To augment the Savings of the People of the town and in turn to lend the funds to the common men small borrowers and S.S.I units .....
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Late Shri Prahladbhai Patel
Bank Interest Rates(2010)
Interest on Deposits
(w.e.f 01.08.2010)
Period
Interest Rates
30 Days up to 90 Days
5 %
91 Days up to 1 Year
6%
1 year up to 2 years
7 %
2 years and above
7.50 %
Senior Citizens / Handicapped
+ 0.50 %
Interest on Advances
(w.e.f 15.04.2010)
Business Hypo. Cash Credits/ Clean Cash Credit
Period
Interest Rates
Up to Rs. 50,000/-
13.00 %
Over Rs. 50,000/- up to Rs.2.00 lacks
13.00 %
Over Rs.2.00 lacks up to Rs.10.00 lacks
13.50 %
Over Rs.10.00 lacks
13.50 %
Machinery Loans-Hypo
(48/60 Months)
New Machinery
Old Machinery
Up to Rs. 5.00 lacks
12.00 %
12.50 %
Over Rs. 5.00 lacks
12.50 %
13.00 %
Other Loans
Personal Guarantee Loan
13.00 %
Education Loan
10.50 %
Property Loan (50% of Valuation)
13.50 %
Housing Loans
New House
Old House
Up to Rs. 5.00 lacks
11.00 %
11.50 %
Over Rs. 5.00 lacks
11.50 %
12.00 %
Vehicle Loans (48/60 Months)
New Vehicle
Old Vehicle
10.00 %
10.50 %
Penal Interest and rebates as decided by Bank from time to time
