Rate of Interest

The prevailing interest rates of the Bank on deposits and advances are given below (% p.a.):

1. Interest rates on deposits :

(i) Savings Bank deposits                 –                       3.50 % p.a.

(ii) Term deposits:

The prevailing interest rates of the Bank on deposits and advances are given below (% p.a.)

Sl. No. Period of DepositThe prevailing interest rates
Other than Sr. CitizenRate for Sr. Citizen
17 Days to 14 Days4.004.00
215 Days to 29 Days4.004.00
330 Days to 45 Days4.004.00
446 Days to 60 days4.004.00
561 Days to 90 Days4.504.50
691 Days to 180 Days5.005.00
7181 days to 269 Days5.505.50
8270 Days to less than 1 Year5.755.75
91 Year5.756.25
10Above 1 year to less than 2 years6.506.50
112 years to less than 3 years6.006.50
123 years to less than 5 years6.006.50
135 years and above6.006.50

If Term Deposit is closed prematurely withdrawn within 7days from the date of deposit.No interest will be paid
If closed prematurely beyond 7days and withdrawn the deposit.1% penalty will be levied on the rate of interest applicable for the period the deposit remained with the Bank.
If prematurely withdrawn for reinvesting the deposit for a period longer than the residual period of the original deposit.Interest will be paid at the rate applicable on the date of original deposit for the period for which the deposit remained with the Bank without applying any penalty of 1 %.
If the term deposit is renewed by premature withdrawal for a period shorter than the remaining period of the deposit.Penalty will be charged @ 1 %.

2. Rate of interest on Loans and Advances

Base Rate (BR) = 9.90%

ACrop loan upto Rs.3000007%
BAgri-Allied
iLoan limit up to Rs.50,000BR+1.10 %
iiLoan limit above Rs.50,000 to Rs. 200000BR+ 2.10 %
iiiLoan limit above Rs. 200000BR+ 3.10 %
CSmall business & transport operators
iLoan limit up to Rs.25000BR+ 2.10 %
iiLoan limit above Rs.25000 to Rs. 200000BR+ 3.10 %
iiiLoan limit above Rs. 200000BR+3.60 %
DTerm loan(SME, Service Sector & other priority sector)
iLoan limit up to Rs.25000BR+2.10 %
iiLoan limit above Rs.25000 to Rs. 200000BR+3.10 %
iiiLoan limit above Rs. 200000BR+3.60 %
EOverdraft/cash credit
iLoan limit up to Rs.25000BR+2.10 %
iiLoan limit above Rs.25000 to Rs. 200000BR+3.10 %
iiiLoan limit above Rs. 200000BR+3.60 %
FTerm loan/Cash Credit
(Non schematic and Non priority including Medium Enterprise and retail trade more than Rs.20 lac)
iLoan limit up to Rs.25000BR+3.10 %
iiLoan limit above Rs.25000 to Rs. 200000BR+4.10 %
iiiLoan limit above Rs. 200000BR+5.10 %
GHousing Loan Scheme
iUp to 5 yearsBR i.e 9.90%
ii5 years to 15 yearsBR+0.5 %
iiiAbove 15 yearsBR+1.0 %
HLoan to SHG
iUp to Rs. 50000BR+2.10 %
iiAbove Rs 50000BR+2.60 %
IPersonal Loan to Anganwadi workers & HelpersBR+5.10 %
JLoan against own Term deposits of the Bank.2% above interest on concerned deposit
KLoan against NSC,KVP ,IVP and LICI policyBR+4.10 %
LPersonal Loan /Consumers durable loanBR+5.10 %
MMRB car loanBR+1.60 %
NClean Overdraft
iStaffBR+2.35 %
iiOther than staffBR+6.60 %
OLoan to Landlord of Branch premises BR+4.10 %