Interest Rate on Advances Linked to MCLR

Annexure I

Master Table (Other than MSME)

internal Risk Rating/ PNB Score/PNB Score SME		External rating
		AAA	AA	A	BBB	Unrated	BB & Below	Unrated$
A1	>80	MCLR+ 0.20	MCLR+0.25	MCLR+ 0.65	MCLR+ 1.25	MCLR+ 1.50	MCLR+ 2.15	MCLR+ 2.15
A2	>70<=80	MCLR+0.20	MCLR+0.30	MCLR+ 0.70	MCLR+ 1.30	MCLR+ 1.55	MCLR+ 2.15	MCLR+ 2.15
A3	>64<=70	MCLR+ 0.55	MCLR+ 0.65	MCLR+ 1.05	MCLR+ 1.65	MCLR+ 1.90	MCLR+ 2.50	MCLR+ 2.50
A4	>58<=64	MCLR+ 1.05	MCLR+ 1.10	MCLR+ 1.50	MCLR+ 2.10	MCLR+ 2.35	MCLR+ 3.00	MCLR+ 3.00
B1	>52<=58	MCLR+ 1.60	MCLR+ 1.65	MCLR+ 2.05	MCLR+ 2.65	MCLR+ 2.90	MCLR+ 3.50	MCLR+ 3.50
B2	>46<=52	MCLR+ 2.50	MCLR+ 2.55	MCLR+ 2.95	MCLR+ 3.60	MCLR+ 3.85	MCLR+ 4.45	MCLR+ 4.45
B3	>40<=46	MCLR+ 4.30	MCLR+ 4.35	MCLR+ 4.75	MCLR+ 5.00	MCLR+ 5.00	MCLR+ 5.00	MCLR+ 5.00
C1	>35<=40	MCLR+5.00
C2	>25<=35
C3	<=25

$All unrated claims on Corporates, AFCs, and NBFC-IFCs having aggregate exposure from banking system of more than INR 100 Crores which were rated earlier and subsequently have become unrated or having aggregate exposure from banking system of more than INR 200 Crores.

Following Interest Rate factors to be added in ROI for all Term Loan Accounts under B1, B2 & B3 (internally rated), over and above the spread prescribed under the above Master Table:

Rating Grade	Additions in ROI for Term Loan Accounts
B1	0.05%
B2	0.10%
B3	0.50%

MSME Advances:

Particulars	Rate of interest
Advances up to Rs. 50000/-	MCLR
Advances above Rs. 50000/- & up to Rs 20 lacs	MCLR+1.25%
Advances above Rs. 20 lacs	As per MSME Master Table

Master Table (MSME)

Internal Risk Rating/PNB Score/PNB Score SME		External rating
		AAA	AA	A	BBB	Unrated	BB & Below
A1	>80	MCLR+ 0.20	MCLR+ 0.25	MCLR+ 0.30	MCLR+ 0.40	MCLR+ 0.55	MCLR+ 2.05
A2	>70<=80	MCLR+ 0.20	MCLR+ 0.30	MCLR+ 0.35	MCLR+ 0.45	MCLR+ 0.60	MCLR+ 2.10
A3	>64<=70	MCLR+ 0.55	MCLR+ 0.65	MCLR+ 0.75	MCLR+ 0.85	MCLR+ 1.00	MCLR+ 2.45
A4	>58<=64	MCLR+ 1.10	MCLR+ 1.15	MCLR+ 1.20	MCLR+ 1.30	MCLR+ 1.45	MCLR+ 3.00
B1	>52<=58	MCLR+ 1.60	MCLR+ 1.65	MCLR+ 1.70	MCLR+ 1.80	MCLR+ 1.95	MCLR+ 3.50
B2	>46<=52	MCLR+ 2.50	MCLR+ 2.60	MCLR+ 2.95	MCLR+ 3.55	MCLR+ 3.80	MCLR+ 4.40
B3	>40<=46	MCLR+ 4.40	MCLR+ 4.45	MCLR+ 4.85	MCLR+ 5.00	MCLR+ 5.00	MCLR+ 5.00
C1	>35<=40	MCLR+5.00
C2	>25<=35
C3	<=25

Other Advances:

Particulars	Rate of interest
Advances up to Rs. 2.00 lacs	MCLR+3.00%
Advances above Rs. 2.00 lacs {including CRE (RH), Future Lease Rentals, & NBFCs (AFC)}	As per Master Table (Other than MSME)
Advances over 2.00 lacs to CRE (Others), NBFCs(Others), Capital Market, Film Production/ Entertainment Industry	1.00% over and above rates prescribed in the Master Table (Other than MSME)

Other Guidelines

Under the MCLR system, the interest rate applicable to an account shall remain fixed during the reset period, which is applicable on all loans sanctioned & renewed w.e.f. 01.04.2016 and all Base Rate linked loans desiring to shift to MCLR system. The periodicity of reset shall correspond to the maturity period of the MCLR.

All working capital advances and Term Loan on floating rate (any maturity) will linked with one year MCLR except those loans which are specifically linked with particular MCLR.

In any case, interest rate on advances shall not be below the MCLR, wherever ROI is linked to MCLR.

Advances where valid External Risk Rating is not available or external rating expired be treated as unrated category.

Scheme specific rate of interest

Advance against Bank`s Own Deposits:

Particulars	Rate of interest
Rupee Loans & Advances against Term Deposits standing in the name of Borrowers (singly/jointly or as a guardian in case of Individual Borrowers), including NRE deposits	1% above the rate allowed on deposit
Advances to Borrowers against third party term deposits including NRE deposits standing in the name of individuals or entities other than individuals e.g. Partnership Concerns, Societies, Trusts, Public/ Private Ltd Cos etc.	2% above the rate allowed on deposit subject to minimum of MCLR.
Rupee Loans & Advances against FCNR(B) Deposits standing in the name of the borrower (singly/jointly or as a guardian), Advances against term deposits held by the bank for less than minimum stipulated period of FDR (on cancellation) and for advances against balance lying in current/ savings a/c)	MCLR
Advances against third party FCNR(B) deposits	MCLR+0.75%

Advance against:

Particulars	Rate of interest
Life Insurance Policies including Postal Life Insurance (LIP)	MCLR + 1.00%
Postal securities (NSC/KVP/IVP)/ RBI Relief Bonds
I. Demand Loan	MCLR + 3.00%
II. Overdraft	MCLR + 3.50%
Other Govt. Securities, Bonds, Units of Mutual Fund, FDRs of PNB Subsidiaries, etc.	MCLR + 3.50%
Postal Term Deposits	MCLR + 3.00%

Schemes for financing against pledge/e-pledge of warehouse receipts issued by approved Collateral Managers including under tie up with N-SPOT:

Particulars	Rate of interest
Loans up to Rs. 50 lakh to Individual farmers [including Self Help Groups (SHGs) or Joint Liability Groups (JLGs) i.e. groups of individual farmers, provided banks maintain disaggregated data on such loans] engaged in Agriculture & allied activities, Corporates, Partnership firms and institutions engaged in Agriculture and Allied activities.	MCLR+1%
Loans to Micro, Small & Medium Enterprises including food and agro processing units under MSME	MCLR+1%
Others:	As applicable for other advances (Other than MSME)

*The above ROI will be applicable up to 30.09.2018 for all accounts with Credit Risk Rating B3 (Score >40) and above wherever applicable.

Scheme for Financing Dealers/ Sellers of Agriculture Inputs and Scheme for Financing Distributors of Agriculture Inputs:

Scheme Type	Rate of Interest
Scheme for Financing Dealers/ Sellers of Agriculture Inputs	Realizable Value of Collateral Security			Revised Interest rate
	Minimum 100%			MCLR 1 year + 2.10%.
	More than 100% less than 150%			MCLR 1 year + 1.60%.
	More than 150%			MCLR 1 year + 1.10%.
Scheme for Financing Distributors of Agriculture Inputs for B1 and above rated accounts.	MCLR 1 year + 1.10%.

Discounting Of Bills:

Tenor of the Bills backed by confirmed ILCs of Approved Banks	Rate of interest
Upto 90 days	MCLR (3 Month)
91 to 180 days	MCLR (6 Month)
181 days – upto less than 1 year	MCLR (1 Year)
Bills not backed by ILCs	Interest Rates as applicable to Working Capital Limits. (As per Master Table (Other than MSME)

*The above rate shall apply when the bills are realized as per the original tenor of the bill. In case of bills not realized as per the original tenor of the bill, interest is to be recovered at MCLR (1 year) + 6.00% for the particular bill from the due date, for the overdue period.

Intermediary Agencies:

Particulars	Rate of interest
Loans sanctioned upto 31.01.2000
Finance granted to Intermediary Agencies (excluding those for Housing) for on lending to Ultimate Beneficiaries and Agencies providing input support	MCLR + 3.00
Finance granted to Housing Finance Intermediary Agencies for on lending to Ultimate Beneficiaries	MCLR + 3.00
Term Loans sanctioned w.e.f. 01.02.2000 and Working Capital Advance to Intermediary Agencies (including Housing Finance Agencies)	Minimum MCLR + 3.00

Rupee Export Credit:

Particulars	Rate of interest
Pre-shipment Credit Upto 270 days Against incentives receivable from Govt. covered by ECGC Guarantee (upto 90 days)	MCLR + 0.75%
Post-Shipment Credit Demand bills for transit period (as specified by FEDAI) Usance bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable).Upto 180 days Overdue bills upto 180 days from the date of advance Against incentives receivable from Govt. covered by ECGC Guarantee (upto 90 days) Against undrawn balance (upto 90 days) Against retention money (for supplies portion only) payable within one year from the date of shipment (upto 90 days)
Deferred Credit Deferred credit for the period beyond 180 days.	MCLR + 6.00%
Export Credit Not Otherwise Specified (ECNOS): Pre-shipment Credit Post-shipment Credit

Annexure II

Interest Rate on Advances - Retail Segment Loan

S No.	Loan Products	Schemes		Rate of interest (Based on MCLR of 1 year)
				Limit Up to Rs. 75 Lac	Limit above Rs. 75 Lac
1	Housing loan	Floating Women*		MCLR+0.20%	MCLR+0.25%
		Floating Others		MCLR+0.25%	MCLR+0.30%
		Floating PNB PRIDE #(Housing)		MCLR+0.20%	MCLR+0.25%
		PNB Max Saver ! Women (available under floating ROI only)		MCLR+0.35%	MCLR+0.40%
		PNB Max Saver! Others (available under floating ROI only)		MCLR+0.40%	MCLR+0.45%
		Floating OD HL		MCLR + 1.40%
		Fixed General		FLOATING +0.50%
		Fixed PNB Pride#		Floating (PNB PRIDE #) +0.50%
		For purchase of stand alone solar system		MCLR+2.10%
		# PNB PRIDE is for Cenral/State Government Employee/Defence Personnel & Para Military Forces
		! PNB Max Saver is Housing Loan in the form of Overdraft with reducing drawing power.
		*Women should be the sole applicant or one of the co-applicant for the Home Loan and also the sole owner or one of the co-owners of the property proposed to be financed by the bank.
2	Car Loan	Floating
		Women, PNB PRIDE & Corporates (Under floating rate) Irrespective of CICs score		MCLR + 0.60%
		Others Individual(Floating)	CIC Score 750 & above	MCLR + 0.60%
			CIC Score 700 and up to 749	MCLR + 0.80%
			CIC Score less than 700	MCLR + 1.05%
		Fixed
		Fixed for all		MCLR+0.95%
		PNB Pride (Fixed Option)		MCLR+0.95%
3	Two wheeler	Scheme/ Borrower Type	Repayment Period
		Salary being disbursed through PNB and /or under check-off facility.	< 3 years	MCLR+3.25%
			>= 3 years	MCLR+3.75%
		Others including business concern	< 3years	MCLR+4.25%
			>= 3 years	MCLR+4.75%
		Power Ride (for Women Only)		MCLR+1.75%
4	Education loan	PNB Kaushal	Loan up to Rs. 1.50 lac	MCLR+1.50%
			Education Loan to children of PNB`s Employees where employee is either co-borrower or guarantor (Under CGFSSD-Optional)	MCLR+0.50%
			Others	MCLR+0.10%
		PNB Saraswati/Udan	Loan up to 7.50 lac	MCLR+2.00%
			Loan Above Rs, 7.50 lac	MCLR+2.60%
			Loans irrespective of amount (where 100% tangible collateral security in the shape of IP,enforceable under SARFAESI Act,and/or liquid security security is available)	MCLR+1.85%
			Loan for pursuing education from premier foreign universities and educational institutes (200) under PNB Udaan Loan up to 7.50 lac Covered under CGFSEL	MCLR+1.85%
			Others	MCLR+1.85%
		Education Loan to children of PNB`s Employee is either co-borrower or guarantor.		MCLR+0.10%
		PNB Pratibha admission to other than IITs , IIMs, XLRI Jamshedpur and NITs	Loan up to Rs. 7.50 lac	MCLR+0.60%
			Loan above Rs. 7.50 lac	MCLR+0.10
		PNB Pratibha admission to IITs , IIMs, XLRI Jamshedpur and NITs	Loan up to Rs. 7.50 lac	MCLR+0.50%
			Loan above Rs. 7.50 lac	MCLR
		PNB Honhaar	Loan up to Rs. 10.00 lac	MCLR+2.00%
		PNB Bihar Student Credit Card Scheme	Loan up to Rs.4.00 lac	MCLR+2.00%
		Concessional Loan to Persons with Disabilities	Women	3.50%
			Others	4.00%
			No further concession in interest shall be available to any category of borrowers for regular servicing of interest during moratorium period.
5	Personal Loan	Loans upto Rs.10 lac -For individuals whose salary is being disbursed through our branches only (Including Defence Personnel).		MCLR + 3.55%
		*Loans above Rs.5 lacs & upto Rs.10 lac* -For other categories i.e., applicants not having salary account with our bank irrespective of check off facility.(*Field functionaries are not empowered to sanction these cases.)		MCLR + 4.55%
		Loans upto Rs.5 lac -For individuals who are availing the loan under check off facility (Including Defence Personnel)		MCLR + 5.55%
		For others upto Rs.5 lac		MCLR + 6.55%
6	Pension loan	Personal Loan to Pensioners (Pension Loan)		MCLR + 2.80%
7	Gold loan	Productive Purpose	For agriculture	MCLR+1.60%
			Others	MCLR+2.60%
		Non-Productive Purpose	Public/Staff	MCLR+2.60%
8	Reverse mortgage	For all(Fixed with reset clause of five years)		MCLR+2.60%
9	Earnest Money Deposit	For all		MCLR+0.10%

Advance against Mortgage of Immovable Property (IP)

S No.	Risk rating/ PNB score	Repayment period < 3 y	Repayment Period =3 yr
10	A1 / >80	MCLR +1.75	MCLR +2.25
	A2 / > 70 = 80	MCLR +2.00	MCLR +2.50
	A3 / > 64 = 70	MCLR +2.25	MCLR +2.75
	A4 / > 58 = 64	MCLR +2.50	MCLR +3.00
	B1 / > 52 = 58	MCLR +2.75	MCLR +3.25
	B2 / > 46 = 52	MCLR +3.00	MCLR +3.50
	B3 / > 40 = 46	MCLR +3.50	MCLR +4.00
	C1 / > 35 = 40	MCLR +4.00	MCLR +4.50
	C2 / > 25 = 35	MCLR +4.50	MCLR +5.00
	C3 / = 25	MCLR +5.50	MCLR +6.00

Annexure III

Interest Rate on Advances – Agriculture Advances

Crop Loans/ KCC

S. N.	Particulars	Rate of Interest
		Sanctioned Limit upto Rs. 20 lakh	Sanctioned Limit > Rs. 20 lakh
(1)	Regular Crop Loans/ KCC	7% upto outstanding of Rs. 3.00 Lacs and MCLR (1 year) + 1.05% over Rs. 3.00 Lacs	7% upto outstanding of Rs. 3.00 Lacs and over Rs. 3.00 Lacs as per Master Table (Other than MSME)
(2)	Irregular Crop Loans/ KCC	MCLR (1 year) + 1.05%	As per Master Table (Other than MSME)

NRLM (National Rural Livelihood Mission)

S. N.	Particulars	Rate of Interest
		Sanctioned Limit upto Rs. 20 lakh	Sanctioned Limit > Rs. 20 lakh
1	NRLM loans to women in 250 identified districts
a	Loans repayable in upto 1 year	7% upto outstanding of Rs. 3.00 Lacs and MCLR (1 year) + 2.10% over Rs. 3.00 Lacs	7% upto outstanding of Rs. 3.00 Lacs and over Rs. 3.00 Lacs As per Master Table (Other than MSME)
b	Loans repayable in > 1 year and upto 3 years	7% upto outstanding of Rs. 3.00 Lacs and MCLR (1 year) + 2.15% over Rs. 3.00 Lacs	7% upto outstanding of Rs. 3.00 Lacs and over Rs. 3 Lacs As per Master Table (Other than MSME)
c	Loans repayable in > 3 years	7% upto outstanding of Rs. 3.00 Lacs and MCLR (1 year) + 2.70% over Rs. 3.00 Lacs	7% upto outstanding of Rs. 3.00 Lacs and over Rs. 3 Lacs As per Master Table (Other than MSME)
2	NRLM loans to non-women in 250 identified districts and other than 250 districts
a	Loans repayable in upto 1 year	MCLR (1 year) + 2.10%	As per Master Table (Other than MSME)
b	Loans repayable in > 1 year and upto 3 years	MCLR (1 year) + 2.15%
c	Loans repayable in > 3 years	MCLR (1 year) + 2.70%

SRLM (State Rural Livelihood Mission)

S. N.	Particulars	Rate of Interest
1	Sanctioned Limit upto Rs. 20 lakh
(a)	Loans repayable in upto 1 year	MCLR (1 year) + 2.10%
(b)	Loans repayable in > 1 year and upto 3 years	MCLR (1 year) + 2.15%
(c)	Loans repayable in > 3 years	MCLR (1 year) + 2.70%
2	Sanctioned Limit > Rs. 20 lakh	As per Master Table (Other than MSME)

Other Agriculture Loans

S. N.	Particulars	Rate of Interest
1	Sanctioned Limit upto Rs. 20 lakh
a	Loans repayable in upto 1 year	MCLR (1 year) + 1.05%
b	Loans repayable in > 1 year and upto 3 years	MCLR (1 year) + 1.05%
c	Loans repayable in > 3 years	MCLR (1 year) + 1.05%
2	Sanctioned Limit above Rs. 20 lakh	As per Master Table (Other than MSME)

Schemes with concessional rate of interest

S. N.	Particulars	Loans repayable in upto 3 years		Loans repayable in above 3 years
a	0.50% Concession to women beneficiaries under Priority Sector and 0.25% under non-priority sector under Women Empowerment Campaign
b	In case of tie up arrangements with corporate or other legal entities where GM, PS&LB Division, HO has considered concession in ROI to the extent of 0.50%.
c	* Central Sector Scheme for construction/ renovation/ expansion of Rural Godowns (both for working capital & term loans) Advances for construction of Godowns (as per FCI/CWC specifications with long term lease agreements with FCI /CWC /SWC /Reputed Corporates who shall undertake to remit the monthly rent directly to bank) for Internal Risk Rating B1 and above and External Rating BBB & above (wherever applicable)	MCLR 1 year		MCLR 1 year + 0.60%
d	*Central Sector Scheme for construction/ renovation/ expansion of Cold Storages/ Storages for Horticultural Produce (both for working capital and T/L) for Internal Risk Rating B1 and above and External Rating BBB & above (wherever applicable)	MCLR 1 year		MCLR 1 year + 0.60%
e	* Scheme for Financing to Cold Storage Units for facilitating the farmers and also to meet running expenditures of Cold Storages for Internal Risk Rating B1 and above rated accounts and External Rating BBB & above (wherever applicable)	MCLR 1 year
f	* Scheme for Financing to Food & Agro Processing classified under Agriculture
		i. For accounts with PNB Score (>52)/Internal Risk Rating B1 & above and External Rating BBB & above (wherever applicable):	Internal Risk Rating/ PNB Score		Collateral Coverage
					Above 100%	>75% to 100%	50% to 75%	Below 50%
			A1 & A2	>70	MCLR1 year	MCLR1 year	MCLR1 year + 0.35%	MCLR1 year + 0.60%
			A3,A4 & B1	<=70>52	MCLR1 year + 0.60%	MCLR1 year + 0.85%	MCLR1 year + 1.10%	MCLR1 year + 1.35%
		ii. For accounts with PNB Score (>52)/Internal Risk Rating B1 & above and External Rating BB & below/ unrated accounts	Internal Risk Rating/ PNB Score		Collateral Coverage
					Above 100%	>75% to 100%	50% to 75%	Below 50%
			A1 & A2	>70	MCLR 1 Yr+ 1.10%	MCLR 1 Yr+ 1.15%	MCLR 1 Yr+ 1.20%	MCLR 1 Yr+ 1.25%
			A3	>64=70	MCLR 1 Yr+ 1.10%	MCLR 1 Yr+ 1.15%	MCLR 1 Yr+ 1.20%	MCLR 1 Yr+ 1.35%
			A4	>58=64	MCLR 1 Yr+ 1.30%	MCLR 1 Yr+ 1.40%	MCLR 1 Yr+ 1.55%	MCLR 1 Yr+ 1.60%
			B1	>52=58	MCLR 1 Yr+ 1.55%	MCLR 1 Yr+ 1.65%	MCLR 1 Yr+ 1.90%	MCLR 1 Yr+ 1.95%

*The concessions in respect of financing to rural godowns and cold storages (both for working capital and term loan) shall be applicable to sanctioned limits above Rs. 20 Lacs only.
*It would remain applicable upto 31.03.2019 for working capital loans sanctioned/ renewed and Term Loans sanctioned/ reviewed during current FY 2018-19.