DEPOSIT & ADVANCES INTT. RATES

 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%

 

 

    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.