Rate of Interests on Savings & various Term Deposits

Sr. No. Period of Term Deposit Interest Rate p.a.
(w.e.f. 15-02-2017)
Upto Rupees 1Crore More than 1 Crore
rupees
1 Savings Account (Deposits below Rs. 1.00 Lakhs and Deposits above Rs. 1.00 Lakh) 4.50 4.50
2 7 Days to 14 Days 4.50 4.25
3 15 Days to 29 Days 5.00 4.75
4 30 Days to 90 Days 5.25 5.00
5 91 Days to 180 Days 6.75 6.50
6 181 Days to less than 1 Year 6.75 6.75
7 1 Year to less than 3 Years 7.00 6.90
8 3 Years and above period (maximum 10 Years) 6.75 6.75
9 Tax Benefit Deposit Scheme (2016) 7.25 7.25
     
  1. Additional rate of interest @ 0.50% will be given to Senior Citizens in addition to above existing interest rate.
  2. The rate of interest applicable for savings bank account as well as term deposits exceeding 1 year of NRE/NRO accounts are applicable as mentioned above.

Rate of Interest on Loans & Advances

Department Particulars Interest Rate p.a.
(w.e.f. 01.11.2016)
Agro Industries Co-operative Sugar factories, Spinning mills, Marketing, Processing Institutes etc.
A) Short Term Loans
1) Clean Cash Credit / Short Term Loans 14.00
2) a) Pledge :- For Co-operative Sugar Factories 11.50
    b) Pledge :- For Private Sugar Factories 11.50
    c) Pledge :- Other Co-operative Institution 11.50
3) Hypothecation 14.00
4) Salary Earners Credit Societies (Clean Loan) 12.50
5)Co-gen Bill discounting Scheme (Floating) (will be reset after every 6 months i.e. on 1st May and 1st Nov.) 13.50
6) SEFASU 2014 13.00
7) SEFASU 2015 12.50
8) Working Capital Loan- takeover policy Co.op Sugar Factory : 11.50
Pvt. Sugar Factory : 11.75
B) Term Loan
1) Term loan (Sugar factories and Spinning mills) (excluding new sugar factories) 12.75
2) Extension to M.T. Loan & Reschedulement of loan installments, Co- Generation , Machinery modernization, Ethanol project of Co-op Sugar Factories (Interest Rate will reset from 1st May and 1st Nov. [Six Monthly] ) 12.75
3) Term Loan of Sugar Factories for running other Sugar factory on lease basis for longer duration /collaboration /partnership 12.75
4) MT Loan for Private Sugar Factories for errection of co-generation, machinery modernisatin and ethanol project. 0.50% more than Interest charged to Co-op SSK from time to time:13.25
5) MT Loan to co-op./ private sugar factories for take over loan of other bank 13.50
6) MT Loan to new co-op./ private sugar factories (Greenfield project) for errection, Co-generation & ethonol project. (Intrest rate will be reset on 1st May and 1st Nov. Six Monthly) Co-Op. Sugar Factories- 13.25% Private Sugar Factories- 13.25%
7) MT Loan to Professional Educational Institutions / Trusts for creating infrastructure, to provide educational facility and for takeover loan of other bank. 13.75
8) For Entrepreneurs & Businessmen outside co-operative Sector for modernization and expansion of project and business Mid Term - 13.75 Working Capital-13.25
9) Term loan (Registered Co-op. Housing Sty.) for Construction of new building / Purchasing building/ Renovation, Repairing & expansion of old building etc. 12.00
10) Baliraja Shikhar Thibak sanch/ sub surface jalsinchan for Co-opertive / Private sugar Factories (Drip Irrigation - CPID circular dt. 18/08/2016) 11.50
11)Consortium Loan (Floating Rate of Int. – Floating interest rate will be reset every year i.e. on 1st May)

MSCB Group

Rating

Int. Rate

Int. Rate

AGENCY

GREAD/ SCORE

Up to 3 Years

3 to 5 Years

Floating

Fixed

Floating

Fixed

A

CRISIL

AAA

11.00

12.00

11.25

12.25

ICRA

AA

CIBIL

800 to 900

B

CRISIL

A

11.25

12.25

11.50

12.50

ICRA

A

CIBIL

700 TO 799

C) Microfinance
1)Self Help Groups (SHGs),Direct Finance S.T. 9.50
M.T. 8.50
IBD 1) Preshipment Upto 270 days - 11.25
2) Post shipment Upto 270 days - 11.25
3) Third party Exports 12.25
Banking /Retail banking A) Short Term Loan (Small Traders)
1) Cash Credit / Overdraft 13.50
2) Gold Loan (Fixed & Cash Credit) Term Loan : 11.50
Cash Creadit: 11.50
3) Temporary Overdraft (TOD) 14.50
4) Working Capital Loans to self employed / Traders / Small - Medium Entrepreneurs for their business 12.50
5) Sanjeevani Hypothecation Cash Credit 12.50
B) Term Loan
1) Gruhaswapnapurti loan for Housing and Commercial Shop
a) For new housing and commerical shop & takeover loan. 5 Year : 9.50
10 Years : 9.70
15 Years : 9.90
20 Years : 10.75
(Intrest rate 2% more on commercial shop)
b) Mortage loan
Old Customer
5 Year : 11.75
10 Years : 12.25
15 Years : 12.75
(Intrest rate 2% more on commercial shop)
New Customer
3 Year : 11.50
Max 7 Years : 12.00
(Intrest rate 2% more on commercial shop)
2) Vehicle loan
I] Private Four Wheeler Vehicle 10.75
II] Two Wheeler Vehicle 12.50
III] Commercial Vehicle 12.50
3) Personal Loan 14.50
4) Medium term loan to Self employed / Traders / Small-Medium Entrepreneurs for their business. 12.50
5) Loan against NSC / LIC Policy etc. 12.50
6) Loan against FDR (OD and Fixed Loans) 0.75% more than the original Contract Rate of Fixed Deposit.
7) Shikhar Mortgage Loan Scheme (Mortgage Loan) Loan to landlord by mortgaging the premises given to bank on rent. (Interest rate will reset on 1st May and 1st November (six monthly) 13.50
8)Shikhar Mortgage Loan (Mortgage Loan) other borrowers (Traders and businessmen) (Interest rate will reset on 1st May and 1st November (six monthly) 13.50
9) ) Shikhar Mortgage Loan (Mortgage Loan) for APMC Nashik. (Interest rate will reset on 1st May and 1st November (six monthly) 13.50
Under Retail banking Gold Loan, Sanjeevan Hypothecation, Shishak Samruddhi, Personal Loan, Vehicle loan , Gruhaswapnapurti Housing Loan Schemes, Shikhar Mortgage loan Interest rate (Floating) will reset on 1st May and 1st November (six monthly)
CFAs Deptt A) Short Term Loan
1) Short Term (SAO) Loans (from Own fund) (Drawl after 1.4.2016) DCCBs with NPA up to 20% - 9.50 DCCBs with NPA above 20% - 9.75
2) Repledge (Sugar) Co.-op. sugar factory - 10.25
Private sugar factory - 10.25
3) Refinance against Salary earners Societies 12.00
4) Refinance against the finance made by Banks for Gold loan / Pledge of goods etc. 10.50
5) Wage and means (Clean) 14.00
6) ST (SAO) to MT conversion (MSC Bank Share) 8.70
7) ST (SAO) to MT conversion (State Govt. Share) 8.70
B) Term Loan
1) Investment credit under Banking Plan (from own fund) On Owned Fund: 10.25
On NABARD Refinance: 6.00
2) Refinance to DCC Bank against the housing loan finance. 9.75
Urban Co-op. Banks A) Short Term Loan
1) Cash Credit 12.25
2) O.D. Limit against Govt. securities. 9.50
B) Term Loan
1) Property loan for construction and Purchasing of H.O. and Branch’s building. 12.25
2) Loans for Computerization of H.O. and Branches. 11.00
3) Refinance against the housing loan. 9.75
4) Co-finance with UCB As per interest rate charged by the UCBs. However, not less than : 9.50