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Home >> Interest rate on Advances
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 is 3%,Penal rate for any irregularity in  the loan accounts is 2%”

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 :
3.00%
In respect of Borrowers enjoying limits up to
and inclusive Rs.2.00 lac:
14.75%
BASE RATE OF THE BANK W.E.F. 01.07.2016                                  
            9.65 % 

Click to view MCLR Based Lending Rates w.e.f. from 03.01.2017 >>

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