Interest Rate Subvention on Credit Cards - PDF by lwl12230

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									                                                                   ANNEXURE - I

                   Base Rate (BR) : 8.75 % (w.e.f 01.11.2010)

      Rate of interest on DRI loans, Staff loans and Loan Against Deposits
                         (Not related to Base Rate (BR)


Sl.               Size of the Limit / Loan                        RoI
No.                                                             (% p.a)

01    D R I ADVANCES                                   4.00

02    Advances against Deposits for Agri purposes      1% over the rate of
      (both against own and third party deposits)      interest on deposits

03    Advances against (own) Deposits with a           2% over the rate of
      minimum margin of 20% (Other than agri           interest on deposits
      purpose)
      (For LAD/ODAD a/cs. of less than Rs. 25 lakhs)

04    Advances against (own) Deposits with a           1% over the rate of
      minimum margin of 20% (Other than Agri           interest on deposits
      purpose)
      (For LAD/ODAD a/cs. of Rs. 25 lacs & above)




                         Rate of Interest on Staff Loans:
                      (COVERED UNDER SPECIFIC SCHEMES)

                Name of the Scheme                                ROI
                                                                (% p.a.)
Staff Housing Loan – for all staff (Simple interest)
                             - Upto 3.00 lakhs         5.00
                             - Above 3.00 lakhs        8.00
Staff OD                                               10.00
Vehicle loan – under scheme (Simple interest)          8.50
Consumer loan – under scheme (Simple interest)         8.50
Education Loan for Sons/Daughters of Staff members     10.00




                                                                           Page 2 of 8
                                                                          Annexure II
      A. Rate of Interest on Advances for Agricultural purposes: (Related to Base
      Rate (BR)

Sl.   Size of the Limit / Loan                   Existing               Revised RoI
No                                               (w.e.f 01.07.2010)     (% p.a)
                                                                        w.e.f 01.11.2010
      Agricultural Jewel Loans:
01    Upto & inclusive of Rs. 2.00 lakhs         BR (8.50)              BR (8.75)
02    Over Rs. 2.00 lakhs and upto Rs. 3.00      BR plus 1.00 (9.50)    BR plus 1.00 (9.75)
      lakhs
03    Over Rs. 3.00 lakhs and upto Rs. 5.00      BR plus 2.50 (11.00)   BR plus 2.50 (11.25)
      lakhs
04    Over Rs. 5.00 lakhs                        BR plus 4.00 (12.50)   BR plus 4.00 (12.75)
      Other Agri. Credits : (inclusive of
      KCC)
05.   Upto & inclusive of Rs. 2.00 lakhs         BR (8.50)              BR (8.75)
06.   Over Rs. 2.00 lakhs but Upto & Inclusive   BR plus 1.00 (9.50)    BR plus 1.00 (9.75)
      of Rs.3.00 lakhs
07    Over Rs.3.00 lakhs but Upto Rs.5.00        BR plus 2.50 (11.00)   BR plus 2.50 (11.25)
      lakhs
08    Over Rs.5.00 lakhs                         BR plus 3.50 (12.00)   BR plus 3.50 12.25)
09    Advances to farmers against agricultural
      commodities/warehouse receipts/cold
      storage bonds
      a) upto Rs.5.00 lakhs                      BR plus 1.00 (9.50)    BR plus 1.00 (9.75)
      b) Over Rs.5.00 lakhs upto Rs.10.00        BR plus 1.75 (10.25)   BR plus 1.75 (10.50)
      lakhs
      c) Above Rs.10.00 lakhs                    BR plus 5.00 (13.50)   BR plus 5.00 (13.75)
10    Advances to Self Help Groups (SHGs)        BR plus 2.50 (11.00)   BR plus 2.50 (11.25)
11    Advances under Swarojkar Credit Cards
      (SCC)
      Upto Rs. 50000                             BR plus 0.50 (9.00)    BR plus 0.50 (9.25)
      Above Rs. 50000                            BR plus 6.00 (14.50)   BR plus 6.00 (14.75)
12    Advances under General credit Card
      (GCC) Upto Rs. 25,000/- only               BR plus 6.00 (14.50)   BR plus 6.00 (14.75)




                                                                                Page 3 of 8
      B. Rate of Interest on Non-agri & Other Commercial Advances
      ( Related to Base Rate (BR) )

Sl.                                               Existing                     Revised RoI
No    Size of the Limit                           RoI                           (% p.a.)
                                                                               01.11.2010
      Jewel Loans: (Non-Agri)
01    Jewel Loan (upto & inclusive of
      Rs.50,000/- for Non - Agri purpose /        BR plus 2.50 (11.00)         BR plus 2.50 (11.25)
      Personal consumption purposes
02    All Other Jewel Loan (Over Rs. 50,000 -
      for Non - Agricultural purpose / personal   BR plus 3.50 (12.00)         BR plus 3.50 (12.25)
      consumption purposes)
      Other Credits :
      (all categories of business credits)
03    Upto & Inclusive of Rs. 2.00 lakhs
               (For business purpose)             BR plus 6.00 (14.50)         BR plus 6.00 (14.75)
04    Over Rs. 2.00 lakhs**                       BR plus 7.50 (16.00)         BR plus 7.50 (16.25)
05    Lending for Commercial Real Estate          BR plus 8.00 (16.50)         BR plus 8.00 (16.75)
      and Capital Market Exposure
06    Housing loans (Other than under
      Swayam Graha Scheme)
      Upto Rs. 25 lakhs
      Above Rs. 25.00 lakhs                       BR   plus   7.50   (16.00)   BR   plus   7.50   (16.25)
      Upto 5 years                                BR   plus   3.50   (12.00)   BR   plus   3.50   (12.25)
      Over 5 yrs to 10 Yrs                        BR   plus   4.00   (12.50)   BR   plus   4.00   (12.75)
      Above 10 yrs and upto 15 yrs                BR   plus   4.50   (13.00)   BR   plus   4.50   (13.25)
07    Loans for purchase of Consumer
.     Durables, two/four wheelers and other
      consumer loans , personal loans             BR plus 7.50 (16.00)         BR plus 7.50 (16.25)
      (irrespective of the quantum of Advance
      i.e., those which are not coming under
      banks own loan schemes)
08    Advances against third party Deposits
      (other than agriculture credits)            BR plus 7.50 (16.00)         BR plus 7.50 (16.25)
09    TOD in current account                      BR plus 8.00 (16.50)         BR plus 8.00 (16.75)
10    For S.T increase in OD/CC limits            2% over & above the          2% over & above the
                                                  applicable rate              applicable rate

      **The rate of interest subjected to risk score - based on the risk rating made
      for the borrowers who are enjoying credit facilities of Rs. 10.00 lakh and above.




                                                                                           Page 4 of 8
      C. Rate of Interest for Advances under Special Loan Schemes of CUB:


Name of the Scheme                               Existing RoI                 Revised RoI (%)
                                                                              01.11.2010
CUB Consumer Loan                                BR   plus   6.50   (15.00)
CUB Easy Ride                                    BR   plus   5.00   (13.50)
CUB Yoga Vahana                                  BR   plus   5.00   (13.50)
CUB Sulabh                                       BR   plus   6.50   (15.00)
CUB Sona (overdraft)                             BR   plus   4.50   (13.00)
(including scheme to pawn brokers)
CUB Bazaar                                       BR plus 9.00 (17.50)
CUB Dharani (Special)
      - Above Rs. 50,000 & Upto Rs. 10.00        BR plus 4.00 (12.50)
lakhs
      - Above Rs. 10.00 lakhs & Upto Rs. 20.00   BR plus 4.50 (13.00)




                                                                                                              (Existing Rate to be continued)
lakhs
CUB Easy Business




                                                                                         No Change in RoI –
(ROI may vary within the ceiling of PLR          BR plus 6.00 (14.50)
depending upon the credit rating)

CUB Dharani
a) Upto & inclusive of Rs. 2.00 lakhs            BR plus 5.00 (13.50)
b) Over Rs. 2.00 lakhs                           BR plus 6.50 (15.00)

CUB Swayam Griha Scheme
Upto Rs. 20 lakhs
Upto 5 years                                     BR plus 1.00 (9.50)

Over 5 yrs to 10 Yrs                             BR plus 1.50 (10.00)

Above 10 yrs and upto 15 yrs                     BR plus 3.00 (11.50)

Above Rs. 20 lakhs and upto                      BR plus 1.50 (10.00)
Rs. 25.00 lakhs
Upto 5 years                                     BR plus 2.00 (10.50)

Over 5 yrs to 10 Yrs                             BR plus 3.50 (12.00)

Above 10 yrs and upto 15 yrs




                                                                                    Page 5 of 8
Name of the Scheme                                 Existing RoI             Revised RoI (%)
                                                                            01.11.2010

CUB Vidhya Vani
   => Upto Rs.4.00 lakhs
For Boys                                           BR plus 5.25 (13.75)




                                                                                                                 (Existing Rate to be continued)
For Girls                                          BR plus 4.75 (13.25)




                                                                                            No Change in RoI –
  => Above Rs.4.00 lakhs
For Boys                                           BR plus 6.00 (14.50)

For Girls                                          BR plus 5.50 (14.00)

Special Loan Scheme to RTOs. ***
For advances Secured by new vehicles alone         BR plus 3.25 (11.75)
(without any collateral)
For advances Secured by new vehicles & any         BR plus 2.75 (11.25)
other collateral (value of collateral – Min 50%)
*** for advances secured by Second Hand
Vehicles
a) upto & inclusive of Rs. 2.00 lakh               BR plus 6.00 (14.50)
b) above Rs. 2.00 lakh                             BR plus 7.50 (16.00)
For Tie-up arrangement for Tractors, Dairy         As per individual tie-up schemes in force
projects, Palm oil, Casuarina, etc



      D. Rate of Interest on Staff loans (Non-schematic)

      Nature of advance                      Existing               Revised RoI (% p.a.)
                                                                    w.e.f 01.11.2010

      Clean loans                            BR plus 6.25           BR plus 6.25 (15.00)
                                             (14.75)
      Secured loans – other than             BR plus 4.50           BR plus 4.50 (13.25)
      schemes                                (13.00)



      E. Rate of Interest on Collateral free loans for Micro and Small Enterprises
         under CGFT scheme (for Collateral Free Loans)

      Nature of advance                      Existing               Revised RoI (% p.a.)
                                                                    w.e.f 01.11.2010
      Upto and inclusive of Rs. 5.00 lakhs   BR plus 4.25           BR plus 4.25 (13.00)
                                             (12.75)
      Above Rs. 5.00 lakhs and upto Rs.      BR plus 4.75           BR plus 4.75 (13.50)
      20 lakhs                               (13.25)
      Above Rs. 20.00 lakhs and upto Rs.     BR plus 5.25           BR plus 5.25 (14.00)
      50 lakhs                               (13.75)
      Above Rs. 50.00 lakhs and upto Rs.     BR plus 6.00           BR plus 6.00 (14.75)
      200 lakhs                              (14.50)




                                                                                    Page 6 of 8
                                                                         Annexure – III

                        Interest rates on Rupee Export credit
                             (Base Rate (BR) – 8.75%)

Categories of Export Credit                                     ROI (% p.a.)
                                                                (w.e.f. 01.11.2010)
A. Pre-shipment credit
a) upto 270 days                                                BR plus 3.50
                                                                (12.25)

b) Against incentives receivable from Govt. Covered by          BR plus 3.50
ECGC Guarantee upto 90 days                                     (12.25)

B. Post-shipment credit
a) On demand bills for transit period as specified by FEDAI     BR plus 3.50
                                                                (12.25)
b) Usance bills (for total period comprising usance period of
export bills, transit period as specified by FEDAI and grace
period, wherever applicable)
i) upto 180 days                                                BR plus 3.50
                                                                (12.25)

ii) upto 365 days for exporters under the Gold Card Scheme      BR plus 3.50
                                                                (12.25)
c) Against incentives receivable from Government covered        BR plus 2.50
by ECGC guarantee upto 90 days                                  (11.25)
d) Against un drawn balance upto 90 days                        BR plus 2.50
                                                                (11.25)
E. Against retention money (for supplies portion only)          BR plus 2.50
payable within one year from date of shipment - upto 90         (11.25)
days
F. Export credit not otherwise specified (ECNOS)

i) For overdue bills upto 180 days                              BR plus 3.50
                                                                (12.25)

ii) For all others                                              BR plus 7.50
                                                                (16.25)

(The above rates are ceiling rates and banks are free to charge any rate below this
ceiling rates. Hence, branches are advised to charge interest as per the rate stipulated in
the sanction letter of C.O.)

Note:

The above interest rate ceiling is effective from 01.11.2010

2% interest subvention eligible upto 31.03.2011 for the following sectors
(Handicrafts, Carpets, Handlooms and Small & Medium Enterprises (SME),
Leather and Leather Manufacturers, Jute Manufacturers including floor
covering, Engineering goods and Textiles)
(Interest rate after subvention should not fall below 7% )




                                                                                 Page 7 of 8
                                                                                Annexure – IV

                     Loans and Advances against Non-Resident Deposits

 Nature of     Quantum              RoI for Loans                 RoI for Overdrafts
 Deposits                                p.a                              p.a
                                  For          For Third           For         For Third
                              Depositors        parties        Depositors       parties
                                            At                              At
   NRE        Upto 75%       Deposit rate commercial          Deposit rate commercial
 Deposits                    plus 2%        rates (i.e.,)     plus 2.50%    rates (i.e.,)
                                            as applicable                   as applicable
                                            to          the                 to          the
              Upto 90%       Deposit rate quantum of          Deposit rate quantum of
                             plus 2.50%     advance and       plus 3.00 %   advance and
                                            purpose       /                 purpose       /
                                            activity                        activity
FCNR (B) Deposits

   a) In
  Indian      Upto 75%       BR plus 3%      At               BR plus        At
  Rupees                     p.a             commercial       3.50% p.a      commercial
                             (11.75%)        rates (i.e.,)    (12.25%)       rates (i.e.,)
              Upto 90%                       as applicable                   as applicable
              (only   with   BR plus 4%      to        the    BR plus        to        the
              the approval   p.a             quantum of       4.50% p.a      quantum of
              of Chairman    (12.75%)        advance and      (13.25%)       advance and
              / MD / ED /                    purpose     /                   purpose     /
              GM)                            activity                        activity


              Upto 75%       Deposit rate
                             plus 2.00%                   NOT APPLICABLE
b)       In                  p.a
Foreign
Currency
              Upto 90%       Deposit rate                 NOT APPLICABLE
                             plus 2.50%
                             p.a




NRO           Upto    80%     Rate of Interest as applicable to Domestic Deposits
Deposits      only




                                                                                 Page 8 of 8

								
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