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Updates:
Rate of Interest
Loans (W.E.F. January 01, 2024)
| S No. | Type of Loan | Rate of Interest % p.a. |
|---|---|---|
| 1. | Unsecured loans : Surety loans, OD against personal surety up-to 5.00 lakhs |
12.00% to 14.00% |
| 2. | Home Loan | 9.75% to 11.75% |
| 3. | Vehicle Loans
(Individuals) |
9.10% |
| 4. | Vehicle Loans
(Commercial & Two Wheeler) |
11.00% |
| 5. | Gold Loan | 11.00% |
| 6. | Loan against Property (LAP) | 9.75% to 11.75% |
| 7. | Cash Credit Limit/Working capital Limit
(Against Stock/Book Debts) Overdraft for Business) |
10.00% to 12.00% |
| 8. | Purchase / Installation of Plant & Machinery / Acquiring Capital Equipments | 12.00% |
| 9. | Against Future realizations
(Lease Rent Discounting) |
15.00% |
| 10. | Loan & Advances Against
NSC/KVP/LIC |
9.75% |
| 11. | Smart OD/Easy Loan | 12.00% to 14.00% |
| 12. | For Construction/Acquiring/ Renovations/Additions to Industrial/ Residential/Commercial Property | 12.50% |
| 13. | Construction Loans Bawana/Bhorgarh/Narela Industrial Unit | 11.00% |
Deposits (W.E.F. 1st January 2024)
| S No. | Period of Deposit | Rate of Interest % p.a. |
|---|---|---|
| 1. | 30 days to 90 days | 4.50% |
| 2. | 91 days to 180 days | 5.00% |
| 3. | 181 days to 1 year | 6.00% |
| 4. | Above 1 year to 3 years | 7.25% |
| 5. | Above 3 years | 7.00% |
An additional 0.50% p.a. interest on the terms deposits of one year and above is being paid to senior citizen. Furthermore, an additional interest of 0.25% over and above the Card Rate will be paid to all the members of the bank on their fresh/ renewed terms deposits with the bank w.e.f 01.01.2024.
On A/c of premature payment of Term Deposits 1% less (of card rate) will be paid for which the deposit remained with the Bank, and not at the contracted rate.
Saving Bank Deposit A/c – 3.00%
Subject to change from time to time.