Interest rates on Domestic Deposits
Interest rates for Deposits (Rs 1.00 Cr to Rs 5.00 Cr)
Interest rates on Personal Segment Advances
Interest rates on NRE Deposits and Schemes
Interest rates on SME Segment Advances
Interest rates on Agricultural Advances
Special Campaign --- P Segment Loans Concession in rates of Interest
| SBM Base Rate inrespect of all advances (other than certain exempted categories): 10.15 %( w.e.f 04.03.2013) |
RATES OF INTEREST WITH EFFECT FROM 04-03-2013.
FOR DEPOSITS OF LESS THAN Rs 1.00 CRORE
|
PERIOD |
REVISED RATE OF INTEREST (%) |
|
|
|
Less than Rs.15 lacs |
Rs.15. lacs & above |
|
7 Days to 14 days |
------ |
7.00 |
|
15 to 179 days |
7.00 |
7.00 |
|
180 days to less than 1 year |
7.50 |
7.50 |
|
1 year & above upto 2 years |
9.00 |
9.00 |
|
Above 2 years & upto 3 years |
9.10 |
9.10 |
|
Above 3 years & upto 5 years |
9.10 |
9.10 |
| Above 5 years | 8.75 | 8.75 |
| 1.The revised rates are applicable for fresh deposits and renewal of maturing deposits. |
|
2. Senior Citizens will be eligible for 0.50% extra interest for all maturities. |
|
3. The revised rates are also applicable to deposits accepted under Capital Gains Scheme, 1988, Deposits from Cooperative banks and NRO Deposits. |
| 4. Mybank Surakshana and SBM Tax Saver scheme will also carry an interest rate of 9.10% |
|
Period of Deposit |
Card Rate of Interest proposed (%) |
|
7 to 45 days |
7.50 |
|
46 to 90 days |
7.50 |
|
91 to 179 days |
7.50 |
|
180 to 269 days |
8.25 |
|
270 to 364 days |
8.50 |
|
1 year (One year only) |
8.75 |
The existing and revised rates of interest (with effect from 04.03.2013)
which are linked to BASE RATE are as under
1. Interest on existing advances under the fixed rates of interest category shall continue to be charged at the agreed rate.
2. All existing loans linked to BASE RATE under floating rates shall be charged as under:
|
Sl. No |
NAME OF THE SCHEME |
|
Spread over Base Rate |
Existing Rates Of Interest (%) |
Revised Rates Of Interest W E F 04.03.2013 (%) |
||||||||||||||||||||
|
1 |
c) For HOUSING LOANS SANCTIONED FROM 03.10.2012 |
|
|||||||||||||||||||||||
|
2 |
USED CARS |
Upto 3 years |
6.50 |
16.75 |
16.65 |
||||||||||||||||||||
|
|
|
3yrs Upto 5 years |
7.25 |
17.50 |
17.40 |
||||||||||||||||||||
|
3. |
FOR NEW CAR LOANS SANCTIONED FROM 03.10.2012 |
Upto and inclusive of 7 years |
0.75 |
11.00 |
10.90 |
||||||||||||||||||||
|
4 |
TWO WHEELER LOANS |
Up to 5 Years |
6.50 |
16.75 |
16.65 |
||
|
5 |
EDUCATION LOANS: (*0.50% CONCESSION FOR GIRL STUDENTS FOR LOANS SANCTIONED W.E.F.01.04.2009) |
Floating |
|
|
|
||
|
Upto `4.00 Lacs |
3.25 |
13.50 |
13.40 |
||||
|
`.4.00 to `.7.50 Lacs |
3.00 |
13.25 |
13.15 |
||||
|
Above `.7.50 Lacs |
1.75 |
12.00 |
11.90 |
||||
|
Fixed |
No fixed rates |
||||||
|
6 |
IBA MODEL LOAN SCHEME FOR VOCATIONAL EDUCATION & TRAINING |
|
3.25 |
13.50 |
13.40 |
||
|
7 |
MYBANK SCHOLAR |
TERM LOAN |
1.75 |
12.00 |
11.90 |
||
|
8 |
UDYOGI GNANAMITRA |
TERM LOAN |
4.00 |
14.25 |
14.15 |
||
|
9 |
ALL PURPOSE MORTGAGE LOAN |
Overdraft |
5.75 |
16.00 |
15.90 |
||
|
Term Loan |
5.25 |
15.50 |
15.40 |
||||
|
10 |
MYBANK HOME CASH
|
TERM LOAN |
5.25 |
15.50 |
15.40 |
||
|
OVERDRAFT |
5.75 |
16.00 |
15.90 |
||||
|
11 |
PERSONAL LOAN |
Upto 3 YEARS |
7.25 |
17.50 |
17.40 |
||
|
12 |
XPRESS CREDIT (MODIFIED) |
WITH CHECK OFF |
4.75 |
15.00 |
14.90 |
||
|
WITH PARTIAL CHECKOFF |
5.25 |
15.50 |
15.40 |
||||
|
NO CHECK OFF |
6.75 |
17.00 |
16.90 |
||||
|
13 |
MYBANK ARAKSHAK |
DEMAND LOAN |
6.00 |
16.25 |
16.15 |
||
|
14 |
MYBANK ADHAYAPAK |
DEMAND LOAN |
6.00 |
16.25 |
16.15 |
||
|
15 |
MYBANK UTSAV |
DEMAN LOAN |
6.50 |
16.75 |
16.65 |
||
|
16 |
BDA SITE PURCHASE-PAYMENT OF INITIAL DEPOSIT |
DEMAND LOAN
|
5.25 |
15.50 |
15.40 |
||
|
17 |
MYBANK SAMACHAR (DL) (Interest set at CBS is 15.90%. Branches to give discount at account level for Check-off facility) |
WITH CHECK –OFF FACILITY |
5.25 |
15.50 |
15.40 |
||
|
WITHOUT CHECK OFF FACILITY |
5.75 |
16.00 |
15.90 |
||||
|
18 |
SANJEEVINI (Interest set at CBS is 15.90%. Branches to give discount at account level for Check-off facility) |
WITH CHECK –OFF FACILITY |
5.50 |
15.75 |
15.65 |
||
|
WITHOUT CHECK –OFF FACILITY |
5.75 |
16.00 |
15.90 |
||||
|
19 |
GOLD LOAN (for loans sanctioned from 04.03.2013) |
|
2.35 |
|
12.50 |
||
|
20 |
LOAN AGAINST NSC/RBI RELIEF BONDs/KVPS/ IVPS/ SURRENDER VALUE OF SBI LIFE POLICY/SBI MAGNUM/ SURRENDER VALUE OF LIC POLICY |
DEMAND LOAN |
4.25 |
14.50 |
14.40 |
||
|
OVERDRAFT
|
4.25 |
14.50 |
14.40 |
||||
|
21 |
HELPAGE |
DEMAND LOAN |
4.50 |
14.75 |
14.65 |
||
|
22 |
LOANS AGAINST SHARES |
DEMAND LOAN |
7.50 |
17.75 |
17.65 |
||
|
23 |
ADVANCES AGAINST SECURITIES OF UNITS OF UTI |
DEMAND LOAN |
7.50 |
17.75 |
17.65 |
||
|
24 |
CONSUMER DURABLES |
Upto 3 Years |
7.25 |
17.50 |
17.40 |
||
|
25 |
VARSHA VAHINI |
UPTO 5 YEARS |
1.50 |
11.75 |
11.65 |
||
|
26 |
HBL- INT SUBSIDY SCHEME-ISHUP |
5-15 Years |
1.75 |
12.00 |
11.90 |
||
|
15-20 Years |
2.00 |
12.25 |
12.15 |
||||
|
27 |
CLEAN OVERDRAFTS |
|
7.25 |
17.50 |
17.40 |
||
|
28 |
REVERSE MORTGAGE LOAN OVER DRAFT (Fixed Rate) |
Public |
|
11.25 |
11.25 |
||
|
Staff |
|
10.75 |
10.75 |
||||
Interest Rates on Advances made to MICRO & SMALL ENTERPRISES
MSME SEGMENT ADVANCES : BASE RATE-10.25% w.e.f.03-10-2012
- INTEREST RATES FOR MICRO & SMALL ENTERPRISES ADVANCES TO INDUSTRY AND SERVICE SECTOR
(A) Working Capital up to Rs.25.00 lacs.
|
Size of the Credit Limit
|
|
INTEREST w.e.f 01.11.2011 (BR-10.50%) |
|
|
|
Interest Rate |
|
Advances under DIR Scheme |
-- |
4.00 |
|
Limits upto Rs.50000 |
BR+2.25 |
12.75 |
|
Above Rs.50000/ & Upto Rs.2.00 lacs |
BR+3.25 |
13.75 |
|
Above Rs.2.00 lacs & upto Rs.5.00 lacs |
BR+4.00 |
14.50 |
|
Above Rs. 5.00 lacs & below Rs.25.00 lacs |
BR+4.50 |
15.00 |
(B) Working Capital Rs.25.00 lacs and above (CRAS)
|
CRA Rating |
|
Interest Rate (%) |
|
SB 1 |
BR+4.00 |
14.50 |
|
SB 2 |
BR+4.25 |
14.75 |
|
SB 3,4&5 |
BR+5.00 |
15.50 |
|
SB 6&7 |
BR+5.50 |
16.00 |
|
SB 8&9 |
BR+6.00 |
16.50 |
|
SB 10 |
BR+6.25 |
16.75 |
|
SB 11&12 |
BR+6.75 |
17.25 |
|
SB 13&14 |
BR+7.25 |
17.75 |
|
SB 15&16 |
BR+7.75 |
18.25 |
2. ADVANCES TO MICRO & SMALL ENTERPRISES - INDUSTRIAL AND
SERVICES SECTOR (FOR TERM LOANS)
TERM LOANS
|
Period
|
Upto Rs.50,000/-(%) |
>Rs.50,000 To Rs.2.00 lacs (%) |
>Rs.2.00 lacs to Rs.5.00 lacs (%) |
>Rs.5.00 lacs to Rs.25.00 lacs(%) |
||||
|
Upto 3 years |
BR+2.25 |
12.75 |
BR+3.25 |
13.75 |
BR+4.00 |
14.50 |
BR+4.50 |
15.00 |
|
> 3 to 5 years |
BR+2.75 |
13.25 |
BR+3.75 |
14.25 |
BR+4.50 |
15.00 |
BR+5.00 |
15.50 |
|
> 5 years |
BR+3.00 |
13.50 |
BR+4.00 |
14.50 |
BR+4.75 |
15.25 |
BR+5.25 |
15.75 |
b) (i) Rs.25.00 lacs and above (CRAS)-TERM LOAN
|
CRA Rating |
TENOR UP TO 3 YEARS |
> 3 YEARS TO < 5 YEARS |
5 YEARS & ABOVE |
|||
|
SB 1 |
BR+4.00 |
14.50 |
BR+4.50 |
15.00 |
BR+4.75 |
15.25 |
|
SB 2 |
BR+4.25 |
14.75 |
BR+4.75 |
15.25 |
BR+5.00 |
15.50 |
|
SB 3,4&5 |
BR+5.00 |
15.50 |
BR+5.50 |
16.00 |
BR+5.75 |
16.25 |
|
SB 6&7 |
BR+5.50 |
16.00 |
BR+6.00 |
16.50 |
BR+6.25 |
16.75 |
|
SB 8&9 |
BR+6.00 |
16.50 |
BR+6.50 |
17.00 |
BR+6.75 |
17.25 |
|
SB 10 |
BR+6.25 |
16.75 |
BR+6.75 |
17.25 |
BR+7.00 |
17.50 |
|
SB 11&12 |
BR+6.75 |
17.25 |
BR+7.25 |
17.75 |
BR+7.50 |
18.00 |
|
SB 13&14 |
BR+7.25 |
17.75 |
BR+7.75 |
18.25 |
BR+8.00 |
18.50 |
|
SB 15&16 |
BR+7.75 |
18.25 |
BR+8.25 |
18.75 |
BR+8.50 |
19.00 |
|
MYBANK- MSE WELCOME |
BR+0.50 |
For the First year @ 11.00% p.a. and applicable floating rate from 2nd year onwards |
RICE MILL PLUS :
3. (1) Working Capital – Limit above Rs. 10.00 lakh
i)Collateral Coverage:
|
CRA Rating |
> or equal to 75%
|
Equal or > 50% & < 75% |
||
|
SB 1&2 |
BR+2.50 |
13.00 |
BR+3.00 |
13.50 |
|
SB 3,4&5 |
BR+3.00 |
13.50 |
BR+3.50 |
14.00 |
|
SB 6&7 |
BR+3.50 |
14.00 |
BR+4.00 |
14.50 |
|
SB 8&9 |
BR+4.50 |
15.00 |
BR+5.00 |
15.50 |
3. (2) Term Loan- up to 3 Years i)Collateral Coverage
|
CRA Rating |
> or equal to 75% |
Equal or > 50% & < 75%
|
||
|
SB 1&2 |
BR+3.00 |
13.50 |
BR+3.50 |
14.00 |
|
SB 3,4&5 |
BR+3.50 |
14.00 |
BR+4.00 |
14.50 |
|
SB 6&7 |
BR+4.00 |
14.50 |
BR+4.50 |
15.00 |
|
SB 8&9 |
BR+5.00 |
15.50 |
BR+5.50 |
16.00 |
3. (3) Term Loan- > 3 Years < 5 Years
i)Collateral Coverage
|
CRA Rating |
> or equal to 75% |
equal or > 50% & < 75% |
||
|
SB 1&2 |
BR+3.00 |
13.50 |
BR+3.50 |
14.00 |
|
SB 3,4&5 |
BR+3.50 |
14.00 |
BR+4.00 |
14.50 |
|
SB 6&7 |
BR+4.00 |
14.50 |
BR+4.50 |
15.00 |
|
SB 8&9 |
BR+5.00 |
15.50 |
BR+5.50 |
16.00 |
3. (4) Term Loan- > 5 Years
i)Collateral Coverage
|
CRA Rating |
> or equal to 75% |
equal or > 50% & < 75% |
||
|
SB 1&2 |
BR+3.00 |
13.50 |
BR+3.50 |
14.00 |
|
SB 3,4&5 |
BR+3.50 |
14.00 |
BR+4.00 |
14.50 |
|
SB 6&7 |
BR+4.00 |
14.50 |
BR+4.50 |
15.00 |
|
SB 8&9 |
BR+5.00 |
15.50 |
BR+5.50 |
16.00 |
4.Contractor Plus
|
a)for BBMP Contractors |
BR+4.25 |
14.75 |
|
b) for Others |
BR+4.50 |
15.00 |
5.Micro Sector Collateral Free Loans
|
|
Interest Rate(%) |
|
|
Working Capital |
BR+0 |
10.50 |
|
Term Loans |
|
|
|
I )Period upto 3 yrs |
BR+0 |
10.50 |
|
ii) 3 yrs to 5 yrs |
BR+0 |
10.50 |
|
iii) > 5 yrs |
BR+0 |
10.50 |
‘SME Smart Score’ Scheme
|
|
Repayable on Demand or upto 3 years |
Repayable above 3 years |
||
|
> Rs.5.00 lacs and <Rs.25.00 lacs |
BR+4.50 |
15.00 |
BR+5.00 |
15.50 |
|
>Rs.25 lacs Upto Rs.50 lacs |
BR+5.00
|
15.50 |
BR+5.50
|
16.00 |
|
SME Four Wheeler Loan(New Car) |
BR+2.50 |
13.00% |
SME Car Loan(Used Vehicles)
|
Period |
Rate of Interest |
|
|
Upto 3 years |
BR+7.00 |
17.50 |
|
Above 3 to 5 years |
BR+7.50 |
18.00
|
MORTGAGE PLUS
|
|
Interest Rate |
|
|
Term Loan-SBF |
BR+4.50 |
15.00 |
|
Overdraft -SBF |
BR+5.00 |
15.50 |
LIBERALISED TRADE FINANCE
|
|
Interest Rate |
|
|
Cash Credit(SBF) |
BR+4.75 |
15.25 |
|
Term Loan(SBF) |
BR+5.25 |
15.75 |
|
Term Loan(SSI) |
BR+4.50 |
15.00 |
SBM DOCTOR PLUS
(For loans upto Rs.25.00 lacs)
|
Score |
Interest Rate |
|
|
65 & above |
BR+3.25 |
13.75 |
|
55 - 64 |
BR+3.50 |
14.00 |
|
45 - 54 |
BR+3.75 |
14.25 |
|
40 - 44 |
BR+4.25 |
14.75 |
|
Below 40 |
|
No Finance |
CREDIT RATING
(For loans above Rs.25 lacs and up to Rs.10 crores)
|
CRA Rating (New Model) |
Interest Rate |
|
|
SB 1 to SB 2 |
BR+3.25 |
13.75 |
|
SB 3, SB 4 & SB 5 |
BR+3.50 |
14.00 |
|
SB 6 & SB 7 |
BR+4.00 |
14.50 |
|
SB 8 |
BR+4.50 |
15.00 |
MYBANK-SURYAKIRAN
|
Period |
Rate |
|
Upto 5 years |
5.00%(Fixed) |
Dall Mill Plus
WORKING CAPITAL
|
As applicable to MSME conventional industries |
|
||||
|
Interest Rate |
|||||
|
Upto Rs. 2.00 lacs |
BR+2.75 |
13.25 |
|||
|
Above Rs.2 lacs & upto Rs. 5.00 lacs |
BR+3.50 |
14.00
|
|||
|
Above Rs.5 lacs & below Rs. 25.00 lacs |
BR+4.00 |
14.50 |
|||
|
Rs. 25.00 lacs and above as per CRA |
|
||||
|
|
Interest Rate |
||||
|
For units with CRA rating |
Working Capital & Term Loan repayable with in 3 years |
||||
|
SB 1 & SB 2 |
BR+3.25 |
13.75 |
|||
|
SB 3,SB 4 & SB 5 |
BR+3.75 |
14.25 |
|||
|
SB 6 & SB 7 |
BR+4.25 |
14.75 |
|||
|
SB 8 & SB 9 |
BR+4.75 |
15.25 |
|||
TERM LOANS Rs. 25.00 lacs and above as per CRA
|
As applicable to MSME conventional industries |
|
||
|
Interest Rate |
|||
|
Upto Rs. 2.00 lacs |
BR+3.25 |
13.75 |
|
|
Above Rs.2 lacs & upto Rs. 5.00 lacs |
BR+4.00 |
14.50
|
|
|
Above Rs.5 lacs & below Rs. 25.00 lacs |
BR+4.50 |
15.00 |
|
|
Rs. 25.00 lacs and above as per CRA |
|||
|
For units with CRA rating |
Term Loan repayable in 3 years and above |
||
|
SB 1 & SB 2 |
BR+3.75 |
14.25 |
|
|
SB 3,SB 4 & SB 5 |
BR+4.25 |
14.75 |
|
|
SB 6 & SB 7 |
BR+4.75 |
15.25 |
|
|
SB 8 & SB 9 |
BR+5.25 |
15.75 |
|
Force Motors Ltd
|
|
Interest Rate |
|
|
Loans upto Rs.2.00 lacs |
BR+4.25 |
14.75 |
|
Above Rs.2.00 lacs to Rs.10.00 lacs |
BR+5.00 |
15.50 |
|
Above Rs.10.00 lacs |
BR+5.25 |
15.75 |
|
First nTimr Users |
|
|
|
Up to Rs.5.00 lakh |
BR+5.75 |
16.25 |
|
Above Rs. 5.00 lakh to Rs. 10.00 lakh |
BR+6.25 |
16.75 |
Man ForceTrucks(P) Ltd.,
|
Term Loans |
Interest Rate |
|
|
Upto Rs. 10.00 lacs |
BR+4.50 |
15.00 |
|
Above Rs.10.00 lacs |
BR+5.50 |
16.00 |
|
First time Users |
|
|
|
Upto Rs. 10.00 lacs |
BR+5.00 |
15.50 |
|
Above Rs.10.00 lacs |
BR+6.00 |
16.50 |
BEVERAGES CORPORATION SCHEME FOR FINANCING RETAILERS OF
K S B C LTD-
|
Value of the Security |
Interest Rates |
|
|
25 to 50 % |
BR+4.75 |
15.25 |
|
50 to 75 % |
BR+4.25 |
14.75 |
|
> 75 % |
BR+3.75 |
14.25 |
INTEREST RATES TO BE CHARGED TO ADVANCES MADE TO MEDIUM ENTERPRISES-
AS APPLICABLE TO C & I SEGMENT.
1. C. INTEREST RATES ON COFFEE ADVANCES (The following rates area applicable if repayment is made within one year of sanction. Otherwise 2 % penalty for each slab.) a) Up to Rs; 3 Lakhs 7 % b) Above Rs: 3 Lakhs and upto Rs: 25 Lakhs 10.15 % c) Above Rs: 25 Lakhs and upto Rs: 1 Crore 11.15 % d) Above Rs: 1 Crore and upto Rs: 5 Crore 12.15 %
2. Agricultural Term Loans
2.A .Agricultural Term Loans: Limit upto & inclusive of Rs 2 Lakhs inclusive of Farm House and Rural Godown Schemes for Limits upto Rs: 2.00 Lakhs
2.B. Agricultural Term Loans: Limit above Rs: 2 Lakhs & upto Rs: 25 Lakhs
2. C Agricultural Term Loans ( Limit: Above Rs: 25 Lakhs up to Rs. 5.00 Crores ) (i) Repayment period above 3 years up to 5 years
2.C. Agricultural Term Loans ( Limit: Above Rs:25 Lakhs Up to Rs: 5.00 Crores ) (ii) Repayment period above 5 years up to 15 years
3. INTEREST RATES FOR OTHER SPECIFIC ACTIVITIES
3.A. Produce Marketing Loans ( PML)
3. B. OTHER SPECIFIC ACTIVITIES
4. LOANS TO SELF HELP GROUPS ( SHGs)
5. INDIRECT ADVANCES
5.(A) Co-operative /Intermediary agencies-Crop Loans
( B ) Co-operatives / Intermediary –Agricultural Term Loans
|
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NRE Term / Reinvestment Deposit account
|
Period |
Revised Rate of Interest w.e.f. 01-01-2013 |
|
1 Year & above upto 2 years |
9.00 |
|
Above 2 years & upto 3 years |
9.10 |
|
Above 3 Years upto 05 years |
9.10 |
| Above 5 years | 8.75 |
Note: All these interest rates are subject to change without notice. The revised interest rates are applicable only on fresh deposits and renewal of maturing deposits.
i)The revised rates are applicable to fresh deposits and on renewal of maturing deposits.
ii) In case of Premature withdrawal:
- No interest is payable if the deposit is withdrawn before one year
- In other cases of premature withdrawal, the interest paid shall be 1.00% below the rate
applicable for the period the deposit has remained with the Bank or 1.00% below the
contracted rate, whichever is less.
Interest Rates on FCNR(B) deposits with effect from 01.04.2013
|
PERIOD |
RATE OF INTEREST ( % p.a. ) |
||||
|
USD |
GBP |
EUR |
CAD |
AUD |
|
|
1 Year & above but less than 2 Years |
2.70 |
2.89 |
2.40 |
3.76 |
5.51 |
|
2 Years & above but less than 3 Years |
2.36 |
2.59 |
2.39 |
3.29 |
4.78 |
|
3 years & above but less than 4 Years |
3.45 |
3.65 |
3.48 |
4.36 |
5.92 |
|
4 Years & above but less than 5 Years |
3.60 |
3.75 |
3.60 |
4.47 |
6.12 |
|
5 Years Only |
3.82 |
3.90 |
3.75 |
4.59 |
6.26 |
Interest Rates on RFC deposits with effect from 01.04.2013
|
TYPE/ PERIOD OF DEPOSIT |
RATE OF INTEREST (% p.a.) |
||
|
USD |
GBP |
EURO |
|
|
Current Account |
No Interest |
||
|
Savings Bank Account |
0.75 |
2.50 |
1.25 |
|
Term Deposits |
|
||
|
3 months and above less than 6 months |
1.52 |
1.75 |
1.37 |
|
6 months and above less than 1 year |
1.68 |
1.84 |
1.46 |
|
1year & above but less than 2 years |
2.70 |
2.89 |
2.40 |
|
2 years & above but less than 3 years |
2.36 |
2.59 |
2.39 |
|
3 years & above but less than 4 years |
3.45 |
3.65 |
3.48 |
|
4 years & above but less than 5 years |
3.60 |
3.75 |
3.60 |
|
5 years only |
3.82 |
3.90 |
3.75 |
Interest Rates