Interest Rates
The details showing the Current Lending Rate of Interest and the fixed deposit rates of the BANK
Sl.No. |
Types of Loan |
Yearly |
EMI |
|
Short Term Agriculture |
|
|
1 |
KCC Loan (Soc) -Subsidy |
6.60 |
- |
2 |
KCC Loan Non-Subsidy (Soc) |
8.00 |
- |
3 |
KCC Loan- Individuals-Above 5 lakh |
9.50 |
- |
|
Short term non-agri Agriculture |
|
|
4 |
Cash credit Loan (CC II, IV)-soc |
9.50 |
- |
5 |
Cash credit Loan (CC IIa-Food grain )-soc |
9.50 |
- |
6 |
Cash credit Loan (CC I -Daily business) |
9.50 |
- |
7 |
Marketing Finance (Societies)-Coffee |
10.00 |
- |
8 |
Marketing Finance (Societies)-Paddy |
10.00 |
- |
9 |
Overdraft Loans - Individuals |
10.00 |
- |
10 |
Pigmy deposit surety Loan - Individuals |
10.00 |
- |
11 |
Jewel Loan: |
|
|
|
Without RTC |
10.00 |
- |
|
With RTC |
9.00 |
- |
12 |
Jewel Loan Instant-90 days |
10.50 |
- |
13 |
Jewel Loan Overdraft |
10.00 |
- |
14 |
Surety loan individual (Farmers) |
10.00 |
- |
15 |
Badavara Bandhu loan |
10.00 |
- |
16 |
Mudra |
11.00 |
- |
17 |
Loan on N.S.C /K.V.P/ I.V.P/LIC bond Ind |
12.00 |
- |
18 |
Loan on N.S.C /K.V.P/ I.V.P/LIC bond Staff |
12.00 |
- |
19 |
Pigmy Deposit Loan |
11.00 |
- |
20 |
As per State Govt. Interest Subsidy Rate -MT Agri & ST others |
||
Farm Mechanisation |
8.92 |
- |
|
Farm Pond Loan |
8.92 |
- |
|
Sprinkler Loan |
8.92 |
- |
|
Coffee Drying yard and Godown |
8.92 |
- |
|
Coffee Pulper |
8.92 |
- |
|
Farm house loan |
8.92 |
- |
|
Floriculture Loan |
8.92 |
- |
|
Dairy Development/Piggery/Poultry/Sheep Rearing |
8.92 |
- |
|
Green/Poly House |
8.92 |
- |
|
21 |
Agri M.T. Loan Non Subsidy |
10.00 |
- |
22 |
PashuBhagya (Govt subsidies) |
11.00 |
- |
23 |
PashuBhagya -Non subsidy) |
10.00 |
- |
24 |
Fisheries (Govt subsidies) |
8.92 |
- |
|
Medium Term Non-Agri Loans |
||
25 |
PACS as MSC by NABARD |
11.00 |
- |
26 |
MSC Loan to societies by bank |
10.00 |
- |
27 |
Personal Loan (Salary) - Individuals |
10.50 |
- |
28 |
Personal Loan (Salary) - Private sector (anganvadi) |
10.50 |
- |
29 |
Vehicle (Gen)-WEF 10.05.2022 |
9.50 |
8.50 |
30 |
Vehicle Loan (Hire Auto & other vehicle) |
10.00 |
9.00 |
31 |
Second hand vehicle loan –Ind |
11.00 |
10.00 |
32 |
Electric vehicle |
9.00 |
8.00 |
33 |
Pick-up loan agri |
9.00 |
- |
34 |
Diesel Generator |
10.50 |
- |
35 |
Agri Allied activities(Govt non subsidy) |
10.00 |
- |
36 |
Solar Loan |
10.00 |
9.00 |
|
SHG & JLG Loans |
||
37 |
Self Help Group Loan(BPL) -Gents |
11.00 |
- |
38 |
Self Help Group Loan(BPL)-Ladies |
11.00 |
- |
39 |
Self Help Group Loan(APL) |
9.50 |
- |
40 |
Joint Liability Group Loan |
10.00 |
- |
|
Long Term Non-Agri Loans |
|
|
41 |
Building Loan (Societies) |
10.00 |
- |
42 |
House /Site/ Building Mortgage Loan |
10.50 |
9.50 |
43 |
Building Loan-Institution |
11.00 |
10.00 |
44 |
Building Loan-Ind |
10.00 |
9.00 |
45 |
House Construction Loan to Indls/ Salaried |
10.00 |
9.00 |
46 |
LT – General Purpose |
10.50 |
9.50 |
47 |
Agri Property purchase and development-Indl |
10.00 |
- |
48 |
Agri Property purchase and development-Company |
11.00 |
- |
49 |
Tourism development loan |
- |
10.00 |
50 |
Consortium Loan |
- |
12.00 |
51 |
Site/House /Building Purchase Loan –Ind |
10.50 |
9.50 |
52 |
Rural housing Loan |
10.00 |
9.00 |
53 |
Vidhya Sahakara Education Loan |
- |
10.50 |
Note: 1)2% penal interest charged if loan falls overdue.
2)Rate of interest charged on all govt interest subsidy schemes is as per GOK order.
FIXED DEPOSIT INTEREST RATE (W.E.F. 05.11 .2024)
SI NO |
|
30 TO 90 DAYS |
91 TO 180 DAYS |
181 TO 364 DAYS |
365 Days |
366 Days to <2 years |
Above 2 yrs to 10 yrs |
1 |
General |
4.50% |
4.75% |
5.75% |
7.00% |
7.50% |
7.00% |
2 |
Senior Citizen |
5.00% |
5.25% |
6.25% |
7.50% |
8.00% |
7.50% |
3 |
Defense Persons |
4.75% |
5.00% |
6.00% |
7.25% |
7.75% |
7.25% |
Bank offers FIXED DEPOSIT scheme for 444 days at rate of interest 7.60% and 0.50% additional to senior citizens and 0.25% additional to Defense Persons.