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): 10.25 %( w.e.f 16.11.2013)
SBM Prime Lending Rate- SBMPLR-15.00%( w.e.f 04.03.2013)

RATES OF INTEREST WITH EFFECT FROM 15-04-2014.

FOR DEPOSITS OF LESS THAN Rs 1.00 CRORE

PERIOD

REVISED RATE OF INTEREST

(%)

7 Days to 90 days

8.50

91 days to less than 179 days

8.50

180 days to less than 1 year

8.75

1 year & above upto 10 years

9.00

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 9.00%

  Interest rates for Deposits (Rs 1.00 Cr to Rs 5.00 Cr) (with effect from 15.04.2014)

PERIOD

RATE OF INT (%)

7-45 days 8.50
46-90 days 8.50
91-179 days 8.50
180-269 days 8.75
270-364 days 8.75
1 year 9.10

 

 

Interest Rates  for Deposits above Rs.5.00 crores 

                 RATES VALID FOR (19/04/2014)

PERIOD

RATE OF INT (%)

07 – 14 Days

8.50

15 – 45 Days

8.50

46 – 90 Days

8.50

91 – 179 Days

8.50

180 – 269 Days

8.75

270 – 363 Days

8.75

364 days

8.75

1 Year

9.00

Above 1 Year to 2 Years

9.00

Above 2 Years to 5 Years

9.00


 

 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.

Top

 

     INTEREST RATES ON ADVANCES

The existing and revised rates of interest (with effect from 16.11.2013)

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 16.11.2013

(%)

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

10.90

11.00

Above 20 years upto 25 years

1.00

11.15

11.25

Above ` 25 Lacs upto ` 30 Lacs

 

 

 

Upto and inclusive of 20 Years

0.75

10.90

11.00

Above 20 years upto 25 years

1.00

11.15

11.25

Above ` 30 Lacs upto ` 75 Lacs

 

 

 

Upto and inclusive of 20 Years

1.00

11.15

11.25

Above 20 years upto 25 years

1.25

11.40

11.50

Above ` 75 Lacs

 

 

 

Upto and inclusive of 20 Years

1.50

11.65

11.75

Above 20 years upto 25 years

1.75

11.90

12.00

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

Limit

Margin 25% & above

Margin less than 25%

 

Existing

Revised

Existing

Revised

Upto Rs. 25 lacs

10.40%(0.25% above Base rate)

10.50%(0.25% above Base rate)

10.65%(0.50% above Base rate) 

10.75%(0.50% above Base rate) 

Above Rs. 25 lacs

10.55%(0.40% above Base rate) 

10.65%(0.40% above Base rate) 

10.65%(0.50% above Base rate) 

10.75%(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 the same rate of int will continue till 31.01.2014

Limit

Floating Rate of Int linked to Base Rate

 

Existing

Revised

Upto Rs. 75 lakhs

10.25% p.a.

(10 bps above Base Rate)

10.25% p.a.

(At the  Base Rate)

Above Rs. 75 lakhs

10.35% p.a.

(20 bps above Base Rate)

10.35% p.a.

(10 bps above Base Rate)

 

2

CAR LOANS (NEW CARS)

Upto and inclusive

of 7 years

2.50

12.65

12.75

3

SBM ADVANTAGE CAR LOAN

Upto and inclusive

of 7 years

2.50

12.65

12.75

4

CAR FLEX

Upto and inclusive

of 7 years

3.00

13.15

13.25

5

USED CARS

Upto 3 years

6.50

16.65

16.75

 

3yrs Upto 5 years

7.25

17.40

17.50

5 a.

 

FOR NEW CAR LOANS SANCTIONED FROM 03.10.2012

Upto and inclusive

of 7 years

0.75

10.90

11.00

5 b.

FOR NEW CAR LOANS SANCTIONED FROM 10.07..2013**

**In view of the spl campaign from 23.10.2013 to 31.01.2014 the same rate of int will continue till 31.01.2014

 

Upto and inclusive

of 7 years

 

Existing

Revised

 

 

10.75% p.a.

(60 bps above Base Rate)

 

 

10.75% p.a.

(50 bps above Base Rate)

 

 

6

TWO WHEELER LOANS

Up to 5 Years

6.50

16.65

16.75

 

 

7

EDUCATION LOANS:

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

Floating

 

 

 

 

 

Upto `4.00 Lacs

3.25

13.40

13.50

 

 

`.4.00 to `.7.50 Lacs

3.00

13.15

13.25

 

 

Above `.7.50 Lacs

1.75

11.90

12.00

 

 

Fixed

No fixed rates

 

 

7.a

IBA MODEL LOAN SCHEME FOR VOCATIONAL EDUCATION & TRAINING

 

3.25

 

13.40

 

13.50

 

 

8

MYBANK SCHOLAR

TERM LOAN

1.75

11.90

12.00

 

 

9

UDYOGI GNANAMITRA

TERM LOAN

4.00

14.15

14.25

 

 

10

ALL PURPOSE MORTGAGE LOAN

Overdraft

5.75

15.90

16.00

 

 

Term Loan

5.25

15.40

15.50

 

 

11

MYBANK HOME CASH

TERM LOAN

5.25

15.40

15.50

 

 

OVERDRAFT

5.75

15.90

16.00

 

 

12

PERSONAL LOAN

Upto 3 YEARS

7.25

17.40

17.50

 

 

13

XPRESS CREDIT (MODIFIED)

WITH CHECK OFF

4.75

14.90

15.00

 

 

WITH PARTIAL CHECK OFF

5.25

15.40

15.50

 

 

NO CHECK OFF

6.75

16.90

17.00

 

 

13 a.

XPRESS CREDIT (during campaign period from 23.10.2013 to 31.01.2014)

Particulars

Type of facility

Existing

Revised

For the Customers who are having salary account with us  with Corporate Salary Package scheme

WITH CHECK OFF

12.50

(2.35%above Base Rate)

12.60

(2.35%above Base Rate)

For the Customers who are having Salary Account with us without Corporate Salary Package Scheme

 

WITH CHECK OFF

12.50

(2.35%above Base Rate)

12.60

(2.35%above Base Rate)

For the Customers who are having Salary Account with us without Corporate Salary Package Scheme

WITHOUT CHECK OFF

13.00

(2.85%above Base Rate

13.10

(2.85%above Base Rate

For Others(Without Salary Account with us/Corporate Salary Package)

WITHOUT CHECK OFF

16.90

(6.75%above Base Rate

17.00

(6.75%above Base Rate

 

 

 

14

MYBANK ARAKSHAK

DEMAND LOAN

6.00

16.15

16.25

 

 

15

MYBANK ADHAYAPAK

DEMAND LOAN

6.00

16.15

16.25

 

 

16

MYBANK UTSAV

DEMAN LOAN

6.50

16.65

16.75

 

 

17

BDA SITE PURCHASE-PAYMENT OF INITIAL DEPOSIT

DEMAND LOAN

 

5.25

15.40

15.50

 

 

18

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

15.40

15.50

 

 

WITHOUT CHECK OFF FACILITY

5.75

15.90

16.00

 

 

19

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

15.65

15.75

 

 

WITHOUT CHECK –OFF FACILITY

5.75

15.90

16.00

 

 

20

GOLD LOAN (for loans sanctioned after 01.01.11–Demand Loan only)

Upto `.1.00 lac

4.00

14.15

14.25

 

 

Above `.1.00 lac

4.50

14.65

14.75

 

 

20.a

GOLD LOAN (for loans sanctioned from 03.10.2012)

 

 

2.75

12.90

13.00

 

 

20.b

GOLD LOAN (for loans sanctioned from 04.03.2013)

 

 

2.35

12.50

12.60

 

 

21

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

14.40

14.50

 

 

OVERDRAFT

 

4.25

14.40

14.50

 

 

22

HELPAGE

DEMAND LOAN

4.50

14.65

14.75

 

 

23

LOANS AGAINST SHARES

DEMAND LOAN

7.50

17.65

17.75

 

 

24

ADVANCES AGAINST

SECURITIES OF UNITS OF UTI

DEMAND LOAN

7.50

17.65

17.75

 

 

25

CONSUMER DURABLES

Upto 3 Years

7.25

17.40

17.50

 

 

26

VARSHA VAHINI

UPTO 5 YEARS

1.50

11.65

11.75

 

 

27

HBL-CRE HOUSING LOANS

 

 

 

 

 

 

 

Upto ` 25 Lacs

 

 

 

 

 

Upto and inclusive of 20 Years

1.75

11.90

12.00

 

 

Above 20 years upto 25 years

2.00

12.15

12.25

 

 

Above ` 25 lacs upto ` 30 Lacs

 

 

 

 

 

Upto and inclusive of 20 Years

1.75

11.90

12.00

 

 

Above 20 years upto 25 years

2.00

12.15

12.25

 

 

Above ` 30 Lacs upto ` 75 Lacs

 

 

 

 

 

Upto and inclusive of 20 Years

2.00

12.15

12.25

 

 

Above 20 years upto 25 years

2.25

12.40

12.50

 

 

Above ` 75 Lacs

 

 

 

 

 

Upto and inclusive of 20 Years

2.50

12.65

12.75

 

 

Above 20 years upto 25 years

2.75

12.90

13.00

 

 

28

HOUSING LOAN - AGRICULTURISTS

Upto ` 25 Lacs

 

 

 

 

 

Upto and inclusive of 20 Years

1.25

11.40

11.50

 

 

Above 20 years upto 25 years

1.50

11.65

11.75

 

 

Above ` 25 lacs upto ` 30 Lacs

 

 

 

 

 

Upto and inclusive of 20 Years

1.25

11.40

11.50

 

 

Above 20 years upto 25 years

1.50

11.65

11.75

 

 

Above ` 30 Lacs upto ` 75 Lacs

 

 

 

 

 

Upto and inclusive of 20 Years

1.50

11.65

11.75

 

 

Above 20 years upto 25 years

1.75

11.90

12.00

 

 

 

Above ` 75 Lacs

 

 

 

 

 

 

Upto and inclusive of 20 Years

2.00

12.15

12.25

 

 

 

Above 20 years upto 25 years

2.25

12.40

12.50

 

 

29

HBL- INT SUBSIDY SCHEME-ISHUP

5-15 Years

1.75

11.90

12.00

 

 

15-20 Years

2.00

12.15

12.25

 

 

30

CLEAN  OVERDRAFTS

 

7.25

17.40

17.50

 

 

31

REVERSE MORTGAGE LOAN

OVER DRAFT (Fixed Rate)

Public

 

11.25

11.25

 

 

Staff

 

10.75

10.75

 

 

 TOP

Interest Rates on Advances made to MICRO & SMALL ENTERPRISES

MSME SEGMENT ADVANCES :MSE schematic products w.e.f 16th November 2013 (Base rate 10.25%)

1.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 10.15)

Revised

(BR 10.25)

Remarks

BR+0.60=10.75

BR+0.60=10.85

(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 10.25)

Upto 3 years

BR+7.00=17.15

BR+7.00=17.25

Above 3 years and upto 5 years

BR+7.50=17.65

BR+7.50=17.75

 

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.a. Limits below Rs.25 lacs with simple scoring model and CGTMSE Cover

 

Score

Existing

Revised  (BR 10.25)

With CGTMSE

55 and above

 

BR+0.10=10.25

BR+0.10 =10.35

40-54

BR+0.85=11.00

BR+0.85 =11.10

 

 b. Limits of Rs.25 lacs & above and upto Rs.100 lacs

EXISTING (BR 10.15)

Revised  (BR 10.25) wef 16.11.2013

with CGTMSE

with CGTMSE

SB 1-5

SB 6-10

SB 1-5

SB 6-10

BR+0.10  =10.25

BR+0.85 =11.00

BR+0.10  =10.35

BR+0.85 =11.10


All existing loans with collateral security under this slab should be covered under CGTMSE at the time of next renewal. Interest for existing  loans will attract 0.50% over and above rates applicable to loans with CGTMSE coverage till the date of renewal in case of working capital limits and till closure of the loan in case of term loans (over and above tenor premium in case of term loans)

 

1.c. Limits Above Rs.100 lacs (for working capital & Loans upto 3 years with CRA)

Existing (BR 10.15)

Revised (BR 10.25)

CRA  Rating

Interest rate based on

collateral coverage

CRA  Rating

Interest rate based on

collateral coverage

 

=>75%

 

=>50% but<75%

 

=>75%

 

=>50% but< 75%

SB 1  to 5

BR+0.10= 10.25

BR+0.35=10.50

SB 1  to 5

BR+0.10= 10.35

BR+0.35=10.60

SB 6 to 10

BR+0.85=11.00

BR+1.10=11.25

SB 6 to 10

BR+0.85=11.10

BR+1.10=11.35


d. ADDITIONAL TENOR PREMIUM  for Loans ABOVE 3 yearsis as per column 17 (a)


3. SBM DOCTOR PLUS

a.  Below Rs.25.00 lacs with scoring model (without CRA)

Score

Existing (BR 10.15)

Revised  (BR 10.25)

With CGTMSE

55 and above

BR+1.35=11.50

BR+1.35=11.60

40-54

BR+1.85=12.00

BR+1.85=12.10

 

b.  Rs.25.00 lacs and above and upto Rs.5 crores with CRA

Existing (BR 10.15)

Revised (BR 10.25)

CRA

With CGTMSE Upto Rs.1.00 cr

With Collat. Security

CRA

With CGTMSE Upto Rs.1.00 cr

With Collat. Security

=>50%

<50%

=>50%

<50%

SB 1 TO 5

BR+1.35=11.50

BR+1.35 =11.50

BR+1.85 =12.00

SB 1 to 5

BR+1.35=11.60

BR+1.35 =11.60

BR+1.85 =12.10

SB 6 TO 10

BR+1.85=12.00

BR+1.85 =12.00

BR+2.35 =12.50

SB 6 to 10

BR+1.85=12.10

BR+1.85 =12.10

BR+2.35 =12.60

 

c. ADDITIONAL TENOR PREMIUM for Loans ABOVE 3 yearsis as per column 17 (a)

 

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

Existing (10.15)

Revised (BR 10.25)

Limit

Scoring/Rating

With CGTMSE

 

With CGTMSE

 

Rs.5 lacs &  upto

Rs. 10 lacs

55 and above

BR+1.25=11.40

 

BR+1.25=11.50

 

> Rs.10.00 lacs but  <Rs.25.00 lacs

40 to 54

BR+1.50=11.65

 

BR+1.50=11.75

 

Rs. 25 lacs and

upto Rs.100lacs*

SB 1 to 5

BR+1.25=11.40

 

BR+1.25=11.50

 

SB 6- 10

BR+1.50=11.65

 

BR+1.50=11.75

 

 

4 a. ADDITIONAL TENOR PREMIUM  for Loans ABOVE 3 years is as per column 17 (a)

 

 

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

Facility

Existing

Revised  (BR 10.25)

Cash Credit (SBF)

BR+3.10=13.25

BR+3.10=13.35

Term Loan (SBF)

BR+3.35=13.50

BR+3.35=13.60

6. Beverages Corporation Scheme (for financing retailers of KSBC Ltd)

(Max finance :  Rs. 25 lacs)

Value of Security

Existing (BR 10.15)

Revised  (BR 10.25)

> 100%

BR+2.35 = 12.50

BR+2.35 = 12.60

> 50% and upto 100%

BR+2.85 = 13.00

BR+2.85 = 13.10

> 25% but < 50%

No finance

No finance

 

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

 

 

Existing(BR 10.15%)

Revised (BR 10.25%)

 

With CGTMSE

with collateral

With CGTMSE

with collateral

For Class I Contractors only

BR+2.85 =13.00

BR+3.60 =13.75

BR+2.85 =13.10

BR+3.60 ==13.85


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

Revised

(BR 10.25)

Term Loan  SBF

BR+3.35=13.50

BR+3.35=13.60

Over draft - SBF

BR+3.85=14.00

BR+3.85=14.10

 

Other MSE schemes/products

9. MSE Welcome

Existing

Revised

11.50% (Fixed) during the I year

11.50% (fixed) during the I year

12.25% (fixed) during the II year

12.25% (fixed) during the II year

Applicable floating rate from third year onwards

Applicable floating rate from third year onwards


10.   Force Motors Ltd

Term Loans

 

Existing interest rate

Revised interest rate

(Base rate 10.25)

Loans upto Rs.2.00 lacs

BR+4.25=14.40

BR+4.25=14.50

Above Rs.2.00 lacs to Rs.10.00 lacs

BR+5.00=15.15

BR+5.00=15.25

Above Rs.10.00 lacs

BR+5.25=15.40

BR+5.25=15.50

First Time Users

 

 

Up to Rs.5.00 lakh

BR+5.75=15.90

BR+5.75=16.00

Above Rs. 5.00 lakh to Rs. 10.00 lakh

BR+6.25=16.40

BR+6.25=16.50


11.  Man ForceTrucks(P) Ltd.

For existing customers

Existing interest rate

(Base rate 10.15)

Revised interest rate

(Base rate 10.25)

Upto Rs. 10.00 lacs

BR+4.50=14.65

BR+4.50=14.75

Above Rs.10.00 lacs

BR+5.50=15.65

BR+5.50=15.75

First time Users

 

 

Upto Rs. 10.00 lacs

BR+5.00=15.15

BR+5.00=15.25

Above Rs.10.00 lacs

BR+6.00=16.15

BR+6.00=16.25


12.  MYBANK-SURYAKIRAN

Period

Existing  Rate

Revised Rate

Upto 5 years

5.00 (Fixed)

5.00 (Fixed)

13.  Weavers credit card

 

Weavers credit card

Existing rate of interest

(Base Rate 10.15)

Revised rate of interest

Base Rate 10.25

BR+0=10.15

Br+0=10.25


14. MYBANK-solar water heating system

 

 

Existing interest rate

Revised interest rate)

(Base rate 10.25)

Pattern I

Subsidy 30% of the Bench mark & Bank loan 50%

BR + 0 = 10.15

BR+0=10.25

Pattern II

Subsidy Nil

bank Loan 80%

5%

5%


15.  MYBANK-Homestay

Type of loan

Existing interest rate

(Base rate 10.15)

Revised interest rate

Base Rate 10.25

Composite Term Loan

BR+1.00 = 11.15

BR+1.00= 11.25


16.a. MYBANK SHOPPE (As applicable to MSME advances)

Type of Loan

Existing interest rate (10.15)

Revised interest rate (BR 10.25%)

Term Loan

With CGTMSE

Without CGTMSE

With CGTMSE

Without CGTMSE

Up to Rs.10 lacs

BR+1.25=11.40

BR+1.25=11.40

BR+1.25=11.50

BR+1.25=11.50

Above Rs.10 lacs and upto Rs.20 lacs

BR+1.75=11.90

BR+2.25=12.40

BR+1.75=12.00

BR+2.25=12.50

 

17.a. ADDITIONAL TENOR PREMIUM as under for loans above 3 Years

 

Tenor

Existing

Revised (No change)

>3years and upto 5 years

25bps

25bps

>5years and upto 7 years

50bps

50bps

 

Interest Rates on MSE advances (BR 10.25%)

Interest rates expressed in % p.a.

 For credit limits below Rs.25.00 lacs.

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

Existing rate wef 04.03.2013

(BASE rate 10.15)

Revised rate wef 16.11.2013

(BASE rate 10.25)

Size of  credit

With

CGTMSE

Without

CGTMSE

 

With CGTMSE

 

Without CGTMSE

Limit

Upto Rs.10 Lacs

BR+1.25=11.40

BR+1.25=11.40

BR+1.25=11.50

BR+1.25=11.50

Above Rs.10 lacs but

below Rs.25 lacs

BR+1.75=11.90

BR+2.25=12.40

BR+1.75=12.00

BR+2.25=12.50


1.b. Term loans with tenor beyond 3 years: Additional tenor premium over and

above revised rates will be charged as per column 2 (b)

 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 wef. 04.03.2013

(Base Rate 10.15)

Revised wef. 16.11.2013

(Base Rate 10.25)

CRA Rating

With CGTMSE

Without CGTMSE

With CGTMSE

Without CGTMSE

SB 1, 2 & 3

BR+1.75=11.90

BR+2.00=12.15

BR+1.75=12.00

BR+2.00=12.25

SB 4,5 & 6

BR+2.25= 12.40

BR+2.50=12.65

BR+2.25= 12.50

BR+2.50=12.75

SB 7,8 & 9

BR+2.75= 12.90

BR+3.25=13.40

BR+2.75= 13.00

BR+3.25=13.50

SB 10

BR+3.50=13.65

BR+4.25=14.40

BR+3.50=13.75

BR+4.25=14.50

SB 11 to 16

BR+4.75= 14.90

BR+5.25=15.40

BR+4.75= 15.00

BR+5.25=15.50

 

2.b. Term loans with tenor beyond 3 years: Additional tenor premium over

and above revised rates will be charged as follows.

Repayment period

Existing

Revised Tenor Premium

Above 3 years but below 5 years

25 bps

25 bps

5 years and above but less than 7 years

50 bps

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.

The concession, over and above the revised rates, as indicated in para 1.c annexure 1 and para 2.c of annexure 2 above will be subject to the undernoted stipulations/conditions

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

2. 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.

 

OTHER CONDITIONS:

1.  Limits up to Rs.100 lacs are to be MANDATORILY covered under CGTMSE (SME Circular No.5 / 12-13 dated 18.05.2012)

2.  For all loans above Rs. 5 crores under Manufacturing and Service sector – interest rate will be as applicable to C&I segment.

Top

 

AGRICULTURAL RATE OF INTEREST W.E.F.16.11.2013

Direct Agricultural advances.

1.Crop Loans

1.A. Crop Loans: Limit up to & inclusive of          Rs: 25 Lakhs

 

Size of  the limit

Interest Rate (%)

Upto Rs: 3,00,000/- (For all Schemes)

7.00

Above Rs: 3 Lakhs & upto Rs: 25 Lakhs

14.25

1.B Crop Loans Above Rs: 25 Lakhs upto Rs: 5.00 Crores (CRAS)

CRA RATING

Interest Rate (%)

SB 1 to 2

13.75

SB 3  to 5

14.25

SB  6 to 9

15.25

SB 10 to 16

15.75

 

  1. 1. C. INTEREST RATES ON COFFEE ADVANCES

(The following rates are applicable if repayment is made within one year of sanction. Otherwise 2 % penalty for each slab.)

a)  Up to     Rs; 3 Lakhs                                                                         7.00 %

b)  Above   Rs: 3 Lakhs and upto Rs: 25 Lakhs                          10.25 %

c)  Above   Rs: 25 Lakhs and upto Rs: 1 Crore                             11.25 %

d)  Above   Rs: 1 Crore and upto Rs: 5  Crore                               12.25 %

2. Agricultural Term Loans

2.A .Agricultural Term Loans: Limit upto & inclusive of Rs 2 Lakhs (Includes Farm House and Rural Godown Schemes)

Period of Loan

Amount of Loan

Interest Rate (%)

Upto and inclusive of 5 years

Upto    Rs: 50000

12.75

Above Rs: 50,000 & upto               Rs:2 Lakhs

14.00

Above 5 Years

Upto Rs: 50,000

13.00

Above Rs: 50,000 & upto          Rs: 2 Lakhs

14.25

 

 

 

 

 

2.B. Agricultural Term Loans: Limit above Rs: 2 Lakhs & upto Rs: 25 Lakhs

 

Period of Loan

 

Interest Rate (%)

Up to and inclusive of 5 years

Above Rs: 2 Lakhs up tp Rs: 25 Lakhs

15.00

Above 5 years

Above Rs: 2 Lakhs up to Rs: 25 Lakhs

15.25

 

2. C Agricultural Term Loans ( Limit: Above Rs: 25 Lakhs up to Rs. 5.00 Crores )

  1. (i) Repayment period above 3 years up to 5 years

CRA RATING

Interest  Rate%

SB 1 to 2

15.00

SB 3 to 9

15.50

SB 10 to 16

16.75

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

CRA RATING

Interest  Rate ( % )

SB 1 to 2

15.25

SB  3 to 5

15.50

SB  6 to 9

16.00

SB 10 to 16

17.00

3. INTEREST RATES FOR OTHER SPECIFIC ACTIVITIES

3.A. Produce Marketing Loans ( PML)

Activities/ Limit

Interest Rate %

PML (OTHER THAN  NBHC)

Irrespective of limit

12.50

PML through MOU with NBHC

( I ) Farmers/ Agriculturists

-Up to Rs: 25 Lakhs

( i )             12.50

(ii) All Others

Up to Rs: 25 Lakhs

( ii )            13.25

3. B. OTHER SPECIFIC ACTIVITIES

 

Details

Repayment  period

Interest Rate %

i) Purchase of coffee Estates & Arecanut

gardens ( Above Rs: 2 Lakhs upto Rs:25 Lakhs)

Up to 5 years

15.00

Above 5 Years

15.25

ii) Agri. Farm Scheme ( Farm Mechanization)

Irrespective of Limit& Repayment period

15.25

iii) Farm House

up to and inclusive of 5 years

15.00

Above 5 years

15.25

iv) Kissan Chakra (Above Rs:2 Lakhs upto Rs: 10 Lakhs )

(Max  Rs: 5 Lakhs)

Irrespective of the limit

Up to & inclusive of

5 years

15.00

Irrespective of the limit

Above 5 years

15.25

v) Kissan Chakra ( 2 Wheelers )

(Maximum of Rs: 50000 )

Irrespective of repayment period

15.25

vi)Cold Storage units (Above Rs:2  lakhs

& Up to Rs:25  Lakhs )

Repayment up to and

Inclusive of 5 years

15.00

Repayment above

5 years

15.25

vii) Rural Godowns ( Above Rs: 2 lakhs

And  up to Rs: 25 Lakhs )

Repayment up  to &

Inclusive of 5 years

15.00

Repayment above

5 years

15.25

 

4. LOANS TO SELF HELP GROUPS ( SHGs)

Self Help Groups

Limit

Interest Rate  ( % )

Direct Loans to SHGs/

Non Govt Organizations

Upto Rs: 2 Lakhs

12.25

(NGOs) Micro Finance Institutions (MFIs)

Above Rs: 2 Lakhs

13.25

Lending to SHG through

VIKASA & BIRD. K

All Limits

11.00

5. INDIRECT ADVANCES

5.(A) Co-operative /Intermediary agencies-Crop Loans

Limit

Interest Rate  %

Up to Rs: 50,000/-

12.25

Above Rs: 50000/- up to Rs: 2 Lakhs

12.75

Above Rs: 2 Lakhs up tp Rs: 25 Lakhs

12.75

 

( B ) Co-operatives / Intermediary –Agricultural Term Loans

Nature of

Facility

Repayment period

Limit

Interest Rate (%)

i) Term Loans

Up to and inclusive of 5 years

Up to Rs: 50000

12.75

Above Rs; 50,000

Up to Rs: 2 Lakhs

13.50

Repayment above 5 years

Up to Rs: 50000

13.00

Repayment up to &

inclusive of 5 years

Above Rs:50000

Up to Rs: 2 lakhs

13.75

ii) Term Loans

Repayment above 5

years

Above Rs: 2 Lakhs

Up to Rs: 25  Lakhs

14.00

Above Rs: 2 Lakhs

Up to Rs:25 Lakhs

14.25

 

NRE Term / Reinvestment Deposit account( w e f  01-03-2014)

PERIOD OF DEPOSIT

INTEREST   RATE ( % p.a.)

Existing

Revised

1year and above up to 2 years

9.00

9.00

Above 2 years and up to 3 years

9.00

9.00

Above 3 years  and  up to 5 years

9.50

9.00

Above 5 years

9.25

9.00

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  02.04.2014

PERIOD

RATE OF INTEREST ( % p.a. )

USD

GBP

EUR

CAD

AUD

1 Year & above but less than 2 Years

2.56

2.91

2.55

3.47

4.71

2 Years & above but less than 3 Years

2.59

3.49

2.49

3.40

4.96

3 years & above but less than 4 Years

4.05

4.82

3.64

4.61

6.23

4 Years & above but less than 5 Years

4.48

5.07

3.82

4.86

6.53

5 Years Only

4.85

5.29

4.01

5.09

6.74

Interest Rates on RFC deposits with effect from 02.04.2014

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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

1.48

1.77

1.53

6 months and above less than 1 year

1.58

1.87

1.62

1year & above but less than 2 years

2.56

2.91

2.55

2 years & above but less than 3 years

2.59

3.49

2.49

3 years & above but less than 4 years

4.05

4.82

3.64

4 years & above but less than 5 years

4.48

5.07

3.82

5 years only

4.85

5.29

4.01

 
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Fax: 91 80 22283684

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