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TreasuryBranch Chennai TelNo. 25249419/25229234

Re: Interest Rates for Deposits of above Rs.5.00Crore

Period	Applicable Rate of Interest as on 04.02.2012
Period	Above Rs. 5 Crores
7 days to 45 days	6.25%
46 days to 90 days	6.25%
91 days to 120 days	7.00%
121 days to 180 days	7.50%
181 days to less than 9 months	7.75%
9 months to less than 1 year	9.25%
1 year and upto 3 years	9.25%
Above 3 years	9.00%

Important:

The above rates will be applicable only for 04.02.2012.Deposits as per the above rates can be accepted by branches with Prior permission of their respective Zonal Offices, who in turn would seek prior permission from H.O. Treasury.

Period run	Applicable interest rate on foreclosure of Deposit
7 days to 14 days	No interest will be paid
15 days and above	Eligible Rate of interest will be the applicable rate of interest prevailing at the time of deposit for above Rs 5.00 cr or for Rs15 lakhs to Rs 1.00 cr, whichever is less minus 1% p.a as foreclosure charges

We have also put the above rates on our Banks Internet website. We will be updating the website as and when the rates are changed

The quotes are valid for a day and should not be quoted for inter bank deposits and parties enjoying credit facilities with our bank without prior permission of HeadOffice.

Please contact nearest Indian Bank Branch for deposits above Rs. 5Crore.

The rates quoted are for a single lot under respective slabs. The deposit accepted under each slab should not be split into smaller lots and classified as core deposit.

Deputy General Manager