Barclays Bank
Over the past 2 years, Barclays has divulged its Global Retail and Commercial Banking
division in India, as part of its plan to be a leading global bank. In a very short
span of time, the organisation is already proving to be one of the world’s fastest
growing banking services provider.
The corporate banking division, which became operational in November 2006, services
a variety of leading Indian corporations from large multinationals and public sector
companies to small and medium enterprises. It offers loans, deposits, payments &
cash management services, trade finance and treasury solutions.
Barclays' consumer banking services were embarked in May 2007 with a procession
of products that give customers better control over their finances. The firm's proffering
involves inventive postulates such as
Personal loans that come with smaller monthly
repayments and credit cards that allow customers to choose their payment date. This
has helped Barclays connect with Indian customers conveniently better and become
the preferred option in the centres we, as customers are present in.
Barclays is spreading its reach across India and now has 5 offices in the country.
The head office is situated in Mumbai in Western India. Barclays has recently strengthened
its presence in Northern India with a branch in Delhi. In the annex, Barclays has
a branch in Junagarh, one branch in Kanchipuram, near Chennai, and another at Nelamangala
near Bangalore, both of which cover important points in Southern India.
Socially, Barclays actively support the education of 500 underprivileged girl children
studying at government-run schools through Project Nanhi Kali and Indian Red Cross
Society's National Disaster Response Team's programme, which assists in emergency
relief during national disasters such as earthquakes and floods.
Products and services :
Term Deposit Interest Rate - Applicable for Domestic & NRO
w.e.f. 29.03.11 |
| Period |
Rate % p.a.
(Applicable for deposits less than Rs 15 lacs) |
| 7 days to 15 days |
4.00 |
| 16 days to 30 days |
5.35 |
| 31 days to 45 days |
5.80 |
| 46 days to 60 days |
6.30 |
| 61 days to 94 days |
7.30 |
| 95 days |
8.25 |
| 96 days to 150 days |
7.80 |
| 151 days to 180 days |
7.75 |
| 181 days |
8.50 |
| 182 days to 270 days |
8.50 |
| 271 days to 365 days |
8.50 |
| 366 days |
8.75 |
| 367 days to 400 days |
8.50 |
| 401 days to 18 months |
8.50 |
| 575 days |
9.00 |
| 576 days <2 Years |
8.75 |
| 2 years |
9.25 |
| 2 years 1 day to 1110 days |
9.00 |
| 1111 days |
9.50 |
| 1112 days to 4 yrs |
8.80 |
| 4years 1 day to 5 year |
8.80 |
| 5year 1 day upto 7 year |
8.80 |
| Preferential rates will be applicable for deposits of Rs. 15.00 lac & above. Branches will call Retail Liability Product groups for such rates. |
| The rates are subject to change without notice. |
| 1% Premature withdrawal penalty as applicable. |
| Senior Citizen & Staff-Special rate not applicable. |
| Interest compounded quarterly if FD is for 181 days and above. |
| Minimum number of days for which TD should remain with the Bank so as to be eligible for interest = 7 days. |
| TDS on deposits as applicable. |
