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Interest Rates
Interest Rate on Deposit: |
Savings Deposit:
|
Rate of Interest |
Minimum
Balance |
Domestic Savings Bank Account |
|
|
a. With Cheque Book Facility |
|
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b. Without Cheque Book facility |
|
|
c. No Frill Account |
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|
|
Domestic Retail Term Deposit:
Sl No. |
Period of Deposit |
Revised Rate
w.e.f 01.05.2011 |
|
|
Other than Senior Citizen |
Senior Citizen |
|
1 |
15 days to 29 days |
|
2 |
30 days to 45 days |
|
3 |
46 days to 90 days |
|
4 |
91 days to 180 days |
|
5 |
181 days to 269 days |
|
6 |
270 days to less than 1 year |
|
7 |
1 year to less than 3 years |
|
8 |
3 years and above |
|
|
Premature closure of Term Deposit would attract penalty as
per following table:
Particulars |
Penalty |
Premature withdrawal within 14 days
from the date of deposit |
No interest will be paid |
Premature withdrawal beyond 14 days
from the date of deposit |
1% penal interest will be levied |
Renewal Deposit for higher rate of
deposit |
No penal charges |
|
Interest Rate on Loans & Adv (Rates of interest w.e.f 01.07.2013): |
A. Advance to Micro & Small Industries /Enterprises (Including Retail Trade upto Rs 20.00 lakh) without CGTMSE Cover:
Sl No. |
Category of Advance |
Rate of interest |
1 |
Limit upto Rs 25000/- |
BR i.e 10.25% |
2 |
Limit over Rs 25000/- and upto Rs 50000/- |
BR+ 0.50% i.e 10.75% |
3 |
Limit over Rs 50000/- and upto Rs 10.00 lakh- |
BR+ 1.50% i.e 11.75% |
4 |
Limit over Rs 10.00 lakh- and upto Rs 100.00 lakh |
BR+ 2.00% i.e 12.25% |
|
B. Advance to Micro & Small Industries /Enterprises (Including Retail Trade upto Rs 20.00 lakh) with CGTMSE Cover:
Sl No. |
Category of Advance |
Rate of interest |
1 |
Limit upto Rs 25000/- |
BR i.e 10.25% |
2 |
Limit over Rs 25000/- and upto Rs 50000/- |
BR+ 0.50% i.e 10.75 % |
3 |
Limit over Rs 50000/- and upto Rs 10.00 lakh- |
BR+ 1.00% i.e 11.25 % |
4 |
Limit over Rs 10.00 lakh- and upto Rs 100.00 lakh |
BR+ 1.50% i.e 11.75 % |
|
C. Special rates of Interest for Rice Mill, Flour Mill, Oil & Dal Mill falling under Priority Sector (Micro & Small Enterprise- Manufacturing) :
Sl No. |
Category of Advance |
Rate of interest |
1 |
Accounts with Credit Risk Rating upto BGVBCR-3 |
BR+ 1.25% i.e. 11.50 % |
2 |
Accounts with Credit Risk Rating inferior to BGVBCR-3 |
BR+ 2.50% i.e. 12.75 % |
3 |
Cold Storage with Credit Risk Rating of BGVBCR-3 |
BR+ 1.00% i.e. 11.25 % |
4 |
Cold Storage with Credit Risk Rating inferior to BGVBCR-3 |
BR+ 1.50% i.e. 11.75 % |
|
D. Rates of Interest for Rice Mill, Flour Mill, Oil & Dal Mill falling under Non- Priority Sector for Loans above Rs 10.00 lakh
:
Sl No. |
Category of Advance |
Limit above Rs 10.00 lakh and upto 10.00 crore |
Limit above Rs 10.00 lakh |
1 |
BGVBCR-0 |
BR+ 2.50% i.e. 12.75 % |
BR+ 2.25 % i.e. 12.50 % |
2 |
BGVBCR-1 |
BR+ 3.00% i.e. 13 .25 % |
BR+ 2.75 % i.e. 13.00 % |
3 |
BGVBCR-2 |
BR+ 3.50 % i.e. 13.75 % |
BR+ 3.25 % i.e. 13.50 % |
4 |
BGVBCR-3 |
BR+ 4.00% i.e. 14.25 % |
BR+ 3.75 % i.e. 14.00 % |
5 |
BGVBCR-4 |
BR+ 4.25 % i.e. 14.50 % |
BR+ 4.00% i.e. 14.25 % |
6 |
BGVBCR-5 |
BR+ 4.25 % i.e. 14.50 % |
BR+ 4.25 % i.e. 14.50 % |
|
E. Loans having limit above Rs 1.00 crore under Micro Enterprise Sector (Both Manufacturing & Service):
Sl No. |
Category of Advance |
Card Rate |
Concession |
Effective Rate |
1 |
BGVBCR-0 |
BR+ 1.00% |
Nil |
11.25% |
2 |
BGVBCR-1 |
BR+ 2.00% |
0.50% |
11.75% |
3 |
BGVBCR-2 |
BR+ 3.25% |
0.75% |
12.75% |
4 |
BGVBCR-3 |
BR+ 4.25% |
1.25% |
13.25% |
5 |
BGVBCR-4 |
BR+ 4.75% |
Nil |
15.00% |
6 |
BGVBCR-5 |
BR+ 6.00% |
Nil |
16.25% |
|
F. Loans having limit above Rs 1.00 crore under Small Enterprise Sector (Both Manufacturing & Service):
Sl No. |
Category of Advance |
Card Rate |
Concession |
Effective Rate |
1 |
BGVBCR-0 |
BR+ 1.50% |
0.50% |
11.25% |
2 |
BGVBCR-1 |
BR+ 2.50% |
1.00% |
11.75% |
3 |
BGVBCR-2 |
BR+ 3.75% |
1.25% |
12.75% |
4 |
BGVBCR-3 |
BR+ 4.75% |
1.75% |
13.25% |
5 |
BGVBCR-4 |
BR+ 5.25% |
0.50% |
15.00% |
6 |
BGVBCR-5 |
BR+ 6.00% |
Nil |
16.25% |
|
G. Loans under Non Priority Medium Enterprise (Both Manufacturing & Service):
Sl No. |
A. Aggregate Limit over Rs 10.00 lakh and upto Rs 15.00 crore |
Card Rate |
Concession |
Effective Rate |
1 |
BGVBCR-0 |
BR+ 4.00% |
2.00% |
12.25% |
2 |
BGVBCR-1 |
BR+ 4.50% |
2.00% |
12.75% |
3 |
BGVBCR-2 |
BR+ 5.00% |
2.25% |
13.00% |
4 |
BGVBCR-3 |
BR+ 5.50% |
2.50% |
13.25% |
5 |
BGVBCR-4 |
BR+ 5.75% |
0.75% |
15.25% |
6 |
BGVBCR-5 |
BR+ 6.00% |
Nil |
16.25% |
Sl No. |
B. Aggregate Limit over Rs 15.00 crore |
Card Rate |
Concession |
Effective Rate |
1 |
BGVBCR-0 |
BR+ 3.75% |
2.00% |
12.00% |
2 |
BGVBCR-1 |
BR+ 4.25% |
2.00% |
12.50% |
3 |
BGVBCR-2 |
BR+ 5.00% |
2.50% |
12.75% |
4 |
BGVBCR-3 |
BR+ 5.50% |
2.75% |
13.00% |
5 |
BGVBCR-4 |
BR+ 5.75% |
0.75% |
15.25% |
6 |
BGVBCR-5 |
BR+ 6.00% |
Nil |
16.25% |
|
Rate of Interest on Advance Products other than Retail Credit/MSME Base Rate (BR) -10.25% p. a w.e. f 01.05.2013
:
Sl No. |
Category of Advance |
Rate of Interest |
1 |
For Term Loan/Cash Credit (Non Schematic / Non Priority- Non- MSME) |
|
a. |
Limit upto Rs 25000/- |
BR+ 3.25 % i.e. 13.50% |
b. |
Limit over Rs 25000/- and upto Rs 2.00 lakh |
BR+ 3.50 % i.e. 13.75% |
c. |
Limit over Rs 25000/- and upto Rs 10.00 lakh |
BR+ 4.75 % i.e. 15.00% |
d. |
Aggregate Limit over Rs 10.00 lakh to Rs 10.00 crore |
|
i. |
BGVBCR-0 |
BR+ 4.00 % i.e. 14.25% |
ii. |
BGVBCR-1 |
BR+ 4.50 % i.e. 14.75% |
iii. |
BGVBCR-2 |
BR+ 5.00 % i.e. 15.25% |
iv. |
BGVBCR-3 |
BR+ 5.50 % i.e. 15.75% |
v. |
BGVBCR-4 |
BR+ 5.75 % i.e. 16.00% |
vi. |
BGVBCR-5 |
BR+ 6.00% i.e. 16.25% |
e. |
Aggregate Limit over Rs 10.00 crore |
|
i. |
BGVBCR-0 |
BR+ 3.75 % i.e. 14.00% |
ii. |
BGVBCR-1 |
BR+ 4.25 % i.e. 14.50% |
iii. |
BGVBCR-2 |
BR+ 5.00 % i.e. 15.25% |
iv. |
BGVBCR-3 |
BR+ 5.50 % i.e. 15.75% |
v. |
BGVBCR-4 |
BR+ 5.75 % i.e. 16.00% |
vi. |
BGVBCR-5 |
BR+ 6.00% i.e. 16.25% |
Tenor Premium @ 0.25% is to be added to the card rate for Project Loan, where interest reset clause is more than one year. |
|
Sl No. |
Category of Advance |
Rate of Interest |
2. |
Agriculture (Term Loan/Cash Credit/KCC/Self Help Group(SHG)/NGO/MFI/Micro Credit/all schematic agriculture loan products i.e BGVB Krishak Jyoti,ZBGVB Mahajan Mukti etc |
|
i. |
Limit upto Rs 50000/- |
BR+ 0.25% i.e. 10.50 % |
ii. |
Limit above Rs 50000/- and upto Rs 200000/- |
BR+ 1.75% i.e. 12.00 % |
iii. |
Limit above Rs 200000/- and upto Rs 500000/- |
BR+ 2.75% i.e. 13.00 % |
iv. |
Limit above Rs 500000/- and upto Rs 1000000/- |
BR+ 3.75% i.e. 14.00 % |
|
Limit above Rs 1000000/- rate of interest as per credit risk rating are as under. |
|
i. |
BGVBCR-0 |
BR+ 2.00 % i.e. 12.25 % |
ii. |
BGVBCR-1 |
BR+ 2.75% i.e. 13.00 % |
iii. |
BGVBCR-2 |
BR+ 3.75% i.e. 14.00 % |
iv. |
BGVBCR-3 |
BR+ 4.50% i.e. 14.75 % |
v. |
BGVBCR-4 |
BR+ 5.00% i.e. 15.25 % |
vi. |
BGVBCR-5 |
BR+ 6.00% i.e. 16.25 % |
|
Sl No. |
Category of Advance |
Rate of Interest |
3. |
Crop Loan |
|
i. |
Upto Rs 3.00 lakh per borrower |
a) A) 7% p.a payable as per norms on due dates or half yearly basis. (Subject to interest subvention to be guided by Circular no BGVB/ HO/ ACCOUNTS /430 /2011 dated 27.01.2011.
B) After overdue @9% p.a. |
ii. |
Beyond Rs 3.00 lakh per borrower |
Rate applicable in case of Agricultural Term Loan scheduled Para 7 above. |
|
Sl No. |
Category of Advance |
Rate of Interest |
4. |
Relief Measure |
|
i. |
Funding of unpaid interest to be converted into FITL |
Nil |
ii. |
Conversion of irregular portion of cash credit account into WCTL |
1.5% below the applicable rate for MSE category |
iii. |
Working Capital including additional capital |
1.5% below the applicable rate for MSE category but not below the base rate. |
iv. |
Existing Term Loan |
3.00 % below the applicable rate for Micro Enterprise and 2.00% below the applicable rate for Small Enterprise but not below the base rate. |
v. |
Fresh Rehabilitation Term Loan |
1.5% below the applicable rate for MSE category but not below the base rate |
|
Sl No. |
Category of Advance |
Rate of Interest |
5. |
Ad Hoc Limit |
|
i. |
Any admissible amount |
2% p. a over and above the rate applicable to normal limit. |
|
E. Special rates of interest for Bank's own scheme under
Priority Sector:
Sl No. |
Scheme |
Rate of
Interest |
|
|
|
1 |
Rice Mill with credit rating of BGVBCR3 or better |
|
2 |
Rice Mill with credit rating inferior to BGVBCR3 |
|
3 |
Cold Storage with risk rating BGVBCR3 or better |
|
4 |
Cold Storage with risk rating inferior to BGVBCR3 |
|
|
F. Agriculture advances having limits over ' 10.00 lakh,
applicable rate of interest as per Credit Risk Rating is as follows:
Sl No. |
|
Rate of Interest |
1 |
Upto Rs 3.00 lakh per borrower |
a. 7% p.a payable as per norms on due dates
or half yearly basis. (Subject to interest subvention to be guided by Circular
no BGVB/ HO/ ACCOUNTS /430 /2011 dated 27.01.2011.
b. After overdue
as applicable in case of Agricultural Term Loan scheduled in (C) or (D) above. |
2 |
Beyond Rs 3.00 lakh per borrower |
Rate applicable in case of Agricultural Term
Loan scheduled in (C) or (D) above |
|
G. Direct Finance to SHGs:
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Upto ' 50000.00 per member |
|
2 |
Over ' 50000.00 per member |
|
|
H. Indirect Finance to SHGs through NGOs/MFIs:
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
NGOs/MFIs for on lending to SHGs |
|
|
I. BGVB Sabujayan Prakalpa:
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Any admissible amount |
|
|
J. BGVB Krishak Jyoti Prakalpa:
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Any admissible amount |
|
|
K. Banga Kutir Prakalpa:
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Any admissible amount |
|
|
L. Term Loan/Cash Credit (Non-schematic and Non-priority including Medium Enterprise and Retail Trade
more than Rs.20 Lac):
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Upto ' 25000.00 |
|
2 |
Over ' 25000.00 to ' 200000.00 |
|
3 |
Over ' 200000.00 to ' 1000000.00 |
|
|
M. Term Loan / Cash Credit (Non-schematic and Non-priority including Medium Enterprise and Retail Trade
more than Rs.20 Lac) with sanctioned limit over ' 1000000.00 lakh only:
Sl No. |
Particulars |
Rate of
Interest |
|
|
|
1 |
BGVBCR0 |
|
2 |
BGVBCR1 |
|
3 |
BGVBCR2 |
|
4 |
BGVBCR3 |
|
5 |
BGVBCR4 |
|
6 |
BGVBCR5 |
|
|
N. Clean Overdraft:
Sl No. |
Particulars |
Rate of
Interest |
|
|
|
1 |
Staff |
|
2 |
Other than Staff |
|
|
O. BGVB Housing Loan Scheme:
Sl No. |
|
Rate of
Interest |
1 |
Fixed rate |
|
|
|
Repayment Period |
Upto ' 20.00 lakh |
Upto ' 20.00 lakh |
|
No Fixed
rate, only floating rate is applicable |
|
|
|
Upto 5 years |
10.75% p.a |
11.75% p.a |
|
|
|
|
|
Over 5 years upto 10
years |
11.25% p.a |
12.25% p.a |
|
|
|
|
|
Over 10 years |
No Fixed
Rate |
|
|
|
2 |
Floating Rate |
|
|
|
Repayment Period |
Upto ' 20.00 lakh |
Upto ' 20.00 lakh |
|
Repayment Period |
Upto ' 25.00 lakh |
Upto ' 35.00 lakh |
Over ' 35.00
lakh |
|
|
|
|
Upto 5
years |
8.50% p.a |
9.50% p.a |
|
Upto 5 years |
10.75% p.a |
11.00% p.a |
11.25% p.a |
|
|
|
|
Over 5
years upto 10 years |
9.50% p.a |
10.00% p.a |
|
Over 5 years upto 15
years |
11.00% p.a |
11.25% p.a |
11.50% p.a |
|
|
|
|
Over 10
years |
9.75% p.a |
10.50% p.a |
|
Over 15 years to 20
years |
11.25% p.a |
11.50% p.a |
11.75% p.a |
|
|
|
- A reduction of 0.25% p.a in the interest shall be allowed if 50% of the housing
loan is additionally secured by way of Bank's own Term Deposit or
- A reduction of 0.25% p.a in the interest shall be allowed if the housing loan is
covered under Housing Loan Protector Scheme with Bajaj Allianz Life Insurance
Company.
- No concession is available for loans up to 5 years except in case of housing
loans given to the staff members.
- In case of housing loan to the members of the staff of the Bank an additional
concession of 0.25% in the interest rate is allowed across the board. Under no
circumstances aggregate concession will exceed 0.50%.
|
P. BGVB Consumer Loan Scheme (Floating Rate):
Sl No. |
Particulars |
Rate of
Interest |
|
|
|
1 |
Individual |
|
|
Q. BGVB Car Loan Scheme (Floating
Rate):
Sl No. |
Repayment Period |
Rate of
Interest |
|
|
|
1 |
Up to 3 years (New Car) |
|
2 |
Over 3 Years (New Car) |
|
3 |
Up to 3 years (Old Car) |
|
4 |
Over 3 Years (Old Car) |
|
|
R. BGVB Griha Sangrakshan Yojana (Floating Rate):
Sl No. |
Repayment Period |
Rate of
Interest |
|
|
|
1 |
Upto 5 years |
|
2 |
Above 5 years upto 15 years |
|
|
S. BGVB Education Loan (Floating
Rate):
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Upto ' 4.00 lakh |
|
2 |
Above ' 4.00 lakh |
|
A concession of 1% p.a in the
rate of interest shall be allowed up to the moratorium period only if the
interest is serviced during the moratorium period.. |
|
T. BGVB Personal Loan (Floating
Rate):
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Any admissible amount |
|
|
U. BGVB Salary Payment Scheme (Floating Rate):
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Any admissible amount |
|
|
V. BGVB Festival Loan Scheme (Floating Rate):
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Any admissible amount |
|
|
W. BGVB Mortgage Loan / BGVB Trade Credit:
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Term Loan |
|
2 |
Overdraft (BGVB Trade Credit) |
|
{A concession of 0.25% will be
allowed for every 25(of the limit) financial collateral provided.} |
|
X. BGVB Cash Rental Scheme (Floating Rate):
Sl No. |
|
Rate of
Interest |
|
|
|
1 |
Other than landlords of BGVB Branches |
|
2 |
Landlords |
|
|
Y. Loans against Bank's Own Term Deposits:
Sl No. |
Particulars |
Rate of
Interest |
|
|
|
1 |
Loan/Overdraft against Bank's own Term Deposit at
10% margin on current accrued value of Deposit |
1.5% p.a over the rate of deposit
subject to minimum 10.00% p.a |
1.5% p.a over the rate of
deposit. |
|
2 |
Loan/Overdraft against Bank's Mini Deposit at 10%
margin on current accrued value of Deposit |
|
|
Z. Loan against LIP (SV)/NSC/KVP etc (Floating Rate):
Sl No. |
Particulars |
Rate of
Interest |
|
|
|
1 |
Term Loan |
|
2 |
Overdraft |
|
Maximum
admissible amount of such loan will be as under |
1 |
Against LIP (Surrender Value) |
90% of the S.V |
Against NSC/KVP,
depending upon the period remaining to maturity as follows |
1 |
1 year or less |
95% |
2 |
1 year to less than 2 years |
90% |
3 |
2 years to less than 3 years |
85% |
4 |
3 years to less than 4 years |
80% |
5 |
4 years to less than 5 years |
75% |
6 |
5 years and above |
70% |
|
Ad Hoc Limit:
Sl No. |
Sanctioned Limit |
Rate of
Interest |
|
|
|
1 |
Any admissible amount |
2% p.a over and above the
rate applicable to normal limit |
2% p.a over and above the rate
applicable to normal limit |
|
|