COMPARATIVE ANALYSIS OF INTEREST

RATES IN BANK

SUBMITTED BY:- (GROUP-5)

PIYUSH KUMAR (088)
DEVBENDRA KUMAR NAYAK(087)
PAWAN CHOUDHURY(089)
MANINDER SINGH(090)
SAURAV JHA(086)
COMPANY PROFILE OF INDUSIND BANK

IndusInd Bank derives its name and inspiration from the Indus Valley civilisation
-a culture described by National Geographic as 'one of the greatest of the
ancient world' combining a spirit of innovation with sound business and trade
practices.

Mr. Srichand P. Hinduja, a leading Non-Resident Indian businessman and head

of the Hinduja Group, conceived the vision of IndusInd Bank -the first of the
new-generation private banks in India -and through collective contributions from
the NRI community towards India's economic and social development, brought
our Bank into being.

The Bank, formally inaugurated in April 1994 by Dr. Manmohan Singh,

Honourable Prime Minister of India who was then the country’s Finance Minister
Company profile of Orissa state cooperative
bank
The Orissa State Co-operative Bank, a Scheduled Bank under RBI Act was registerd in the
year 1948 as the Apex Bank of the short term Coop.Credit structure of Orissa with an
objective of Development of the agrarian economy of Orissa by catching the credit
equipment of the terms of the state .

MISSION
 Our Corporate mission is to become a strong and competitive Bank offering innovative
financial products and services and to lead a rejuvenated short term cooperative credit
structures to better serve the people of Orissa.

OBJECTIVES
 To cater to the credit requirement of farmer-members of the Primary Agriculture
Cooperative Societies.
 To implement the Kissan Credit Card (KCC) scheme to ensure instant finance
and adequacy in credit delivery.
 To step up production and productivity in agriculture through promotion of farm
mechanization and better land and water management
 Company profile of oriental bank of
commerce
Our Vision
 To be a sound all India, customer centric, efficient retail bank with
contemporary size, technology and human capital; endeavoring
to enrich lives across all sections of society; and committed to
upholding the highest standards of corporate governance.

Our Mission
 To provide the finest banking services by upgrading human
capital and infusing advanced technology, thereby achieving total
customer satisfaction; and being reckoned as the “Best Bank” in
the Industry on all efficiency parameters.
 To enhance shareholders’ wealth by ensuring sound growth of
business and make valuable contributions to national economic
growth.
Objective
 Comparative analysis of Interest rates in
bank , rates offered on various deposits
and loan schemes(Personal, auto,
Education, housing)
 By selecting public sector ,private
sector and cooperative bank. We
selected Oriental bank of commerce ,
Indusind bank and Orissa state
Cooperative bank limited.
Savings Bank Account

INDUSIND BANK ORIENTAL BANK OF ORRISA STATE

COMMERCE COOPERATIVE BANK

INTEREST RATE OF SAVING ACCOUNT IN THE ABOVE 3

BANKS ARE :

3.50% SET BY THE RESERVE BANK OF INDIA

Base Rate
s.no ORIENTAL BANK OF
COMMERCE
INDUSIND BANK ORISSA STATE
COOPERATIVE
BANK

1. 9% 8.25% 8.90%
COMPARATIVE ANALYSIS OF FIXED
DEPOSIT INTEREST RATES
OFFERED BY BANKS
Name 91 - 120 - 180 - 271 – 1 Year 2years 3years
of 7-14 15 - 29 30 - 45 46-60 61 -90 120 179 270 364 - - -
Bank days days days days days days days days days 2years 3years 5years
ORIENT
AL
3.00 4.50 5.00 5.75 5.75 6.50 6.50 7.25 7.50 9.25 8.75 8.50
BANK % % % % % % % % % % % %
OF
COMME
RC
BANK
Below &
above
Rs.15
lacs

INDUSI 3.00 4.00 4.00 5.50 5.75 6.25 7.75 7.75 8.00 9.75 8.75 8.75
ND
BANK % % % % % % % % % % % %
Below
&
above
Rs.15
lacs

ORISSA
STATE
3.50 3.50 3.50 4.00 5.00 6.00 6.75 7.25 7.25 8.00 8.25 8.25
COOPE % % % % % % % % % % % %
RATIVE
BANK
 SPECIAL SCHEMES ON
DEPOSITS
Tax
saver
5 year/8.5%
schem
e
555 DAYS 9.00%
200
NO SPECIAL days
8.50%

SCHEMES
400
9.50%
days
1001 DAYS 9.25%

999
9.50%
days
Home loan
PART UPTO 5-10 10 – PARTICULR FIXED FLOATING PARTICULR FIXED FLOATING
ICUL 5 YEAR 20
R years S years

Loan 9.50 9.75 10% Below 10.5% 9.25% UPTO 5 11% 9.5%
upto % % 20 lakhs years
30
lakhs

30 10% 10.2 10.7

-50 5%
lakh
5% Above 13% 12% 5 -10 11.50% 9.5%
20 lakhs years

Abo 10.5 10.7 11%

ve % 5%
50 10- 15 12% 9.75%
lakh years
Vehicle loan

UPTO 3 11.25% Car loan 11% Easy

YEARS
vehicle
11.50%
loan
MORE THAN 11.75% Commercial 13%
3 YEARS
Education loan

Upto 4 11.75% Upto 4 11%

lakhs NIL lakhs

Above 12.50% Above 4 11.50%

4 lakhs
lakhs
Personal loan

14.50% NIL 13.50%

Eligibility on loan
Home-Individuals having an
assured source of Income
viz. Salaried Employees, self
employed professionals,
businessman, farmers.
Vehicle- Rs.10,000/- p.m (Gross
Salary).   (Gross Salary).
Education- Indian nationals not
above 45 years of age.
approved by university
(AICTE approved institutions)
OR institutes recognized by a
statutory body.  
Personal-Permanent and regular
employee in Centre/State
Govt. Deptt. minimum 3 years
of service. monthly salary
should not be less then Rs
6,000/-.
Home- Age: Min. 21 & Max. 56
years.
Min Rs.1 lac PA (Gross
Salary)
Residence Stability: Min 1
year in current residence.
Vehicle - You should be
employed for a minimum of
2 years .
Your minimum net salary
should be Rs 1.5 lakhs per
annum.
You should have a landline
or postpaid connection.
You should be residing at
the current address for a
minimum of one year
Home - Individuals having an
assured source of Income viz.
Salaried Employees, self
employed professionals,
businessman, farmers.
Vehicle- Rs.10,000/- p.m
Education- Indian nationals
not above 45 years of age.
approved by university (AICTE
approved institutions) OR
institutes recognized by a
statutory body.  
Personal-Permanent and
regular employee in
Centre/State Govt. Deptt.
minimum 3 years of service.
METHOD OF INTEREST CALCULATIONS
Schemes Oriental bank of commerce Indusind bank Orissa state
co-operative bank

1) Savings 3.5% 3.5% 3.5%

account

2) Current No Interest No Interest No Interest

Account

3) Fixed Deposit Compound interest. Compound interest. Compound interest.

Compounded Quarterly Compounded Quarterly Compounded
Quarterly

4) Home Loan Interest on the loan is calculated
monthly on the outstanding
balance@ 1/12 of the annual
interest rate
Interest on the loan is
calculated monthly on the
outstanding balance@
1/12 of the annual interest
rate
Interest on the loan is
calculated monthly on
the outstanding
balance@ 1/12 of the
annual interest rate
CONTINUE…
5) Auto Loan Interest on the loan is
calculated monthly on the
outstanding balance@ 1/12 of
the annual interest rate
6) Personal Loan Interest on the loan is
calculated monthly on the
outstanding balance@ 1/12 of
the annual interest rate
7) Education Loan Interest on the loan is
calculated monthly on the
outstanding balance@ 1/12 of
the annual interest rate
Interest on the loan is
calculated monthly on the
outstanding balance@ 1/12
of the annual interest rate
Interest on the loan is
calculated monthly on
the outstanding
balance@ 1/12 of the
annual interest rate
Interest on the loan is
calculated monthly on
the outstanding
balance@ 1/12 of the
annual interest rate
Interest on the loan is
calculated monthly on
the outstanding
balance@ 1/12 of the
annual interest rate
Thank You!