Interest rates for Deposits wef 03.01.2018
|
Period |
Interest Rate |
|
|---|---|---|
|
|
General |
Sr. Citizen |
|
14 - 29 Days |
4.50% |
5.00% |
|
30 - 90 Days |
5.00% |
5.50% |
|
91 - 364 Days |
5.50% |
6.00% |
| 1 Year (12 months) | 7.00% | 7.50% |
|
Above 12 months upto 36 months |
7.00% |
7.50% |
|
Above 36 months upto 60 months |
6.50% |
7.00% |
|
Above 60 months upto 120 months |
6.75% |
7.25% |
| Tax Saver Scheme | 6.50% | 7.00% |
| Saving Account Intt Rate | 3.50% | 3.50% |
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.
