Untitled Document

Rate of Interest

DEPOSITS
Saving Bank accounts 4%
15 to 90 days 4%
91 days to 12 months 6%
181 days to 12 months                    6.50 %
Above 12 months 7.25%
Senior citizens will get 0.50% more than normal rates if the deposit is  kept for minimum 12 months 

Co-operative  Societies will get 0.50% more than normal card rate if the deposit is  kept for minimum 12 months 

Shalini Bhagya Laxmi Yojna 8.25%

ADVANCES
CC / OD /Project Term Loan to Builder 17%

Cash Credit accounts
General CC ( hypo of stock & debtors) 13%
 S S I 13%

Over draft against property (except builders)
Professional 11 %
Others
15%

Term Loans
Mort Term Loan  to Builder 17 %
Mort Term Loan to Others up to Rs.25 lakhs (without rebate) 13 %  
Above Rs.25 Lakhs (rebate applicable) 15%

Mort Term Loan to Professionals (without rebate)

 
11%
   

Term loan for purchase of Fixed assets (shop/office/machinery etc)
Professionals (No rebate) 11%
Others (No rebate) 11.5 %

Vehicle Loans
Two wheelers 11.50%
Two wheelers (where undertaking for repayment for employer is given) 11.50%
*Four wheeler (new) [applicable up to 01.04.2018]                9.25%
Four wheeler (old) 14%  
Auto Rickshaw 12.50%
Commercial Vehicle (New) 10%   
Commercial Vehicle (Old) 14%  

Gold Loan 13%

Personal Loans( unsecured/Clean) up to Rs.5.00 Lacs
Professional(OD/TL) 12%
For Travel purpose 11%
Salary Loans  ( OD/TL)
( for staff where undertaking
for deduction of EMI from Employer is obtained )
12%  
Others (with security)
14%                                                       
Others 16%
Rent Discounting 12%

Housing Loans      
Housing Loans              

9.00% up to Rs.25.00 Lakhs
& 9.25 % above Rs.25 Lakhs

Top up Housing loans   (Renovation/Repairs) 9.00%
Top up Housing loans ( Fresh) 11.50%
[Housing Loan rates  applicable up to 31.03.2018]  

Education Loans 12%

Micro Finance (weaker sector)

11%

Loan against NSC/KVP/LIC

10%


Loan /O D against FDR                          

for society                                             1%  over deposit  rate
Others 1.5%   over deposit rate

Personal Banking

172, Shraddhanand Peth,
South Ambazari Road,
Nagpur-440010
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TELEPHONE
0712 - 2221120, 2221686
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MOBILE
+91 9158884855,
+91 9158884844, +91 9158884845