Domestic Fixed Deposits
INTEREST RATES ON DOMESTIC DEPOSITS*
DEPOSITS – LESS THAN 5 CRORES
W.E.F. 26/08/2020**
DEPOSITS – SENIOR CITIZENS – LESS THAN 5 CRORES*
W.E.F. 26/08/2020**
DEPOSITS – 5 CRORES & ABOVE*
W.E.F. 21/08/2020**
Domestic Fixed Deposits Plus
INTEREST RATES ON “FIXED DEPOSIT PLUS” (PREMATURE WITHDRAWAL NOT PERMITTED)*
DEPOSITS – 5 CRORES & ABOVE*
W.E.F 21/08/2020**
Interest Rates on Loans
Interest Rates on Home Loans
For Salaried Individuals
| Type | Repo Rate + Spread | Effective Rate of Interest |
| Floating Rate | Repo Rate + 3.75% to Repo Rate + 4.40% | 7.75% – 8.40% p.a. |
| Fixed Rate | All Loan Amounts | 12% |
For Self Employed Individuals
| Type | Repo Rate + Spread | Effective Rate of Interest |
| Floating Rate | Repo Rate + 3.95% to Repo Rate + 4.55% | 7.95% – 8.55% p.a. |
Interest Rates on Asha Home Loans
For Salaried Individuals
| Type | Repo Rate + Spread Effective | Rate of Interest |
| Floating Rate | Repo Rate + 6.05% to Repo Rate + 7.00% | 10.05% – 11% p.a. |
For Self Employed Individuals
| Type | Repo Rate + Spread Effective | Rate of Interest |
| Floating Rate | Repo Rate + 6.30% to Repo Rate + 7.50% | 10.30% – 11.50% p.a. |
The interest rate for the customer shall depend on their credit assessment and the product variant
Interest Rates on Loan Against Property
For Term Loans
| Type | Repo Rate + Spread | Effective Rate of Interest |
| Floating Rate | REPO RATE + 6.50% to REPO RATE + 7.00% | 10.50% – 11.00% p.a |
For Overdraft Loans
| Type | Repo Rate + Spread | Effective Rate of Interest |
| Floating Rate | REPO RATE + 7.00% to REPO RATE + 7.25% | 11.00% – 11.25% p.a. |
The interest rate for the customer shall depend on their credit assessment and the product variant
Interest Rates for Personal Loan
| Fixed Rate Loan | 1 Yr MCLR | Spread over 1 year MCLR | Effective ROI | Reset |
|---|---|---|---|---|
| Personal Loan | 7.55% | 4.45%-16.45% | 12%-24% | No Reset |
MCLR
Marginal Cost of Funds based Lending Rate (MCLR)
MCLRs with effect from 18 Aug 2020:
| Tenor | MCLR % |
| Overnight | 7.35% |
| One month | 7.35% |
| Three month | 7.45% |
| Six month | 7.50% |
| One year | 7.55% |
| Two year | 7.65% |
| Three year | 7.70% |
These rates will be valid till the next review.
Base Rate: 8.80% (w.e.f. 02nd July 2020)
Interest Rates on Domestic, Non Resident, Trust and Government Savings Account Deposits:
Effective 1st June, 2020, the interest on your Savings Bank Account has been revised as per the following interest rate structure.
| Balance Slabs | Applicable Rate of Interest w.e.f.1st Jun, 2020 |
|---|---|
| Less than Rs. 50 lacs | 3.00% p.a. |
| Rs. 50 Lacs and up to less than Rs. 10 Crs | 3.50% p.a. |
| Rs. 10 Crs and up to less than Rs. 100 Crs | Repo + (-0.65%) applicable rate 3.75% p.a. |
| Rs. 100 Crs and up to less than Rs. 200 Crs | Repo + (-0.25%) |
| Rs. 200 Crs and up to less than Rs. 2,500 Crs | Repo + (0.00%) |
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