Interest Rates

S.No Type of Deposits And Tenure Individual, Co-op. Institutions and
Trust & Registered Employee Union
Senior Citizen Above 60 Years
Less than Rs. 1 crore Rs. 1 crore and above Less than Rs. 1 crore Rs. 1 crore and above
A Saving Bank Account 2.75% 2.75% 2.75% 2.75%
B Fixed Deposits
1 7 days to 14 days 3.75% 3.75% 4.00% 4.00%
2 15 days to 29 days 4.00% 4.00% 4.25% 4.25%
3 30 days to 90 days 4.25% 4.25% 4.50% 4.50%
4 91 days to 180 days 5.00% 5.00% 5.25% 5.25%
5 181 days to below 12 Months 5.75% 5.75% 6.00% 6.00%
6 Below 12 Months to 14 Months 6.00% 6.00% 6.25% 6.25%
7 14 Months 7.00% 7.50% 7.25% 7.50%
8 Above 14 Months to 18 Months 6.50% 6.50% 6.75% 6.75%
9 Above 18 Months to 36 Months 6.25% 6.25% 6.50% 6.50%
10 Above 36 Months to 120 Months 6.00% 6.00% 6.25% 6.25%
C GS Mahanagar Tax Saver Scheme
1 Only for 5 Years 6.00% 6.00% 6.00% 6.00%
D Daily Savings Deposits 2.75%
Note Penalty of 1% (on applicable rate of interest for the period the deposit remained with bank or on contracted rate whichever is lower) will be levied on all premature withdrawal of deposits. For other terms and conditions kindly contact nearest branch.
A) Floating Interest Rate:-

Sr.

Type of Loan

*Interest Rates with effect from 21/04/2025

 

Benchmark Prime Lending Rate (BPLR)

12.00%

1

Loan / Overdraft against Term Deposit

Customer wise total sanction limit for OD & Loan :

a) Below Rs. 1.00 Crore 1.00% more than the rate of interest applicable to Term Deposit.

b) Rs.1.00 crore and above to below Rs. 3.00 crore (Loan/OD Limit) = 0.75% more than the rate of interest applicable to Term Deposit.

c) Rs. 3.00 crore and above (Loan/OD Limit) = 0.50% more than the rate of interest applicable to Term Deposit.

d) Interest Rate on Loan against Daily Saving Account =Interest Rate on Daily Saving A/c + 1.00%.

2

Loans / Overdraft against Third Party Deposit

Customer wise total sanction limit for OD & Loan :

a) Below Rs. 3.00 Crore 2.00% more than the rate of interest applicable to Term Deposit.

b) Rs. 3.00 Crore & above 0.50% more than the rate of Interest applicable to term Deposit.

 

3

i) Secured Personal Loan

 

 

 

 

 

 

 

(a)DSPL:-

Group of 50 or above employed with State Govt. or Semi State Govt. bodies including Municipal Corp., Municipal Council & Undertaking from employer to Remit full salary or EMI Directly Deducted from salary.

11.50%

(b)EMISPL:-

Group of 50 or above employed with A-Group Company declared by SEBI & Borrowers employed with BEST & Undertaking from employer to remit full salary or EMI Directly Deducted from salary

12.50%

(c)SPL:-

Less than 50 employees, employed with State Govt. & Semi State Govt. bodies, A-Group Company declared by SEBI, Companies approved by Board and undertaking from employer to remit full salary or EMI Directly deducted from salary.

12.50%

Note: - CRAR of the Bank is being above 12%, Bank has decided to take Share Capital for Secured Personal Loans of above three category borrowers of Rs.1000/- irrespective of loan amount.

ii) Unsecured Personal Loan

(a)   USPL:-

All employees of, Central Govt., Central Public sector undertaking who are not covered under section 49 of MSCS act 1960 and undertaking from employer to remit full salary or EMI directly deducted from salary or confirmed ECS/NACH/ACH.

14.00%

(b) USPL:-

A Group companies declared by SEBI, companies approved by Board & confirmed ECS/ NACH/ ACH is available)

14.00%

iii) Unsecured Personal Loan

UNDSPL

11.50%

iv) Unsecured Personal Loan

UNEMISPL/UNSPL:-

12.50%

v) Unsecured Personal Loan and other Secured Personal Loan-

EMIUPL:-All borrowers other than 3(i) to (iv)

15.50%

 

Loans under 3(ii), (iii), (iv) &(v) above to be shown as unsecured for the purpose of ascertaining exposure to total unsecured advances

4

New Vehicle:-

Two Wheelers & Four Wheelers

(personal / commercial use) - Floating Rate

Repayment period up to 36 months.
a) Credit Vision Score above 700 - @ 9.00%
b) Credit Vision Score up to 700 - @ 9.30%



Repayment period above 36 months to 60 months
a) Credit Vision Score above 700 - @ 9.20%
b) Credit Vision Score up to 700 - @ 9.50%

5

Gold Loans and Overdraft Facility against Gold

a) ODGLD - @ 10.00%

b) EMIGLD / GLD-BULLE -
i) Repayment period up to 6 months. - 9.25%
ii) Repayment period above 6 months to 12 months - 9.50%

6

Loan / Overdraft against LIC/ NSC/ KVP and Other Trustee Securities - Floating Rate

9.75%

7

Loan against Shares/ Debentures/Bonds - Floating Rate

15.00%

8

All types of Term Loans / Cash Credit / Bill Discounting

A) up to Rs. 50.00 lakh

Priority Sector = 11.00%

Non- Priority Sector = 12.00%

B) without credit rating: - Above to Rs.50.00 lakh

Priority Sector = 12.00%

Non -Priority Sector = 13.00%

C) Priority Sector: -

Above Rs.50 lakh = if Credit Rating is undertaken interest rate as below

Rating

Marks

BPLR=12.00%

Interest Rates

AAA

85 & above

BPLR - 3.00%

9.00%

AA

80 to 84

BPLR - 2.00%

10.00%

A

75 to 79

BPLR - 1.50%

11.00%

BBB

70 to 74

BPLR - 0.50%

11.50%

BB

Below 70

BPLR - 0.00%

12.00%


D)  Non- Priority Sector: -

Above Rs.50.00 lakh = if Credit Rating is undertaken interest rate as below

Rating

Marks

BPLR=12.00%

Interest Rates

AAA

85 & above

BPLR - 2.50%

9.50%

AA

80 to 84

BPLR - 1.50%

10.50%

A

75 to 79

BPLR - -0.50%

11.50%

BBB

70 to 74

BPLR - 0.00%

12.00%

BB

65 to 69

BPLR + 0.50%

12.50%

B

Below 65

BPLR + 1.00%

13.00%

 

E)
i) New Loans sanctioned above Rs.50 Lakh in which credit rating is not undertaken.

a. Priority Sector: - @9.50%
b. Non-Priority Sector: - @10.00%

(Note:- Fixed for two years and thereafter applicable as per Credit Rating)

ii) Existing Loans of above Rs.50 Lakh in which credit rating is not undertaken.

a. Priority Sector: - @12.00%
b. Non-Priority Sector: - @13.00%

(Note:- They may be advised to applyfor Credit Rating)

9 Loans to Educational Institutions and Hospitals owned by Public Trusts - Floating Rate 11.50%

10

Professional Loans to Doctors (Purchase of Premises for Dispensary, Hospital & Hospital Equipment’s) - Floating Rate

i) New loan = 11.00%

ii) Old Loans = As Per Credit Rating (Sr.No.8-C)

11

Higher Education Loan - Floating Rate

i) Loan up to Rs.20.00Lakhs-(Priority Sector) @ 10.50%

ii)Loan above Rs.20.00 Lakhs-(Non-Priority Sector) @ 11%

12

House/ Shop Repairing / Renovation up to (With Mortgage of House/Shop)

(Maximum Loan Limit Rs.10 Lakh) - Floating Rate

10.00%

13

Advance to Builders & Developers - Floating Rate

i) Priority Sector: - @ 13.00%

ii) Non- Priority Sector: - @ 14.00%

 

14

Advance to Govt.& Other Civil Contractors - Floating Rate

i) Priority Sector: - @ 12.50%

ii) Non- Priority Sector: - @ 13.00%

 

15

Property Mortgage Loans

(Maximum Limit Rs.300.00 Lakh) - Floating Rate

13.00%

16

TOD & Cheque Purchase facility

17.50%

17

Consortium Advance

As fixed by the consortium participants from time to time

18

Advance against Premises taken on Rent by our Bank - Floating Rate

10.00%

19

Member Housing Loan (Floating)

 

All Housing Loan
(Amount up to Rs. 200 Lakhs)

General

(Other than Ladies)

Gruhalaxmi Home Loan (for Ladies)

i) Credit Vision Score above - 700

8.30%

8.20%

ii) Credit Vision Score up to - 700

8.50%

8.40%

20

Loan against Rent Receivable - Floating Rate

12.50%

21

Overdraft against property mortgage - Floating Rate

13.00%

Note: Interest will be charged on monthly basis on daily reducing balance.
B) Fixed Interest Rate:
Sr Type of Loan Interest Rates w.e.f. 02/12/2024

1

GS-LAP
(Max. Rs.50.00 Lakhs & Max. period - 84 months)
Credit Vision Score 700 & Above - 9.00%

*Note: For other terms and conditions please contact your nearest branch