Interest Rates

Interest Rates

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Fixed Deposit Rates for Individuals, Trust, Housing Societies & HUF

TENURE INTEREST RATES
(W. E. F. 17/03/2023)*
07 DAYS TO 45 DAYS 4.25%
46 DAYS TO 90 DAYS 4.25%
91 DAYS TO 120 DAYS 4.50%
121 DAYS TO 179 DAYS 4.50%
180 DAYS TO 269 DAYS 5.75%
270 DAYS TO 364 DAYS 5.75%
12 MONTHS (365 DAYS) 7.25%
366 DAYS TO 24 MONTHS 7.25%
MORE THAN 2 YEARS AND UP TO 3 YEARS 6.75%
MORE THAN 3 YEARS AND UP TO 5 YEARS 6.75%
TAX SAVING DEPOSIT SCHEME FOR 60 MONTHS 5.00%

Fixed Deposit Rates for Banks, PACs & Other Institutions

TENURE INTEREST RATES
(W. E. F. 01/08/2023)*
07 DAYS TO 45 DAYS 4.75%
46 DAYS TO 90 DAYS 5.00%
91 DAYS TO 120 DAYS 5.25%
121 DAYS TO 179 DAYS 5.25%
180 DAYS TO 269 DAYS 5.60%
270 DAYS TO 364 DAYS 6.00%
12 MONTHS (365 DAYS) 7.25%
366 DAYS TO 24 MONTHS 6.50%
24 MONTHS & 1 DAY 6.25%

Retail Loans

TYPE OF LOAN FIXED INTEREST RATES
(W. E. F. 15/04/2024)*		 FLOATING INTEREST RATES
(W. E. F. 15/04/2024)*
Home Loan 9.00%* 8.20%*
Commercial Property Loan 10.50%* 9.00%*
Security Mortgage Loan/OD 10.50%* 9.00%*
Car Loan 9.25%* 8.20%*
Commercial Vehicle Loan 11.50%* 10.00%*
Two-Wheeler Loan 11.50%* 9.50%*
Higher Education Loan 10.50%* 8.65%*
Doctor Mitra Loan 9.75%* 9.00%*
Solar Rooftop Loan 8.50%* 8.50%*
Consumer Durable Loan 12.00%* 10.50%*
JLG/SHG Scheme Loan 11.00%* 11.00%*
Working Capital C.C 11.00%* 10.50%*

Institutional Loans

SR. TYPES OF LOANS & ADVANCES INTEREST RATE (W.E.F : 01/06/2024)*
1 FOR THE DCCB’s
1.1 S.T. AGRI. LOAN
[1] NABARD SAO REFINANCE 0.25% (MARGIN)
[2] NABARD ASAO REFINANCE 0.75% (MARGIN)
[3] SAO FROM OWN FUND 9.00%
1.2 S.T. OTHERS
[1] NABARD REFINANCE 0.50% (MARGIN)
[2] LOAN FROM OWN FUND 10.00%
1.3 REFINANCE OF NABARD’S PACS AS MSC SCHEME 0.50% (MARGIN)
1.4 NON AGRI. CASH CREDIT: (FOR DCCB)
[1] NORMAL (MONTHLY INTEREST) 8.00% to 10.00%
[2] FOR SUGAR FINANCE (HALF YEARLY INTEREST ) 9.00% to 11.00%
2 NON AGRI. CASH CREDIT TO UCBS (MONTHLY INTEREST) 10.00% to 12.00%
3 DIRECT FINANCE TO CO-OP. INSTITUTIONS, COMPANY, & OTHER INSTITUTIONS
[1] PLEDGE CASH CREDIT 9.00% TO 10.50%
[2] HYPOTHECATION CASH CREDIT 9.50% TO 11.00%
[3] NON AGRI CASH CREDIT 7.80% TO 10.00%
[4] MEDIUM / LONG TERM AGRI. LOAN 9.00% TO 10.50%
[5] MEDIUM / LONG TERM NON AGRI. LOAN 9.00% TO 11.00%
4 BANK GUARANTEE – COMMISSION (QUARTERLY BASIS)
– 25% F.D.R + 75% BANK APPROVED SECURITIES 2.00% + GST
– 100% F.D.R 1.00% + GST
5 [1] PENAL INTEREST IN CASE OF DEFAULT IN PRINCIPAL & INTEREST FOR NABARD REFINANCE 2.00%
[2] PENAL INTEREST IN CASE OF DEFAULT IN PRINCIPAL & INTEREST OF OWN FUND LOAN 1.00%

* Interest rates are subject to change without prior notice. Bank reserves the right to revise the rate of interest and the processing fee from time to time.
* No interest is payable if the depositor withdraws the entire FD amount within 7 days from the date of deposit.
* GST and other Government taxes, levies, etc., applicable as per the prevailing rates will be charged over and above the mentioned charges