Deposit Interest Rate wef 15.09.2020
Period |
Below Rs. 2 Crores |
Above Rs. 2 Crores |
|
|
General |
Sr. Citizen |
General & Sr. Citizen |
14- 45 Days |
2.90% |
3.40% |
3.40% |
46- 179 Days |
3.90% |
4.40% |
3.40% |
180 – 364 days |
4.40% |
4.90% |
3.50% |
12 months to 23 months |
5.00% |
5.50% |
3.50% |
24 months to 35 months |
5.10% |
5.60% |
3.50% |
36 months to 59 months |
5.30% |
5.80% |
3.50% |
60 months upto 120 months |
5.40% |
5.90% |
3.50% |
Tax Saver |
5.40% |
5.90% |
--- |
JPCB Vruddha Aadhar* |
6.20% (upto 31.3.21) |
--- |
|
Savings A/c |
2.50% |
* A special “JPCB Vruddha Aadhar” deposit for Sr. Citizens introduced in the Retail TD/RD segment wherein an additional premium of 30 bps (over & above the existing 50 bps as detailed in the above table) will be paid to Sr. Citizens on their retail TD for '5 Years and above' tenor only. 'JPCB Vruddha Aadhar' deposit scheme will be available for a limited period i.e. upto 31.3.2021.
Interest rates for Loans and Advances
1. Credit Rating Driven Rates
From financial year 2014/15, present credit rating system (i.e. applicable for in aggregate credit facilities of borrowal accounts of ` 25.00 Lacs and above) stands revised as ` 10.00 Lacs and above. The interest rates chart based on ‘Credit Rating’ driven accounts is as under –
Credit Score in % |
Rating |
Interest rate for WC/WCTL/TL accounts |
---|---|---|
Above 80 |
AAA |
Base Rate + 2.75 = 13.25% |
Above 70 to 80 |
AA |
Base Rate + 3.00 = 13.50% |
Above 60 to 70 |
A+ |
Base Rate + 3.25 = 13.75% |
Above 50 to 60 |
A |
Base Rate + 3.75 = 14.25% |
Above 40 to 50 |
B |
Base Rate + 4.25 = 14.75% |
Above 30 to 40 |
C |
Base Rate + 4.75 = 15.25% |
Below 30 |
D |
Base Rate + 5.75 = 16.25% |
For such accounts revised interest rates will be as below –
Particulars of Credit Facility/ies |
Interest rate (p.a.) * |
---|---|
Housing Loan – maximum ` 25.00 Lacs JP Vastu Siddhi Scheme |
10.50% |
JP Laghu Karja Yojna (Small traders, micro & small enterprise, service provider etc.) |
12.50% |
JP Trade Finance Scheme |
11.50% |
Loan against NSC/ Bill Discounting against Letter of Credit |
13.25% |
Gold Loan - upto `2.00 lakh Above `2.00 lakh |
11.00% 12.95% |
Education Loan/Car Loan accounts after 01/04/2014 only |
13.25% |
Cash Credit/ Short Term/ Medium Term/ Hire Purchase/ Group Term Loan |
15.25% |
CRE/Mortgage Loan/Builders & Developers |
16.25% |
Overdraft against Fixed Deposit/Demand Loan (including third party accounts) |
Maximum rate of 2.00% over FDRs rates subject to changes by the Board |
Medical Practitioners’ (working capital & term loan based credit facilities) |
13.25% (subject to credit rating in case of non-observance of financial discipline) |
All other credit facilities up to ` 10.00 Lacs |
14.75% |
* Terms & Conditions apply.