INTEREST RATES

ADVANCES w.e.f. 01-06-2017

TYPE INTEREST RATE
Prime Lending Rate (PLR) 12.00% p.a.
Housing Loans

8.25% p.a. - upto Rs 28 Lakhs for Women

8.35% p.a. - upto Rs 28 Lakhs for others

8.95% p.a. - above Rs 28 Lakhs

Personal Vehicle Loan

8.75% p.a. - New Vehicle

12.00% p.a. - Second Hand Vehicle

Super Bike Loan

10.75% p.a. - upto Rs. 1.00 Lakh

10.25% p.a. - above Rs. 1.00 Lakh

9.75% p.a. - Citizencredit Salary Account Holders

Loans against Gold / LIC / NSC / Govt Securities 11.50% p.a.
Loan/ Overdraft Against Property (LAP & OAP)

14.00% p.a. - Loan upto Rs 25 Lakhs

12.25% p.a. - Loan from Rs 25 Lakhs to Rs 1000 Lakhs

Reverse Mortgage Loan (Aashraya) 11.00% p.a.
Lease Rental Discounting 12.00% p.a.
Overdraft against Shares and Units of Mutual Fund 13.00% p.a.
Loan Against Bank Deposits

Senior Citizens - 1% above the deposit rate

Non Senior Citizens - 2% above the deposit rate

Third Party Deposits - 2% above the deposit rate or PLR whichever is higher

Doctor Care

9.50% p.a. - Upto 84 months

11.50% p.a. - bove 84 Upto 120 months

Discounting of Bills under Letter of Credit

10.00% p.a. - For sight LC & Usance LC upto 90 days

10.50% p.a. - For Usance LC above 90 days to 180 days, subject to approval of Managing Director

Pragati Scheme Term Loan / Working Capital Limits 11.75% p.a.
Education Loan

12.00% p.a. - Unsecured Loan

11.00% p.a. - Secured Loan

Travel Loan

13.00% p.a. - Unsecured Loan

12.00% p.a. - Secured Loan

Scheme for Commercial Transport Operators 10.25% p.a.
SME / Corporate loans above Rs 1 crore (based on internal rating) 11.50% p.a. to 12.00 % p.a.
Construction / Real Estate Loans 14% p.a. to 16% p.a.
Penal Interest on overdue advances 2% above interest rate applicable to the advance

SAVINGS BANK DEPOSITS w.e.f. Jan 01, 2017

Savings - Domestic (Regulated) 4.00% p.a. (on daily balances product)
Savings - NRO / NRE (Regulated) 4.00% p.a.. (on daily balances product)

TERM DEPOSITS w.e.f. July 08, 2019

RAP30 4.25% p.a..
RAP90 5.50% p.a..
FD365 6.75% p.a..
FD500 7.00% p.a..

OTHER TERM DEPOSITS w.e.f. July 08, 2019

PERIOD INTEREST RATE
31 days to 180 days 5.50% p.a..
181 days to 270 days 6.00% p.a..
271 days to 1 year 6.50% p.a..
Above 1 year upto 5 years 6.65% p.a..

NRE FDR, NRE QIRP OTHER TERM DEPOSITS w.e.f. July 08, 2019

PERIOD INTEREST RATE
1 year 6.50% p.a..
Above 1 year upto 5 years 6.65% p.a..

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