Newsroom
 » Notifications
 » What is new
 » Press Releases
 » Tender/Bids/Auction
 » Career
 » Awards & Accolades
 » Interest Rates & Service
   Charges (Quick Glance)
 » Deposit Rates
 » Lending Rates
 » Service Charges / Forex Rates

 
  home > Lending rates > Interest rate on Agricultural Products
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

 

 
icon : Branch Network Branch Network
icon : Internet Banking Internet Banking
icon : ATM Network ATM Network
icon : IndMobile Banking Mobile Banking
icon : Phone Banking Phone Banking
icon : Credit - Debit Cards Credit - Debit Cards
  Newsroom  
 » Notifications
 » Deposit Rates
 » Lending Rates
 » Service Charges / Forex Rates
 Products Palette
 » Educational Loan
 » IB Swarna Mudra Schemes
 » Wealth Management Services
 Info
 » Basel-II Disclosures
 » Right to Information Act
 » Customer Centric Services
 » Best Practices Code
Press-Release  |  Tenders/Bids/Auction  |  Careers  |  Downloads  |  Disclaimer  |  Feedback  | Online Customer Complaints