1. EXPOSURE UP TO RS.20 LAKHS
|
Particulars
|
Spread over MCLR
|
|
Advances up to Rs. 50000/-
|
0.00%
|
|
Advances >Rs. 50000/- to Rs. 20 Lakh
|
1.50%
|
2.EXPOSURE ABOVE Rs. 20 LAKH AND LESS THAN Rs. 5 CRORE
|
Internal Risk Rating
|
Spread over MCLR
|
|
A1
|
0.80%
|
|
A2
|
1.30%
|
|
A3
|
1.60%
|
|
A4
|
1.65%
|
|
B1
|
2.95%
|
|
B2
|
4.10%
|
|
B3
|
7.40%
|
|
C1& below
|
8.00%
|
3.EXPOSURE from Rs. 5 CRORE and up to Rs. 10 Crores
(Spread over MCLR)
|
Grade
|
External Rating
|
|
AAA
|
AA
|
A
|
BBB/Unrated@100%
|
BB & below /Unrated@150%
|
|
PNB-A1
|
0.20%
|
0.30%
|
0.40%
|
0.80%
|
1.20%
|
|
PNB-A2
|
0.70%
|
0.80%
|
0.90%
|
1.30%
|
1.70%
|
|
PNB-A3
|
1.00%
|
1.10%
|
1.20%
|
1.60%
|
2.00%
|
|
PNB-A4
|
1.05%
|
1.15%
|
1.25%
|
1.65%
|
2.05%
|
|
PNB-B1
|
2.35%
|
2.45%
|
2.55%
|
2.95%
|
3.35%
|
|
PNB-B2
|
3.50%
|
3.60%
|
3.70%
|
4.10%
|
4.50%
|
|
PNB-B3
|
6.80%
|
6.90%
|
7.00%
|
7.40%
|
7.80%
|
|
PNB-C1 & Below
|
8.00%
|
3.1 EXPOSURE ABOVE Rs. 10 Crore to Rs. 50 Crore
(Spread over MCLR)
|
Grade
|
External Rating
|
|
AAA
|
AA
|
A
|
BBB/Unrated@100%
|
BB & below /Unrated@150%
|
|
PNB-A1
|
0.20%
|
0.25%
|
0.40%
|
0.80%
|
1.20%
|
|
PNB-A2
|
0.25%
|
0.30%
|
0.45%
|
0.85%
|
1.25%
|
|
PNB-A3
|
0.50%
|
0.55%
|
0.70%
|
1.10%
|
1.50%
|
|
PNB-A4
|
0.75%
|
0.80%
|
0.95%
|
1.35%
|
1.75%
|
|
PNB-B1
|
1.95%
|
2.00%
|
2.15%
|
2.55%
|
2.95%
|
|
PNB-B2
|
3.35%
|
3.40%
|
3.55%
|
3.95%
|
4.35%
|
|
PNB-B3
|
6.85%
|
6.90%
|
7.05%
|
7.45%
|
7.85%
|
|
PNB-C1 & Below
|
8.00%
|
3.2 EXPOSURE ABOVE Rs. 50 Crore
(Spread over MCLR)
|
Grade
|
External Rating
|
|
AAA
|
AA
|
A
|
BBB/Unrated@100%
|
BB & below /Unrated@150%
|
|
PNB-A1
|
0.20%
|
0.30%
|
0.45%
|
0.85%
|
1.20%
|
|
PNB-A2
|
0.25%
|
0.35%
|
0.50%
|
0.90%
|
1.25%
|
|
PNB-A3
|
0.35%
|
0.45%
|
0.60%
|
1.00%
|
1.35%
|
|
PNB-A4
|
0.80%
|
0.90%
|
1.05%
|
1.45%
|
1.80%
|
|
PNB-B1
|
1.10%
|
1.20%
|
1.35%
|
1.75%
|
2.10%
|
|
PNB-B2
|
2.90%
|
3.00%
|
3.15%
|
3.55%
|
3.90%
|
|
PNB-B3
|
4.60%
|
4.70%
|
4.85%
|
5.25%
|
5.60%
|
|
PNB-C1 & Below
|
8.00%
|
NBFC (Priority Sector and HFC)
|
Internal Risk Rating
|
External Rating
|
|
AAA
|
AA
|
A
|
BBB/Unrated @100%
|
BB & below/Unrated@150%
|
|
PNB-A1
|
0.60%
|
0.70%
|
0.80%
|
1.20%
|
1.60%
|
|
PNB-A2
|
0.70%
|
0.80%
|
0.90%
|
1.30%
|
1.70%
|
|
PNB-A3
|
0.80%
|
0.90%
|
1.00%
|
1.40%
|
1.80%
|
|
PNB-A4
|
0.90%
|
1.00%
|
1.10%
|
1.50%
|
1.90%
|
|
PNB-B1
|
1.10%
|
1.20%
|
1.30%
|
1.70%
|
2.10%
|
|
PNB-B2
|
1.90%
|
2.00%
|
2.10%
|
2.50%
|
2.90%
|
|
PNB-B3
|
2.80%
|
2.90%
|
3.00%
|
3.40%
|
3.80%
|
|
PNB-C1
|
4.90%
|
5.00%
|
5.10%
|
5.50%
|
5.90%
|
|
PNB-C2
|
5.00%
|
5.10%
|
5.20%
|
5.60%
|
6.00%
|
|
PNB-C3
|
6.00%
|
6.10%
|
6.20%
|
6.60%
|
7.00%
|
NBFC (Others)
|
Internal Risk Rating
|
External Rating
|
|
AAA
|
AA
|
A
|
BBB/Unrated @100%
|
BB & below/Unrated@150%
|
|
PNB-A1
|
0.80%
|
0.90%
|
1.00%
|
1.20%
|
1.60%
|
|
PNB-A2
|
0.90%
|
1.00%
|
1.10%
|
1.30%
|
1.70%
|
|
PNB-A3
|
1.00%
|
1.10%
|
1.20%
|
1.40%
|
1.80%
|
|
PNB-A4
|
1.10%
|
1.20%
|
1.30%
|
1.50%
|
1.90%
|
|
PNB-B1
|
1.30%
|
1.40%
|
1.50%
|
1.70%
|
2.10%
|
|
PNB-B2
|
2.00%
|
2.10%
|
2.30%
|
2.50%
|
2.90%
|
|
PNB-B3
|
2.90%
|
3.00%
|
3.20%
|
3.40%
|
3.80%
|
|
PNB-C1
|
5.10%
|
5.20%
|
5.30%
|
5.50%
|
5.90%
|
|
PNB-C2
|
5.20%
|
5.30%
|
5.40%
|
5.60%
|
6.00%
|
|
PNB-C3
|
6.20%
|
6.30%
|
6.40%
|
6.60%
|
7.00%
|
F. SPECIFIED CATEGORIES
1. DISCOUNTING OF BILLS:
1.1 INTEREST RATE ON BILL DISCOUNTED/ PURCHASED UNDER LETTER OF CREDIT (DA/DP Basis)
|
Tenor of the Bills backed by Confirmed ILCs of Approved Banks
|
Rate of Interest*
|
|
Upto 90 days
|
Repo rate + 1.50 %
|
|
91 to 180 days
|
Repo +1.75%
|
|
181 days - upto less than 1 year
|
Repo +2.00%
|
Note: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 RLLR + BSP (1 year) + 6.00% for the particular bill from the due date, for the overdue period.
1.2 Bills not backed by ILCs:
Interest Rates as applicable to working capital limits.
2.RATE OF INTEREST IN CASE OF RUPEE EXPORT CREDIT
2.1 RUPEE EXPORT CREDIT (RLLR + BSP BASED)
|
A. PRE-SHIPMENT CREDIT
|
|
Particulars
|
Internal Risk Rating
|
Effective Rate of Interest
|
|
(i) Up to 270 days
|
A1 to A4
|
RLLR + BSP+0.45
|
|
B1 , B2
|
RLLR + BSP+0.65
|
|
B3 and below
|
RLLR + BSP+0.85
|
|
(ii) Above 270 days and up to 360 days
|
A1 to A4
|
RLLR + BSP+0.55
|
|
B1,B2
|
RLLR + BSP+0.75
|
|
B3 and below
|
RLLR + BSP+0.95
|
|
B. POST SHIPMENT
|
|
Particulars
|
Internal Risk Rating
|
Effective Rate of Interest
|
|
(i)On demand bills for transit period (as specified by FEDAI)
|
A1 to A4
|
RLLR + BSP+0.40
|
|
B1 , B2
|
RLLR + BSP+0.60
|
|
B3 and below
|
RLLR + BSP+0.80
|
|
(ii)Usance Bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable). Up to 270 days.
|
A1 to A4
|
RLLR + BSP+0.50
|
|
B1 , B2
|
RLLR + BSP+0.70
|
|
B3 and below
|
RLLR + BSP+0.90
|
2.2 RUPEE EXPORT CREDIT (MCLR BASED)
|
A. PRE-SHIPMENT CREDIT
|
|
Particulars
|
Internal Risk Rating
|
Effective Rate of Interest
|
|
(i) Up to 270 days
|
A1 to A4
|
MCLR+0.40
|
|
B1 , B2
|
MCLR+0.65
|
|
B3 and below
|
MCLR+0.80
|
|
(ii) Above 270 days and upto 360 days
|
A1 to A4
|
MCLR+0.50
|
|
B1,B2
|
MCLR+0.75
|
|
B3 and below
|
MCLR+0.90
|
|
B. POST SHIPMENT
|
|
Particulars
|
Internal Risk Rating
|
Effective Rate of Interest
|
|
(iii)On demand bills for transit period (as specified by FEDAI)
|
A1 to A4
|
MCLR+0.25
|
|
B1 , B2
|
MCLR+0.40
|
|
B3 and below
|
MCLR+0.55
|
|
(iv)Usance Bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable). Up to 270 days.
|
A1 to A4
|
MCLR+0.45
|
|
B1 , B2
|
MCLR+0.60
|
|
B3 and below
|
MCLR+0.75
|
NOTE:
1. Exporters eligible under the Gold Card Scheme shall enjoy concession @ 0.25% in the above prescribed rates.
|
2.3 OVERDUE BILLS MORE 180 DAYS AND ABOVE FROM THE DATE OF ADVANCE (INTEREST TO BE CHARGED AFTER DUE DATE)
|
|
RLLR + BSP+ 4.00 / 1 Year MCLR + 4.00
|
|
2.4 DEFERRED CREDIT/ EXPORT CREDIT NOT OTHERWISE SPECIFIED (ECNOS)
|
|
RLLR + BSP + 6.00 / 1 Year MCLR + 6.00
|
3. ADVANCE AGAINST DOMESTIC TERM DEPOSITS, NRE DEPOSITS, FCNR (B) DEPOSITS AND RESIDENT FOREIGN CURRENCY DEPOSITS
|
3.1 ADVANCE AGAINST DOMESTIC/ NRE DEPOSITS
|
|
Self
|
1.00%*
|
|
Third Party Deposit
|
2.00%* subject to Min. RLLR + BSP / MCLR
|
|
*Over the applicable rates of interest on deposits
|
Note:In case there is more than one deposit in the name of the depositor(s) with varied rate of interest, 1% or 2% higher on the weighted average of rate of interest paid on deposits should be taken for calculating interest rate on loan.
|
|
3.2 RUPEE LOAN AGAINST FCNR DEPOSITS/ RESIDENT FOREIGN CURRENCY DEPOSIT (RFC) (IN INDIA)
|
|
Self
|
RLLR + BSP / MCLR
|
|
Third party Deposit
|
RLLR + BSP / MCLR + 1.00%
|
|
|
3.3 FOREIGN CURRENCY LOAN AGAINST FCNR/ NRE DEPOSITS (IN INDIA)
|
|
Rate of interest is provided by the Treasury Division on case to case basis.
|
4.INTEREST RATES ON PAPER SECURITIES, RELIEF BONDS OF RBI & OTHER CATEGORIES
|
4.1 ADVANCE against LIFE INSURANCE POLICIES, NSCs, KVP, other postal securities, Govt. & other paper securities
|
|
LIP including Postal Life Insurance
|
RLLR + BSP / MCLR +3.50%
|
|
Postal Securities (NSC/KVP/IVP)
|
|
Bonds/ RBI Relief Bonds, Units of Mutual Fund etc.
|
|
Postal Term Deposits
|
|
|
4.2 OTHER
|
|
Clean Loan*/Any other category not specified elsewhere
|
RLLR + BSP / MCLR +6%
|
|
Adhoc/Over Limit/ Temporary Facilities
|
2% over applicable ROI
|
|
DRI
|
4.00%
|
|
*Including Advances / Withdrawals against Uncleared Effects
|
|
5.Financing Against Future Lease Rentals
|
SN |
Particular |
Spread over Applicable Benchmark i.e.: (i) For MSME: RLLR+BSP (ii) For others: 1 Yr MCLR |
|
A. |
Non-CRE Borrower: |
|
Internal Risk Rating |
Spread |
|
A1 |
0.10% |
|
A2 |
0.20% |
|
A3 |
0.35% |
|
A4 |
0.60% |
|
B1 |
1.10% |
|
B2 |
2.00% |
|
B3 & below |
3.45% |
|
B. |
CRE Borrower: |
|
Internal Risk Rating |
Spread |
|
A1 |
0.35% |
|
A2 |
0.45% |
|
A3 |
0.70% |
|
A4 |
0.95% |
|
B1 |
1.60% |
|
B2 |
2.50% |
|
B3 & below |
3.95% |
6. Rate of Interest for Microfinance Borrowers
Rate of interest of dedicated schemes /products framed for microfinance borrowers by RAD, MSME Division and Agriculture Division shall be capped at maximum spreads as under:
|
Nature of Loan
|
Maximum Spread
|
|
Retail (Personal loan)
|
RLLR+ BSP+ 5.00%
|
|
Retail (Others)
|
RLLR+ BSP+ 3.25%
|
|
Agriculture (Loan to MSME food & agro processing units)
|
RLLR+ BSP+ 1.20% [1]
|
|
Agriculture (Others)
|
MCLR+ 2.70% [2]
|
|
MSME
|
RLLR+ BSP+ 1.40% [3]
|
[1]. Spread applicable for advance upto Rs. 20 lakh to MSME food & agro processing units
[2]. Spread applicable for NRLM/ SRLM Scheme repayable in more than 3 years.
[3]. Spread applicable for Advances above Rs. 50000/- to Rs. 20 Lakh to MSMEs
G. CONCESSIONS
1.COLLATERAL LINKED CONCESSIONS
MCLR W.E.F. 01.05.2024
|
Security Coverage
(% of total exposure)
|
Concession in Applicable Card Rate as per Internal Risk Rating *
|
|
1 to 6
|
7 & Below
|
|
Up to 50% of the loan amount
|
NIL
|
NIL
|
|
Above 50% and up to 75%
|
0.25%
|
NIL
|
|
Above 75% and up to 100%
|
0.50%
|
NIL
|
|
Above 100% and upto 150%
|
0.75%
|
NIL
|
|
Above 150%
|
1.00%
|
NIL
|
|
Note: As per RBI guidelines no collateral should be insisted upon for MSE loan up to Rs. 10 lakh. Accordingly, no concessional rate is applicable for Loans up to Rs. 10 lakh. However, for loan accounts amounting Rs. 10 Lakh and above, the additional discount /reductions in rate of interest based on % of collateral security offered by the borrower.
|
|
This concession shall not be allowed on collateral securities in shape of Agriculture Land, Educational Institutions, Hospitals, Nursing homes, Guarantee Cover, Plant & Machinery.
In any case, the interest rate should not be below applicable benchmark, after exercising the discretionary powers and concessions.
|
2.SPECIFIC CONCESSION TO WOMEN ENTREPRENEURS
0.50% concession shall be available to women entrepreneurs enterprises* classified under Priority Sector and 0.25% under non priority sector under women Empowerment campaign. However, minimum lending rate after giving all rebates shall not be below Applicable Benchmark.
An enterprise shall be classified as a Women Entrepreneurs` Enterprise where:
One or more women entrepreneurs have not less than 51% financial holding.
Specific for Para No. 1 and 2:
In case of partnership concerns, one or more women partners have not less than 51% profit/loss sharing ratio as per the Registered Partnership Deed
Collateral linked and Specific Concessions to Women Entrepreneurs mentioned at Para No. 1 and 2 aboveshall not be applicable in following cases:
In case of advance is sanctioned under any schematic lending where specific concession in ROI is already inbuilt, subject concession will not be applied unless specifically mentioned in the scheme.
In case any concession already given by respective / higher sanctioning authority.
Existing Concession already permitted to borrower mentioned at Para No. 1 and 2 shall continue till renewal/review of credit facilities. The proposed guidelines on concession shall be applicable at the time of renewal/ review of credit facilities.
3.CONCESSIONS NOT SPECIFIED ELSEWHERE
As per discretionary power vested with various sanctioning authority.