RATE OF INTEREST ON DEPOSITS w.e.f. 01.11.2023
Period (Rate
of interest)
|
14 days to
30 days |
3.75% |
|
|
30 days to
90 days |
4.00% |
|
|
91 days to 180
days |
4.50% |
|
|
181 days
& above but less than 1 year |
5.50% |
|
|
1 year
and above but less than 2 year |
6.50% |
|
|
2 year
and above but less than 3 year |
6.75% |
|
|
3 year
and above |
7.00% |
|
|
S.B.
deposits (on daily balance) |
3.00% |
|
|
For Senior Citizens on Term Deposits |
0.50% extra (on one year and above) |
|
|
* No penalty on premature encashment,interest shall be paid at the rate applicable for the period deposit has run.
* Interest on Saving deposits shall be calculated and credited on 30th June, 30th September, 31st December and 31st March every year. |
|
|
|
|
||
|
|
||
RATE OF INTEREST ON LOAN
& ADVANCES w.e.f. 01.11.2023
|
(Rate of Interest p.a. %) |
||
|
UNSECURED LOAN |
|
|
|
Personal Loan |
|
|
|
Upto ₹ 5.00 Lakh |
17.00% |
|
|
SECURED LOAN |
|
|
|
Housing Loan |
|
|
|
Upto ₹ 50.00 Lakh |
8.75% |
|
|
above ₹ 50.00 Lakh & upto ₹ 140.00 Lakh |
9.00% |
|
|
Business Loan |
|
|
|
Against Hyp. of Machinery, Hyp. of Stock/Book Debts for Cash Credit, Mortgage of business /purchase/ construction of Commercial Property/ expansion of business and other activities |
|
|
|
upto ₹ 25.00 Lakh |
10.50% |
|
|
Above ₹ 25.00 Lakh |
11.00% |
|
|
Rebate on interest @ 1% p.a. is allowed to Micro Small Medium Enterprises (MSMEs) |
|
|
|
Vehicle Loan |
|
|
|
for Personal use |
9.00% |
|
|
for Commercial use |
9.50% |
|
|
Education Loan |
|
|
|
Higher Education in Abroad |
11.50% |
|
|
Higher Education in |
10.50% |
|
|
Others |
|
|
|
Against pledge of NSCs/LIC Policy/Eligible Bonds |
11.50% |
|