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  • June 24,2018
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interest rate on advance

  • As per policy, Interest on Advances are charged on reducing balances.
  • Interest rates are chargeable on floating or Fixed rates depending upon scheme and terms & conditions of sanction.

Interest Rates on Advances

 
S. No. Particulars Rate of Interest With Effect From
1. Prime Lending Rate 14.75% 14.05.2012
2. Base Rate 9.45% 03.10.2017
3. 1 year MCLR 8.65% 11.06.2018
4. Maximum spread of the Bank over MCLR 5.00% 10.07.2017
5. Maximum penal rate of interest on fund based facilities* 2%  
6. Maximum penal rate of interest on non-fund based facilities* 0.25%  
 
  • In cases where the penal interest/commission are applicable for more than one type of default, the aggregate of such penal interest rates shall not exceed 3% p.a. plus 0.25% p.a. on the Non-Fund based outstanding subject to the condition that the overall rate of interest including penal charge/commission shall not exceed benchmark lending rate plus Maximum spread plus 2% p.a.
 
MCLR w.e.f. from 11.06.2018 Download Download
MCLR w.e.f. from 11.05.2018 Download Download
MCLR w.e.f. from 10.04.2018 Download Download
MCLR w.e.f. from 12.03.2018 Download Download
MCLR w.e.f. from 11.01.2018 Download Download
MCLR w.e.f. from 11.12.2017 Download Download
MCLR w.e.f. from 13.11.2017 Download Download
MCLR w.e.f. from 11.10.2017 Download Download
MCLR w.e.f. from 11.09.2017 Download Download
MCLR w.e.f. from 11.08.2017 Download Download
MCLR w.e.f. from 11.07.2017 Download Download
MCLR w.e.f. from 12.06.2017 Download Download
MCLR w.e.f. from 01.05.2017 Download Download
MCLR Based Rate of Interest Click Here
Display of Information as per RBI Guidelines - Interest Rate Range of Contracted Loans Download Download
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