INTEREST RATES

ADVANCES w.e.f. 18-08-2021

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

8.00% p.a. - upto Rs 35 Lakhs for Women

8.10% p.a. - upto Rs 35 Lakhs for others

8.60% p.a. - above Rs 35 Lakhs

Personal Vehicle Loan*

7.75% p.a. - New Vehicle

8.75% p.a. - Second Hand Vehicle

Super Bike Loan

10.50% p.a. - upto Rs. 1.00 Lakh

10.00% p.a. - above Rs. 1.00 Lakh

9.50% p.a. - Citizencredit Salary Account Holders

9.50% p.a. - Corporate Salary Account (CSA) holders

Loans against Gold* / LIC / NSC / Govt Securities

Gold - 8.50%

LIC - 11.50%

NSC - 11.50%

Govt Securities - 11.50%

Loan/ Overdraft Against Property (LAP & OAP)

Rs. 5 Lakh to below Rs. 10 lakh - 12.00% p.a

Rs. 10 Lakh and above upto Rs 10 Crore - 11.00% p.a

Reverse Mortgage Loan (Aashraya) 10.00% 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

Education Loan*

11.00% p.a. - Unsecured Loan

9.00% 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
*CIBIL based pricing

SAVINGS BANK DEPOSITS w.e.f. June 22, 2020

Savings - Domestic (Regulated) 3.00% p.a. (on daily balances product)
Savings - NRO / NRE (Regulated) 3.00% p.a. (on daily balances product)

TERM DEPOSITS w.e.f. September 1, 2022

RAP30 3.25% p.a.
RAP90 3.75% p.a.
FD365 4.75% p.a.
FD500 5.15% p.a.
FD1000 5.75% p.a.

OTHER TERM DEPOSITS w.e.f. September 1, 2022

PERIOD INTEREST RATE
7 days to 29 days 3.00% p.a.
30 days to 90 days 3.50% p.a.
91 days to 180 days 4.00% p.a.
181 days to 270 days 4.65% p.a.
271 days to 1 year 4.65% p.a.
Above 1 year upto 2 years 5.00% p.a.
Above 2 years upto 3 years 5.25% p.a.
Above 3 year upto 5 years 5.50% p.a.
Additional 0.25% for Senior Citizens (for domestic deposit all tenor)

NRE FDR, NRE QIRP OTHER TERM DEPOSITS w.e.f. September 1, 2022

PERIOD INTEREST RATE
1 year (12 months) 4.65% p.a.
Above 1 year to 2 years 5.00% p.a.
Above 2 years to 3 years 5.25% p.a.
Above 3 years to 5 years 5.50% p.a.

FD PRO (single deposit Rs 2 Crore & above)*

PERIOD INTEREST RATE
7 days to 29 days 2.25% p.a.
30 days to 90 days 2.55% p.a.
91 days to 180 days 3.00% p.a.
181 days to 270 days 3.15% p.a.
271 days to 365 days 3.65% p.a.
366 days to 730 days 4.00% p.a.

*The scheme will not be eligible for an additional rate of 0.25%

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