Rate of interest has been revised w.e.f 1st May 2024 only on fresh loans as applicable

S. No.

Facility

Existing rates with effect from 19.04.2023 vide Circular No.CIR00192 dated 27.04.2023

Revised rates with effect from 01.05.2024 (compounded monthly)

1.      

Cash Credit Limits

9.50 % p.a.

9.75 % p.a.

2.      

OD Limits

9.75 % p.a.

10.00 % p.a.

3.      

DOD Limits

10.00 % p.a.

10.25 % p.a.

4.      

Mortgage Loans

9.50 % p.a.

9.75 % p.a.

5.      

Home Loans

8.50 % p.a.

8.75 % p.a.

6.      

Education Loans

9.00 % p.a.

9.25 % p.a.

7.      

Unsecured loans to Govt./other employees with check-off facility

12.00 % p.a.

12.25 % p.a.

8.      

Unsecured loans to Govt./other employees without check-off facility

15.00 % p.a.

15.25 % p.a.

9.      

Demand Loans/Overdraft against the security of Bank’s own FDR

1.00 % above the rate of interest payable on Term Deposit against which DL/OD is sanctioned

No change

10.   

Loans against the security of NSC/KVP

10.00 % p.a.

10.25 % p.a.

11.   

Loans against Hypothecation of vehicle

9.00 % p.a.

9.25 % p.a.

12.   

Loans against assignment of LIC policies

10.00 % p.a.

10.25 % p.a.