| Rate of Interest on Advances w.e.f. 10/07/2008 |
| a |
Sr.No. |
Type of Advances |
|
- |
- |
( * Floating) |
1 |
Environment Friendly Vehicle |
10.00% |
- |
(not using any kind of fuel) |
|
2 |
Against N S C / K V P / Relief Bond (Govt.Securities) |
10.00% |
3 |
Housing Loan (Upto Rs.20/- Lacs) |
11.50% |
4 |
Against L I C Policy |
10.00% |
5 |
Against Demat Shares (Maximum Rs.10/- Lacs) |
12.00% |
6 |
Educational Loan |
10.00% |
7 |
Advances to Individual/ Group of Individual doctors practicing in the area in which they are specialized. |
10.00% |
8 |
Advances to Medical Institution |
11.00% |
8a |
| Advances to Medi. Institution (Run by Pub.Ch.Trust. Having IT Cert,) |
|
10.00% |
9 |
Car Loan |
10.50% |
10 |
Loan agst.Equi.Mortgage of Office/ Shops |
11.50% |
11 |
Loan agst. Two Wheeler |
12.00% |
12 |
Loan agst. CNG Auto Rickshaw |
12.00% |
13 |
Professional & Self Employed Persons |
12.00% |
14 |
Hypothecation agst. Stock / Book-Debts |
12.50% |
15 |
D.A. Bills Discounting , Docu. Biils Purchased |
12.00% |
16 |
O/D. agst. Property |
12.50% |
17 |
Loan agst.Commercial Vehicle |
12.50% |
18 |
Loan agst. Plant & Machineries |
12.50% |
19 |
Loan agst. Furniture & Fixtures etc. |
12.50% |
20 |
Marriage Loan (Maximum 2 Lacs ) |
13.00% |
21 |
Loan agst. Gold Ornaments |
13.00% |
22 |
Clean Loan |
14.00% |
23 |
Clean-credit / Clean Bills Purchased |
14.00% |
24 |
Personal Consumer Loans |
14.00% |
25 |
Loan agst Hallmarked Jewellery |
13.00% |
26 |
Loan / OD Agst. Bank FDR Over FDR rate |
+1% |
27 |
Loan / OD Agst. Third Party FDR Over FDR rate |
+3% |
- Interest rates are subject to changes made by the Bank from time to time without any prior notice
- 1/2% rebate scheme to be reviewed from 01/04/2007.
- Penal interest may be introduced for overdue installments, non submission/delay in submission of Stock BD Statements, Renewal data, Insurance policy, Excess in Fund based limits etc.
|
History of Change of rate of Interest on advances
- Housing Loan Int. Changed 10 % p.a. to 13 % p.a. w.e.f. 01/05/2007
- Housing Loan Int. Changed 13 % to 11.50 % p.a. w.e.f. 01/08/2007
- Loan agst. Hallmarked Jewellery 13 % to 12 % p.a. w.e.f. 01/10/2007
History of Change of rate of Interest on Deposits
No change in Rate of Interest on Deposits from 01/04/2007 to 31/03/2008. |
