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Interest rate on Advances

·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.

·Maximum spread of the Bank for penal rate of interest is 3% p.a. and Penal rate of interest for any irregularity in  the loan accounts is maximum 2%.Maximum penal commission for Non - Fund Based is 0.25% p.a.”

Interest Rates on Advances (w.e.f. 14.05.2012)

Prime Lending Rate : 14.75%
Prime Term Lending Rate (PTLR) : 14.75%
Maximum interest spread over PLR/PTLR
(exclusive of Tax) other than export
Credit and Consumer Credit :
In respect of Borrowers enjoying limits up to
and inclusive Rs.2.00 lac:
BASE RATE OF THE BANK W.E.F. 03.04.2017                                   
            9.50 % 

Click to view MCLR Based Lending Rates w.e.f. from 01.05.2017 >>

Click to view MCLR Based Rate of Interest

Click to view Base Rate Based Rate of Interest

Display of Information as per RBI Guidelines - Interest Rate Range of Contracted Loans