BANK'S BASE RATE STANDS REVISED DOWNWARD FROM 10.45 % P.A. TO 10.20 % P.A. WITH EFFECT FROM 5th FEB 2013
RATE OF INTEREST ON RETAIL LENDING SCHEMES BASE RATE AT 10.20% P.A. W.E.F 05 th FEB 2013
Sl. No.
|
Type of Loan
|
ROI
|
1
|
Personal Loan (V-Cash)
|
BR+4.05%=14.25%
|
2
|
V-Solar
|
- for Lighting
|
BR+4.50%=14.70%
|
- for Heating
|
12.50% (fixed)
|
3
|
V-Professional
|
- Rural / Semi-urban
|
BR+4.50%=14.70%
|
- Others
|
BR+5.50%=15.70%
|
4
|
Vehicle Loan (V-Wheels)
|
BR+0.55%=10.75%
|
V-Wheels rate valid up to 30.06.2013 under Summer Bonanza
|
5
|
V-Mortgage Loan
|
BR+4.45%=14.65%
|
6
|
Jewel Loans Scheme (Retail)
|
- for others up to Rs.2.00 lakh
|
BR+1.55%=11.75%
|
- Above Rs.2.00 lakh
|
BR+2.05%=12.25%
|
7
|
V-Reverse Mortgage
|
11.00% (fixed)
|
(with reset clause once in every 5 years)
|
8
|
Small Road Transport Operators (SRTO)
|
Upto and inclusive of ` 25.00 lakhs
|
BR+1.55=11.75%
|
Above ` 25.00 lakhs
|
BR+1.80=12.00%
|
9
|
V-Swashakthi
|
As applicable for Micro Service Enterprises (MSEs)
|
10
|
VSOD
|
BR+4.00%=14.20%
|
11
|
Education Loan Scheme
|
IBA Model Education Loan Scheme for Higher Education
|
Amount upto Rs.4.00 lakh
|
BR+1.80%=12.00%
|
Above Rs.4.00 lakh
|
BR+2.25%=12.45%
|
Vocational Education & Training Courses Scheme
|
BR+1.80%=12.00%
|
Education loan to student admitted under Management Quota (Non-IBA)
|
BR+2.55%=12.75%
|
Concession of 0.50% in ROI for girl students for above mentioned scheme
|
Education Loan to Indian School of Business student
|
11.75% ( Fixed)
|
Education Loan to the students of Premier Central Institutions
|
11.75% ( Fixed)
|
12
|
V-Vehicle
|
BR+1.55%=11.75%
|
13
|
V-Doctor
|
BR+1.55%=11.75%
|
14
|
V-Vyaapar
|
BR+2.05%=12.25%
|
15
|
V-Restaurant
|
BR+2.05%=12.25%
|
16
|
V-Rent
|
BR+4.25%=14.45%
|
17
|
V-Dhanya – Rice Mill
|
Upto Rs. 100.00 lakh
|
BR+2.05%=12.25%
|
Above Rs.100.00lakh
|
BR+2.55%=12.75%
|
18
|
V-Dhanya – Dal Mill
|
Upto Rs. 100.00 lakh
|
BR+2.05%=12.25%
|
Above Rs.100.00lakh
|
BR+3.05%=13.25%
|
19
|
V-Dhanya – Flour Mill
|
Upto Rs. 100.00 lakh
|
BR+2.05%=12.25%
|
Above Rs.100.00 lakh
|
BR+3.05%=13.25%
|
20
|
V-Home Loan
|
Upto Rs. 75.00 lakh
|
BR+0.05%=10.25%
|
Above Rs.75.00 lakh
|
BR+0.30%=10.50%
|
V-Home loan rate valid up to 30.06.2013 under Summer Bonanza
|
BASE RATE – 10.20‰ P.A. W.E.F 05 th FEB 2013
| | | % p.a. |
| (1) AGRICULTURE |
| | (a) Crop Loans |
| Upto Rs.3.00 lakhs (Under Interest subvention scheme)* | 7.00 (Fixed ) |
| * Interest Rate for Crop loan upto Rs.3.00 lakhs disbursed from 014/2010 shall be charged at 7% p.a.. (Fixed), in view of interest subvention scheme announced in the Union Budget 2011-12. Even if the Crop loan sanction is more than Rs.3.00 lakhs, interest at 7% p.a.. (Fixed) shall be charged for amounts upto Rs.3.00 lakhs and applicable interest Rate shall be charged for the loan amount exceeding Rs.3.00 lakhs. If the loan remains upaid after the cut off date/period stipulated as per the Interest Subvention Scheme (Please refer HOCL 10273 dated 24/9/2010), applicable interest as shown below should be charged. |
| Above Rs.3.00 lakhs | BR+3.00=13.20 |
| Upto Rs.50000/- | BR+1.00=11.20 |
| Above Rs.50000 upto Rs.2 lakh | BR+2.00=12.20 |
| Above Rs.2 lakh upto Rs.3 lakh | BR+3.00=13.20 |
| (b) Other Short Term Loans and Term Loans |
| Upto Rs.50000/- | BR+1.00=11.20 |
| Above Rs.50000 upto Rs.2 lakh | BR+2.00=12.20 |
| Above Rs.2 lakh | BR+3.00=13.20 |
| (c) Loans granted through Societies | BR+3.50=13.70 |
| (Loans routed through PACS/LAMPS/FSS irrespective of repayment and size of the loan ) |
| Note: Broader guidelines on charging and compounding of interest Rates on agricultural advances have been furnished inAnnexure-3 to this Circular. |
| 2) | For SGSY loans : (Term Loans- 5 years to 9 years) |
| Irrespective of activity financed and irrespective of Individual or Group. |
| | Upto Rs. 50,000/- | BR =10.20% |
| Above Rs. 50,000/- | BR+0.25 =10.45% |
| 3) | For Vijaya General Credit Card (VGCC): |
| Vijaya General Purpose Credit Card(HOC No. 71/2008 dated 13.05.2008) | BR=10.20% |
| | |
% p.a.
|
| 4) | for Self Help Groups (SHGs): |
| Bank to SHGs/ JLGs | BR+2.00=12.20 |
| Bank to NGOs/VAs for on-lending to SHGs/ JLGs | BR+3.50=13.70 |
| 5) | DRI Advances | 4.00 (Fixed) |
PRIORITY SECTOR ADVANCES (Contd)
|
BASE RATE – 10.20% P.A. W.E.F 05 TH FEB 2013 Revised Interest Rate for MSME Loan W.E.F 05 TH FEB 2013
|
Micro Medium and Small Enterprises (MSME):
|
(A) Micro Manufacturing Enterprises:
|
Loans upto Rs.50,000/-
|
BR+0.55%=10.75%
|
Above Rs.50,000 upto Rs.2.00 lakh
|
BR+1.05%=11.25%
|
Above Rs.2.00 lakh upto Rs.25.00 lakh
|
BR+1.80%=12.00%
|
Above Rs.25.00 lakh upto Rs.50.00 lakh
|
BR+2.05%=12.25%
|
Above Rs.50.00 lakh
|
BR+2.80%=13.00%
|
(B) Micro Service Enterprises:
|
[includes V-Swashakthi / Professional & Self-employed / Small Business and other service enterprises]
|
Loans upto Rs.50,000/-
|
BR+1.05%=11.25%
|
Above Rs.50,000 upto Rs.2.00 lakh
|
BR+1.55%=11.75%
|
Above Rs.2.00 lakh upto Rs.25.00 lakh
|
BR+2.05%=12.25%
|
Above Rs.25.00 lakh
|
BR+2.80%=13.00%
|
(C) Small Manufacturing Enterprises:
|
Loans upto Rs.50,000/-
|
BR+1.30%=11.50%
|
Above Rs.50,000 upto Rs.2 lakh
|
BR+1.80%=12.00%
|
Above Rs.2.00 lakh upto Rs.25.00 lakh
|
BR+2.55%=12.75%
|
Above Rs.25.00 lakh upto Rs.50.00 lakh
|
BR+2.80%=13.00%
|
Above Rs.50.00 lakh upto Rs.1.00 crore
|
BR+3.05%=13.25%
|
Above Rs.1.00 crore
|
BR+3.55%=13.75%
|
(D) Small Service Enterprises:
|
Loans upto Rs.50,000/-
|
BR+1.80%=12.00%
|
Above Rs.50,000 upto Rs.2.00 lakh
|
BR+2.30%=12.50%
|
Above Rs.2.00 lakh upto Rs.25.00 lakh
|
BR+3.05%=13.25%
|
Above Rs.25.00 lakh upto Rs.50.00 lakh
|
BR+3.55%=13.75%
|
Above Rs.50.00 lakh
|
BR+3.80%=14.00%
|
BASE RATE – 10.20% P.A. W.E.F 05 th FEB 2013
| NON PRIORITY SECTOR ADVANCES |
| WORKING CAPITAL LIMITS (INCLUDING BILLS PURCHASED/ DISCOUNTED AND TERM LOANS |
| Medium & Large Industries including Medium Enterprises [MEs] |
| | |
% p.a.
|
| (E)Medium Manufacturing and Service Enterprises Revised Interest Rate W.E.F 01 st SEP 2012: |
| Limit | Existing | Revised |
| Loans upto Rs.1 crore | BR+4.50=14.95 | BR+3.55=14.00 |
| Above Rs.1 crore and upto Rs.5 crore | BR+4.50=14.95 | BR+3.80=14.25 |
| Above Rs.5 crore | BR+5.00=15.45 | BR+4.05=14.50 |
| | | |
| All other Non-priority loans and advances including Pronote Loans upto and inclusive of Rs.2 lakh. | BR+7.00=17.45(wherever Risk Rating is not applicable) |
| Premises loans to Landlords of Branch premises, Pronote loan/ Clean Loan, Non Priority Transport Operators, above Rs.2.00 lakhs | As per Risk Rating[wherever applicable] |
| For Commercial Real Estate Loans [other than V-Rent and Home Loans] | As per Risk rating or BR+6.50=16.95 whichever is higher |
| For term loans exceeding 5 years other than to Agriculture/ MSE/ Retail Advances/ Staff loans. | 0.25% to be added as ‘Term Premium’ besides Risk Premium to the interest computed based on risk ratings. |
| ‰ p.a. |
| Discounting of Inland Bills covered by Letter of credit (BDLC): (exclusively for Borrowers enjoying sanctioned Bill Discount Limit) |
| Tenor |
| With tenor upto 90 days | BR=10.45 |
| Above 90 days to 180 days | BR+0.50=10.95 |
EXPORT CREDITBASE RATE – 10.45% P.A. W.E.F 01 ST MAY 2012
| Sl no | Tenor | Revised ROI linked to BR -10.65 % p.a. |
| 1 | PRESHIPMENT CREDIT – IN RUPEES |
| | (a) | Upto the due date (or the extended due date ) of the LC /firm order with a maximum of 270 days from the date of advance (see note no. 1 below) | BR+1.50=11.95 |
| | (b) | Against incentives receivable from Government covered by ECGC guarantee upto 90 days | BR+1.50=11.95 |
| 2 | POST SHIPMENT CREDIT – IN RUPEES |
| | (a) | On demand bills for transit period (as specified by FEDAI) | BR+1.50=11.95 |
| | (b) | Usance bills (for total period comprising usance period of export bills, transit period as specified by FEDAI, and grace period, whichever applicable) |
| | | i) Upto 180 days | BR+1.50=11.95 |
| | | ii) Upto 365 days for exporters under Gold Card Scheme | BR+1.50=11.95 |
| | (C) | Against incentives receivable from Govt. (covered by ECGC Guarantee) upto 90 days | BR+1.50=11.95 |
| | (d) | Against undrawn balances (upto 90 days) | BR+1.50=11.95 |
| | (e) | Against retention money (for supplies portion only) payable within one year from the date of shipment (upto 90 days) | BR+1.50=11.95 |
| 3 | PRESHIPMENT CREDIT – IN FOREIGN CURRENCY (With effect from 15/11/2011 to 30/09/2012) |
| | (a) | Upto the due date (or the extended due date) of the LC /firm order with a maximum of 180 days from the date of advance.(see note no.2 below) | Not exceeding 350 basis points over LIBOR /EURO LIBOR/ EURIBOR |
| | (b) | Beyond 180 days and upto 360 days | Rate for initial period of 180 days prevailing at the time of extension plus 200 basis points i.e. 3(a) above plus 200 basis points. |
| 4 | POST – SHIPMENT CREDIT – IN FOREIGN CURRENCY (With effect from 15/11/2011 to 30/09/2012) |
| | (a) | On demand bills for transit period, as specified by FEDAI. (See note. No.2 below) | Not exceeding 350 basis points over LIBOR / EURO LIBOR /EURIBOR |
| | (b) | Against Usance bills (Credit for total period comprising usance period of Export Bills, transit period as specified by FEDAI, and grace period, wherever applicable)- upto 6 months from the date of shipment (see note no. 2 below) | Not exceeding 350 basis points over LIBOR / EURO LIBOR/EURIBOR |
| | (c) | Export bills (Demand of Usance) realized after due date, but upto date of crystallization | Rate as in 4 (b) above plus 200 basis points |
| 5 | EXPORT CREDIT NOT OTHERWISE SPECIFIED (ECNOS) |
| | (a) | Pre-shipment credit (see note no.3 below) | BR + 6.00=16.45 |
| | (b) | Post-shipment credit (see note no.3 below) | BR + 6.00=16.45 |
| 6 | ALL TYPES OF EXPORT CREDIT LIQUIDATED FROM LOCAL SOURCES |
| | (a) | Pre-shipment credit | BR+6+2=18.45 |
| | (b) | Post-shipment credit | BR+6+2=18.45 |
| 7 | DEFERRED EXPORT CREDIT | BR+5.50=15.95 |
BASE RATE – 10.45% P.A. W.E.F 01 st MAY 2012
| |
% p.a.
|
| ADVANCE AGAINST TERM DEPOSITS |
| INTEREST ON LOANS AGAINST DOMESTIC TERM DEPOSITS |
| FOR STAFF AND EX-STAFF MEMBERS |
| LTD/Overdraft (Secured) against own domestic deposits with a minimum margin of 10% | 1% above the Deposit Rate |
| FOR OTHER DEPOSITORS AND NON RESIDENT (ORDINARY) (NRO) DEPOSIT HOLDERS |
| LTD/Overdraft (Secured) against own domestic deposits with a minimum margin of 15%. | 2% above the Deposit Rate |
| Loan against own JND balances with a minimum margin of 20% | BR+4.00=14.45 |
| All advances against third party deposits with a minimum margin of 15%. | Rate applicable relevant to the borrower category with a minimum of BR+4 from time to time. |
| INTEREST ON LOANS AGAINST NON RESIDENT TERM DEPOSITS |
| NON RESIDENT EXTERNAL DEPOSITS (NRE) | |
| (1) Advances to depositors against their own deposits with 10% margin. | 1.50% above the interest Rate payable on deposits. |
| (2) Advances to residents against third party deposits with 10% margin | Upto Rs.2 lakhs 2% above the interest Rate payable on the deposit OR 2% above BR, whichever is higher. |
Above Rs.2 lakhs :
Personal purpose : 2% above the interest Rate payable on the deposit OR 3% over BR, whichever is higher. |
| Above Rs.2 lakhs-Other than Personal purpose :2% above the interest Rate payable on the deposit OR 4% over BR, whichever is higher. |
| FOREIGN CURRENCY NON RESIDENT [FCNR (B)] DEPOSITS : |
| (1) Advances to depositors against their own deposits, with minimum margin of 15% | BR+2.00=12.45 |
| (2) Advances to residents against third party deposits with minimum margin of 15% | Upto Rs.2 lakhs 2% above the interest Rate payable on the deposit OR 2% above BR, whichever is higher. |
Above Rs.2.00 lakhs
Personal purpose 2% above the interest Rate payable on the deposit OR 3% above BR, whichever is higher. |
| Other than personal purpose 2% above the interest Rate payable on the deposit OR 4% above BR whichever is higher. |
BASE RATE – 10.45% P.A. W.E.F 01 ST MAY 2012
| | % p.a. |
| For certain specified categories (irrespective of the quantum of the loan and repayment period) |
| Loans on the security of IVPs/ KVPs/ NSCs/ Units/ Capital Investment Bonds/ SV of life insurance policies. | BR+4.00=14.45 |
| Adhoc sanctions (other than export credit facilities) | 1% above the Rate applicable |
| (a) Interest on all advances of temporary nature such as Current Account TODs and excess drawings in the sanctioned limits/ DP, drawals against instruments sent in clearing, etc. (irrespective of the Rate of interest for regular limit). | BR+8.00=18.45 |
| (b) Overdrawing due to credit card transactions in Savings/ Current/Overdraft/Cash Credit and other operative accounts | 27.40 |
| (C) In case of cardholders opting for revolving credit: | |
| (i) On the revolving credit balance retained at CCD HO(ii) After transfer of liability to the Branch | 21.4027.40 |
| (iii) Overdue/ returned unpaid bills, invoked BGs, defaults under DPG/Bills co-acceptance, devolvement under Inland & Foreign Letters of Credit. | BR+8.00=18.45 |
| PENAL INTEREST |
| a) For Priority Sector advances upto Rs.25,000/- | Nil |
| b) For Priority Sector Advances above Rs. 25,000/- and all other Advances [including Export credit not otherwise specified (ECNOS)], overdue/ overdrawn loan accounts and excess over sanctioned limits outstanding beyond the stipulated time and for non-submission/ delayed submission of stock statements/ QIS statements/ renewal proposal/ diversion of funds/ non adhering lending discipline etc. as per H.O Circular No.67/2000 dated 21/3/2000. | 2.00 |
| c) Maximum applicable Rate of interest including penal interest (other than Credit card overdrawings) | BR+10.00=20.45 |
|
|
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