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Sl. No.
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Loan facility/product
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Interest Rate
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1.
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Loans/overdrafts against our Bank’s deposits (Domestic Rupee deposits & NRE deposits) to depositors against own deposits
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For loan amounts up to 75% of the deposit amount: 1% over the interest rate paid on the relative deposit.
For loan amounts above 75% & up to 90% of the deposit amount: An additional interest rate of 1% will be chargeable for the amount of the loan drawn in excess of 75% of the deposit amount.
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2.
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Loans/overdrafts against our Bank’s deposits (Domestic Rupee deposits & NRE deposits) to borrowers other than depositors against third-party deposits
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Base Rate + applicable spread/customer specific charges or 2% over the interest rate paid on the relative deposit, whichever is higher.
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3.
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Drawals against un-cleared effects
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Base Rate + 7.35% (PER: 16.10% p.a.)
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4.
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Purchase of local clearing instruments
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Base Rate + 7.35% (PER: 16.10% p.a.)
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5.
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Overdues by way of devolved LCs (LCBR) and invoked LGs
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Base Rate + 7.35% + 2% (PER: 18.10% p.a.)
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6.
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Micro credit to SHGs
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Base Rate + 4% (PER: 12.75% p.a.)
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7.
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Loan facilities under Govt. sponsored schemes, SGSY, PMEGP and SJSRY
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Base Rate + 4.25% (PER: 13.00% p.a.)
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7.
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Lakshmi Rental Loan to individuals
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Base Rate + 5.75% (PER: 14.50% p.a.)
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8
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Lakshmi Rental Loan to firms/corporates
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Base Rate + applicable spread/customer specific charges
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9.
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Advances to Rice Mills at selected centers
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WC credit facilities (other than Goods loan & KCC limits): Base Rate + 2.25% (PER: 11% p.a.)
Goods loan & KCC limits: Base Rate + 2.75% (PER: 11.50% p.a.)
TL facilities: Base Rate + 2.75% (PER: 11.50% p.a.)
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10.
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Advances to Timber traders at selected centers
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WC credit facilities below Rs.25.00 lacs: Base Rate + 6.75% (PER: 15.50% p.a.)
WC credit facilities above Rs.25.00 lacs: Base Rate + 5.75% (PER: 14.50% p.a.)
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