Rate of Interest on Savings & various Term Deposits

Sr. No. Period of Term Deposit Interest Rate p.a.
(w.e.f. 21-09-2018)
1 Savings Account (Deposits below Rs. 1.00 Lakhs and Deposits above Rs. 1.00 Lakh) 3.50
2 7 Days to 29 Days 4.25
3 30 Days to 90 Days 6.25
4 91 Days to 180 Days 6.50
5 181 Days to or less than One year 7.25
6 1 Year to less than 2 years 7.50
7 2 Year to less than 3 years 7.00
8 3 Years and above period (maximum 10 Years) 5.75
9 Tax Benefit Deposit Scheme (2016) 7.25

1. Additional rate of interest @ 0.50% will be given to Senior Citizens in addition to above existing interest rate.

2..The rate of interest for NRE/NRO accounts for savings bank account as well as term deposits for minimum of 1 year period are applicable as mentioned above.

Rate of Interest on Loans & Advances

Department Particulars Interest Rate p.a.
(w.e.f. 1-11-2018)
Agro Industries Co-operative Sugar factories, Spinning mills, Marketing, Processing Institutes etc.
A) Short Term Loans
1) Clean Cash Credit / Short Term Loans 14.00
2) a) Pledge :- For Co-operative Sugar Factories 10.50
    b) Pledge :- For Private Sugar Factories 10.50
    c) Pledge :- Other Co-operative Institution 10.50
3) Hypothecation 13.75
4) a) Salary Earners Credit Societies (Clean Loan) 12.50
    b) State Cooperative Bank Salary Earners Societies 8.50
5)Co-gen Bill discounting Scheme (Floating) (will be reset after every 6 months i.e. on 1st May and 1st Nov.) 13.25
6) SEFASU 2015 12.50
7) Working Capital Loan- takeover policy Co.op Sugar Factory/Pvt sugar Factory
takeover policy Pledge: 10.50
Hypothecation:13.75
B) Term Loan
1) Term loan (Sugar factories and Spinning mills) (excluding new sugar factories) 12.50
2) Extension to M.T. Loan & Reschedulement of loan installments, Co- Generation , Machinery modernization, Ethanol project of Co-op Sugar Factories (Interest Rate will reset from 1st May and 1st Nov. [Six Monthly] ) 12.50
3) Term Loan of Sugar Factories for running other Sugar factory on lease basis for longer duration /collaboration /partnership 12.50
4) MT Loan for Private Sugar Factories for errection of co-generation, machinery modernisatin and ethanol project. 12.50
5) MT Loan to co-op./ private sugar factories for take over loan of other bank 12.50
6) MT Loan to new co-op./ private sugar factories (Greenfield project) for errection, Co-generation & ethonol project. (Intrest rate will be reset on 1st May and 1st Nov. Six Monthly) Co-Op. Sugar Factories- 13.00% Private Sugar Factories- 13.00%
7) MT Loan to Professional Educational Institutions / Trusts for creating infrastructure, to provide educational facility and for takeover loan of other bank. 13.25
8) For Entrepreneurs & Businessmen outside co-operative Sector for modernization and expansion of project and business Mid Term - 13.00
9) Term loan (Registered Co-op. Housing Sty.) for Construction of new building / Purchasing building/ Renovation, Repairing & expansion of old building etc. 12.00
10) Baliraja Shikhar Thibak sanch/ sub surface jalsinchan for Co-opertive / Private sugar Factories (Drip Irrigation - CPID circular dt. 18/08/2016) 11.50
11)Dhanwaneri Medical Term Loan scheme for Building Hospital 13.00
12)Working Capital Loan & Term Loan For food processing industry(Shikhar Krushi Utppan Yojana) Working Capital:13.50
Term Loan:13.00

MSCB Group

Rating

Interest Rate (Floating)

AGENCY

GREAD/ SCORE

A

CRISIL

AAA

11.00

ICRA

AA

CIBIL

800 to 900

B

CRISIL

A

11.50

ICRA

A

CIBIL

700 TO 799

C) Microfinance
1)Self Help Groups (SHGs),Direct Finance S.T. 9.50
M.T. 8.50
IBD 1) Preshipment 10.00
2) Post shipment 10.00
3) Third party Exports 12.25
Banking /Retail banking A) Short Term Loan
1) Gold Loan (Fixed & Cash Credit) Term Loan : 11.50
Cash Creadit: 11.50
2) Cash Credit / Overdraft 13.25
3) Temporary Overdraft (TOD) 14.50
4) Working Capital Loans to self employed / Traders / Small - Medium Entrepreneurs for their business 12.50
5) Sanjeevani Hypothecation Cash Credit 12.00
6) State Coop Bank/ Staff Cash credit Loan (Fixed) 9.75
B) Term Loan
1) Gruhaswapnapurti loan for Housing and Commercial Shop
a) For new housing and commerical shop & takeover loan. Up to 20 years: 8.90
For Old Proposals
5 Year : 9.00
10 Years : 9.25
15 Years : 9.50
20 Years : 10.25
b) Top-up/Additional Loan
 
 
 
 
 
 
 
 
 
 
c) For Other Loan:

 
 
 
 
 
d) For Purchase of Commercial Shop/Construction & Take over loan

 
 
 
 
 
 
 
 
e) Mortgage loan
b) Top-up/Additional Loan
New Customer
Top-up:Purchase of House/Construction Of House/Purchase of Commercial Shop:8.90
(Interest rate 2% more on commercial shop)
Old Customer
5 Year : 9.00
10 Years : 9.25
15 Years : 9.50
Upto 20 years:10.25
(Interest rate 2% more on
commercial shop)  
 
 
c) For Other Loan: For Other Loan:12.00
Loan other than Mortgage Loan:
5 Years:11.50
Up to 7 Years:12.00
 

d) For Purchase of Commercial Shop/Construction & Take over loan( For New Proposal)
Upto 15 Years:10.75
Old Loan Proposal
5 Year:11.00
10 Year:11.25
15 Year:11.50
20 Year:12.25
 
e) Mortgage loan                               
Old Customer        New Customer
5 Year : 11.75       5 Year : 11.50
10 Years : 12.25     Max 15 Years : 12.00
15 Years : 12.75                      ---
(Interest rate 2% more on commercial shop)
2) Vehicle loan
I] Private Four Wheeler Vehicle For Private Four Wheeler:10.00
Two Wheeler-:12.50
Commercial:12.50
3) Personal Loan 14.00
4) Medium term loan to Self employed / Traders / Small-Medium Entrepreneurs for their business. fixed 12.25
5) Medium term loan to Self-employed / Traders / Small-Medium Entrepreneurs for their business. floating 12.00
6) Loan against NSC / LIC Policy etc. 11.00
7) Loan against FDR (OD and Fixed Loans) 0.75% more than the original Contract Rate of Fixed Deposit.
8) Shikhar Mortgage Loan Scheme (Mortgage Loan) Loan to landlord by mortgaging the premises given to bank on rent. (Interest rate will reset on 1st May and 1st November (six monthly) 13.50
9))Shikhar Mortgage Loan (Mortgage Loan) other borrowers (Traders and businessmen) (Interest rate will reset on 1st May and 1st November (six monthly) 13.50
10) Individual/Institutional/Finance for purchase of Solar Kit 11.00
(If Repaid regularly, rebate of 1% will be given)
Under Retail banking Gold Loan, Sanjeevan Hypothecation, Shishak Samruddhi, Personal Loan, Vehicle loan , Gruhaswapnapurti Housing Loan Schemes, Shikhar Mortgage loan Interest rate (Floating) will reset on 1st May and 1st November (six monthly)
CFAs Deptt A) Short Term Loan
1) Short Term (SAO) Loans (from Own fund) DCCBs with NPA up to 20% - 9.50
DCCBs with NPA above 20% - 9.25 DCCBs with NPA more than 20% - 9.50
2) Repledge (Sugar) Co.-op. sugar factory - 10.25
Private sugar factory - 10.25
3) Refinance against Salary earners Societies 11.00
4) Wage and means (Clean) 14.00
5) ST (SAO) to MT conversion (MSC Bank Share) Interest rate Specified by NABARD Plus SCBs Share: 0.50%
6) ST (SAO) to MT conversion (State Govt. Share) 8.70
7 ) District And Urban Cooperative Bank under Govt. Securities ‘Jaswandi’ OD Loan 8.25
8 ) Hypo Refinance for Tur, Udid Mug Soyabin and Wheet etc. 10.25
B) Term Loan
1) Investment credit under Banking Plan (from own fund) On Owned Fund: 10.25
Interest rate Specified by NABARD Plus SCBs Share: 0.60%
2) Refinance to DCC Bank against the housing loan finance.(Shikhar Gharkul Yojana). (If Repaid regularly, rebate of 1% will be given)
3) Computer Loan to DCCB/Urban Bank 9.50
Urban Co-op. Banks A) Short Term Loan
1) Cash Credit For Urban Banks 12.25
2) District And Urban Cooperative Bank under Govt. Securities ‘Jaswandi’ OD Loan. 8.25
3) Loan to Nagari Coop Credit society by MSC Bank for Term Loan & Refinance Facility. Term Loan:13
Refinance :9.50
interest rate charge by society but not less than 9.50 (If Repaid regularly, rebate of 1% will be given)
B) Term Loan
1) Refinance to DCC Bank against the housing loan finance(Shikhar Gharkul Yojana). interest rate charge by
DCCB/Urban BANK but not less than 9.50
(If Repaid regularly, rebate of 1% will be given)
2) Property loan for construction and Purchasing of H.O. and Branch’s building. 12.25
3) Loan Given By MSC Bank to Urban Bank on Guarantee interest rate charge by DCCB/ Urban BANK but not less than 9.50
(If Repaid regularly, rebate of 1% will be given)
4) Loans for Computerization of H.O. and Branches for DCCB/Urban Bank 9.50
5)Msc Banks Consortium Loan with other banks interest rate charge by
Consortium finance participated Banks but not less than 9.50
(If Repaid regularly, rebate of 1% will be given)