The rate of interest of deposits is changed with effect from 15th July 2016 as follows

Sl
No.

TERM

General

Senior Citizen

1

15 days to 90 days

6

6.25

2

91 days to 180 days

6

6.25

3

181days to less than 1 year

7

7.25

4

1 year to les than 2 years

7

7.25

5

2 years to less than 3 years

7

7.25

6

3 years to less than 5 years

7.5

7.25

7

5 years and above

7

7.25





Rate of Interest on Deposits Loans and Advances W.E.F 01.01.2016

i) Term Deposit

Sl
No.

TERM

General

Senior Citizen

1

15 days to 90 days

6.0

6.0

2

91 days to 180 days

6.5

6.5

3

181 days to less than 1 year

7.5

7.5

4

1 year to less than 2 years

7.75

8.25

5

2 years to less than 3 yrs.

7.75

8.25

6

3 years to less than 5 yrs.

8.0

8.5

7

5 years and above

7.5

8.0


 ii)  Slabwise interest rate of Loan and Advance

Sl
No

Limit

MTL

CC A/c.

1

Upto 1,00,000

12.50%

12.50%

2

1,00,001 – 3,00,000

13.25%

13.25%

3

3,00,001 – 5,00,000

13.50%

13.50%

4

5,00,001 – 10,00,000`

13.25%

13.25%

5

 10,00,001 to above

12.50%

12.50%

iii) Other Loans:

Sl
No

Scheme

Rate of Interest

Remarks

1

Car loan for personal use

10.50%

The existing ceiling of Rs.10.00 lac for personal car loan has been raised to Rs.15.00 lac. For Car loans beyond Rs.10.00 lac, the proposal will be placed to the Loan Sub-Committee for sanction.Commercial vehicle loan rates will be as per general rate.

2

Education Loan

11.00`%

Limit has been raised to Rs.5.00 lac from existing Rs.4.00 lac.

3

Festival Loan

12.00 %

Maximum limit of Festival loan is Rs.1.00 lac. No processing fee. Chairman may sanction it. May avail 30 days before the festival of Bohag Bihu and Durga Puja.

4

Pre-owned Car

15.50%

Maximum limit Rs.3.00 lac repayable in 3 years. The loan amount shall not be more than the Insurance valuation. Certificate and quotation to be issued by Company authorized firms only for any brand of Car.

5

STL against
LICI/NSC/KVPs

14.00% (Flat)

Branch Manager to sanction maximum Rs.50,000/- as of now and above it by the Chairman without ceiling.

6 Private Vehicle Loan Scheme
Upto February 2016

Upto Rs. 3 lacs 9.90%

Rs. 3.00 lacs to to Rs. 10 lacs 10.25 %

Rs. 10 lacs and above 11.25%

The Maximum amount of loan is 20 lacs for four wheelers and 2 lacs for two wheelers. No processing fees for loans upto Rs. 3 lacs. For Loans above Rs. 3 lacs processing fees @ 1% will be charged plus s.tax extra.

 

 

Interest Rates are subject to change without any notice