REVISED RATE OF INTEREST ON VARIOUS TYPES OF LOANS AND ADVANCES w.e.f. 16.02.2021

Sr.

No.

                    TYPE OF LOANS

        C.B.TO PACS

PACS  TO MEMBER

Existing rate of Interest

(p.a.)

Revised  rate of interest

(p.a.)

Existing rate of interest (p.a.)

Revised rate of interest (p.a.)

1. 

Crop Loan / KCC

5.50%

5.50%

7%

7%

2. 

Consumption Loan

12%

12%

14%

14%

3. 

Rural Artisans

12%

12%

14%

14%

4. 

Petty Shopkeeper

12%

12%

14%

14%

5. 

Cash Credit Fert. For PACS/Mkg.

12%

12%

–

–

6. 

Cash Credit Consumer Goods

12%

12%

–

7. 

OD Limit to PACS for repayment of Deposit

12%

12%

–

8. 

M.T. Loan through PACS

–

Agri MT Loan for Agri allied (Bio Gas) Milk cattle/cart bullock and sponsor Non Agri.

12%

12%

14%

14%

OTHER SOCIETIES

9. 

Loan to Salary Earner Societies for

Gen : 13%

Bank Staff : 9%

Gen : 13%

Bank Staff : 9%

–

–

10. 

Loan to Thrift & Credit Societies

14%

14%

–

–

DIRECT FINANCING

Sr. No.

Type of Loan

Existing rate of Interest

Revised rate of interest

Interest Frequency

11. 

Industrial, Weaver & L&C Societies

12%

12%

Monthly

12. 

Cash Credit to Individual/ Businessman/Traders

12%

11.90%

Monthly

13. 

Revolving Cash Credit limit

12%

11.90%

Monthly

14. 

Overdraft Limit to Staff

9%

9%

Monthly

15a

Loan against TDA for Public Margin will be maintained 30% against Advance

2% above from FDR

2% above from FDR

Quarterly

15b

Loan against NSC for Public Margin will be maintained 30% against Advance

2% above from NSC

9%

Quarterly

16a

Loan against TDA for Staff Margin will be maintained 15% against Advance

At Par

At Par

Quarterly

16b

Loan against NSC for Staff Margin will be maintained 15% against Advance

At Par

8.50%

Quarterly

17.

Loan to Individuals for Small Transport

13%

13%

Monthly

18.

Consumer Durable loan for

a. General

11%

11%

Monthly

b. Staff (Own Bank/Harco/ARCS)

10%

10%

Monthly

19.

Personal Loan for

a. General

11.50%

11.50%

Monthly

b. Staff (Own Bank/Harco/ARCS)

10%

10.00%

Monthly

20.

Education Loan for

a. General

11%

10%

Monthly

b. Staff (Own Bank/Harco/ARCS)

9%

9%

Monthly

21.

Personal Motor Car Loan for

c. General

9.50%

8.50%

Monthly

d. Staff (Own Bank/Harco/ARCS)

9.00%

8.00%

Monthly

22.

Housing Building Loan for

a. Rural  

10%

9%

Monthly

b. Urban

8.50%

8%

Monthly

c. School & College

12%

11%

Monthly

23.

Loan against Gold ornaments

12%

12%

Monthly

24

Agricultural Land Purchase

14%

14%

Monthly

25.

FARM & NON FARM SECTOR SCHEMES

a. Dairy Farming,  Milk Cattle, Poultry, Bee Keeping, Poly House, Piggery, SHGs, SCC, Integrated, Shuttering, Composite, Other Farm & NFF activities.

b. Loan to Women Coop. Society

c. Loan to Fruit and Vegetable Society

12%

12%

Monthly

26.

a. E-Rickshaw/Auto 3Wheeler

12%

12%

Monthly

NOTE : In case of default/violation of any term & condition, non-payment of loan to the bank :-