State Bank of Mysore

Trusted Service

Interest rates

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SBM's Base Rate

SBM's Prime Lending Rate

Interest rates on Domestic Deposits

Interest rates for  Deposits (Rs 1.00 Cr to Rs 5.00 Cr)

Interest rates for Deposits above 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

 

SBM Base Rate inrespect of all advances (other than certain exempted categories): 10.00 %( w.e.f 01-05-2015)
SBM Prime Lending Rate- SBMPLR-15.00%( w.e.f 04.03.2013)

RATES OF INTEREST WITH EFFECT FROM 13-08-2015.

FOR DEPOSITS OF LESS THAN Rs 1.00 CRORE

PERIOD

REVISED RATE OF INTEREST

(%)

7 DAYS TO 90 DAYS

6.25

91 DAYS TO 179 DAYS

 

6.75

180 DAYS TO LESS THAN 1 YEAR

7.50

1 YEAR TO LESS THAN 3 YEARS

 

8.00

3 YEARS AND ABOVE UPTO 10 YEARS

8.00

1.The revised rates are applicable for fresh deposits and renewal of maturing deposits.

2. Senior Citizens will be eligible for 0.40% 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 8.00%

  Interest rates for Deposits (Rs 1.00 Cr to Rs 5.00 Cr) (With effect from 08.08.2015)

PERIOD

RATE OF INT (%)

7-45 days 6.25
46-90 days 6.25
91-179 days 6.75
180-269 days 7.00
270-364 days 7.00
1 year 7.75

 

TopInterest Rates  for Deposits above Rs.5.00 crores 

                 RATES VALID FOR (21-08-2015)


PERIOD

RATE OF INT (%)

07 – 14 Days

6.25

15 – 45 Days

6.25

46 – 90 Days

6.25

91 – 179 Days

6.75

180 – 269 Days

6.75

270 – 363 Days

6.75

364 days

6.75

1 Year

7.35

Above 1 Year to 2 Years

7.35

Above 2 Years to 5 Years

7.35




 In respect of premature withdrawal of domestic deposits of Rs.1 crore and above following instructions will apply.

a. Deposits of Rs.1.00 crore and above and upto Rs.10.00 crores : Premature withdrawal is permitted. However, no interest will be paid if the premature withdrawal takes place within and inclusive of 15 days. If the premature withdrawal is made after 15 days, interest will be paid at 1% below the rate of interest applicable for the period the deposit has remained with the Bank or 1% below the contracted rate , whichever is lower .

 

b. Deposits above Rs.10.00 crores : Premature withdrawal is permitted. However, no interest will be paid if the premature withdrawal takes place within and inclusive of 15 days. If the premature withdrawal is made after 15 days, interest will be paid at 2% below the rate of interest applicable for the period the deposit has remained with the Bank or 2% below the contracted rate, whichever is lower.

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STATE BANK OF MYSORE

PERSONAL SEGMENT – INTEREST RATES

[The interest rates are linked to Base Rate]

[Present Base Rate is 10.00% p.a.] 

Sl. No

NAME OF THE SCHEME

 

Spread over Base Rate

Existing Rates Of Interest

(%)

Revised Rates Of Interest

W E F 01.05.2015

(%)

1

a) HOUSING LOAN

(Including SBM Realty, Flexi Housing Loans, SBM Max-gain, NRI Housing Loan, Purchase of Site/Plot, Safety Home Loan)

 

Upto 25 Lacs

 

 

 

Upto and inclusive of 20 Years

0.75

11.00

10.75

Above 20 years upto 25 years

1.00

11.25

11.00

Above ` 25 Lacs upto ` 30 Lacs

 

 

 

Upto and inclusive of 20 Years

0.75

11.00

10.75

Above 20 years upto 25 years

1.00

11.25

11.00

Above ` 30 Lacs upto ` 75 Lacs

 

 

 

Upto and inclusive of 20 Years

1.00

11.25

11.00

Above 20 years upto 25 years

1.25

11.50

11.25

Above ` 75 Lacs

 

 

 

Upto and inclusive of 20 Years

1.50

11.75

11.50

Above 20 years upto 25 years

1.75

12.00

11.75

b) HOUSING LOAN-Upto 10 years (Fixed Interest Rate)

Upto ` 30 Lacs

Above ` 30 Lacs

No Fixed rates

 

c) For HOUSING LOANS SANCTIONED FROM  03.10.2012 to 31.01.2014, except during Special campaign period i.e. 23.10.2013 to 31.01.2014.

Limit

Margin 25% & above

Margin less than 25%

 

Existing

Revised

Existing

Revised

Upto Rs. 25 lacs

10.50%(0.25% above Base rate)

10.25%(0.25% above Base rate)

10.75%(0.50% above Base rate)

10.50%(0.50% above Base rate)

Above Rs. 25 lacs

10.65%(0.40% above Base rate)

10.40%(0.40% above Base rate)

10.75%(0.50% above Base rate)

10.50%(0.50% above Base rate)

 

 

d) For Housing Loans sanctioned from 10.10.2013*

*In view of the Spl campaign from 23.10.2013 to 31.01.2014

 

Floating Rate of Interest linked to Base Rate

Limit

Existing

Revised

Upto Rs.75 lacs

10.25%p.a

(At  Base Rate)

10.00%p.a.

(at  Base Rate)

Above Rs.75 lacs

10.35%

(10 bps above Base Rate)

10.10%

(10bps above Base Rate)

 

 

 

 

 

e) For Housing Loan sanctioned from 01.02.2014 to 31.03.2014.

 

Floating Rate of Interest linked to Base Rate

Limit

Existing

Revised

Upto Rs.75 lacs

10.25%p.a

(At  Base Rate)

10.00%p.a.

(at  Base Rate)

Above Rs.75 lacs

10.40%

(15 bps above Base Rate)

10.15%

(15bps above Base Rate)

 

 

 

 

 

f)For Housing Loan sanctioned from 01.04.2014 to 04.05.2014

 

Floating Rate of Interest linked to Base Rate

Limit

Existing

Revised

Upto Rs.75 lacs

10.35%p.a

(10bps above Base Rate)

10.10%p.a.

(10 bps above  Base Rate)

Above Rs.75 lacs

10.45%

(20 bps above Base Rate)

10.20%

(20bps above Base Rate)

 

 

g) For Housing Loan sanctioned from 05.05.2014

 

Floating Rate of Interest linked to Base Rate

Limit

Existing

Revised

Upto Rs.75 lakhs

10.30%p.a

(05 bps above Base Rate)

10.05%p.a.

(05 bps above the Base Rate)

Above Rs.75 lakhs

10.40%

(15 bps above Base Rate)

10.15%

(15bps above Base Rate)

 

 

 

 

 

h)For Housing Loan from 01.10.2014 to 31.12.2014

 

Floating Rate of Interest linked to Base Rate

Limit

Existing

Revised

Across all limits

10.25%p.a

(At Base Rate)

10.00%p.a.

(At Base Rate)

 

 

i) For Housing Loan sanctioned from 01.01.2015 to 30.04.2015

 

Floating Rate of Interest linked to Base Rate

Limit

Existing

Revised

Upto Rs.75 lakhs

10.30%p.a

(05 bps above Base Rate)

10.05%p.a.

(05 bps above the Base Rate)

Above Rs.75 lakhs

10.40%

(15 bps above Base Rate)

10.15%

(15bps above Base Rate)

 

 

 

j) For Housing Loans sanctioned from 01.05.2015

Upto and including  Rs.75 lacs

Above Rs.75 lacs

10.10%

(10 bps above Base Rate)

10.20%

(20 bps above Base Rate)

 

 

 

 

Spread over Base Rate

Existing Rate of Interest

Revised Rate of Interest

 

2.

VARSHA VAHINI

UPTO 5 YEARS

 

1.50

11.75

11.50

 

3.

HBL-CRE HOUSING LOANS

Upto ` 25 Lacs

 

 

 

 

Upto and inclusive of 20 Years

1.75

12.00

11.75

 

Above 20 years upto 25 years

2.00

12.25

12.00

 

Above ` 25 lacs upto ` 30 Lacs

 

 

 

 

Upto and inclusive of 20 Years

1.75

12.00

11.75

 

Above 20 years upto 25 years

2.00

12.25

12.00

 

Above ` 30 Lacs upto ` 75 Lacs

 

 

 

 

Upto and inclusive of 20 Years

2.00

12.25

12.00

 

Above 20 years upto 25 years

2.25

12.50

12.25

 

Above ` 75 Lacs

 

 

 

 

Upto and inclusive of 20 Years

2.50

12.75

12.50

 

Above 20 years upto 25 years

2.75

13.00

12.75

4.

HOUSING LOAN - AGRICULTURISTS

Upto ` 25 Lacs

 

 

 

 

Upto and inclusive of 20 Years

1.25

11.50

11.25

 

Above 20 years upto 25 years

1.50

11.75

11.50

 

Above ` 25 lacs upto ` 30 Lacs

 

 

 

 

Upto and inclusive of 20 Years

1.25

11.50

11.25

 

Above 20 years upto 25 years

1.50

11.75

11.50

 

Above ` 30 Lacs upto ` 75 Lacs

 

 

 

 

Upto and inclusive of 20 Years

1.50

11.75

11.50

 

Above 20 years upto 25 years

1.75

12.00

11.75

 

Above ` 75 Lacs

 

 

 

 

Upto and inclusive of 20 Years

2.00

12.25

12.00

 

Above 20 years upto 25 years

2.25

12.50

12.25

 

 

Spread over Base Rate

Existing Rate of Interest

Revised Rate of Interest

5.

HBL- INT SUBSIDY SCHEME-ISHUP

5-15 Years

1.75

12.00

11.75

 

15-20 Years

2.00

12.25

12.00

6.

CAR LOANS (NEW CARS)  Sanctioned prior to 03.10.2012

Upto and inclusive

of 7 years

2.50

12.75

12.50

7.

NEW CAR LOANS SANCTIONED  FROM  04.10.2012 TO

30.04.2015

Upto and inclusive of 7 years

0.50

11.00

10.75

8

New Car Loans sanctioned from 01.05.2015

Upto and inclusive

of 7 years

0.50

---

10.50

9

SBM ADVANTAGE CAR LOAN

Upto and inclusive

of 7 years

2.50

12.75

12.50

10

CAR FLEX

Upto and inclusive

of 7 years

3.00

13.25

13.00

11

USED CARS

Upto 3 years

6.50

16.75

16.50

 

3yrs Upto 5 years

7.25

17.50

17.25

 

12

TWO WHEELER LOANS

Up to 5 Years

 

6.50

16.75

16.50

 

 

13

EDUCATION LOANS:

(*0.50% CONCESSION FOR GIRL STUDENTS FOR LOANS SANCTIONED W.E.F.01.04.2009)

Floating

 

 

 

 

 

Upto `4.00 Lacs

2.75

13.25

12.75

 

 

`.4.00 to `.7.50 Lacs

2.75

13.00

12.75

 

 

Above `.7.50 Lacs upto Rs.10 lacs for studies in India,  & upto 20 lacs studies abroad.

 

 

 

 

1.75

12.00

11.75

 

 

Fixed

 

No fixed rates

 

 

 

 

 

Spread over Base Rate

Existing Rate of Interest

Revised Rate of Interest

 

 

a

IBA MODEL LOAN SCHEME FOR VOCATIONAL EDUCATION & TRAINING

 

2.75

 

13.25

 

12.75

 

 

b.

Education Loan Studies In India wef 03.07.2014

Above Rs.10 lacs  not exceeding Rs.30 lacs

2.25

12.50

12.25

 

 

c.

Education Loan Studies Abroad wef 03.07.2014

Above Rs.20 lacs not exceeding Rs.40 lacs

2.25

12.50

12.25

 

 

14

MYBANK SCHOLAR

TERM LOAN

1.75

12.00

11.75

 

 

15

UDYOGI GNANAMITRA

TERM LOAN

 

4.00

14.25

14.00

 

 

16

ALL PURPOSE MORTGAGE LOAN

Overdraft

5.75

16.00

15.75

 

 

Term Loan

 

5.25

15.50

15.25

 

 

17

MYBANK HOME CASH

TERM LOAN

5.25

15.50

15.25

 

 

OVERDRAFT

 

5.75

16.00

15.75

 

 

18

PERSONAL LOAN

Upto 3 YEARS

7.25

17.50

17.25

 

 

19

a

Xpress Credit

With check off

 

4.75

15.00

14.75

 

 

 

 

With partial check off

 

5.25

15.50

15.25

 

 

 

 

No Check off

 

6.75

17.00

16.75

 

 

b

XPRESS CREDIT  (During Campaign period from 23.10.2013 to 22.05.2014)

WITH CHECK OFF

For the customers who are having salary account with us with Corporate Salary Package Scheme.

2.35

12.60

12.35

 

 

WITH CHECK OFF

For the customers who are having Salary account with us without Corporate Salary Package

2.35

12.60

12.35

 

 

WITHOUT CHECKOFF

(For the customers who are having Salary Account with us without Corporate Salary Package Scheme)

 

 

2.85

13.10

12.85

 

 

 

Without Check off

(For others  - without Salary Account with us/Corporate salary Package)

 

 

 

 

 

6.75

17.00

16.75

 

 

 

 

Spread over Base Rate

Existing Rate of Interest

Revised Rate of Interest

 

 

c

XPRESS CREDIT  From 23.05.2014 onwards

WITH CHECK OFF

For the customers who are having salary account with us with Corporate Salary Package Scheme.

 

 

 

 

 

 

 

3.75

14.00

13.75

 

 

 

WITH CHECK OFF

For the customers who are having Salary account with us without Corporate Salary Package

 

 

 

 

 

 

 

3.75

14.00

13.75

 

 

 

WITHOUT CHECKOFF

(For the customers who are having Salary Account with us without Corporate Salary Package Scheme)

 

 

 

 

 

 

 

 

 

 

 

4.25

14.50

14.25

 

 

 

Without Check off

(For others  - without Salary Account with us/Corporate salary Package)

 

 

 

 

 

 

6.75

17.00

16.75

 

 

 

 

 

Spread over Base Rate

Existing Rate of Interest

Revised Rate of Interest

 

 

20

MYBANK ARAKSHAK

DEMAND LOAN

 

6.00

16.25

16.00

 

 

21

MYBANK ADHAYAPAK

DEMAND LOAN

 

6.00

16.25

16.00

 

 

22

MYBANK UTSAV

DEMAN LOAN

6.50

16.75

16.50

 

 

23

BDA SITE PURCHASE-PAYMENT OF INITIAL DEPOSIT

DEMAND LOAN

 

5.25

15.50

15.25

 

 

24

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

15.25

 

 

WITHOUT CHECK OFF FACILITY

5.75

16.00

15.75

 

 

25

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

15.50

 

 

WITHOUT CHECK –OFF FACILITY

5.75

16.00

15.75

 

 

26

GOLD LOAN (for loans sanctioned from 01.01.11 to 02.10.2012)

Upto `.1.00 lac

4.00

14.25

14.00

 

 

Above `.1.00 lac

4.50

14.75

14.50

 

 

26.a

GOLD LOAN (for loans sanctioned from 03.10.2012 to 03.03.2013)

 

 

 

 

2.75

13.00

12.75

 

 

26.b

GOLD LOAN (for loans sanctioned from 04.03.2013 onwards)

 

 

 

 

2.35

12.60

12.35

 

 

26.c

GOLD LOAN ( for loans sanctioned from 27.10.2014 onwards  with 25%margin)

 

 

 

 

 

1.85

12.10

11.85

 

 

27

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

14.25

 

 

OVERDRAFT

 

4.25

14.50

14.25

 

 

 

 

Spread over Base Rate

Existing Rate of Interest

Revised Rate of Interest

 

 

28

HELPAGE

DEMAND LOAN

4.50

14.75

14.50

 

 

29

LOANS AGAINST SHARES

DEMAND LOAN

 

 

 

 

7.50

17.75

 

 

 

17.50

 

 

30

ADVANCES AGAINST

SECURITIES OF UNITS OF UTI

DEMAND LOAN

7.50

17.75

17.50

 

 

31

CONSUMER DURABLES

Upto 3 Years

 

7.25

17.50

17.25

 

 

32

CLEAN  OVERDRAFTS

 

 

7.25

17.50

17.25

 

 

33

REVERSE MORTGAGE LOAN

OVER DRAFT (Fixed Rate)

Public

Fixed

11.25

11.25

 

 

Staff

 

 

 

Fixed

10.75

10.75

 

1.b SME Four Wheeler  Loan (Used Vehicles)

***************************************************

 TOP

Interest Rates on Advances made to MICRO & SMALL ENTERPRISES

MSME SEGMENT ADVANCES :

MSE schematic products  w.e.f. 01st May, 2015  (Base rate 10.00%)

INTEREST RATES FOR MICRO & SMALL ENTERPRISES ADVANCES TO INDUSTRY AND SERVICE SECTOR

 

All Interest rates, Base Rates expressed in % p.a.

 

1.a SME Four wheeler  (New Vehicle)

 

Existing

(BR 10.25)

Revised

(BR 10.00)

Remarks

BR+0.60=10.85

BR+0.60=10.60

(Available only to existing borrowers with extension in charge on security with the Bank)

 

1.b SME Four Wheeler  Loan (Used Vehicles)

 

Period

Existing interest

Revised interest rate

(Base rate 10.00)

Up to 3 years

BR+7.00=17.25

BR+7.00=17.00

Above 3 years and up to 5 years

BR+7.50=17.75

BR+7.50=17.50

2. Rice Mill Plus, Dall Mill Plus/Oil Mills/ Cotton & Ginning Mills etc

(Food Processing Industries listed as per circular No. SME 37/2011-12 dated 12.03.2012)

 

  1. 2. a.  Limits below Rs.25 lacs with simple  scoring model  and  with CGTMSE Cover      (WC & TL upto 3 years)

Score

Existing

(BR 10.25)

Revised  (BR 10.00)

With CGTMSE or With Collateral security for the limit above Rs.10 lacs.

55 and above

BR+0.10=10.35

BR+0.10 =10.10

40-54

BR+0.85=11.10

BR+0.85 =10.85

  1. 2. b. Limits of Rs.25 lacs & above and up to Rs.50 lacs  ( WC & TL upto 3 years)

Existing (BR 10.25)

Revised  (BR 10.00) wef 01.05.2015

with CGTMSE

with CGTMSE

CRA SB 1-5

CRA SB 6-10

CRA SB 1-5

CRA SB 6-10

BR+0.10  =10.35

BR+0.85 =11.10

BR+0.10  =10.10

BR+0.85 =10.85

  1. 2. C . Limits of above Rs.50 lacs and up to Rs.100 lacs  (WC & TL upto 3 years)

Base Rate 10.00

Limits with rating of

With CGTMSE

Without CGTMSE

Interest rate based on

collateral coverage

=>75%

=>50% but< 75%

SB 1 to 5

BR + 0.10 = 10.10

BR+0.10= 10.10

BR+0.35=10.35

SB 6 to 10

BR + 0.85 = 10.85

BR+0.85=10.85

BR+1.10=11.10

  1. 2. d. Limits Above Rs.100 lacs (for working capital & Loans up to 3 years with CRA)

Existing (BR 10.25)

Revised  (BR 10.00)

Limits with rating of

Interest rates for limits with  collateral coverage of

CRA    Rating

Interest rate based on

collateral coverage

=>75%

=>50% but < 75%

=>75%

=>50% but< 75%

SB 1 to 5

BR+0.10= 10.35

BR+0.35=10.60

SB 1  to 5

BR+0.10= 10.10

BR+0.35=10.35

SB 6 to 10

BR+0.85=11.10

BR+1.10=11.35

SB 6 to 10

BR+0.85=10.85

BR+1.10=11.10

 

 

2. e. ADDITIONAL TENOR PREMIUM as under for Loans ABOVE 3 years:

 

Tenor

Premium

 

> 3 years and upto 5 years

25 bps

 

> 5 years but upto 7 years

50 bps

3. SBM DOCTOR PLUS

 

  1. 3. a. Limits below Rs.25.00 lacs with scoring model (without CRA) ( WC & TL upto 3 years)

Score

Existing

Revised  (BR 10.00)

With CGTMSE

With CGTMSE

 

55 and above

BR+1.35=11.60

BR+1.35=11.35

 

40-54

BR+1.85=12.10

BR+1.85=11.85

 

 

 

 

 

  1. 3. b.  Limits Rs.25.00 lacs and above and up to Rs.5 crores with CRA ( WC & TL upto 3 years)

Existing (BR 10.25%)

Revised (BR 10.00%)

CRA

With CGTMSE    (where ever applicable)

With Collat. Security

CRA

With CGTMSE    (where ever applicable)

With Collat. Security

=>50%

<50%

=>50%

<50%

SB 1 TO 5

BR+1.35=11.60

 

BR+1.35 =11.60

BR+1.85 =12.10

SB 1 TO 5

BR+1.35=11.35

BR+1.35 =11.35

BR+1.85 =11.85

SB 6 TO 10

BR+1.85=12.10

BR+1.85 =12.10

BR+2.35 =12.60

SB 6 TO 10

BR+1.85=11.85

BR+1.85 =11.85

BR+2.35 =12.35

  1. 3. c. ADDITIONAL TENOR PREMIUM as under for Loans ABOVE 3 years:

Tenor

Premium

> 3 years and upto 5 years

25 bps

> 5 years but upto 7 years

50 bps

 

  1. 4. SME Smart Score :  (Max finance : Rs.100 lacs) (Minimum Score 60)

 

4.a   Limits below Rs.25 lacs with simple scoring model  (WC & TL upto 3 years)

Existing: (BR 10.25)

Revised (BR 10.00)

With CGTMSE

With CGTMSE or With Collateral security for the limit above Rs.10 lacs

BR+1.25=11.50

BR+1.25=11.25

 

4.b   Limits  Rs.25 lacs and above   upto Rs. 100 lacs with simple scoring model (WC & TL upto 3 years)

CRA

Existing (BR 10.25)

Revised (BR 10.00)

SB 1 to 5

BR+ 1.25 =11.50

BR + 1.25 = 11.25

SB 6 to 10

BR + 1.50 =11.75

BR + 1.50 = 11.50

 

4 c.  ADDITIONAL TENOR PREMIUM as under for Loans ABOVE 3 years

 

Tenor

Premium

 

> 3 years and up to 5 years

25 bps

 

> 5 years but up to 7 years

50 bps

5.  LIBERALISED TRADE FINANCE (Min. > Rs.10 lacs, Max: Rs. 500 lacs)

Facility

Existing (BR 10.15%)

Revised  (BR 10.00)

Cash Credit (SBF)

BR+3.10=13.35

BR+3.10=13.10

Term Loan (SBF)

BR+3.35=13.60

BR+3.35=13.35

 

6. Beverages Corporation Scheme (for financing retailers of KSBC Ltd) (Max finance :  Rs. 25 lacs)

 

6. a ,Loan amount up to Rs.10.00 Lacs :

(Refer MSME circular letter No./24/2014-15 dated 29/01/2015)

 

Existing (BR 10.25)

Revised (BR 10.00)

BR + 1.25 = 11.50

BR + 1.25 = 11.25

 

6. b. Loan amount above Rs.10.00 Lacs to Rs.25.00 Lacs.

 

Value of Security

Existing (BR 10.25%)

Revised  (BR 10.00)

> 100%

BR+2.35 = 12.60

BR+2.35 = 12.35

> 50% and upto 100%

BR+2.85 = 13.10

BR+2.85 = 12.85

7. Contractor Plus Max. finance: Rs. 100 lacs (For Class I Contractors only)

Type of Borrowers

Existing (BR 10.25%)

Revised (BR 10.00%)

With CGTMSE

with collateral

With CGTMSE

with collateral

Class I     Contractors

BR+2.85 =13.10

BR+3.60 =13.85

BR+2.85 =12.85

BR+3.60 =13.60

 

8. Mortgage Plus (Min. finance : Rs.50 lacs and Max : Rs. 750 lacs)

(sanctioning of limits to be based on cash flows to ensure prompt repayment)

 

 

Existing (BR 10.25%)

Revised (BR 10.00)

Term Loan  SBF

BR+3.35=13.60

BR+3.35=13.35

Over draft - SBF

BR+3.85=14.10

BR+3.85=13.85

  

OTHER MSE SCHEMES/PRODUCTS

9. MSE Welcome:

Existing

Revised

11.50% (Fixed) during the I year

No change

12.25% (fixed) during the II year

Applicable floating rate from third year onwards

 

10.  Weavers credit card :

 

Weavers credit card

Existing rate of interest

(Base Rate 10.25)

Revised rate of interest

Base Rate 10.00

BR + 0=10.25

Br + 0=10.00

 

11. MYBANK-Homestay:

Type of loan

Existing rate of interest

(Base Rate 10.25)

Revised rate of interest

Base Rate 10.00

Composite Term Loan

BR + 1.00 = 11.25

BR + 1.00= 11.00

 

12.  MYBANK SHOPPE :

12. a. MYBANK SHOPPE (As applicable to MSME advances) (short term loan upto 3 years)

Type of Loan

Existing rate of interest

(Base Rate 10.25)

Revised rate of interest

Base Rate 10.00

Term Loan

With CGTMSE

Without CGTMSE

With CGTMSE

Without CGTMSE

Up to Rs.10 lacs

BR+1.25=11.50

BR+1.25=11.50

BR+1.25=11.25

BR+1.25=11.25

Above Rs.10 lacs and upto Rs.20 lacs

BR+1.75=12.00

BR+2.25=12.50

BR+1.75=11.75

BR+2.25=12.25

 

12.b. ADDITIONAL TENOR PREMIUM as under for loans above 3 Years

 

Tenor

Premium

>3years and upto 5 years

25bps

>5years and upto 7 years

50bps

13. SBM PHARMA

 

13.a   Limits below Rs.25 lacs   (Working Capital limit)

Existing: (BR 10.25)

Revised (BR 10.00)

BR+1.75= 12.00

BR+1.75 = 11.75

 

13.b   Limits  Rs.25 lacs and above   upto Rs. 100 lacs  (Working Capital limit)

CRA

Existing (BR 10.25)

Revised (BR 10.00)

SB 1 to 5

BR+ 1.75 =12.00

BR + 1.75 = 11.75

SB 6 to 10

BR +2.25 =12.50

BR + 2.25 = 12.25

 

14.FINANCING AGAINST WARE HOUSE RECEIPTS

 

14.a   Limits above Rs.50 lacs and upto Rs.500 lacs   (Working Capital limit)

Existing: (BR 10.25)

Revised (BR 10.00)

BR+1.00= 11.25

BR+1.00 = 11.00

 

Interest Rates on MSE advances   (OTHER THAN SCHEMATIC PRODUCTS) (BR 10.00%)

Interest rates expressed in % p.a.

 1. For credit limits below Rs.25.00 lacs.

 1.a. Working capital and Loans with tenor up to 3 years:

 

Existing rate wef. 16.11.2013

(Base Rate 10.25)

Revised rate w.e.f. 01.05.2015

(BASE rate 10.00)

Size of  credit

With CGTMSE

Without CGTMSE

With CGTMSE

Without CGTMSE

Limit

Upto Rs.10 Lacs

BR+1.25=11.50

BR+1.25=11.50

BR+1.25=11.25

BR+1.25=11.25

Above Rs.10 lacs but

below Rs.25 lacs

BR+1.75=12.00

BR+2.25=12.50

BR+1.75=11.75

BR+2.25=12.25

  1. 1. b. Term loans with tenor beyond 3 years: Additional tenor premium  will be charged as under:

 

Repayment period

Premium

Above 3 years but below 5 years

25 bps

5 years and above but less than 7 years

50 bps

 

1.c. Concession in interest rate @ 0.50% on the revised rates shall be extended to credit limits above Rs.10 lacs secured by Non – Agricultural collateral security with realizable value =>75% of credit limit.

 

2.  For credit limits of Rs.25.00 lacs and above with CRA  Rating

 

2.a. Working capital and Term loans with tenor up to 3 years

 

Existing w.e.f. 04.03.2013  (Base Rate 10.25)

Revised w.e.f. 01.05.2015 (Base Rate 10.00)

CRA Rating

With CGTMSE

Without CGTMSE

With CGTMSE

Without CGTMSE

SB 1, 2 & 3

BR+1.75=12.00

BR+2.00=12.25

BR+1.75=11.75

BR+2.00=12.00

SB 4,5 & 6

BR+2.25= 12.50

BR+2.50=12.75

BR+2.25= 12.25

BR+2.50=12.50

SB 7,8 & 9

BR+2.75= 13.00

BR+3.25=13.50

BR+2.75= 12.75

BR+3.25=13.25

SB 10

BR+3.50=13.75

BR+4.25=14.50

BR+3.50=13.50

BR+4.25=14.25

SB 11 to 16

BR+4.75= 15.00

BR+5.25=15.50

BR+4.75= 14.75

BR+5.25=15.25

2.b. Term loans with tenor beyond 3 years: Additional tenor premium will be charged as under:

 

Repayment period

Revised Tenor Premium

Above 3 years but below 5 years

25 bps

5 years and above but less than 7 years

50 bps

 

2.c Concession in interest rate @ 0.50% on the revised rates shall be extended to   credit limits above Rs.10 lacs secured by Non – Agricultural collateral security with realizable value =>75% of credit limit.

OTHER CONDITIONS:

 

i) Limits  up to Rs.100 lacs are to be MANDATORILY covered under CGTMSE (SME Circular No.5 / 12-13 dated 18.05.2012) and guarantee fee will be borne by the Bank for loan limits up to Rs.50.00 Lacs (MSME Circular No:33/2014-15 dt. 16.10.2014)

 

 

ii) Concessional Rate of 0.50% for credit limits with collateral coverage of 75% or more:

 

The concession, over and above the revised rates, as indicated in para  2.c of Annexure- 2 above will be subject to the undernoted stipulations/conditions

 

a) Available only to units with CRA rating below the hurdle SB-10.  Credit limits with CRA rating of SB11-16 are NOT eligible for the concession.

 

b) The value of tangible collateral security refers to realizable value of such securities (and NOT market value) available by way of non-agricultural immovable property with or without cash and other specific liquid securities. Such realizable value should be 75% or more.

 

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AGRICULTURAL RATE OF INTEREST W.E.F 12-02-2014.

(A) SHORT TERM LOANS UP TO 3 YEARS / CROP LOANS.

AMOUNT

RATE OF INTEREST ( % )

Up to Rs. 5 Lakhs

11 *

Above Rs.5 lakh and  below Rs.25 lakh

12.5

Rs. 25 Lakhs and above

(based on Credit Rating )

12     to    16.50

* In case of Crop Loans and loans to Woman SHG eligible for Interest Subvention, 7 % interest is applicable up to limit of Rs. 3 Lakhs . Further subsidy of 3 % interest is available to those farmers / Women SHG who repay the limits promptly as per terms of loan, making up effective rate to 4 %.

(B)

AGRI TERM LOANS  ( above 3 years )

AMOUNT

RATE OF INTEREST ( % )

Up to Rs.  5  Lakhs

11.25

Above Rs. 5 Lakhs below  Rs.25 Lakhs

12.75

Rs. 25 Lakhs and above.

(Based on Credit Rating)

12.25    to    16.75

(C)

VEHICLE LOAN TO AGRICULTURISTS UNDER “KISAN CHAKRA”

AMOUNT

RATE OF INTEREST (%)

Upto Rs. 10  Lakhs.

10.75%

(D)

ADVANCE TO DEALERS IN FERTILISERS/ PESTICIDES/FEEDS AND OTHER AGRI INPUTS.

AMOUNT

RATE OF INTEREST (%)

Less than Rs. 25  Lakhs

11.75

Rs. 25 Lakhs  and up to  Rs. 5 Crore based on the CRA

11.75    to    15.75

(E)

AGRI GOLD LOAN ( Rate of Interest w .e f 20.01.2014 )

AMOUNT

RATE OF INTEREST

Up to Rs. 5 Lakhs *

10.50

Above Rs.5 Lakhs and up to Rs. 15 Lakhs.

10.60

* In case of loans against Gold Ornaments, for the purpose of cultivation of crops up to Rs. 3 Lakhs, which are eligible for interest subvention, 7 % interest will be charged. Further 3% interest subsidy is available if these loans are repaid promptly as per terms of sanction.

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NRE Term / Reinvestment Deposit account( w e f 13.08.2015)

PERIOD OF DEPOSIT

INTEREST

w.e.f 24.06.2015

1year and above to less than 3 years

8.00

3 years and above up to 10 years

8.00

i)The revised rates are applicable to fresh deposits and on renewal of maturing deposits.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.

ii)  In case of Premature withdrawal:

  1. No interest is payable if the deposit is withdrawn before one year
  2. 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 13.08.2015

 

PERIOD

RATE OF INTEREST ( % p.a. )

USD

GBP

EUR

CAD

AUD

1 Year & above but less than 2 Years

1.59

1.76

1.06

1.85

3.08

2 Years & above but less than 3 Years

1.96

2.16

1.10

1.79

3.10

3 years & above but less than 4 Years

3.31

3.43

2.20

2.93

4.20

4 Years & above but less than 5 Years

3.56

3.62

2.29

3.09

4.45

5 Years Only

3.77

3.74

2.42

3.25

4.59

Interest Rates on RFC deposits with effect from 13.08.2015

TYPE/ PERIOD OF DEPOSIT

RATE OF INTEREST (% p.a.)

USD

GBP

EURO

Current Account

NO INTEREST

Savings Bank Account

0.50

2.00

1.00

Term Deposits

 

1 year   & above but less than 2 years

1.59

1.76

1.06

2 years & above but less than 3 years

1.96

2.16

1.10

3 years & above but less than 4 years

3.31

3.43

2.20

4 years & above but less than 5 years

3.56

3.62

2.29

5 years only

3.77

3.74

2.42


 
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State Bank of Mysore,
H .O.: K.G.Road,
Bangalore - 560254, INDIA.
Phone (EPABX): 91 80 22353901 (30 lines of PRI)
Fax: 91 80 22283684

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