DEPOSIT & ADVANCES INTT. RATES

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%

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JPCB Vruddha Aadhar*

 

6.20%

(upto 31.3.21)

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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%

 

 

    2. Other accounts outside the purview of Credit Rating

 

 

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.