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Rate OF Interest
Rate Of Interest on Deposit
Rate Of Interest on Advance
 

INFORMATION ABOUT RATE OF INTEREST ON LOANS & ADVANCES

SEGMENT

REVISED RATE OF INTREST W.E.F. 09.08.2011

WORKING CAPITAL

TERM LOAN

AGRICULTURE CASH CREDIT *

Upto Rs. 50,000/-

11.50%

 

Above Rs. 50,000/- & upto Rs. 2.00 Lac

12.00%

 

Above Rs. 2.00 Lac & upto Rs. 5.00 Lac

13.00%

 

Above Rs.5.00 Lac & upto Rs.25.00 Lac

14.00%

 

Above Rs. 25.00 Lac

14.50%

 

AGRICULTURE TERM LOAN**

Upto Rs. 50,000/-

 

11.50%

Above Rs. 50,000/- & upto Rs. 2.00 Lac

 

12.50%

Above Rs. 2.00 Lac & upto Rs. 5.00 Lac

 

13.50%

Above Rs. 5.00 Lac & upto Rs. 25.00 Lac

 

14.50%

Above Rs. 25.00 Lac

 

14.50%

TRACTOR LOAN

Upto Rs. 3.00 Lac

 

13.50%

Above Rs. 3.00 Lac

 

13.50%

(Limit Depending upon H.P. as per separate guidelines)

The Farmer will be provided short term credit @ 7% p.a. with an upper limit of Rs. 3.00 lacs on

Principal Amount w.e.f. Kharif - 2010-11. The amount of Crop Loan disbursed from the date of Disbusement / Drawal upto the date of Payment or date beyond which the outstanding loans becomes overdue i.e. 2nd April, 2012 for Kharif and 2nd July, 2012 for Rabi, respectively, whichever is earlier.

In respect of Micro Irrigation System (MIS) Drip / Sprinkler Irrigation System and for GGRC cases, the interest to be charged                       as per ATL segment. Total Limit sanctioned (including Subsidy) is to be reckoned for the purpose of Interest Slab.

Revised Rate of interest is only applicable to NEW advances

Penal Rate : 2 % above applicable Rate

conti...

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