Gujarat MItra Awards: Sh.Gokul Bakshi - Founder Chairman of the bank is honored under the title of             02nd and 04th Saturday: 02nd and 04th Saturday of the month will be Bank Holiday          

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. 0.60% 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%