Recharge
Pay Bills
Fee Collections
Pay Taxes
Net Banking
| Deposit Type | Rate of Interest Per Annum w.e.f. 11.07.2020 |
| Revised | |
| Domestic/NRO/ NRE Rupee Savings Bank Deposits | 2.90% |
Interest Rates on Domestic Term Deposits of less than Rs. 2.00 Crore w.e.f November 11, 2023
| Maturity Period | Deposit Type | Current Interest Rates per Annum | Revised Interest Rates per Annum w.e.f November 11,2023 |
7 days to 30 days |
Domestic/NRO |
3.50% |
3.50% |
31 days to 45 days |
Domestic/NRO |
3.50% |
3.50% |
46 days to 90 days |
Domestic/NRO |
4.60% |
4.60% |
91 days to 180 days |
Domestic/NRO |
4.75% |
4.75% |
181 days to 221 days |
Domestic/NRO |
5.60% |
5.60% |
222 days* |
Domestic/NRO |
6.30% |
6.30% |
223 days to less than 270 days |
Domestic/NRO |
5.60% |
5.60% |
271 days to less than 332 days |
Domestic/NRO |
6.00% |
6.00% |
333 days* |
Domestic/NRO |
6.60% |
6.60% |
334 days to Less than 1 Year |
Domestic/NRO |
6.00% |
6.00% |
1 Year to 554 days |
Domestic/NRO/NRE |
7.10% |
7.10% |
555 days |
Domestic/NRO/NRE |
7.10% |
7.50% |
556 days to less than 2 years |
Domestic/NRO/NRE |
7.10% |
7.10% |
2 years to less than 3 years |
Domestic/NRO/NRE |
7.00% |
7.00% |
3 years to less than 5 years |
Domestic/NRO/NRE |
6.50% |
6.50% |
5 years to 10 years |
Domestic/NRO/NRE |
6.50% |
6.50% |
- The above rates are applicable for fresh deposits and renewal of maturing deposits for amounts less than Rs 2.00 Crores. The minimum contract period of NRE deposits is 1 year.
- Domestic Term Deposits of Senior Citizens of over 60 years of age shall continue to earn 0.50 % additional rate across all maturities.
The Interest rates applicable for Withdrawable Term Deposits w.e.f October 11, 2023 are as under:
Maturity Period |
Deposit Type |
Current Interest Rates per Annum |
Revised Interest Rates per Annum w.e.f October 11,2023 |
7 days to 30 days |
Domestic/NRO |
4.75% |
4.75% |
31 days to 45 days |
Domestic/NRO |
4.75% |
4.75% |
46 days to 90 days |
Domestic/NRO |
5.00% |
5.00% |
91 days to 180 days |
Domestic/NRO |
5.50% |
6.00% |
181 days to 270 days |
Domestic/NRO |
6.50% |
6.50% |
271 days to less than 1 Year |
Domestic/NRO |
6.75% |
6.75% |
1 Year to less than 2 years |
Domestic/NRO/NRE |
7.00% |
7.00% |
2 years to less than 3 years |
Domestic/NRO/NRE |
6.50% |
6.50% |
3 years to less than 5 years |
Domestic/NRO/NRE |
6.25% |
6.25% |
5 years to less than 10 years |
Domestic/NRO/NRE |
6.00% |
6.00% |
- The above rates are applicable for fresh term deposits and renewal of maturing term deposits for amounts of 2.00 Crore to less than 5.00 Crore .The minimum contract period of NRE term deposits is 1 year.
- Domestic Term of Senior Citizens of over 60 years of age shall continue to earn additional interest rate of 0.50% across all maturities in this segment.
The Interest rates applicable for Non-Withdrawable Term Deposits w.e.f October 11, 2023 are as under:
Maturity Period |
Deposit Type |
Revised Interest Rates per Annum (Non-Withdrawable) |
|
Existing Rate of Interest |
Revised Rate of interest w.e.f October 11, 2023 |
||
91 days to 180 days |
Domestic/NRO |
5.60% |
6.10% |
181 days to 270 days |
Domestic/NRO |
6.60% |
6.60% |
271 days to less than 1 year |
Domestic/NRO |
6.85% |
6.85% |
1 year to less than 2 years |
Domestic/NRO/NRE |
7.10% |
7.10% |
2 year to less than 3 years |
Domestic/NRO/NRE |
6.60% |
6.60% |
- The minimum contract period of NRE Term Deposits is 1 Year.
BASE RATE 9.00% w.e.f. November 10 2023
PLR 14.50% w.e.f. November 10 2023
MCLR
Maturity Period |
MCLR | |
w.e.f. October 10, 2023 |
w.e.f. November 10, 2023 |
|
Overnight |
8.05 |
8.10 |
One month |
8.15 |
8.20 |
Three months |
8.35 |
8.40 |
Six months |
8.65 |
8.70 |
One year |
8.80 |
8.85 |
Two years |
9.25 |
9.30 |
Three Years |
9.30 |
9.35 |
Housing Loan Repo Linked Lending Rate (HLRLLR)
Existing HRLLR |
Revised HRLLR w.e.f October 10 2023 |
HLRLLR-9.10% (Policy Repo Rate 6.50%+Spread 2.60%) |
HLRLLR-9.10% (Policy Repo Rate 6.50%+Spread 2.60%) |
Following schedule will be followed for arriving at applicable MCLR of the loan:
| Floating rate Loans with reset linked to review of MCLR | |
| Loan tenor/ Residual Loan Tenor | Applicable MCLR |
| Upto& including 1 month | 1 month MCLR |
| above 1 month upto& including 3 months | 3 month MCLR |
| above 3 month upto& including 6 months | 6 month MCLR |
| above 6 months | 1 year MCLR |
| For all kinds of fund based working capital facilities including ad-hocs/ TODs applicable MCLR will be 1 year MCLR | |
| Applicable MCLR in case of fixed rate loans | |
| Loan tenor/ Residual Loan Tenor | Applicable MCLR |
| Upto& including 1 month | 1 month MCLR |
| above 1 month upto& including 3 months | 3 month MCLR |
| above 3 month upto& including 6 months | 6 month MCLR |
| above 6 months upto & including 1 year | 1 year MCLR |
| Above 1 year upto & including 2 year | 2 year MCLR |
| Above 2 years | 3 year MCLR |
| The interest rate however will remain fixed for entire tenor of loan | |
Reset linked to date of disbursement/ renewal/ review of credit facility
In case of loans with reset clause, applicable MCLR will be determined by the frequency of reset prescribed in the sanction letter for the particular loan and will be applicable as per below structure:-
Reset Frequency from date of 1st disbursement/ renewal/ review |
Applicable MCLR |
1 Month |
1 month MCLR |
3 Month |
3 month MCLR |
6 Month |
6 month MCLR |
1 year |
I Year MCLR |
INTEREST RATE STRUCTURE
| S NO | SCHEME | RATE OF INTEREST |
| 1 | Agriculture & Allied Activities including credit facilities under Kissan Credit Card/ GIRI/ Apple Scheme/Zaffran scheme, Agri Term loans/Commercial Floriculture and other allied activities | |
| Up to Rs.2.00 lacs | APPLICABLE MCLR+0.50% | |
| Above Rs.2.00 lacs & up to Rs.5.00 lacs | APPLICABLE MCLR+1.00% | |
| Above Rs.5.00 lacs & less than Rs.15.00 lacs | APPLICABLE MCLR+1.50% | |
| Rs.15.00 lacs and above | As per internal Rating Grade | |
| 2 | Advances under Special Scheme ( Mortgage Loan ) for Fruit Commission Agents of J&K | |
| For all slabs (with 50bps concession to senior borrowers having minimum banking relationship of 5 years or more) | APPLICABLE MCLR+1.50% | |
| 3 | Advances under Special Scheme (Mortgage Loan ) for Fruit Merchants of Azadpur Delhi | |
| For all slabs (with 50bps concession to senior borrowers having minimum banking relationship of 5 years or more) | APPLICABLE MCLR+1.50% | |
| 4 | J&K Bank Commercial Vehicle Finance | |
| For Fresh connections | APPLICABLE MCLR+1.50% | |
| For Existing Customers | APPLICABLE MCLR+1.00% | |
| 5 | Kisan Dost Finance Scheme | APPLICABLE MCLR+0.25% |
| 6 | Transport Operators (2ND Hand Vehicles) | |
| For a period up to 4 years | APPLICABLE MCLR+4.25% | |
| For a period exceeding 4 years | APPLICABLE MCLR+4.75% | |
| 7 | J&K BANK SARAL FINANCE TO SMALL BUSINESSMEN | |
| All slabs | APPLICABLE MCLR+3.25% | |
| 8 | Passenger Buses for Schools/Educational Institutions at fixed rate with repayment of the Loan | |
| For a period upto 7 years | ||
| Fresh Connections | APPLICABLE MCLR+ 1.50% | |
| Existing Connections | APPLICABLE MCLR+ 1.00% | |
| For a period above 7 years | ||
| Fresh Connections | APPLICABLE MCLR+ 2.50% | |
| Existing Connections | APPLICABLE MCLR+ 2.00% | |
| 9 | Scheme for purchase of Fitness/Wellness & Health Equipment | APPLICABLE MCLR+ 1.50% |
| 10 | Other Consumer Loans | 3YR MCLR + 3 % |
| 11 | JK Bank Laptop/PC Finance | 3YR MCLR + 2.5 % |
| 12 | JK Bank Solar Equipment Finance | 3YR MCLR + 3 % |
| 13 | Aan Posh Teliyeli wan posh/Finance for purchase of Domestic LPG Connections | APPLICABLE MCLR |
| 14 | JK Bank passenger Bus/minibus finance(For Doda,Bhaderwah&Kishtwar) | |
| UptoRs 2 lacs | APPLICABLE MCLR+1.00% | |
| Above Rs 2 lacs &uptoRs 10 lacs | APPLICABLE MCLR+1.50% | |
| Above Rs 10 lacs | APPLICABLE MCLR+2.00% | |
| 15 | JK Bank Finance for refurbishing of old passenger Buses/mini buses (For Doda,Bhaderwah&Kishtwar) | APPLICABLE MCLR+2.00% |
| 16 | JK Bank Dastkaar Finance | APPLICABLE MCLR+1.00% |
| 17 | Loans under Saholiat / Saral Scheme granted to Salaried employees/ pensioners of Central/ State Government (including Rehbar I Taleem teachers), Public Sector Undertakings (State and Central), Autonomous Bodies and other institutions. | |
| a | Maintaining salary accounts with the Bank | APPLICABLE MCLR+3.00% |
| b | Not maintaining salary accounts with the Bank | APPLICABLE MCLR+4.00% |
| c | Professionals (other than salaried class) / Self Employed Persons & Businessmen | APPLICABLE MCLR+4.00% |
| d | Central / State Government pensioners, including family pensioners, maintaining pension | APPLICABLE MCLR+3.00% |
| accounts with the Bank | ||
| 18 | J&K Bank Aasayish Finance Scheme | |
| Upto Rs 2.00 lac | APPLICABLE MCLR+2.50% | |
| Above Rs 2.00 lac | APPLICABLE MCLR+4.50% | |
| 19 | Festival Advance Scheme | APPLICABLE MCLR+3.50% |
| 20 | Cash Credit scheme for Salaried Employees | APPLICABLE MCLR+3.50% |
| 21 | Skill Loan Scheme | APPLICABLE MCLR+3.10% |
| 22 | Modular Kitchen Finance | |
| For Salaried Employees | APPLICABLE MCLR+3.00% | |
| For Others | APPLICABLE MCLR+3.50% | |
| 23 | High Density Apple Plantation Finance Scheme | APPLICABLE MCLR+0.60% |
| 24 | Apiculture Finance Scheme | APPLICABLE MCLR+0.50% |
| 25 | Loans under Government sponsored schemes. (floating) For all Limits | APPLICABLE MCLR+2.75% |
| 26 | Shere-Kashmir Employment & Welfare Programme for the Youth of J&K (fixed) Effective interest rate shall be worked out on the basis of 50 basis points over and above the APPLICABLE MCLR as on date of sanction. The effective rate so arrived shall remain fixed for the entire tenor of the loan | APPLICABLE MCLR+0.50%* |
| 27 | Centrally Sponsored scheme for integrated development of small Ruminants & rabbits | |
| UptoRs 2 lacs | APPLICABLE MCLR+1.25% | |
| Above Rs 2 lacs &upto Rs 5.00 lacs | APPLICABLE MCLR+1.75% | |
| Above Rs 5.00 lacs | APPLICABLE MCLR+2.25% | |
| 28 | J&K Bank Mini Sheep Farm Scheme | APPLICABLE MCLR+1.00% |
| 29 | Dairy Entrepreneurship Development Scheme (DEDS) | |
| Upto Rs 2.00 lacs | APPLICABLE MCLR+1.50% | |
| Above Rs 2.00 lacs & upto Rs 5.00 lacs | APPLICABLE MCLR+2.00% | |
| Above Rs 5.00 lacs & upto Rs 20.00 lacs | APPLICABLE MCLR+2.50% | |
| Above Rs 20.00 lacs | APPLICABLE MCLR+3.50% | |
| 30 | Loans to land lords for construction of premises for Bank’s use | |
| Up to Rs.20.00 lacs | APPLICABLE MCLR+4.25% | |
| Above Rs.20.00 lacs | APPLICABLE MCLR+4.75% | |
| 31 | JK Bank ATV/ Snowmobiles Finance Scheme | APPLICABLE MCLR+2.00% |
| 32 | LOAN AGAINST GOLD AND JEWELLERY | Fixed rate of Interest @ 10.00% p.a (APPLICABLE TILL 31.03.2020) One Year MCLR + Spread = 10.00% p.a FEMALE BORROWERS /JOINT ACCOUNT HAVING ONE MEMBER AS FEMALE TO GET 50 BPS CONCESSION. |
| 32 | HELP TOURISM | 3YR MCLR |
External Benchmark/ Repo Linked Lending Rate (RLLR)
Existing RLLR |
Revised Rate w.e.f October 10,2023 |
RLLR-9.45% (Policy Repo Rate 6.50%+spread 2.95%) |
RLLR-9.45% (Policy Repo Rate 6.50%+spread 2.95%) |
| S.No. | Scheme Description | |
| 1 | Micro and Small Enterprises(Floating) | |
| 1.1 | Upto Rs 15.00 Lacs | RLLR+3.00% |
| 1.2 | Rs 15.00 Lacs and above | As per Risk Rating |
| 2 | Retail Trade(Floating) | |
| 2.1 | Upto Rs 2.00 Lacs | RLLR+3.00% |
| 2.2 | Above Rs 2.00 Lacs upto Rs 15.00 Lacs | RLLR+3.50% |
| 2.3 | Rs 15.00 Lacs and above | As per Risk Rating |
| 3 | Housing Loans (Floating Rate) | |
| 3.1 | Housing loans qualifying for priority Sector Classification | RLLR |
| 3.2 | Upto Rs 100.00 lac ( Non-Priority) | RLLR+0.10% |
| 3.3 | Above Rs 100.00 lac to Rs 300.00 lac | RLLR+0.25% |
| 3.4 | Above Rs 300.00 lacs | RLLR+0.40% |
| 4 | Housing Loans under CRE (Floating Rate) | RLLR+3.50% |
| 5 | Home Loan-Top Up Finance Scheme (Floating Rate) | RLLR+2.00% |
| 6 | Car Loans ( Fresh Cars) under floating rate option | |
| 6.1 | For General Public | RLLR+0.75% |
| 6.2 | For Companies & Firms | RLLR+1.25% |
| 7 | Car Loans ( Fresh Cars) under fixed interest rate option | |
| 7.1 | For General Public | RLLR + 1.50% |
| 7.2 | For Companies & Firms | RLLR + 2.00% |
| 8 | Car Loans (2nd Hand Cars) under fixed interest rate option with repayment of the loan | |
| 8.1 | For a period up to 4 years | RLLR +3.75% |
| 8.2 | For a period exceeding 4 years | RLLR +4.75% |
| 9 | Two wheeler loans under fixed interest rate option | RLLR +2.00% |
| 10 | Two wheeler loans under floating interest rate option | RLLR +1.50% |
| 11 | Education Loans with tenure exceeding 5 years( Floating rate) | |
| 11.1 | Upto Rs 10.00 lacs | RLLR+1.50% |
| 11.2 | Above Rs 10.00 lacs and upto Rs 20.00 lacs | RLLR+2.25% |
| 11.3 | Above Rs 20.00 lacs | RLLR+2.75% |
| 12 | Education Loans with tenure up to 5 years ( at fixed interest rate) | |
| 12.1 | Up to Rs. 10.00 lacs | RLLR+ 2.00% |
| 12.2 | Above Rs.10.00 lacs and up to Rs.20.00 lacs | RLLR +3.00% |
| 12.3 | Above Rs.20.00 lacs | RLLR +3.50% |
| 13 | Working capital facilities under JK Bank Contractor Finance Scheme (Floating rate) | |
| 13.1 | Up to Rs.2.00 lacs | RLLR +3.00% |
| 13.2 | Above Rs.2 lacs and less than Rs.15.00 lacs | RLLR +3.50% |
| 13.3 | Rs.15.00 lacs & above | As per Risk Rating |
| 14 | J&K Bank Oil Tanker Finance Scheme (Floating rate) | RLLR +0.20% |
| 15 | Bank finance of sale & manufacture of Gold ornaments/ Jewelry (Floating rate) | |
| 15.1 | Up to Rs.2.00 lacs | RLLR +3.00% |
| 15.2 | Above Rs.2.00 lacs &less than Rs.15.00 lacs | RLLR +3.50% |
| 15.3 | Rs.15.00 lacs & above | As per Risk Rating |
| 16 | Loans and Advances under JK Bank Fair Price Shop Scheme (Floating rate) | RLLR +3.50% |
| 17 | JK Bank Easy Working Capital Finance Scheme for Trade & Services Sector (Floating rate) | RLLR +2.00% |
| 18 | Loan against a property (LAP) (Floating rate) | RLLR +2.00% |
| 19 | JK Bank Easy WC finance for textile traders of Surat (Floating rate) | RLLR + 3.00% |
| 20 | Working capital facilities against mortgage backed securities under special scheme for iron & Steel traders of LohaMandi, Naraina | |
| 20.1 | For accounts having minimum forced sale value of collateral security at 125% of Sanction Limit | RLLR +1.25% |
| 20.2 | For accounts having minimum forced sale value of collateral security at 100% of sanction limit | RLLR +2.00% |
| 21 | Working capital facilities against mortgage backed securities under special scheme for plastic & grain traders of Sadar Bazaar , Delhi | |
| 21.1 | For limits up to Rs.1000.00 lacs | RLLR +3.25% |
| 22 | Startup Finance Scheme | RLLR |
| 23 | Start Again-Finance scheme for retired employees | |
| 23.1 | Loans upto Rs 15.00 lac | RLLR |
| 23.2 | Loans above Rs 15.00 lac | As per Risk Rating |
| 24 | JK Bank Construction Equipment finance (floating Rate) | |
| 24.1 | Less than Rs 15.00 lakhs | RLLR +2.50% |
| 24.2 | 15 lakh and above | As per Risk Rating |
| 25 | Technology Upgradation Scheme for MSEs. Less than Rs15.00 lacs (Floating Rate) | |
| 25.1 | Micro enterprises (as per MSE) | RLLR +3.25% |
| 25.2 | Small enterprises (as per MSE) | RLLR +3.75% |
| 26 | Muhafiz Finance Scheme ((Floating Rate) | RLLR |
| 27 | Sahafat Fianance Scheme | |
| 27.1 | Term Loan | RLLR +3.10% |
| 27.2 | Cash Credit | RLLR +3.10% |
| 28 | Coaching Fee Loan Scheme (Floating Rate) | RLLR +2.00% |
| 29 | J&K Bank Karobar Finance Card (Floating Rate) | RLLR +1.00% |
| 30 | J&K Bank Weavers Mudra Scheme (Floating Rate) | RLLR +3.00% |
| 31 | Loans Against Rental Discounting (LRD) (Floating Rate) | RLLR +2.50% |
| 32 | J&K Bank Channel Finance Scheme (Floating Rate) | |
| 32.1 | Tangible Collateral (0%) | RLLR +1.50% |
| 32.2 | Tangible Collateral (Min 25%) | RLLR +0.75% |
| 32.3 | Tangible Collateral (Min 50% & Above) | RLLR +0.50% |
| 33 | Loans against the security of:- | |
| 33.1 | Life Insurance policies, Postal securities (NSCs, KVPs) and other permitted Government securities | RLLR +4.00% |
| 33.2 | Shares/ convertible debentures and other equity linked permitted securities | RLLR +6.50% |
| 34 | Health Plus Scheme(Floating) | RLLR+2.50% |
Note:
· Concessions stipulated in various schemes over and above the general interest rates shall continue to remain in force.
· Rate of interest on the fixed rate loans at the time of disbursement/ renewal/ review will not be lower than the MCLR of respective maturity. The interest rate however will remain fixed for entire tenor of loan
(I) Loan Against Bank’s Own Term Deposits (including NRE & NRO Rupee Term |
||
Nature of facility |
Margin |
Rate of Interest |
Loans and advances against bank’s own Term Deposits (including NRE & NRO Term Deposits) standing in the name of the borrower. [Singly, jointly or as guardian , or in the name of partnership firm, Public/Private Ltd Company Trusts or Societies] |
10% for advances against term deposits having residual maturity upto 5 (five) years as on date of advance |
1.50% above the rate allowed on deposit. |
15% for advances against term deposits having residual maturity of more than 5 (five) years as on date of advance |
||
(II) Loan Against Bank’s Own Term Deposits (including NRE & NRO Rupee Term |
||
Nature of facility |
Margin |
Rate of Interest |
Loans and Advances to Individual borrowers against third party term deposits (including NRE & NRO Term Deposits) standing in the name of individuals or entities other than individuals e.g. Partnership Concerns, Societies, Trusts, Public/ Private Ltd Companies etc. |
10% for advances against term deposits having residual maturity upto 4 (four) years as on date of advance |
2.00% above the rate allowed on term deposit OR |
15% for advances against term deposits having residual maturity of more than 4 (four) years but not more than 6 (six) years as on date of advance. |
||
20% for advances against term deposits having residual maturity of more than 6 (six) years as on date of advance. |
||
Loans & Advances to entities other than individuals e.g. Partnership Concerns, Societies, Trusts, Public/Private Ltd Companies etc. against third party Term Deposits ((including NRE & NRO Term Deposits) standing in the name of individual or entities other than individuals e.g. Partnership Concerns, |
10% for advances against term deposits having residual maturity upto 3 (Three) years as on date of advance |
2.00% above the rate allowed on term Applicable MCLR |
15% for advances against term deposits having residual maturity of more than 3 (three) years but not more than 5 (five) years as on date of advance. |
||
20% for advances against term |
||
Societies, Trusts, Public/ Private |
deposits having residual maturity of more than 5 (five) years but not more than 7 (seven) years as on date of advance. |
|
(III) Loan Against Inter-bank’s Term Deposits |
||
Loans & Advances to Scheduled Commercial banks, Co- operative banks and RRB’s against their own term deposits with our bank |
10% |
1.00% above the rate allowed on term deposit |
Interest rate range of contracted loans for the quarter ending Dec, 2022 for different categories of advances granted to individual borrowers along with mean interest rates for such loans.
GL_SUBHEAD |
GL Desc |
SCHM_CODE |
No. of Accounts |
Interest rate range |
Mean/Average |
Weighted Average/ |
26530 |
Consumption Loan (Public) |
CNOTH |
21978 |
8.50-13.20 |
11.72 |
11.72 |
26550 |
Housing Loan (Public) |
HLOTH |
3500 |
8.00-12.70 |
9.16 |
9.21 |
26630 |
Education Loans |
EDULA |
593 |
8.25-11.95 |
9.97 |
10.45 |
26524 |
Car Loan Public |
JKCAR |
6897 |
8.35-18.45 |
9.67 |
9.86 |
02102 |
J&K Bank Cash Credit - Govt Empl. |
CCGEM |
3768 |
8.25-12.00 |
11.37 |
11.67 |
26544 |
JK Bank Comm Vech FIN |
JKCMF |
688 |
8.85-12.35 |
10.86 |
11.33 |
26585 |
Used Car Loan |
USCAR |
229 |
8.35-13.95 |
12.62 |
13.71 |
26610 |
Transport Loans |
TRPLA |
1177 |
9.35-12.45 |
10.85 |
11.09 |
02050 |
CC Contractor Finance |
CCONT |
18 |
8.50-12.70 |
11.98 |
11.56 |
26510 |
Consumer Loans (Public) |
COTHS |
1989 |
8.25-12.70 |
11.52 |
12.00 |
26514 |
Two Wheeler Finance |
JKTWF |
1942 |
8.25-11.70 |
10.65 |
10.91 |
02014 |
Mortgage Loan Trade / Service |
CCMRT |
52 |
9.45-12.70 |
11.07 |
10.87 |
26800 |
Loan Against Mortgage |
LAMRT |
328 |
8.50-12.20 |
10.80 |
11.05 |
The interest rates applicable on FCNR (B) deposits w.e.f November 09, 2023 shall be as under :
1 year to less than 2 years |
2 years to less than 3 years |
3 years to less than 4 years |
4 years to less than 5 years |
5 years only |
|
| FCY | |||||
| USD | 5.70 |
4.80 |
4.50 |
4.00 |
4.00 |
| GBP | 4.60 |
3.75 |
3.50 |
3.50 |
3.50 |
| EUR | 3.40 |
3.00 |
0.60 |
0.60 |
0.60 |
| JPY * | 0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| CAD* | 4.00 |
3.50 |
3.50 |
0.00 |
0.00 |
| AUD * | 4.00 |
3.25 |
3.25 |
0.00 |
0.00 |
*Deposits in JPY,CAD & AUD to be accepted for a maximum period of 3 years only.
The interest rates applicable on RFC deposits w.e.f November 09, 2023 shall be as under:
|
|||||
| Period | USD |
GBP |
EUR |
JPY |
|
| 1 Month to less than 6 Months | 2.66 |
2.60 |
0 |
0 |
|
| 6 Months to less than 1 Year | 2.73 |
2.66 |
0 |
0 |
|
| 1 Year to less than 2 Years | 5.70 |
4.60 |
3.40 |
0 |
|
| 2 Years to less than 3 Years | 4.80 |
3.75 |
3.00 |
0 |
|
| 3 Years | 4.50 |
3.50 |
0.60 |
0 |
RFC Saving Deposits
The interest rates applicable on RFC Saving deposits w.e.f November 09 , 2023 shall be as under:
| Currency | USD |
GBP |
EUR |
JPY |
| Interest Rate | 0.67 |
0.65 |
0 |
0 |
The revised interest rates shall be applicable on fresh deposits and renewal of maturing deposits.
