| Product |
Revised rate of interest
w.e.f 01.08.2011 |
| 1. All agricultural loans and Agri Structured Products / Schemes |
| Upto Rs.50,000/-
(*WC/STL) |
BPLR -
3.25% = 11.75 % |
| Upto Rs.50,000/-
(**TL) |
BPLR +
TP - 3.25% = 12.25 % |
| Above Rs.50,000/-
upto Rs.2.00 lakhs - (*WC/STL) |
BPLR -
2.0% = 13.00 % |
| Above Rs.50,000/-
upto Rs.2.00 lakhs - (**TL) |
BPLR +
TP - 2.00% = 13.50 % |
| Above Rs.2.00
lakhs upto Rs.5 lakhs - (*WC/STL) |
BPLR -
1.00 % = 14.00 % |
| Above Rs.2.00
lakhs upto Rs.5 lakhs - (**TL) |
BPLR+TP
- 1.00 % = 14.50 % |
| Above Rs.5.00
lakhs (*WC/STL) |
BPLR
-0.5= 14.50 % |
| Above Rs.5.00
lakhs (**TL) |
BPLR+TP-0.5
= 15.0 % |
I.(a) IBKC/Crop Loans / Jewel loan agri for crop production purposes sanctioned to individuals up to Rs.3.00 lakhs will continue to be charged at 7.00% as per extant interest subvention scheme of the Government of India.
*WC/STL Working Capital/Short Term Loans upto 35 months
**TL Term Loans with repayment period of 36 months and above |
| 2. Coffee and tea growers |
| Existing
A/Cs: Upto Rs.2.00 lakhs (*WC/STL) |
As applicable to all other agri advances as per item I above |
| Existing
A/Cs: Upto Rs.2.00 lakhs (**TL) |
As applicable to all other agri advances as per item I above |
| Existing
A/Cs: Rs.2.00 lakhs and above (*WC/STL) |
BPLR -
2.25 % = 12.75 % |
| Existing
A/Cs: Rs.2.00 lakhs and above (**TL) |
BPLR+TP
- 2.75 % = 12.75 % |
| New A/Cs: Upto Rs.2.00
lakhs (*WC/STL) |
As applicable to all other agri
advances as per item I above |
| New A/Cs: Upto Rs.2.00
lakhs (**TL) |
As applicable to all other agri
advances as per item I above |
| New A/Cs: Rs.2.00 lakhs
and above (*WC/STL) |
BPLR -
1.75 % = 13.25 % |
| New A/Cs: Rs.2.00 lakhs
and above (**TL) |
BPLR+TP
- 2.25 % = 13.25 % |
| 3. Poultry advances (Irrespective of the limit – existing / New units subject to rating of the account being above ‘C’ under RAM) |
| Existing Units (WC) |
BPLR -
2.50 % = 12.50 % |
| Existing Units (TL) |
BPLR +
TP - 3.00 % = 12.50 % |
| New Units (WC) |
BPLR -
2.00 % = 13.00 % |
| New Units (TL) |
BPLR+TP
- 2.50 % = 13.00 % |
| 4. Farm Mechanization (including second hand tractors and maintenance of tractors) |
| Upto Rs.50,000/- |
BPLR+TP
- 3.25 % = 12.25 % |
| Above Rs.50,000
- upto Rs.2.00 lakhs |
BPLR+TP
- 2.25 % = 13.25 % |
| Above Rs.2
lakhs - upto Rs.5.00 lakhs |
BPLR+TP
- 2.00 % = 13.50 % |
| Above Rs.5.00 lakhs |
BPLR+TP
- 1.25 % = 14.25 % |
| 5.(a). Post Harvest Financing - Direct: |
| Upto Rs.50,000/- |
BPLR -
3.25 % = 11.75 % |
| Above Rs.50,000/- upto Rs.2.00 lakhs |
BPLR -
2.00 % = 13.00 % |
| Above Rs.2 lakhs upto Rs.5.00 lakhs |
BPLR -
1.00 % = 14.00 % |
| Above Rs.5.00 lakhs |
BPLR-0.50
= 14.50 % |
| 5.(b). Post Harvest Financing - Indirect: |
| Construction of godowns / cold storage units : Irrespective of limit |
BPLR +
TP - 3.25 % = 12.25 % |
| Produce marketing loan – Indirect finance to farmers : Irrespective of limit |
BPLR -
1.25 % = 13.75 % |
| 6. Development/Strengthening of agri marketing infrastructure, grading and Standardization |
| Irrespective of limit |
BPLR+TP
- 3.25 % = 12.25 % |
| 7. SHG Bank Linkage Programme (including SHG derivatives – Project Shakthi and Vidya Shoba |
| STL upto 35 months / OD/CC : Upto Rs.2.00 lakhs |
BPLR -
2.50 % = 12.50 % |
| STL upto 35 months / OD/CC : Above Rs.2.00 lakhs |
BPLR -
1.50 % = 13.50 % |
| Term Loan 36 months & above : Upto Rs.2.00 lakhs |
BPLR+TP
- 2.50 % = 13.00 % |
| Term Loan 36 months & above : Above Rs.2.00 lakhs |
BPLR+TP
- 1.50 % = 14.00 % |
| 8. SGSY Group Loans |
| STL upto 35 months / OD/CC : Interest to be charged based on loan sanctioned to the group on per capita basis |
BPLR -
2.50 % = 12.50 % |
| Term Loan 36 months & above : Interest to be charged based on loan sanctioned to the group on per capita basis |
BPLR+TP
- 2.50 % = 13.00 % |
| 9. Financing Micro Finance Institutions (MFI) for on lending to the poor (NGO / Trust /Society/Mutually Aided Co-Operative Society (MACS) / State Co-op Society / National Credit Co-operative / NBFC / SHPI / SHG Federation / Section 25 company) |
| STL upto 35 months / OD/CC : Irrespective of Limit |
BPLR -
0.25% = 14.75 % |
| Term Loan 36 months & above : Irrespective of Limit |
BPLR+TP-0.25%
= 15.25 % |
| 10. Grihalakshmi (Housing Loan to SHG Members) |
| Upto Rs.1.00 lakh (Maximum) |
BPLR+TP
- 4.75 % = 10.75 % |
| 11. Micro Credit |
Short Term Loans : Upto Rs.50000/- per
individual (Maximum) |
BPLR -
3.25 % = 11.75 % |
Term Loans : Upto Rs.50000/- per
individual (Maximum) |
BPLR+TP
- 3.25 % = 12.25 % |
| 12. Home Loan to Farmers & Golden Jubilee Rural Housing Finance Scheme |
| Interest rates as applicable to our Bank’s Home Loan scheme. |
| 13. Gramin Mahila Sowhbagya Scheme (GMSS) |
| Upto Rs.15,000/- (Maximum) |
BPLR+TP
+ 0.50% = 16.00 % |
| 14. Jewel Loan to Traders under Priority Sector |
| Upto Rs.50,000/- |
BPLR -
3.00 % = 12.00 % |
| Above Rs.50,000/- upto Rs.2.00 lakhs |
BPLR -
2.00 % = 13.00 % |
| Over Rs.2 lakhs - upto Rs.5.00 lakhs |
BPLR -
0.50 % = 14.5 % |
| Above Rs.5.00 lakhs upto Rs.20.00 lakhs |
BPLR =
15.00 % |
| 15. Non Priority Jewel loans including secured OD against Gold Ornaments |
| Short term loans / secured OD : Irrespective of limit |
BPLR -
0.50% = 14.50 % |
| 16. Jewel loans to staff members (Non Priority) |
| Irrespective of limit |
BPLR +
0.25% = 14.75 % |
| 17. Jewel loans to senior Citizens |
| For EMI |
BPLR -
2.50% = 12.50 % |
| For Bullet Payment upto 12 months |
BPLR -
2.50% = 12.50 % |
| For Bullet Payment after 12 months |
BPLR -
2.25% = 12.75 % |
| 18. SB cum Overdraft account and General Credit Card |
| SB cum Overdraft account |
BPLR+0.25%
= 14.75 % |
| General Credit Card |
BPLR+0.25%
= 14.75 % |
| 19. Accounts sanctioned with Finer Rate of interest |
Wherever minimum rate of interest is not stipulated:
|
Changes
in BPLR have to be effected appropriately then and there. |
| Wherever minimum rate of interest is stipulated: |
Minimum rate of interest as stipulated in the sanction terms to be maintained by adjusting the spread whenever there is revision in BPLR |
