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Interest Rate

Deposits

Rate of interest on deposits with effect from 16th November 2016

Fixed Deposits Rate of interest
91 - 180 days 6.00%
181 - 365 days  6.50%
Above 1 year 7.50%

Flexi Recurring scheme

27 months to 120 months Bank rate + 1%
Savings Bank 4.00%                                

 

Note :

  1. Rates on Fixed Deposits are applicable on new and renewed FDRs only.
  2. 60% extra interest on deposit from senior citizen

Advances :

Rate of interest on loan and advances with effect from 1st Sept. 2017

Type of Advances

Rate of interest

Machinery Loan to SSI Unit

10.50%

Machinery Loan to MSI Unit

11.00%

W.C.T.L. for Retailer & SSI

11.50%

W.C.T.L. for others

12.00%

Loan to Professionals

10.50%

Education Loan

12.00%

Housing

11.00%

Vehicle Loan – RTO

11.50%

- Others(Repayments 3 Years of less)

10.00%

- Others(Repayments more than 3 Years of less)

11.50%

Mortgage Loan (other than SSI/MSI/Traders)

14.00%

CC – SSI & Retail

10.50%

- Others

11.50%

OD - SSI & Retail

11.50%

- Others

12.00%

- Ags. Property (ODP)

14.00%

Gold Loan

12.00%

Bill Discounting

14.00%

Personal Loans

14.00%

Loan Ags. Govt. Securities/LIC

11.00%

Loan to Disable Person (up to Rs. 10000/-)

4.00%

Micro Finance

24.00%

Adhoc Limit

14.00%