Interest Rates on Loans

S.No Slab/Category Rate of Interest General
% p.a
W.E.F 01-06-2020
Type of Loan Interest % p.a
1 Housing Loan 10.50
2 Repairs/Additions/alterations 11.00
Business Development
1 Upto Rs.25.00 lakhs 13.00
2 >Rs.25.00 lakhs – 1.00 crore 12.00
3 >Rs.1.00 crore 11.00
Vehicle Loan
1 Purchase of new car 11.00
2 Used Cars[Not more than 5 yrs old] 12.00
3 Unsecured loans to shop keepers 13.50
Jewel Loans
1 Normal [12 months] 12.50
2 Eenadu Express Gold Loan [3 months] 12.00
Other Loans
1 Upto Rs.1.00 lakh 13.50
2 Above Rs.1.00 lakh 14.50

Savings Bank Interest Rates —

Our savings Account REWARD you with HIGHER Rates of INTEREST

Interest Rates on Deposits

S.No Slab/Category Rate of Interest General Rate of Interest Sr.Citizen
% p.a %p.a
Our savings Account REWARD you with HIGHER Rate of INTEREST W.E.F 01/06/2020
1 Savings Deposits 4.00 4.00
2 TERM DEPOSITS W.E.F 01/06/2020
3 30 to 180 days 5.00 5.50
4 181 Days to 1 Year 5.50 6.00
5 > 1 Year to 2 Years 6.75 7.25
6 > 2 Year to 3 Years 7.50 8.00
7 > 3 Year to 10 Years 6.50 7.00

* Deposits Insured under DICGC

* Savings Bank Interest Applied on Daily Products