Revised structure of Interest rate on Deposit (01.05.2023)
|
Sr. No
|
Deposits
|
01.01.2023 (Existing)
|
01.05.2023 (Revised)
|
|---|---|---|---|
|
1
|
31 days to 45 days
|
3.50%
|
4.50%
|
|
2
|
46 days to 90 days
|
3.75%
|
4.50%
|
|
3
|
91 days to 180 days
|
4.75%
|
6.25%
|
|
4
|
181 days to below 1 year
|
5.75%
|
6.25%
|
|
5
|
1 year to 3 years
|
7.00%
|
7.50%
|
|
6
|
3 years above upto 10 years
|
6.50%
|
7.00%
|
|
Bhagyodaya Deposit (Double Scheme)
|
|---|
|
Period of Deposit: 10 years (120 Months)
|
|
Rate of Interest: 7.00% p.a (compounded quarterly)
|
|
Conditions for the above scheme :-
|
|
* Minimum Deposit amount is Rs 5000/- & in multiples of Rs 1000/-
|
|
*Senior Citizen 0.50% more (Above 1 year Deposit)
|
|
Saving Deposit Interest: 4.00%
|
|
RD Scheme
|
|---|
|
* Rate of Interest: 7.50% p.a (compounded quarterly) for 1 year to 3 years
|
|
* Rate of Interest: 7.00% p.a (compounded quarterly) for above 3 years
|
|
Minimum Monthly Installment: Rs. 100/-
|
Revised structure of Interest rate on Advances w.e.f 01.10.2024
|
Sr. No
|
Advance
|
01.05.2023 (Existing)
|
01.10.2024 (Revised)
|
|---|---|---|---|
|
1
|
Gold Loan
|
11.00%
|
11.00%
|
|
2
|
Mortgage Loan
|
11.75%
|
11.75%
|
|
i)
|
For Const / Pur of Resi House
|
8.90%
|
8.90%
|
|
ii)
|
For Com Pur / Business Purpose
|
11.75%
|
11.75%
|
|
3
|
Hypothecation Loan
|
12.00%
|
12.00%
|
|
i)
|
Car Loan
|
9.25%
|
9.25%
|
|
ii)
|
Commercial Vehicles
|
12.00%
|
12.00%
|
|
iii)
|
Second hand Vehicles
|
12.00%
|
12.00%
|
|
4
|
Cash Credit
|
|
|
|
i)
|
Up to 5 Lakhs
|
11.50%
|
10.00%
|
|
ii)
|
|||
|
iii)
|
11.50%
|
10.00%
|
|
|
5
|
Loan against Govt.Sec/LIC Policy
|
||
|
6
|
|||
|
7
|
Staff Salary Loan
|
11.00%
|
11.00%
|
|
8
|
Loan against Security of Deposits
|
2% > Than Deposit Interest rate
|
|
