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  #2  
4th December 2015, 01:15 PM
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Re: Interest Rate of South Indian Bank

What is the interest rate of south Indian bank? If I take loan from South Indian bank for some period of time which interest rate will be apply in the loan provide me in South Indian bank interest rate?
  #3  
4th December 2015, 01:17 PM
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Join Date: Apr 2013
Re: Interest Rate of South Indian Bank

Interest rates in any bank is stand for the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

The interest rate in South Indian bank new rate will be announced and update on south indain banks official site on 11 November 2015.

Domestic rate of interest - general
Base rate (br) 10.00% (w.e.f 11.11.2015)

Rates for single deposit of Rs.100 lacs & above and Premature closure penalty thereon to be obtained from Head Office - (Treasury Dept.) on a daily basis.

Period Single Deposit less than Rs.100.00 lacs
General Senior Citizens*
7 days to 45 days 4.00% 4.50%
46 days to 90 days 7.00% 7.50%
91 days to less than 1 year 7.10% 7.60%
1 year 7.70% 8.20%
Above 1 year to 3 years 7.60% 8.10%
Above 3 years up to and incl.10 years 7.50% 8.00%
Tax Gain 7.50% 8.00%

Otherwise you can see all the interest rate in South Indian bank on the following attachment:

Interest rate in South Indian bank



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