Bank Interest Rates(2011)
Interest on Deposits
(w.e.f 04.03.2011) |
Period |
Interest Rates |
| 30 Days up to 90 Days |
5.50 % |
| 91 Days up to 1 Year |
6.50% |
| 1 year up to 2 years |
7 .50% |
| 2 years and 3 years |
9.50 % |
| 3 years and above |
10.00 % |
| Senior Citizens |
+ 0.50 % |
- Interest on Saving Account @ 4.00 % on Daily products basis from May’2011
- No Penalty for Premature Payment of FD, if renewed for higher rate benefit.
Interest onSecured Advances
(w.e.f 12.07.2011)
Business Hypo.Cash Credits/Clean Cash Credit |
Period |
Interest Rates |
| Up to Rs. 2.00 Lacks |
12.00 % |
| Over Rs. 2.00 Lacks |
13.50 % |
| Machinery Loans-Hypo (48/60 Months) |
New Machinery |
Old Machinery |
| Up to Rs. 5.00 lacks |
12.50 % |
13.00 % |
| Over Rs. 5.00 lacks |
13.00 % |
13.50 % |
| |
| Other Loans |
| Personal Guarantee Loans |
15.00 % |
| Education Loans |
11.00 % |
| Property Loans (50% of Valuation) |
14.00 % |
| Housing Loans |
New House |
Old House |
| Up to Rs. 5.00 lacks |
12.00 % |
12.50 % |
| Over Rs. 5.00 lacks |
12.50 % |
13.00 % |
| |
| Vehicle Loans (48/60 Months) |
New Vehicle |
Old Vehicle |
| Two/Four Wheeler |
12.00 % |
13.00 % |
| Commercial Vehicle |
13.50 % |
|
Penal Interest and rebates as decided by Bank from time to time in cases where penalty rate is applied, maximum rate will be 15.00 %
|
