of shoes sandals mainly by hand, basket making by hand

etc.

* Physically handicapped persons pursuing gainful occupation.

* Family income not exceeding Rs.18, 000/- p.a. in rural areas and Rs.24, 000/-

p.a. urban / semi urban areas.

* Land holding does not exceed 1 acre irrigated or 2.5 acres in case of un-

irrigated land.

Eligibility * SCs/STs are eligible for loan irrespective of their land holding, provided they

satisfy other eligibility criteria.

* The beneficiary largely works on his own and with such help as other

members of his family.

* The beneficiary should not have another source of finance while DRI loan
 exists.

* Maximum of Rs.15,000/- by way of terms loan and / or working capital.

* The maximum limit for housing loans under the scheme is Rs.20,000/-

Amount of Loan * In the case of physically handicapped persons, a sum of Rs.5,000/- for

purchase of aids, appliances and equipments may be granted, apart from the loan

amount of Rs.15,000/-.

1. Orphanages and Women’s homes.

2. Institutions for physically handicapped.

DRI through Institutions
3. State Corporations for SC / ST.

4. State Minority Finance / Development Corporation.

* 1% of the total advances as at the end of the previous year.

* 40% of the bank credit under the scheme should flow to the eligible borrowers

Target belonging to Scheduled Castes and Scheduled Tribes.

* Not less than 2/3rd of the advances under the scheme are to be routed through

Rural and Semi urban branches.

* Maximum of 5 years.

* In case of housing loans, the repayment period is extendable to 7 years in

Repayment hardship cases.

* Installments to be fixed monthly or otherwise depending on income

generation.

Security Hypothecation of assets purchased out of loan.

NRE SB ACCOUNTS

1. Accounts can be opened by remittances from abroad,deposit of foreign

exchange brought into India , transfer from existing self NRE/FCNR accounts.

2. Accounts can be opened jointly with any other Non-Resident Indian /

Residents who are close relatives (as defined in Section 6 of the Companies Act

Eligibility 1956) of the NRI.

3. Joint account with resident close relatives is permitted only under Former

(NRI) or Survivor (resident) basis.

4 Non-Resident Indians can appoint residents to operate their NRE accounts for

local payments through a power of attorney.

1. Withdrawals for local payments or payments abroad in any convertible

currency are allowed as per the extant RBI guidelines.

2. Standing instructions can be undertaken for periodic payments of insurance

Benefits premia, school fees, etc.

3. Funds from these accounts are freely repatriable.

4. Nomination facility is available. - Nominee can either be a resident in India or

a resident outside India .

1. Interest on the deposit is free of Indian Income Tax.

Tax Benefit 2. Use of NRE accounts is obligatory for channelising funds for all repatriable

investments in India (including investments in shares and securities).

Salient Features 1. Deposit scheme where balance are maintained in Indian Rupees.

Subject : Business
IND STAR Rice Mill

IND SME Secure

IB Tradewell

Loan / OD against NSC / KVP / Relief bonds of RBI / LIC policies

Loan / OD against Deposits

Current Account

Premium Current A/c with Sweep Facility

e Payment of Direct Taxes

ATM/Debit Cards

CMS Plus

IndJet Remit (RTGS)

NEFT

MCA Payment

e Payment of Indirect Taxes

Ind Phonebanking

Ind Mobilebanking

Ind Netbanking
IND STAR Rice Mill

Purpose / Objective Financing rice mills through out the country.

Eligibility Rice Mills under MSME ( Fresh as well as existing )

Amount of Loan Depending on the project cost

* Stocks - Limits less than Rs.1.00 crore - 20% --Limits Rs.1.00 crore & above -

25%
Margin
* Book Debts - 25% ( upto 90 days duration)

* Term Loan - New machines - 25% --Land & Bldg - 30%

Interest Rates Please see the Interest Rate link on home page

Repayment Max. 7 years for TL including holiday period of 12 months.

* Loan upto Rs.10.00 lacs - Hypothecation of assets created

Security * Loan above Rs.10.00 lacs - Hypothecation of assets created

* EM of property

Financing of rice mills for purchase of machines / modernisation and working

Salient Features
capital needs

IND SME Secure

Eligibility All MSME accounts - existing as well as fresh

Amount of Loan Minimum exposure- above- Rs.10 lakh

 Maximum Exposure

Rs.10.00 Crore per borrower

Rs.25 crore per group

25% on stocks and book debts

25% on plant & machinery

Margin
10% cash margin on NFB

30% on Building

Interest Rates Please see the Interest Rate link on home page

Subject to availability of cash flow / DSCR to service term loan as per

Repayment
norms.

Hypothecation of stocks, book debts, plant & machinery

Security EM of factory property

Value of RBI bonds, NSC shall be accepted as collateral security

Financing the MSMEs based on collateral security coverage.

Salient Features
Minimum collateral requirement -75% of the limits

IB Tradewell

Traders/ Trading Enterprises having minimum 3 years experience with good

Eligibility
standing in the market.

* Maximum exposure per borrower : Rs. 10.00 crores

Amount of Loan
* Of which Ceiling as under --Working capital (FB & NFB) Rs 10.00 crore --
 Term Loan Upto Rs 2.00 crore

* Stocks - 15 %
Margin
* Book Debts - 15% ( upto 90 days duration)

Interest Rates Please see the interest rate link on the home page

Repayment Maximum 60 months (excluding holiday period of 6 months)

Security Financing the MSME Traders based on property security coverage.

A Scheme for Wholesalers and Retailers to meet the following purposes: to meet

the working capital needs of trading activities and to meet the term loan
Salient Features
requirements for purchase / setting up infrastructure like hoarding, show cases,

basic offices, amenities, purchase of delivery van etc.

Loan / OD against Deposits

Eligibility Term Deposit Holder of our Bank.

Amount of Loan 90% of accrued value of deposit.

Margin 10% on accrued value of deposit.

* Flexible.
Repayment
* Maximum upto date of maturity of deposit.

Prepayment charges Interest Rate: 2% over the applicable rate for the Term Deposit pledged.

Security Pledge of Term Deposit.

Salient Features For any bankable purpose.

Current Account

Salient Features Ordinary Current Account

Min Amt Quarterly average balance – Rs.5000 prescribed

• Suitable for all type of customers

• ECS/RTGS/NEFT facilities are available

• Nomination facility for individuals and sole proprietor concerns, Multicity

Other Requirements/Details
cheque facility, Intra city, intercity transactions are permitted in CBS branches

• Free ATM card cum Debit card

• No charges for Intra city transactions

Premium Current A/c with Sweep Facility

• Minimum 15 days to 180 days

Period • For MOD (STD) deposits of 7 days to 14 days – Minimum deposit amt will be

Rs.1 lakh (i.e.,Push will be in multiples of Rs..1 lakh)

• Minimum 15 days to 180 days

Income Criteria • For MOD (STD) deposits of 7 days to 14 days – Minimum deposit amt will be

Rs.1 lakh (i.e.,Push will be in multiples of Rs..1 lakh)

• Interest will be paid at the time of maturity / closure

• Suitable for Corporates, Traders, Businessmen, Entrepreneurs and HNI’s

• Customer can issue the cheque freely upto the balance in the MOD

• Frequency of transfer to MOD daily – (Period - Minimum 7 days, Maximum

180 days)

• 6 DDs at par upto a maximum of Rs.3 lakhs per quarter each not exceeding

Rs.50000/- and no charges for stop payment and signature attestation

• No charges for Intra / Inter city transactions

Value added
• ATM / Debit card One year from the date of first use – FREE

• Non maintenance of minimum balance - If the average minimum balance in the

Current Account falls below Rs.1,00,000/-, i.e. if the total products are less than

90,00,000 in a quarter, a penalty of Rs.570/- per quarter inclusive of Service Tax

will be levied.

• Push Sweep - The amounts lying in the Account over the threshold balance,

will be transferred to STD automatically in multiples of Rs.10,000/- .

• Pull Sweep - A cheque received for payment or an ATM withdrawal, and the
 balance in the CA is not sufficient, on Last In First Out (LIFO) basis, the latest

MOD (STD) will be prematurely closed and transferred automatically to CA to

meet the payment. The PULL Sweep will be in multiples of Rs. 10,000- only

and the customer has no option to change the same

• A Current Account with an option to convert your excess funds in the account

to Term Deposit on a daily basis.

Salient Features • Daily sweep available min Rs.10000 and multiples

• Customer can issue the cheque freely upto the balance in the MOD (multi

option deposit ) plus the balance in the Current Account

• STD upto 180 days

• Minimum Quarterly average balance Rs.1 lakh -(Total products of

Rs.90,00,000 per quarter i.e. 90 days X Rs.1,00,000/-)

Min Amt • Threshold limit Rs.2,00,000/-(i.e. Sweep would be effected only when the

balance exceeds Rs.2,00,000/-)

• Cut off balance for transferring to MOD A/c (threshold balance) will be

Rs.2,00,000 or more, at the option of the depositor.

ATM/Debit Cards

Eligibility Our Savings Bank and Current account customers

Our 24 hour Hi-powered, value-added ATM cum Debit card , just the size of a

visiting card, is the passport to the facilities available with ATM and for
Salient Features
shopping at Merchant establishment. It brilliantly complements customer's

ambitions, offering more value, more excitement, more service, more extras.

* It can be used in more than 30000 ATMs of various banks.

* The Maestro Debit cards can be used for purchase of merchandize/services

from commercial establishments/service organisations that display the

"Mastercard", "Maestro" and "Cirrus" logo.

* There are 23 million POS terminals and 1 million ATMs globally that accept

Maestro Debit Cards.

* In India, over 1,50,000 POS terminals and more than 15000 ATMs are

available that accept Maestro Debit Cards.

Other Requirements/Details * Round-the-clock cash withdrawals.

* 24 hrs cash and cheque deposits.

* Request can be given for a cheque book through ATM.

* Customer can use the following Bank's ATMs : Punjab National Bank,

Oriental Bank of Commerce, Karur Vysya Bank, IndusInd Bank, UCO Bank,

Bank of India, United Bank of India, Union Bank of India, Syndicate Bank,

Dena Bank, Bank of Rajasthan, Bank of Maharastra, Karnataka Bank, Indian

Overseas Bank, Allahabad Bank, Bank of Baroda, City Union Bank,

Corporation Bank, Development Credit Bank, ICICI Bank, IDBI Bank,

 Tamilnad Mercantile Bank Ltd, The Cosmos Cooperative Bank Ltd, The

Dhanalakshmi Bank Ltd., The Jammu and Kashmir Bank Ltd, The South Indian

Bank Ltd., YES Bank Ltd, State Bank of India and its Associate Banks and

Andhra Bank.

* It can be used in ATMs of HDFC Bank, Citi Bank, Standard Chartered Bank,

HSBC Bank, etc., that accept MasterCard / Maestro / Cirrus cards.

* Issued FREE of charge

NEFT

Any customer of a CBS Branch for any amount.

Eligibility
For non-customers NEFT is available against cash remittance up to Rs.50000/-

Transfer of funds to any account in any bank branch enabled for NEFT within
Salient Features
the same day.

* Any amount can be remitted.

* Customer is required to provide beneficiary's account number, name, address,

bank and branch name.

* The beneficiary's bank account is credited on the same day. (If the remittance

is in the afternoon, the amount may be credited on the next day).

Other Requirements/Details
Only Customer Transactions

Week days 08.00 A M to 07.00 P M

( Settlement in hourly batches )

Saturdays 08.00 A M to 01.00 P M

( Settlement in hourly batches )

MCA Payment

On line : Customers having net banking facility with us. Offline : Corporates and

Eligibility other individuals who have to pay charges, fees to Registrar of Companies

(ROC) for Ministry of Corporate Affairs.

Salient Features Payments for MCA can be made online through internet banking service.

* Visit website http://www.mca.gov.in (or) https://www.indianbank.net.in.

Other Requirements/Details * The user has to choose Indian Bank in the MCA website.

* Can be paid by both offline and online

e Payment of Indirect Taxes

On line : Customers having net banking facility with us. Offline : Assessees who
Eligibility
want to pay their indirect taxes.

Salient Features Customers can pay taxes like excise duty and service tax through internet

* Visit the Website : https://www.indianbank.net.in.

* Both offline and online.

Other Requirements/Details
* Indian Bank is not liable for non-availability of services due to reasons beyond

the controls of the bank.

Ind Phonebanking

Eligibility Customers having Savings Bank, Current Account with us

Salient Features Customers can call for enquiries anytime, anywhere through telephone.

* Call telephone toll free 1800-425-3425.

* Customer can do the balance enquiry.

* Customer can have their account details.

* Customer can have the issued cheque status.

Other Requirements/Details
* Customer can have the deposited cheque status.

* Indian Bank is not liable for non-availability of services due to reasons beyond

the controls of the bank.

* Charges : Free

Ind Netbanking

Eligibility Customers having Savings Bank, Current Account with us

Customers can use the internet to do their banking at the convenience of their
Salient Features
home

* Visit the Website : https://www.indianbank.net.in.

* Customer can view their accounts.

* Customer can get the statement of account.

* Customer can transfer funds to his own accounts.

Other Requirements/Details
* Customer can transfer funds to other Indian Bank accounts.

* Customer can remit funds to anyone having account with any bank through

RTGS/NEFT (charges applicable as per RTGS/NEFT).

* Customer can know the cheque details.

 * Indian Bank is not liable for non-availability of services due to reasons beyond

the controls of the bank.

* Charges for Net Banking facility : Free.

* DP account maintained with Indian Bank can be viewed.

At present the following payments can be made through netbanking :

* AP online

* TNEB Payment

* IRCTC (Rail ticket) Payment

* IBMBS Payment

* Incometax/TDS Payment

* Service Tax Payment

* Central Excise Payment

* MCA 21 Payment

SUBJECT : CARDS

Kisan Credit Card

ATM/Debit Cards

Credit Cards

Kisan Credit Card

 *To meet the short term credit requirements for cultivation of crops

*Post harvest expenses

*Produce Marketing loan

*Consumption requirements of farmer households

Purpose / Objective
*Working capital for maintenance of farm assets and activities allied to

agriculture, like dairy animals, inland fisheries etc

*Investment credit requirements for agriculture and allied activity like pumpsets,

sprayers, dairy animals etc

*All Farmers – Individuals / Joint borrowers who are owner cultivators

*Tenant Farmers, Oral Lessees & Share Croppers

Eligibility
*Self Help Groups or Joint Liability Groups of Farmers including tenant

farmers, share croppers etc

*Assessment of crop loan component based on the scale of finance for the crop

plus insurance premium x extent of area cultivated + 10% of the limit towards

post-harvest / household/consumption requirements + 20% of limit towards

maintenance expenses of farm assets.

*Flexi KCC with simple assessment prescribed for Marginal Farmers.

*Validity of KCC for 5 years.

Amount of Loan *For crop loans, no separate margin need to be insisted as the margin is in-built

in scale of finance.

*No withdrawal in the account to remain outstanding for more than 12 months;

no need to bring the debit balance in the account to zero at any point of time.

*Interest subvention /incentive for prompt repayment to be available as per the

Government of India and / or State Government norms.

*No processing fee up to a limit of Rs. 3.00 lakh

 *One time documentation at the time of first availment and thereafter simple

declaration (about crops raised/ proposed) by farmer.

*KCC cum SB account to be provided to farmers instead of having two separate

accounts. The credit balance in KCC cum SB accounts is to be allowed to fetch

interest at savings bank rate.

*Disbursement to be effected through various delivery channels, including ICT

driven channels like ATM/ PoS/ Mobile handsets.

*ROI linked to Base Rate. However, if Government supported interest

subvention is provided for any component of the limit, the rate of interest is to

be fixed accordingly. (Presently interest rate for short term crop loans/KCC

sanctioned to farmers up to Rs 3.00 lakh is 7% as per extant interest subvention

scheme of Government of India).

*Long term loan limit under KCC is linked to base rate.

Amount

Slab(Rs. in Interest Rate

Interest Rates Lakhs)

Upto 3.00 7%

>3.00 to BR +

5.00 3.00+0.50%

>5.00 BR+3.50+0.50%

*Each withdrawal under the short term sub-limit

Repayment
be allowed to be liquidated in 12 months
 without the need to bring the debit balance in

the account to zero at any point of time. No

withdrawal in the account should remain

outstanding for more than 12 months.

*The term loan component will be repayable

depending on the type of activity/ investment as

per the existing guidelines applicable for

investment credit

*Security will be applicable as per RBI

guidelines prescribed from time to time.

*Security requirements are as under:

**Hypothecation of crops up to card limits of

Rs 1.00 lakh as per RBI extant guidelines.

**With tie-up for recovery: Hypothecation of

Crops up to card limit of Rs.3.00 lakh without

insisting on collateral security.

Security
**Collateral security by way of mortgage of

immovable property is to be obtained for loan

limits above Rs.1.00 lakh in case of non tie-up

and above Rs.3.00 lakh in case of tie-up

advances.

*In States where banks have the facility of

online creation of charge on the land records,

the same shall be ensured.

Credit Cards

Gold and Classic cards : Indian Nationals and NRIs in the age group of 18-80

Eligibility years.

Bharat cards : Indian Nationals in the age group of 25-60 years.

Salient Features VISA cards available in three variants : Gold, Classic and Bharat cards

* Gold and Classic cards are Global cards and Bharat cards are domestic cards.

* Revolving credit

Gold card : Rs.75001 to Rs.3 lakhs.

Classic cards : Rs.25000 to Rs.75000

Bharat Cards : Rs.10000 to Rs.20000.

* Upto 4 add on cards can be issued for Gold/Classic cards.

* Insurance cover on death due to accident is available.

Other Requirements/Details * Baggage cover is available.

* Credit Shield on death is available.

* Purchase protection cover is available.

* No Joining / annual membership fee.

* Card holder can avail reimbursement of loyalty points (Rs.1/= for every

Rs.200/= spent.)

* Interest free credit period for purchases : Minimum - 15 days and Maximum -

upto 45 days.
ATM/Debit Cards

Eligibility Our Savings Bank and Current account customers

Our 24 hour Hi-powered, value-added ATM cum Debit card , just the size of a

visiting card, is the passport to the facilities available with ATM and for
Salient Features
shopping at Merchant establishment. It brilliantly complements customer's

ambitions, offering more value, more excitement, more service, more extras.

* It can be used in more than 30000 ATMs of various banks.

* The Maestro Debit cards can be used for purchase of merchandize/services

from commercial establishments/service organisations that display the

"Mastercard", "Maestro" and "Cirrus" logo.

* There are 23 million POS terminals and 1 million ATMs globally that accept

Maestro Debit Cards.

* In India, over 1,50,000 POS terminals and more than 15000 ATMs are

available that accept Maestro Debit Cards.

* Round-the-clock cash withdrawals.

Other Requirements/Details
* 24 hrs cash and cheque deposits.

* Request can be given for a cheque book through ATM.

* Customer can use the following Bank's ATMs : Punjab National Bank,

Oriental Bank of Commerce, Karur Vysya Bank, IndusInd Bank, UCO Bank,

Bank of India, United Bank of India, Union Bank of India, Syndicate Bank,

Dena Bank, Bank of Rajasthan, Bank of Maharastra, Karnataka Bank, Indian

Overseas Bank, Allahabad Bank, Bank of Baroda, City Union Bank,

Corporation Bank, Development Credit Bank, ICICI Bank, IDBI Bank,

Tamilnad Mercantile Bank Ltd, The Cosmos Cooperative Bank Ltd, The
Dhanalakshmi Bank Ltd., The Jammu and Kashmir Bank Ltd, The South Indian

Bank Ltd., YES Bank Ltd, State Bank of India and its Associate Banks and

Andhra Bank.

* It can be used in ATMs of HDFC Bank, Citi Bank, Standard Chartered Bank,

HSBC Bank, etc., that accept MasterCard / Maestro / Cirrus cards.

* Issued FREE of charge

CORPORATES

Multicity Cheque Facility

CMS Plus

NEFT

IndJet Remit (RTGS)

MCA Payment

e Payment of Indirect Taxes

e Payment of Direct Taxes

External Commercial Borrowing

Multicity Cheque Facility

Eligibility Customers having Savings Bank, Currenct account, OD/OCC accounts.

Salient Features Cheques can be issued to beneficiaries all over India

* Customers can withdraw cash either by self cheque or issue third party cash

cheque up to Rs.50000/= per occasion.

* Minimum Balance :

Savings Bank : Monthly average balance Rs.10000/-.

Other Requirements/Details
Current Account : Monthly average balance Rs.50000/-.

OD/OCC accounts : Minimum credit limit Rs.5 lakhs.

* Charges for non-maintenance of minimum balance : please refer service

charges link.
 * Charges for multi city cheque facility : please refer service charges link.

* All charges will be debited to Drawer's account only.

CMS Plus

All corporates/PSUs (no turnover stipulation) and other entities with annual

Eligibility turnover of Rs.25 crores, having receivables from / payable to different

locations.

Salient Features A bundle of collection and payment services offered for clients.

* Collection services : Local & Outstation cheques, cash, ECS debit, direct

debit, Inward RTGS/NEFT, Cash, Cheques, DDs etc. can be deposited in to

collection account at any CBS branch.

* Payment services : Multicity cheques, RTGS/NEFT/Issuing of bulk DDs,

ECS, Dividend Warrant, Interest warrant, Statutory payments like government

taxes, etc.

Other Requirements/Details * Clear funds are credited on a daily basis to the current account maintained with

the branch, where the customer is having account or to any other bank by

RTGS/NEFT.

* Value added facilities like customized MIS reports, cheque purchase facility,

collection of instruments at doorstep, etc.

* Online realtime viewing of cheque status, facility for generation of reports,

mail box etc.

NEFT

Any customer of a CBS Branch for any amount.

Eligibility
For non-customers NEFT is available against cash remittance up to Rs.50000/-

Transfer of funds to any account in any bank branch enabled for NEFT within
Salient Features
the same day.

* Any amount can be remitted.

* Customer is required to provide beneficiary's account number, name, address,

bank and branch name.

* The beneficiary's bank account is credited on the same day. (If the remittance

is in the afternoon, the amount may be credited on the next day).

Other Requirements/Details
Only Customer Transactions

Week days 08.00 A M to 07.00 P M

( Settlement in hourly batches )

Saturdays 08.00 A M to 01.00 P M

( Settlement in hourly batches )

e Payment of Indirect Taxes

On line : Customers having net banking facility with us. Offline : Assessees who
Eligibility
want to pay their indirect taxes.

Salient Features Customers can pay taxes like excise duty and service tax through internet

Other Requirements/Details * Visit the Website : https://www.indianbank.net.in.

 * Both offline and online.

* Indian Bank is not liable for non-availability of services due to reasons beyond

the controls of the bank.

e Payment of Direct Taxes

On line : Customers having net banking facility with us. Offline : Assessees who
Eligibility
want to pay their indirect taxes.

Salient Features Customers can pay income tax through internet

* Visit the website : www.tin-nsdl.com (or) www.incometaxindia.gov.in.

* Can be paid by both offline and online.

Other Requirements/Details
* Indian Bank is not liable for non-availability of services due to reasons beyond

the controls of the bank.

External Commercial Borrowing

Eligibility As per RBI guidelines, resident borrowers.

Amount of Loan ECBs can be raised upto USD 500 millions

Upto 20 million USD - minimum average matuity peiod of 3 yeas.

Repayment Above 20 million and upto 500 million USD - minimum average maturity period

of 5 years.

Resident borrowers can raise external commercial borrowings (ECB) from

Salient Features
recognised international financial institutions.

Other Requirements/Details ECBs are classified under two heads : 1. Automatic Route and 2. Apporval
 Route.

ECB under approval route are to be forwarded to RBI, Mumbai.

Norms to be observed :

While processing the form ECB, branches must ensure the following :

The form ECB is submitted alongwith form 83 in duplicate, duly certified by the

Company Secretary or Chartered Accountant for allotment of loan registration

number.

Identity of the customer is to be established as per KYC norms, as spelt out in

HO:O&M circular No.24/2003-04 dated 25/02/2004.

Bonafides of the transaction are verified.

Overseas lender talls under any of the recognised categories as rescribed by RBI.

Necessary caution is exercised so that the transaction complies with Anti money

laundering norms.

Prior approval from the Circle Head is to be obtained before forwarding the

application to RBI.

DEMAND DEPOSIT

Non-Resident Ordinary Account

NRE FD/ RIP/ RD ACCOUNTS

Capital Gains

Premium Current A/c with Sweep Facility

Current Account

VIKAS SAVINGS KHATA – a no frills Savings Bank account

 SB Platinum with Sweep Facility

SB - Power Account for Achievers (PAFA)

IB Smart Kid SB a/c ( for children of age 1 day to less than 18 years)

Savings Bank

Multicity Cheque Facility

Non-Resident External (Rupee) Account

Foreign Currency Non-Resident Account

Resident Foreign Currency account for Returning Indians

SB Silver

SB Gold

Non-Resident Ordinary

Account

1. Standing instructions can be undertaken for periodic payments of insurance

premia, school fees, etc.

2. Loans are permitted against the security of NRO term deposits as per the

prevailing RBI guidelines.

Benefits
3. Nomination facility is available.

4. Interest on the deposit is taxable under Indian Income Tax

5. Funds held in these accounts by NRIs can be repatriated up to USD 1 million

after payment of applicable taxes, as per the extant RBI guidelines

Type of account Account can be opened in the form of current, savings, recurring and term
 deposits.

1. Accounts can be opened by remittances from abroad, deposit of foreign

exchange brought into India , transfer from existing self NRE/FCNR accounts.

2. Accounts can be opened jointly with resident Indian / NRI.

Salient Features 3. Non-Resident Indians can appoint residents to operate their NRO accounts for

local payments through a power of attorney.

4. Withdrawals for local payments allowed as per the prevailing RBI guidelines.

5. Account can be opened only in Indian rupees

NRE FD/ RIP/ RD ACCOUNTS

1. Accounts can be opened by remittances from abroad,deposit of foreign

exchange brought into India , transfer from existing self NRE/FCNR accounts.

2. Accounts can be opened jointly with any other Non-Resident Indian /

Residents who are close relatives (as defined in Section 6 of the Companies Act

Eligibility 1956) of the NRI.

3. Joint account with resident close relatives is permitted only under Former

(NRI) or Survivor (resident) basis.

4 Non-Resident Indians can appoint residents to operate their NRE accounts for

local payments through a power of attorney.

1. The maturity proceeds of deposits as well as interest earned are freely

repatriable.

Benefits 2. Loans are permitted against the deposits up to a maximum of Rs.100 lakhs, as

per the extant RBI guidelines.

3. Subsequent to de regulation measure announced by RBI, interest rates offered

 by our Bank on NRE term deposits have been upwardly revised and they are

highly competitive in the industry.

4. Nomination facility is available. - Nominee can either be a resident in India or

a resident outside India .

Salient Features 1. Deposit schemes for NRIs Maintained in Indian Rupees.

Min Period 1 year

Max Period 10 years

Savings Bank

Interest
In January and July on a daily product basis
Rates

• ECS/RTGS/NEFT facilities are available

• Two cheque books of 2x20 leaves free in a calendar year for cheque operated SB accounts

• Collection of local cheques free

• Collection of Outstation cheques with the presecibed charges

• No charges for Intra city transactions

Salient • ICOOC ( Local / Outstation) facility available

Features • ATM cards/Debit cards are provided free of cost

• 24 hrs ATM facility with arrangements with various banks for sharing of their ATMs

• Multicity cheque facility Intra city, intercity transactions,Internet/ mobile /phone banking facilities

are available at all branches

• 50 withdrawals permitted free per half year

• No TDS on interest earned on SB deposits

 • Minimum amount- Rs.250/- for non cheque operation
Min
• Minimum balance of Rs.500/- for cheque operation
Amt
• Lesser minimum balance for pensioners and bonafide students

Savings

Bank

Interest Rates In January and July on a daily product basis

• ECS/RTGS/NEFT facilities are available

• Two cheque books of 2x20 leaves free in a calendar year for cheque operated

SB accounts

• Collection of local cheques free

• Collection of Outstation cheques with the presecibed charges

• No charges for Intra city transactions

• ICOOC ( Local / Outstation) facility available

Salient Features
• ATM cards/Debit cards are provided free of cost

• 24 hrs ATM facility with arrangements with various banks for sharing of their

ATMs

• Multicity cheque facility Intra city, intercity transactions,Internet/ mobile

/phone banking facilities are available at all branches

• 50 withdrawals permitted free per half year

• No TDS on interest earned on SB deposits

• Minimum amount- Rs.250/- for non cheque operation

Min Amt • Minimum balance of Rs.500/- for cheque operation

• Lesser minimum balance for pensioners and bonafide students

 1. Non Resident Indians (NRI) are permitted to open and maintain the account.

2. Deposits can be opened only in the form of term deposits with a minimum

maturity period of 1 year and for a maximum period of five years.

3. Deposits are accepted in US dollars, Great Britain Pound, Euro, Canadian

Eligible Applicants &
dollars, and Australian dollars.
Requisites
4. Deposits can be made by remittance from abroad, or by funds held in existing

NRE accounts.

5. Accounts can be opened jointly with other Non-Resident Indians.

6. Interest is compounded every half year.

1.Loan facility is available upto a maximum of 20 lacs.

2. Repatriation of principal and interest is freely permitted.

3. Nomination facility is available.

4. Interest earned on the account is free from income tax.

Facilities
5. Application form for opening FCNR(B) deposits is available in our bank’s

website www.indianbank.in, which may be used for opening account with

specific indication for the type of account required.

6. Acceptance of power of attorney is not allowed.

EDUCATION

SHG - Vidhya Shoba

Educational Loan

IB Balavidhya Scheme
New IB Jeevan Vidya
SHG - Vidhya Shoba

Purpose / Objective To meet the educational expenses of the children of SHG members.

SHGs with a good track record / repayment, which is in existence for more than
Eligibility
2 years.

In Multiples of accumulated savings subject to maximum of six times at any

Amount of Loan time of the year depending upon educational requirements of the wards of SHG

members.

For Short Term Loan (STL) :

Amount
Interest
Slab(Rs. in
Rate
Lakhs)

BPLR less
Upto 2.00
1.00%
Interest Rates
>2.00 BPLR

Repayment Repayment is over a period of 12 – 24 months.

* BPLR and BASE RATE -

Available in Home Page

New IB Jeevan Vidya

Who is eligible? All educational loan borrowers (Student)

Reimbursement of Expenses For treatment while the insured is away at these places either on holiday or

- Nepal & Bhutan in INR business purposes. Cashless facility however is not offered under this extension

Age at Entry 16 - 50years

Maximum age at exit 60 years

Sum Assured Balance outstanding at the time of death or limit sanctioned which ever is less

Cover upto Rs.15.00lakh (for studies in India)

Coverage
Cover up to Rs.25.00lakh (for studies abroad)

Premium One time Single Premium - Financed by Bank

Waiting Period First 45days (except death due to accident)

By arrangement with LIC of India

Minimum period of 3years and maximum of 12years (course period +

repayment holiday + repayment period subject to maximum of 12 years)

Period of cover
Cover ceases at the age of 60years or on full adjustment of loan whichever is

earlier

Required in the following cases :-

1. Loan exceeding Rs.5.00lakhs for the age group of 46 & above.

Medical Check Up
2. Loan exceeding Rs.10.00lakhs for the age group of 36 & above.

3. Loan exceeding Rs.15.00lakhs for the age group of 35 above.

Tax Benefit Income tax rebate u/s 80C for the premium paid.
IB Balavidhya Scheme

* Salaried class * Employees in public sector/reputed companies * Professional

Eligibility self employed with minimum 3 years of satisfactorily operated SB account with

our Branch.

Amount of Loan Actual expenses – maximum of r.30,000/- per family

Margin 5%

Interest Rates Please refer Lending Rates link on home page in our Bank’s Website

Processing fee Rs. 300/- per application

Repayment 10 EMI to commence from the next month of disbursement.

Employer’s sponsorship/ Salary Account with our Bank/Authorisation to debit

Security
SB a/c/Post Dated Cheques

To meet the cost of admission fees and term fees, cost of books, uniforms,

Salient Features computer fees, transportation cost (if provided by the school) and duly certified

by the respective school authority on yearly basis.

* Donation/Capitation fee is not eligible. * Children studying LKG to XII

standard in any recognized school/ Govt. aided schools/Approved by Board of

Other Requirements/Details
Education are eligible. * Roll over can be permitted every year, based on the

progress of the stude

New IB Jeevan Vidya

Who is eligible? All educational loan borrowers (Student)

Reimbursement of Expenses For treatment while the insured is away at these places either on holiday or

- Nepal & Bhutan in INR business purposes. Cashless facility however is not offered under this extension

Age at Entry 16 - 50years

Maximum age at exit 60 years

Sum Assured Balance outstanding at the time of death or limit sanctioned which ever is less

Cover upto Rs.15.00lakh (for studies in India)

Coverage
Cover up to Rs.25.00lakh (for studies abroad)

Premium One time Single Premium - Financed by Bank

Waiting Period First 45days (except death due to accident)

By arrangement with LIC of India

Minimum period of 3years and maximum of 12years (course period +

repayment holiday + repayment period subject to maximum of 12 years)

Period of cover
Cover ceases at the age of 60years or on full adjustment of loan whichever is

earlier

Required in the following cases :-

1. Loan exceeding Rs.5.00lakhs for the age group of 46 & above.

Medical Check Up
2. Loan exceeding Rs.10.00lakhs for the age group of 36 & above.

3. Loan exceeding Rs.15.00lakhs for the age group of 35 above.

Tax Benefit Income tax rebate u/s 80C for the premium paid.
GROUP

SHG - Vidhya Shoba

SHG Bank Linkage Programme - Direct Linkage to SHGs

Agricultural Godowns / Cold Storage

SHG - Vidhya Shoba

Purpose / Objective To meet the educational expenses of the children of SHG members.

SHGs with a good track record / repayment, which is in existence for more than
Eligibility
2 years.

In Multiples of accumulated savings subject to maximum of six times at any

Amount of Loan time of the year depending upon educational requirements of the wards of SHG

members.

For Short Term Loan (STL) :

Amount
Interest
Slab(Rs. in
Rate
Lakhs)

BPLR less
Interest Rates Upto 2.00
1.00%

>2.00 BPLR

Repayment Repayment is over a period of 12 – 24 months.

SHG Bank Linkage Programme - Direct Linkage to SHGs

To provide thrift, credit and other financial services to the poor in all areas
Purpose / Objective
enabling them to raise their income levels and standard of living.

Eligibility Member of SHGs.

* Upto 4 times of the group savings including interest on savings.

Amount of Loan
* Loan to SHGs should be extended only in the form of Credit limit .

For Short Term Loan (STL) :

Amount Slab(Rs. in Lakhs) Interest Rate

Upto 2.00 BR+1.50%+TP=12.75%

>2.00 BR+2.50%+TP=13.75%

For Term Loan (TL) :

Amoun
Interest Rates
t
Interest Rate
Slab(in

Lakhs)

Upto BR+1.50%+TP=13.25

2.00 %

BR+2.50%+TP=14.25
>2.00
%
 Maximum 60 months depending upon the
Repayment
activity.

Security Hypothecation of assets wherever created.

Agricultural Godowns / Cold Storage

For construction of new Agri godowns or cold storages, market yards, silos /

Purpose / Objective expansion of existing units / modernisation of existing units, irrespective of their

location and takeover of standard accounts of such units from other banks.

Individuals, Group of Individuals, NGOs, Association of growers, Partnership /

Proprietary firms, companies, Corporates, Co-operatives, Agri produce

Eligibility
Marketing Committees, Marketing Boards / Committees & Agro-industries

Corporations etc.

Medium term loan and short term loan for working expenses, based on the
Amount of Loan
project.

Margin 30% of Wholesale Market Price of the Produce.

Interest Rates BR+ 07.5+1.00 – 12.25%

Repayment 9 to 11Years including holiday period of 2 years(Half yearly installments)

* Hypothecation of the assets created with the bank loan.

Security * Hypothecation of the produce stored in the godown, if owned by the godown

owner.
 * Mortgage of Properties.

Subject : Professional Self Employed

Financing to Entrepreneurs identified by ESP of BYST

IND Art tools

IB Professional Special

Doctor Plus

IB Vehicle Loan

Financing to Entrepreneurs identified by ESP of BYST

Amount of Loan Rs.1,00,000 to Rs.5,00,000 (inclusive of BYST fee)

Nil upto Rs.25,000. 25% above Rs.25000/-. However on case to case basis the
Margin
margin may be reduced tup to 15% based on merit.

Processing fee Rs. 250 + service tax.

Interest Rates Please see the Interest Rate link on home page

3 - 7 years (exclusive of holiday period) based on the cash flow generation by

Repayment
unit.

Security Stocks/Fixed assets created out of composite loan amount. Collateral Security :
 Nil

Salient Features Available only in Chennai, Hyderabad and Kancheepuram

* Moratorium : Up to 6 months.

* To be covered under CGTSI compulsorily. Recovery of CGTSI premium as

per Bank norms.

* Cost to BYST towards evaluation, selection and mentoring Business

Mentoring by BYST mentors for first twenty four months to be integral part of
Other Requirements/Details
the project.

* Upfront compulsory mentoring charge to BYST for the first twelve months

shall be 3% of sanctioned amunt or Rs.5000/= whichever is higher subject to a

maximum of Rs.10000/= recovered and remitted to BYST then and there at the

time of disbursement of the loan

IB Professional Special

Qualified professionals (other than Doctors as Doctors are covered under IB

Doctor Plus Scheme) like Chartered Accountants, Architechts / Interior

Decorators, Qualified caterers etc. in Metropolitan/Urban/Semi-urban areas,

with minimum of 3 years experience.

Eligibility

The scheme is generally applicable only to resident Indians

(either individual or Registered Firm ) not above 60 years (SME Service Sector).

Amount of Loan Max. Rs.5 lakhs with an overall ceiling of 12 months gross monthly projected
 income with the previous year’s income as indication.

Loan restricted to 50% of the eligible amount if experience is less than 3 years

Nil for loan up to Rs.1 lakh.

Margin

For loan above Rs.1 lakh- 20%

Interest Rates Please see the Interest Rate link on home page

Repayment Maximum 60 EMI with an option for holiday period of 6 months

Assets created, out of the loan amount for the advance up to Rs.1 lakhs.

For limits above Rs.1.00 lakh,

Security

Hypothecation of Equipments / Assets purchased out of the loan where adequate

primary / collateral security is not available, LIC policy in the name of the

Professional to be assigned to the extent of shortfall in security

For purchase of necessary tools / equipment ,vehicles (ambulance / jeep for

office use), up-gradaton of existing equipments/

Salient Features
Renovation of Office building including Air-conditioners, furnishings, reference

books, (Reimbursement for new vehicles purchased out of own sources within 6

months)
Doctor Plus

Individuals / registered partnership firm / Limited Company / Trust etc.

Eligibility Key promoters or their spouse should be qualified medical practitioners, with

satisfactory track record

Minimum : Rs.1.00 lakh.

Amount of Loan
Maximum Rs.No Ceiling

Urban

Upto Rs.5 lakhs-10%.

Margin Above Rs.5 lakhs-20%.

Semi Urban/Rural

Margin 15% for both the slabs.

Interest Rates Please see the Interest Rate link on home page

Repayment Maximum period up to 120 months including moratorium period of 12 months

Loans upto Rs 10 lac:

Hypothecation of assets created out of loan amount. No collateral security / third

party guarantee and to be covered under CGS of CGTMSE.

Security Loans above Rs 10 lac:

Hypothecation of assets and LIC policy assigned in favour of the Bank or other

collateral security, so as to ensure compliance with Loan Policy guidelines in

respect of security coverage.

To finance qualified medical practitioners to set up clinic, clinic cum residence,

Salient Features
nursing home, hospital, X Ray or pathological labs, medical stores, purchase of
 vehicles / ambulance etc. OR for expansion / renovation / modernization of

existing premises

IB Vehicle Loan

For purchase of New Two Wheeler or New / Used Four Wheeler(Used four

Purpose / Objective wheeler should not be more than 3 years and should be certified by reputed

automobile engineer / valuer)

• Salaried Class Individuals with minimum service of three years.

• Businessmen, Professionals and Self-employed with minimum experience of

three years.
Eligibility
• Pensioners with repayment capacity.

• Minimum Gross monthly income for purchase of Four wheeler should be

Rs.20,000/-.

* 20 times of Gross Monthly Income Spouse Income can be included for

calculating eligible amount if he / she has steady income. * Take home Income

should be more than 40% of gross income after deduction of EMI for the

Amount of Loan proposed loan, apart from other deductions. * For Businessmen, Professionals &

self-employed, based on their average income earned in the last 3 years and

capacity / ability to repay the loan. * Maximum Loan amount for purchase of

Two Wheeler : Rs.10,00,000/- * Four Wheeler: Rs. 2 Crores

* 15% for New Vehicle.

Margin
* 40% for used vehicle (Four wheeler).

Processing fee 0.225% of loan amount with a maximum of Rs.10000/-

Interest Rates Please see the Lending Rates link on home page of our Bank`s website

Four Wheeler: Maximum 84 EMIs (No holiday period) for salaried class

Repayment individuals; Maximum 60 EMIs (No holiday period) for others.

For 2 wheeler: Maximum 60 EMIs (No holiday period)

• Hypothecation of Vehicle to be purchased out of Loan.

• If the loan amount exceeds Rs. 10 lakhs, additional security equivalent to

Security amount exceeding Rs. 10 lakhs to be provided in the form of Fixed Deposit

Receipts / NSCs / LIC Policy (with surrender value equivalent to the security to

be provided) / Mortgage of immovable property.

1. Completed Application Form with passport size photograph.

2. Proof of Identity such as PAN Card / Voter`s ID/Passport/Driving License.

3. Proof of residence such as Recent Telephone Bill / Electricity Bill / Property

Tax Receipt / Passport / Voter`s ID.

4. Proof of business address in respect of businessmen / industrialists.

Documents to be submitted 5. Proof of Employment.

for processing the 6. Salary Certificate.

application 7. Proof of other income like rent, interest on investment, if any.

8. Balance Sheet for the past three financial years in the case of Professionals,

Businessmen & Self employed.

9. Income Tax / Wealth Tax (if applicable) Returns for the past 3 years.

10 Copy of Driving Licence.

11 Quotation for Vehicle to be purchased from the authorized dealer.

PROPERTY
 Ind Reverse Mortgage

IB Rent Encash

Ind Mortgage

Home Improve

Plot Loan

NRI Home Loan

Capital Gains

IB Home Loan Combo

Ind Reverse Mortgage

* Senior Citizens above 60 years, including retired staff of our Bank. Married

couples will be eligible as joint borrowers for financial assistance provided one

of them is above 60 years of age.

* They should be owner of self acquired residential property with absolute, clear

title / conveyance and self-occupied and it should be principal residential house /

Eligibility flat, located in India.

* The property should be free from encumbrance and is saleable and the house /

flat to be located in India. However, inherited residential property if it is

devolved on partition or owing to being the sole legal heir also can be accepted

provided the title of the property is free from encumbrance.

* The residual life of the property should be more than 20 years

 The amount of loan will depend on realizable value of the residential property

as assessed by the Bank. The realizable value of the property is calculated at

10% less than the Market Value assessed by Bank’s Panel Engineer.

Maximum loan amount: Rs.40 lakh.

Loan will be disbursed by Bank on regular monthly terms as annuity. Lump

sum up to 20% of the eligible loan amount should be considered only if the

Amount of Loan amount is meant for utilization for meeting medical expenses of the Reverse

Mortgage Loan Applicant/s.

The maximum eligible lumpsum is restricted to Rs.15 lakhs.

Revaluation of property to be done once in 3 years and interest rate will be reset

once in 5 years. Periodic monthly payments will be based on such revaluation

and the Loan to Asset Value shall be based on such revaluation. Borrowers

consent for this will be obtained upfront.

Margin 61% on the realizable value of property.

* NIL for existing customers.

Processing fee
* Rs. 285/- per lakh for others. (presently NIL)

Interest Rates 10.70% (Fixed to be reset every 5 years)

* 15 years, with a provision to roll over, in case of need, after revaluation

Repayment
* Fresh terms, as at the time of rollover, shall be applicable.

Mortgage of residential property in favour of Bank

Bank reserves the right to seek additional collaterals

Security
Commercial property will not be eligible for Reverse Mortgage Loan

{Equitable Mortgage to be registered (at Applicant’s cost) if there is a provision

 for the same in the State where property is located }

1. Completed Application Form with passport size photograph.

2. PAN Card copy.

3. Proof of residence such as Recent Telephone Bill / Electricity Bill / Property

Tax Receipt / Passport / Voter’s ID.

Documents to be submitted 4. List of legal heirs with name, age, address etc.

for processing the 5. Sale Deed.

application 6. Approved Building Plan.

7. Title Deed Documents for 30 years.

8. Proof of title in the Revenue Records.(Legal Opinion from Advocate &

Valuation of property from Engineer will be arranged by Bank at applicant’s

cost).

Loan to meet Medical , emergency expenditure for maintenance of family

For supplementing pension / other income

Salient Features
Meeting any other genuine need

(Speculative, trading purposes shall not be permitted)

Property (offered as security) to be insured at borrower’s cost with Bank clause

Insurance against fire, flood, earthquake, riot and other risks, which are normally covered

by insurance companies.

1. The loan amount need not be repaid during the lifetime of the borrower /

spouse. The borrower / spouse can continue to stay in their home during their
Other terms and conditions
lifetime. 2. The option of pre-payment is available, without pre-payment

charges.
IB Rent Encash

Repairs, renovation of buildings, marriage, education, household festivals,

Purpose / Objective
medical or any bankable purpose.

Residential / commercial building owners (individuals / joint owners/ corporate /

firms) who have / who propose to let out their buildings to top notch corporate
Eligibility
public sector undertakings / state / central Government offices.(Lease

Agreement between the applicant and tenant should be Registered).

Upto 84 months rent or rental value for the unexpired certain period of lease

Amount of Loan (Rent receivables) whichever is less.

Minimum Rs. 1 lakh. Maximum: Rs.200 lakhs

40% on Net Rent Receivables (Rent Receivables Net of Advance already

Margin received from the tenant + TDS + Property Tax + any other statutory liability)

with a maximum of 60% of Market Value of Property.

Processing fee 1.15% on loan amount.

Repayment Not Exceeding 84 EMIs (No Holiday Period).

• No pre-closure charges, if loan is closed out of own funds.

• 2.25% on Balance outstanding or applicable Drawing Limit whichever is

Prepayment charges
higher, if loan is closed by way of takeover by another Bank / Financial

Institution

* Equitable Mortgage of Property. * Equitable Mortgage to be registered (at

Security Applicant’s cost) if there is a provision for the same in the State where property

is located.
 1. Completed Application Form with passport size photograph.

2. Proof of Identity such as PAN Card / Voter`s ID/Passport/Driving License.

3. Proof of residence such as Recent Telephone Bill / Electricity Bill / Property

Tax Receipt / Passport / Voter`s ID.

4. Proof of business address in respect of businessmen / industrialists.

5. Proof of Employment.

6. Salary Certificate.

7. Proof of other income like rent, interest on investment, if any.

Documents to be submitted
8. Balance Sheet for the past three financial years in the case of Professionals,
for processing the
Businessmen & Self employed.
application
9. Income Tax / Wealth Tax (if applicable) Returns for the past 3 years.

10. Sale Deed.

11. Approved Building Plan.

12. Title Deed Documents for 30 years.

13. Proof of title in the Revenue Records.

Copy of Registered Lease Agreement.(Legal Opinion from Advocate &

Valuation of property from Engineer will be arranged by Bank at applicant`s

cost)

Property (offered as security) to be insured at borrower’s cost with Bank clause

Insurance against fire, flood, earthquake, riot and other risks, which are normally covered

by insurance companies.

Plot Loan

Purpose / Objective For purchase of House Site on ownership basis; House site should be located in
 layout which is approved by Competent Authority

Eligibility Minimum entry age is 18 years and maximum exit age is 60 years

*30 times of Gross Monthly Income;

The cap on Plot Loan per borrower has been fixed as under:

*For purchase of property in Rural area : Rs. 50.00 lakhs

Amount of Loan
*For purchase of property in Semi-urban area : Rs. 100.00 lakhs

*For purchase of property in Urban area : Rs. 200.00 lakhs

*For purchase of property in Metro : Rs. 300.00 lakhs.

Margin 25% on Land cost

Processing fee 1.15 % on Loan amount

Please see the Lending Rates link on home page *Construction of house has to

commence within 2 years from the date of availing the loan / from the date of

Interest Rates handing over possession by the Government Housing Development Agency, as

the case may be, otherwise higher Rate of Interest will be charged for the

delayed period.

Repayment Maximum 180 EMIs (No Holiday Period)

Prepayment charges NIL

* Equitable Mortgage of Property purchased out of loan proceeds. * Equitable

Security Mortgage to be registered (at Applicant’s cost) if there is a provision for the

same in the State where property is located.

Documents to be submitted As detailed in our Home Loan product. All the applicable/relevant documentary

for processing the evidences are to be submitted

application

Group Insurance cover:

* At the option of the applicant, Group Insurance Life Cover is arranged at

Value added concessional premium (to be borne by the Applicant).

* The Premium amount will be financed as a seperate loan instead of financing

as a part of the loan.

Capital Gains

Method and Periodicity of calculation of interest is same as that of ordinary SB

Interest Application
account / Term deposit accounts

Revaluation of House Method and Periodicity of calculation of interest is same as that of ordinary SB

Property account / Term deposit accounts

Under this Scheme the tax payers can avail of the benefit of exemption from

capital gains only if the amount of capital gains or the net consideration is
Salient Features
deposited in Public Sector Banks on or before their due date of filing a return of

income in accordance with the scheme.

Minimum amount is same as that of ordinary SB account / Term Deposit

accounts offered in two types

Min Amt Deposit a/c A & Deposit a/c B

Deposit A in the form of Savings Bank and Deposit B in the form of Term

deposit (as cumulative or non cumulative)

Min Period Minimum 7 days

 Maximum – Normally 10 years

All branches except rural branches are authorized to accept deposits under the

scheme. Tax payers can avail the benefit of exemption under Section 54 (B,D,F

Other Requirements/Details & G as the case may be) of Income Tax Act 1961. Nomination facility is

available. Withdrawal is permitted as per rules. Interest Payments are subject to

TDS.

IB Home Loan Combo

Individuals including Joint borrowers who have * Availed the Home Loan from

Indian Bank * Satisfactorily serviced the Home Loan for at least 3 years after the

Eligibility Holiday Period. * Created Equitable Mortgage * Maintained security margin of

at least 15% for purchase of House / plot / construction of house. * Home Loan

account repayments are regular and the account is in Standard Category.

Under the package the borrower is entitled for any one or more of the following

loans, with concessional interest rate and processing charges provided he / she is

otherwise eligible as per the individual loan products. * IB Vehicle Loan (Both 4
Benefits
wheeler and 2 wheeler) * IB Clean Loan (to Salaried Class) * IB Bhavishya

Prakash (for one of the dependants of the borrower) * IB Pension Loan * IB

Home Improve

Concession of 0.50% from the applicable Card Rate for the following loan

products * IB Vehicle Loan (Both 4 wheeler and 2 wheeler) * IB Clean Loan (to
Interest Rates
Salaried Class) * IB Bhavishya Prakash (for one of the dependants of the

borrower) * IB Pension Loan No interest rate concession for IB Home improve

 Concession of 50 % from the applicable processing charges of the following

loan products * IB Vehicle Loan (Both 4 wheeler and 2 wheeler) * IB Clean

Processing fee
Loan (to Salaried Class) * IB Bhavishya Prakash (for one of the dependants of

the borrower) * IB Pension Loan * IB Home Improve

* The security prescribed for the individual loan products are to be offered *

Security Equitable Mortgage taken for the Home Loan should be extended to cover the

other loan/s sanctioned under the package.

* All other terms and conditions laid down as per the individual loan products

should be complied with. * The Home Loan borrowers can avail any one or
Other Requirements/Details
more of the above products subject to fulfilling repayment capacity for servicing

existing loan liability/ies and the proposed loan liability/ies

TECHNOLOGY

Premium Current A/c with Sweep Facility

SB Platinum with Sweep Facility

e Payment of Direct Taxes

IndJet Remit (RTGS)

NEFT

e Payment of Indirect Taxes

Ind Phonebanking

Ind Mobilebanking

Ind Netbanking
 Xpress Money – Inward Remittance – Money Transfer Service Scheme

SB Platinum with Sweep

Facility

Period • Minimum 15 days to 180 days

Income Criteria • Minimum 15 days to 180 days

• Interest will be paid at the time of maturity / closure

• Suitable for (HNIs) & Corporate Executives

• Life insurance cover for Rs. 1 lakh for age group 15 to 45 years and Personal

Accident Insurance cover for Rs.1 lakh “IB Chhatra”for age group 12 to 70
Value added
years.

• Free remittance upto maximum 2 times a year totaling Rs.25,000/-

• No charges for Intra / Inter city transactions

• ATM /Debit card One year from the date of first use – FREE

• A Savings Bank Account with an option to convert your excess funds in the

account to Term Deposit on a daily basis.

• Daily sweep available min Rs.5000 and multiples

• Customer can issue the cheque freely upto the balance in the MOD (multi

option deposit ) plus the balance in the SB account.

Salient Features • Push Sweep - Cut off balance for transferring to MOD A/c (threshold balance)

will be Rs.50,000 or more, at the option of the depositor. The amounts lying in

the Account over the threshold balance, will be transferred to STD automatically

in multiples of Rs.5,000.

• Pull Sweep - A cheque received for payment or an ATM withdrawal, and the

balance in the SB A/c is not sufficient, on Last In First Out (LIFO) basis, the
 latest MOD (STD) will be prematurely closed and transferred automatically to

SB A/c to meet the payment. The PULL Sweep will be in multiples of Rs.

5,000- only and the customer has no option to change the same.

• Non Maintenance of average Minimum Balance - If the total products are less

than 7,50,000 in a month, a penalty of Rs.120/- per month inclusive of Service

Tax will be levied.

• Interest Rates - See the interst rate webpage

• Minimum monthly average balance Rs.25,000/-

(Total products of Rs.7,50,000 per month i.e. 30 days X Rs.25,000/-)

Min Amt
• Threshold limit Rs.50,000/-

(i.e. Sweep would be effected only when the balance exceeds Rs.50,000/-)

Ind Phonebanking

Eligibility Customers having Savings Bank, Current Account with us

Salient Features Customers can call for enquiries anytime, anywhere through telephone.

* Call telephone toll free 1800-425-3425.

* Customer can do the balance enquiry.

* Customer can have their account details.

Other Requirements/Details * Customer can have the issued cheque status.

* Customer can have the deposited cheque status.

* Indian Bank is not liable for non-availability of services due to reasons beyond

the controls of the bank.

 * Charges : Free

Xpress Money – Inward Remittance – Money Transfer Service

Scheme

* Single remittance limited to USD 2500 or its equivalent.

* Payments made in Indian Rupees only.

Amount of remittance * Payment upto and inclusive of Rs. 50000/- can be made to residents in cash on

permitted proper identification.

* Payments exceeding Rs. 50000/- can be made in cash on proper identification

only to foreign tourists visiting India.

* Only 12 remittances are permitted to a single recipient through “Xpress

Money” in a year.

Restrictions on remittances * Only one transaction is allowed to be made by the same sender favouring the

same beneficiary through the same Send Agent on the same day.

* Outward remittances from India are not permitted.

* Only personal remittances are permitted.

* Remittances favoring foreign tourists visiting India are permitted.

* No trade related payments are permitted.

* No remittances towards purchase of (immovable) properties, investments are

Other important details
permitted.

* No credit to NRE / FCNR accounts.

* Remittances in the nature of donations / contributions to charitable

organizations are not permitted under the arrangement.

Salient Features * “Xpress Money” service is offered in arrangement with M/s. UAE Exchange
 Financial Services Ltd for remitting money to India.

* The scheme is operative from 15.02.2006.

* The remittance facility is available to receive the money through all our

branches.

* Under the arrangement, money transfers to India can be made at any overseas

agent location of UAE Exchange across the world.

Facilities
* Money can be remitted from 180 countries across the globe.

* Around 35000 outlets are available outside India for remittance.

Subject : Technology

Premium Current A/c with Sweep Facility

SB Platinum with Sweep Facility

e Payment of Direct Taxes

IndJet Remit (RTGS)

NEFT

e Payment of Indirect Taxes

Ind Phonebanking

Ind Mobilebanking

Ind Netbanking

Xpress Money – Inward Remittance – Money Transfer

Service Scheme

Premium Current A/c with Sweep Facility

• Minimum 15 days to 180 days

Period • For MOD (STD) deposits of 7 days to 14 days – Minimum deposit amt will be

Rs.1 lakh (i.e.,Push will be in multiples of Rs..1 lakh)

• Minimum 15 days to 180 days

Income Criteria • For MOD (STD) deposits of 7 days to 14 days – Minimum deposit amt will be

Rs.1 lakh (i.e.,Push will be in multiples of Rs..1 lakh)

• Interest will be paid at the time of maturity / closure

Value added • Suitable for Corporates, Traders, Businessmen, Entrepreneurs and HNI’s

• Customer can issue the cheque freely upto the balance in the MOD
 • Frequency of transfer to MOD daily – (Period - Minimum 7 days, Maximum

180 days)

• 6 DDs at par upto a maximum of Rs.3 lakhs per quarter each not exceeding

Rs.50000/- and no charges for stop payment and signature attestation

• No charges for Intra / Inter city transactions

• ATM / Debit card One year from the date of first use – FREE

• Non maintenance of minimum balance - If the average minimum balance in the

Current Account falls below Rs.1,00,000/-, i.e. if the total products are less than

90,00,000 in a quarter, a penalty of Rs.570/- per quarter inclusive of Service Tax

will be levied.

• Push Sweep - The amounts lying in the Account over the threshold balance,

will be transferred to STD automatically in multiples of Rs.10,000/- .

• Pull Sweep - A cheque received for payment or an ATM withdrawal, and the

balance in the CA is not sufficient, on Last In First Out (LIFO) basis, the latest

MOD (STD) will be prematurely closed and transferred automatically to CA to

meet the payment. The PULL Sweep will be in multiples of Rs. 10,000- only

and the customer has no option to change the same

• A Current Account with an option to convert your excess funds in the account

to Term Deposit on a daily basis.

Salient Features • Daily sweep available min Rs.10000 and multiples

• Customer can issue the cheque freely upto the balance in the MOD (multi

option deposit ) plus the balance in the Current Account

• STD upto 180 days

Min Amt • Minimum Quarterly average balance Rs.1 lakh -(Total products of

Rs.90,00,000 per quarter i.e. 90 days X Rs.1,00,000/-)

 • Threshold limit Rs.2,00,000/-(i.e. Sweep would be effected only when the

balance exceeds Rs.2,00,000/-)

• Cut off balance for transferring to MOD A/c (threshold balance) will be

Rs.2,00,000 or more, at the option of the depositor.

Xpress Money – Inward Remittance – Money Transfer Service Scheme

* Single remittance limited to USD 2500 or its equivalent.

* Payments made in Indian Rupees only.

Amount of remittance * Payment upto and inclusive of Rs. 50000/- can be made to residents in cash on

permitted proper identification.

* Payments exceeding Rs. 50000/- can be made in cash on proper identification

only to foreign tourists visiting India.

* Only 12 remittances are permitted to a single recipient through “Xpress

Money” in a year.

Restrictions on remittances * Only one transaction is allowed to be made by the same sender favouring the

same beneficiary through the same Send Agent on the same day.

* Outward remittances from India are not permitted.

* Only personal remittances are permitted.

* Remittances favoring foreign tourists visiting India are permitted.

* No trade related payments are permitted.

Other important details
* No remittances towards purchase of (immovable) properties, investments are

permitted.

* No credit to NRE / FCNR accounts.

 * Remittances in the nature of donations / contributions to charitable

organizations are not permitted under the arrangement.

* “Xpress Money” service is offered in arrangement with M/s. UAE Exchange

Financial Services Ltd for remitting money to India.

Salient Features * The scheme is operative from 15.02.2006.

* The remittance facility is available to receive the money through all our

branches.

* Under the arrangement, money transfers to India can be made at any overseas

agent location of UAE Exchange across the world.

Facilities
* Money can be remitted from 180 countries across the globe.

* Around 35000 outlets are available outside India for remittance.

TERM DEPOSIT

Non-Resident Ordinary Account

Resident Foreign Currency account for Returning Indians

FCNR (B) Accounts

NRE FD/ RIP/ RD ACCOUNTS

Capital Gains

IB Tax Saver Scheme

IB Swarna Nidhi RD/IB Swarna Nidhi VRD

Variable Recurring Deposit

Recurring Deposit

Special Scheme for Senior Citizens

Facility Deposit

Re-investment Plan

Fixed Deposit

Foreign Currency Non-Resident Account

Non-Resident External (Rupee) Account

IB Savings Certificate
Capital Gains
IB Tax Savings Certificate
Method and

Interest Application Periodicity of

calculation of
 interest is same as that of

Revaluation of House Method and Periodicity o

Property account / Term deposit a

Under this Scheme the ta

capital gains only if the a

Salient Features
deposited in Public Secto

income in accordance wi

Minimum amount is sam

accounts offered in two t

Min Amt Deposit a/c A & Deposit

Deposit A in the form of

deposit (as cumulative or

Minimum 7 days
Min Period
Maximum – Normally 10

All branches except rural

scheme. Tax payers can a

Other Requirements/Details & G as the case may be)

available. Withdrawal is

TDS.
Capital Gains

Method and Periodicity of calculation of interest is same as that of ordinary SB

Interest Application
account / Term deposit accounts

Revaluation of House Method and Periodicity of calculation of interest is same as that of ordinary SB

Property account / Term deposit accounts

Under this Scheme the tax payers can avail of the benefit of exemption from

capital gains only if the amount of capital gains or the net consideration is
Salient Features
deposited in Public Sector Banks on or before their due date of filing a return of

income in accordance with the scheme.

Minimum amount is same as that of ordinary SB account / Term Deposit

accounts offered in two types

Min Amt Deposit a/c A & Deposit a/c B

Deposit A in the form of Savings Bank and Deposit B in the form of Term

deposit (as cumulative or non cumulative)

Minimum 7 days
Min Period
Maximum – Normally 10 years

All branches except rural branches are authorized to accept deposits under the

scheme. Tax payers can avail the benefit of exemption under Section 54 (B,D,F

Other Requirements/Details & G as the case may be) of Income Tax Act 1961. Nomination facility is

available. Withdrawal is permitted as per rules. Interest Payments are subject to

TDS.
Fixed Deposit

Interest Application quarterly

Revaluation of House
quarterly
Property

Salient Features A time deposit for a fixed period to earn interest with easy liquidity

Min Amt Minimum Deposit- Rs.100/-

Max Amt No Maximum

Minimum *7 Days

Min Period *minimum amount Rs.1 lakh

Maximum normally 10 years

Quarterly or even on monthly basis with a discount.

Other Requirements/Details Automatic renewal facility for equal period

Loan / nomination /pre closure facilities available.

IB Tax Savings Certificate

1. Individual or Hindu undivided family, having Income Tax Permanent

Account Number.

2. The Joint holder type deposit receipt may be issued to two adults or jointly to
Eligibility
an adult and a minor payable to either of the holders or to the survivor.

3. Provided that in the case of joint holder type deposit, the deduction from

income under section 80C of the Act shall be available only to the first holder of
 the deposit.

Type of account Reinvestment Plan Deposit.

Tenure 5 Years.

* 7% p.a. for General Public.

Interest Rates * 7.5% p.a for Senior Citizen.

* 8% p.a for Staff.

In order to cater to the needs of depositors who wants to avail tax benefit under
Salient Features
section 80C of Income Tax Act, this scheme is launched.

Maturity Amount Maturity Amount (in Rs.) - 5 years

for Specified

Denominations
General Public Senior Citizen Staff

Rs.1000/- 1415/- 1450/- 1486/-

Maturity Amount
Rs.5000/- 7074/- 7250/- 7430/-

Rs.10000/- 14148/- 14500/- 14859/-

Rs.50000/- 70739/- 72497/- 74297/-

Rs.100000/- 141478/- 144995/- 148595/-

The deposit receipt will be issued in 5 denominations (Rs.1000/-, Rs.5000/-,

Min Amt Rs.10000/-, Rs.50000/- and Rs.1lakh) for categories of General Public, Senior

Citizen.

Interest on the Term Deposit shall be liable to tax under Income Tax Act on the
TDS
basis of annual accrual.

Other Requirements/Details * PAN number to be incorporated in the CIF and printed in the deposit receipt.
Signature of the depositor should be obtained in the deposit receipt.

* Stamp should be affixed super scribing in red ink the following notation :

“Bank Term Deposit Scheme 2006 as per notification no 203 of 2006 dated

28.07.2006 by the Central Government”

* No loan/ foreclosure is allowed before maturity.