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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 


b. Without Cheque Book facility 


c. No Frill Account 



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 BGVBCR3 
BR+ 1.25% i.e. 11.50 % 
2 
Accounts with Credit Risk Rating inferior to BGVBCR3 
BR+ 2.50% i.e. 12.75 % 
3 
Cold Storage with Credit Risk Rating of BGVBCR3 
BR+ 1.00% i.e. 11.25 % 
4 
Cold Storage with Credit Risk Rating inferior to BGVBCR3 
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 
BGVBCR0 
BR+ 2.50% i.e. 12.75 % 
BR+ 2.25 % i.e. 12.50 % 
2 
BGVBCR1 
BR+ 3.00% i.e. 13 .25 % 
BR+ 2.75 % i.e. 13.00 % 
3 
BGVBCR2 
BR+ 3.50 % i.e. 13.75 % 
BR+ 3.25 % i.e. 13.50 % 
4 
BGVBCR3 
BR+ 4.00% i.e. 14.25 % 
BR+ 3.75 % i.e. 14.00 % 
5 
BGVBCR4 
BR+ 4.25 % i.e. 14.50 % 
BR+ 4.00% i.e. 14.25 % 
6 
BGVBCR5 
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 
BGVBCR0 
BR+ 1.00% 
Nil 
11.25% 
2 
BGVBCR1 
BR+ 2.00% 
0.50% 
11.75% 
3 
BGVBCR2 
BR+ 3.25% 
0.75% 
12.75% 
4 
BGVBCR3 
BR+ 4.25% 
1.25% 
13.25% 
5 
BGVBCR4 
BR+ 4.75% 
Nil 
15.00% 
6 
BGVBCR5 
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 
BGVBCR0 
BR+ 1.50% 
0.50% 
11.25% 
2 
BGVBCR1 
BR+ 2.50% 
1.00% 
11.75% 
3 
BGVBCR2 
BR+ 3.75% 
1.25% 
12.75% 
4 
BGVBCR3 
BR+ 4.75% 
1.75% 
13.25% 
5 
BGVBCR4 
BR+ 5.25% 
0.50% 
15.00% 
6 
BGVBCR5 
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 
BGVBCR0 
BR+ 4.00% 
2.00% 
12.25% 
2 
BGVBCR1 
BR+ 4.50% 
2.00% 
12.75% 
3 
BGVBCR2 
BR+ 5.00% 
2.25% 
13.00% 
4 
BGVBCR3 
BR+ 5.50% 
2.50% 
13.25% 
5 
BGVBCR4 
BR+ 5.75% 
0.75% 
15.25% 
6 
BGVBCR5 
BR+ 6.00% 
Nil 
16.25% 
Sl No. 
B. Aggregate Limit over Rs 15.00 crore 
Card Rate 
Concession 
Effective Rate 
1 
BGVBCR0 
BR+ 3.75% 
2.00% 
12.00% 
2 
BGVBCR1 
BR+ 4.25% 
2.00% 
12.50% 
3 
BGVBCR2 
BR+ 5.00% 
2.50% 
12.75% 
4 
BGVBCR3 
BR+ 5.50% 
2.75% 
13.00% 
5 
BGVBCR4 
BR+ 5.75% 
0.75% 
15.25% 
6 
BGVBCR5 
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. 
BGVBCR0 
BR+ 4.00 % i.e. 14.25% 
ii. 
BGVBCR1 
BR+ 4.50 % i.e. 14.75% 
iii. 
BGVBCR2 
BR+ 5.00 % i.e. 15.25% 
iv. 
BGVBCR3 
BR+ 5.50 % i.e. 15.75% 
v. 
BGVBCR4 
BR+ 5.75 % i.e. 16.00% 
vi. 
BGVBCR5 
BR+ 6.00% i.e. 16.25% 
e. 
Aggregate Limit over Rs 10.00 crore 

i. 
BGVBCR0 
BR+ 3.75 % i.e. 14.00% 
ii. 
BGVBCR1 
BR+ 4.25 % i.e. 14.50% 
iii. 
BGVBCR2 
BR+ 5.00 % i.e. 15.25% 
iv. 
BGVBCR3 
BR+ 5.50 % i.e. 15.75% 
v. 
BGVBCR4 
BR+ 5.75 % i.e. 16.00% 
vi. 
BGVBCR5 
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. 
BGVBCR0 
BR+ 2.00 % i.e. 12.25 % 
ii. 
BGVBCR1 
BR+ 2.75% i.e. 13.00 % 
iii. 
BGVBCR2 
BR+ 3.75% i.e. 14.00 % 
iv. 
BGVBCR3 
BR+ 4.50% i.e. 14.75 % 
v. 
BGVBCR4 
BR+ 5.00% i.e. 15.25 % 
vi. 
BGVBCR5 
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 (Nonschematic and Nonpriority 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 (Nonschematic and Nonpriority 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 

