Category Of Deposit | Slabs | Rate Of Interest (P.A.) | ||||||
---|---|---|---|---|---|---|---|---|
Savings | Any Amount | 3.00% | ||||||
Special Notice Deposit | Below 25.00 crore | 3.00% | ||||||
25.00 crore & above | 4.00% | |||||||
FDR for 1 Month | Any Amount | 7.00% | ||||||
FDR for 3 Months | ||||||||
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9.00% | |||||||
9.25% | ||||||||
9.50% |
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FDR above 6 Months | ||||||||
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FDR for 1 Year and above completed years |
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Restructured rates of interest on lending effective from 01 April 2024 as per following bands (SMART is 10.55%):
Sl No. |
Category of Advances |
Interest Rate (p.a.) to be effective from 01 April 2024 |
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01 |
Agriculture & Rural Credit |
SMART + 2.00% |
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02 |
Term Loan for Large Industries |
SMART + 3.00% |
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03 |
Term Loan for Cottage, Micro, Small & Medium Enterprises (CMSME)- non PPG Loan |
SMART + 3.00% |
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04 |
Working Capital for Industries a) Large Industries b) Cottage, Micro, Small & Medium Enterprises(CMSME)- non PPG Loan |
SMART + 3.00% SMART + 3.00% |
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05 |
Pre-Shipment Export Credit |
SMART + 2.00% |
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06 |
Trade Finance |
SMART + 3.00% |
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07 |
House Building Loan |
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a) House Building Loan (Commercial) |
SMART + 3.00% |
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b) House Building Loan (Gen) |
SMART + 3.00% |
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08 |
Consumer Credit |
SMART + 3.00% |
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09 |
Credit Card |
20.00% |
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10 |
Credit to Non-Banking Financial Institution |
SMART + 3.00% |
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11 |
Others : |
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a) OD (Exp) [Forced loan] |
SMART + 3.00% |
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b) SOD/Loan against FDR of other Banks, ICB unit, WEDB, Any other allowable instrument etc. |
SMART + 3.00% (for Consumer) SMART + 3.00% (for Corporate) |
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c) SOD/Loan against lien on FDR and Scheme Deposit (Except Super Savers’ Term Deposit) of our Bank. |
i) 2.50% over the FDR/Effective Scheme Deposit rate of interest in case of upto 80.00% lien on FDR/Scheme Deposits. ii) 3.00% over the FDR/Effective Scheme Deposit rate of interest in case of above 80.00% to below 90.00% lien on FDR/Scheme Deposits. |
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d) LDBP |
SMART + 3.00% |
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e) All other loans & advances created on forced circumstances |
SMART + 3.00% |
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f) Loan against Forced Import Payment |
SMART + 3.00% |
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g) OD (General) against work order / OD against Pay Order / Earnest Money Scheme |
SMART + 3.00% |
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h) Others (not covered above) |
SMART + 3.00% |
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12
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For products under PPG based:
|
SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 3.00% SMART + 2.00% to 3.00% |
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You are advised to comply with the following conditions while fixing interest rates against different credit facilities of your portfolios:
Notes: