The details of revised rates are as per annexure listed below: Sr. No. Annexure Particulars 1 Annexure A Rate of Interest for Deposits 2 Annexure B Rate of Interest on Priority Sector Loans 3 Annexure C Rate of Interest on Non-Priority Sector Loans & on TOD/TOL 4 Annexure D Rate of Interest on Staff Loans Above Annexure for interest for Deposits and on advances existing as well as revised w.e.f. 06.02.2013 in our Bank are enclosed.
ANNEXURE - 'A' RATE OF INTEREST FOR DEPOSITS: MATURITY PERIOD EXISTING RATE OF INTEREST IN OUR BANK w.e.f 01.07.2011 REVISED RATE OF INTEREST w.e.f. 06.02.2013 7 to 14 days* 5.00% 5.00% 15 to 30 days* 5.00% 5.00% 31 to 45 days* 5.00% 5.00% 46 to 90 days 5.50% 5.50% 91 to 179 days 7.00% 7.00% 180 to 269 days 8.00% 8.00% 270 to 364 days 8.00% 8.00% 1 year to less than 2 year 9.00% 8.75% 27 Months 9.50% Since scraped - not to be offered 2 year to less than 3 year 8.75% 8.75% 3 year to less than 5 year 8.75% 8.50% 5 year to less than 8 year 8.50% 8.50% 8 year 9.00% 8.50% Above 8 year up to 10 year 8.50% 8.50% *For deposits of 1 lakh and above Senior Citizens: The senior citizens (public, other than staff) will continue to get additional interest 0.5% over and above the card rate for maturity period over and above six months till further notice on all term deposit schemes. The senior citizens staff will continue to get additional interest 0.5% over and above the card rate and 1% additional interest to staff members. The revised rates will be only on fresh deposits and on renewal of maturing deposits w.e.f. 06.02.2013
ANNEXURE - 'B' RATE OF INTEREST ON - PRIORITY SECTOR ADVANCES: Sl. No. 1 2 3 Particulars Priority Sector Loans Existing Rate of Interest [%] p.a. w.e.f. 01.03.11 Revised ROI for New Advances only wef 06.02.13 Periodicity of interest to be charged Farm Sector and Non-Farm Sector [except KCC, SCC, SHG, Housing Loan, Education Laon, ACC & RWST] i. Up to Rs.0.50 lakh 12.00% 12.00% Monthly ii. Up to Rs.2.00 lakh 12.00% 12.00% Monthly iii. Limit above Rs.2.00 lakh to Rs.5.00 lakh 13.00% 13.00% Monthly iv. Limit above Rs.5.00 lakh 14.00% 14.00% Monthly Housing Loan [Floating Linked with Bank Rate] For loans up to 10 years i. Up to Rs.5.00 lakh 11.00% 10.50% Monthly ii.above Rs.5.00 lakh to Rs.10.00 lakh 11.00% 10.50% ii. Above Rs.10.00 lakh 11.50% 10.50% Monthly For loans above 10 years to 20 years i. Up to Rs.2.00 lakh 11.25% 10.75% Monthly ii. Above Rs.2.00 lakh to Rs.5.00 lakh 11.25% 10.75% Monthly iii. Above Rs.5.00 lakh to Rs.10.00 lakh 11.25% 10.75% Monthly iii. Above Rs.10.00 lakh 12.00% 10.75% Monthly Kisan Credit Card [Kharif/Rabi Crops]- KCC i. Up to Rs.3.00 lakh * 7.00% 7.00% Half yearly ii. Above Rs.3.00 lakh 13.00% 13.00% Half yearly * Concessional ROI with subvention from GOI is to principal amount which is not overdue. After due date of respective season/crop, regular ROI as per Sl. No.1 of Annexure 'B' would be. Branches should obtain security document as per Bank's normal ROI [Sl. No.1 of i to iii above] 4 On Farm Water Management 12.50% 12.50% Half yearly 5 Self Help Group & JLG (Model-B SHG Mode) 11.25% 11.25% Half yearly 6 Swarozgar Credit Card [SCC] i. Up to Rs.25000-11.75% 11.75% Monthly ii. Above Rs.25000-12.50% 12.50% Monthly Educational Loan i. Up to Rs.4.00 lakh 13.00% 12.50% 7 ii. >4.00 to 7.50 lakh 13.00% 13.00% Simple during iii. Above Rs.7.50 lakh 13.50% 13.50% moratorium period [0.50% concession for girl students] then monthly compounding 8 Artisan Credit Card [ACC] 11.75% 11.75% Monthly 9 Rain Water Harvesting Scheme 12.50% 12.50% Monthly 10 Rural Housing [GJRHS] 12.50% 12.50% Monthly
ANNEXURE - 'C' RATE OF INTEREST ON NON PRIORITY SECTOR ADVANCES: Sl. No. Particulars Existing Rate of Interest [%] p.a. w.e.f. 01.07.11 Revised ROI for New Advances only wef 06.02.13 Periodicity of interest to be charged Non-Priority Sector Loans i. Up to Rs.5.00 lakh 14.50% 14.50% Monthly 1 ii. Limit above Rs.5.00 lakh to Rs.25.00 lakh 14.50% 14.50% Monthly iii. Limit above Rs.25.00 lakh 16.00% 16.00% Monthly 2 Personal Loan/ Consumer Loan Secured 14.00% 14.00% Monthly Unsecured 15.00% 15.00% Monthly 3 Vehicle Loan [For New Vehicle] 12.25% 12.25% Monthly Vehicle Loan [For Old Vehicle] 15.00% 15.00% Monthly Mortgage Loan 4 i. Up to Rs.2.00 lakh 15.00% 15.00% Monthly iii. Above Rs.2.00 lakh to Rs.5.00 lakh 15.00% 15.00% Monthly iii. Above Rs.5.00 lakh 15.00% 15.00% Monthly 5 Loan/Overdraft against Bank's Term 2% above 2% above Deposit Dep Rate Dep Rate Monthly 6 Loan/Overdraft against Bank's Term 3% above 3% above Deposit to 3rd party Dep Rate Dep Rate Monthly 7 Loan against NSC/KVP 14.50% 14.50% Monthly 8 Loan against LIC Policy 16.00% 16.00% Monthly Loan for Construction of Branch 9 Premises i. Up to Rs.2.00 lakh 14.25% 14.25% Monthly ii. Above Rs.2.00 lakh 15.25% 15.25% Monthly 10 Clean Loan with or without guarantee 18.00% 18.00% Monthly 11 Interest/Charges on Temporary Over Draft/Over Limit and for 'against effect payments' % p.a. i. Temporary Over Draft with or without Guarantee ii. Temporary Over Limit 19.00% 19.00% 2% over the rate of interest 2% over the rate of interest iii. Drawls against uncleared effects 19.00% 19.00% Interest should be charged on overdue amount for the actual period of overdrawing 12 Penal Rate 2.00% 2.00% To be levied on overdue amount for the actual period of overdrawing
ANNEXURE - 'D' RATE OF INTEREST ON STAFF LOANS: Sl. No. Particulars Existing Rate of Interest [%] p.a. w.e.f. 01.07.11 Revised ROI for New Advances only wef 06.02.13 Periodicity of interest to be charged STAFF LOANS Housing Loan [At concessional Rate] A. For Officers i. Up to Rs.1.10 lakh 5.00% 5.00% ii. Limit above Rs.1.10 lakh to Rs.5.00 lakh 10.00% 10.00% 1 iii. Limit above Rs.5.00 lakh to Rs.6.00 lakh 11.00% 11.00% iv. Limit above Rs.6.00 lakh 11.00% 11.00% B. For Clerk & Subordinate Staff i. Up to Rs.1.10 lakh 5.00% 5.00% Simple [to be ii. Limit above Rs.1.10 lakh to Rs.4.00 lakh 10.00% 10.00% charged iii. Limit above Rs.4.00 lakh to Rs.5.00 lakh 10.00% 10.00% quarterly] iv. Limit above Rs.5.00 lakh 11.00% 11.00% Vehicle Loan [At concessional Rate] For two wheelers up to Rs.15000-7.50% 7.50% 2 For two wheelers above Rs.15000-12.00% 12.00% For four wheelers up to Rs.80000-8.50% 8.50% For four wheelers above Rs.80000-12.00% 12.00% 3 Loan against LIC Policy 13.75% 13.75% Monthly 4 Loan/OD against NSC/KVP [Max. Limit Rs.1.00 lakh] 10.75% 10.75% Monthly 5 Clean Overdraft 10.75% 10.75% Monthly Educational Loan to wards of Staff 6 i. Up to Rs.4.00 lakh ii. >4.00 to 7.50 lakh iii. Above Rs.7.50 lakh 7 Housing Loan [At commercial Rate] 8 Vehicle Loan [At commercial Rate] [0.50% concession for girl students] Simple during moratorium period then monthly compounding Monthly Monthly Note: In respect of staff advances, enjoying concessional staff housing/vehicle loans where simple rate of interest is charged, the practice of charging simple rate of interest will continue. However, other staff loans with compound interest will automatically qualify for monthly charging and compounding of interest.