State Bank of Mysore

Trusted Service

Interest rates

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SBM's Base Rate

SBM's Prime Lending Rate

SBM's Marginal Cost of Fund Based Lending Rate(MCLR)

Interest rates for  Deposits (Rs 1.00 Cr to Rs 10.00 Cr)

Interest rates for Deposits above Rs 10.00 Cr

Interest rates on Personal Segment Advances

Interest rates on NRE Deposits and Schemes

Interest rates on SME Segment Advances

Interest rates on Agricultural  Advances

 

SBM Base Rate inrespect of all advances (other than certain exempted categories): 9.65 %( w.e.f 07.10.2015)
SBM Prime Lending Rate- SBMPLR-15.00%( w.e.f 04.03.2013)

 

Marginal Cost of Funds based Lending Rate (MCLR)  

MCLR effective from 01.12.2016

Overnight MCLR

9.10%

One Month MCLR

9.20%

Three Month MCLR

9.25%

Six Month MCLR

9.35%

1 Year MCLR

9.45%

2 Year MCLR

9.60%

3 Year MCLR

9.70%

 

RATES OF INTEREST WITH EFFECT FROM 24-11-2016.

FOR DEPOSITS OF LESS THAN Rs 1.00 CRORE


PERIOD

REVISED RATE OF INTEREST (%)

7 days to 45 days

5.50

46 days to 90 days

6.50

91 days to 179 days

6.50

180 days to 210 days

6.75

211 days to less than 1 year

7.00

1 year to  455 days

6.90

456 days to less than 2 years

6.95

2 years  to less than 3 years

6.85

3 years   to less than  5 years

6.50

5 years and  up to  10 years

6.50

  1. Resident Senior Citizens would be offered 0.50% p.a. additional rates across all tenures.

     2.The rates of interest offered to staff and retired staff will be 1% above the applicable rate. The rate applicable to retired staff (senior     citizen) will be 1.50% above the rate applicable.

     3.Non Callable Deposits will get additional interest of 0.10% over and above       normal interest for various periods.

the rate applicable.

       4.The revised rate of interest is also applicable to “SBM TAX SAVER" Scheme.

 Penalty for Premature withdrawal for all retail term Deposits i.e individual deposits of below Rs 1 crore:

a)  No interest shall be paid if the premature withdrawal of the deposit is within 7 days.

b)  For deposits up to the period of one year, no penalty shall be charged for premature withdrawal of the term deposit. However interest payable shall be the rate applicable for the period from which the deposit has remained with the Bank or  at the contracted rate whichever is lower.

  c)  For the deposits of above one year, the interest payable shall be 0.50% below the rate applicable for the period the deposit has remained with the Bank or at the contracted rate whichever is lower.


  
Rate of Interest w.e.f 24-11-2016

PERIOD 

Rs.1.00 Cr to Rs.10.00 Cr 

Above Rs.10.00 Cr 

07 – 45 Days

3.75

3.75

46 – 179 Days

3.85

3.85

180 – 210 Days

3.85

3.85

211 –  < 1 Year

4.00

4.00

1 Yr – 455 Days

4.25

4.25

456 Days to < 2 Yrs

4.25

4.25

2 Yrs to < 3 Years

4.25

4.25

3 Yrs to < 5 Years

4.25

4.25

5 Yrs to < 10 Years

4.25

4.25

 In respect of premature withdrawal of domestic deposits of Rs.1 crore and above following instructions will apply.

a. Deposits of Rs.1.00 crore and above and upto Rs.10.00 crores : Premature withdrawal is permitted. However, no interest will be paid if the premature withdrawal takes place within and inclusive of 15 days. If the premature withdrawal is made after 15 days, interest will be paid at 1% below the rate of interest applicable for the period the deposit has remained with the Bank or 1% below the contracted rate , whichever is lower .

 

b. Deposits above Rs.10.00 crores : Premature withdrawal is permitted. However, no interest will be paid if the premature withdrawal takes place within and inclusive of 15 days. If the premature withdrawal is made after 15 days, interest will be paid at 2% below the rate of interest applicable for the period the deposit has remained with the Bank or 2% below the contracted rate, whichever is lower.

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PERSONAL SEGMENT ADVANCE INTEREST RATES FOR NEW LOANS ONLY w.e f 01.10.2016  (1year MCLR @ 9.45%)
HOUSING LOAN(Term Loan)  For all tenors [Max 30 years] Limit up to Rs 1 crore [MCLR+0.10]=9.55%
(campaign period 01.10.16 to 30.11.16) Limit above Rs 1 crore [MCLR+0.15]=9.60%
SBM Maxgain (Overdraft) Rs 25 lakhs up to 1 crore [MCLR+0.10]=9.55%
(campaign period 01.10.16 to 30.11.16) Above Rs 1 crore [MCLR+0.20]=9.65%
HOUSING LOAN(Term Loan)  For all tenors [Max 30 years] Limit up to Rs 1 crore [MCLR+0.15]=9.60%
(regular interest after campaign) Limit above Rs 1 crore [MCLR+0.15]=9.60%
SBM Maxgain (Overdraft) Rs 25 lakhs up to 1 crore [MCLR+0.15]=9.60%
(regular interest after campaign) Above Rs 1 crore [MCLR+0.25]=9.70%
Namme Mane(Housing Loan) [MCLR+0.50]=9.95%
Car Loan (New Car) Upto & inclusive of 7 years [MCLR+0.50]=9.95%
Used Cars Upto 3 years [MCLR+6.55]=16.00%
3 years Upto 5 years [MCLR+7.30]=16.75%
Combo Car loan Upto & inclusive of 7 years [MCLR+0.40]=9.85%
Two Wheeler Loan Upto 5 years [MCLR+6.55]=16.00%
Education loans Upto Rs. 4.00 lakhs [MCLR+2.75]=12.20%
(0.50% concession for Girl students sanctioned on or after 01.04.2009) Rs. 4.00 lakhs to Rs. 7.50 lakhs [MCLR+2.75]=12.20%
Above Rs. 7.50 lakhs [MCLR+1.75]=11.20%
Studies in India Above 10 lacs to 30 lacs [MCLR+2.25]=11.70%
Studies Abroad Above 20 lacs to 40 lacs [MCLR+2.25]=11.70%
IBA Model Loan Scheme for Vocational Education & Training [MCLR+2.75]=12.20%
Mybank Scholar Term loan [MCLR+1.75]=11.20%
Udyogi Gnanamitra Term loan [MCLR+4.00]=13.45%
All Purpose Mortgage loan Over Draft [MCLR+3.60]=13.05%
Term loan [MCLR+3.10]=12.55%
Mybank Home Cash Over Draft [MCLR+5.75]=15.20%
Term loan [MCLR+5.25]=14.70%
Personal Gold loan (30% margin) [MCLR+2.45]=11.90%
Personal Gold loan (25% margin) Salaried class [MCLR+1.95]=11.40%
Personal loan Upto 3 years [MCLR+7.35]=16.80%
Xpress Credit
Customers having salary account with Corporate Salary Package With Check off facility [MCLR+3.85]=13.30%
Customers having Salary Account  without Corporate Salary Package With Check off facility [MCLR+3.85]=13.30%
Customers having Salary Account  without Corporate Salary Package Scheme Without Check off facility [MCLR+4.35]=13.80%
For Others(Without Salary Account with us/Corporate Salary Package) Without Check off facility [MCLR+6.85]=16.30%
Xpress credit SBM officers [MCLR+2.05]=11.50%
OTHERS SCHEMES
Mybank Arakshak(Police) [MCLR+6.15]=15.60%
Mybank Adhyapak(Teacher) [MCLR+6.15]=15.60%
Mybank Utsav [MCLR+6.65]=16.10%
Loan against Shares/UTI [MCLR+7.65]=17.10%
Loan against NSC/RBI Relief Bond/KVP/IVP/SBI Life Policy/SBI Magnum/LIC Policy. [MCLR+4.40]=13.85%
BDA Site purchase Loan [MCLR+5.25]=14.70%
Varshavahini Loan (upto 5yrs) [MCLR+1.65]=11.10%
Loan for Consumer Durables [MCLR+7.40]=16.85%
Helpage (Pensioner loan) [MCLR+3.50]=12.95%
Clean Overdrafts [MCLR+7.40]=16.85%
Flexi Gold Loan [MCLR+2.75]=12.20%
Rajiv Gandhi scholarship scheme Girls 12.00%
others 12.50%
Reverse Mortgage loan PUBLIC 11.25%
(Fixed Rate) STAFF 10.75%

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Interest Rates on Advances made to Micro, Small & Medium Enterprises

 

 

MSME SEGMENT ADVANCES :

 

Schematic products: w.e.f. 01st April 2016 (linked to 1 year MCLR @ 9.45%)

 

INTEREST RATES ADVANCES TO MICRO, SMALL & MEDIUM ENTERPRISES - INDUSTRY AND SERVICES SECTOR.

 

 

All Interest rates, MCLR expressed in terms of - % p.a.

 

1.a : SME Four wheeler (New Vehicle)

Applicable Interest rate

Remarks

MCLR + 0.60= 10.05

(Available only to existing borrowers with extension of charge against securities mortgaged to the Bank)

1.b : SME Four Wheeler Loan (Used Vehicles)

 

Period

Applicable interest rate

Up to 3 years

MCLR+7.15 = 16.60

Above 3 years and up to 5 years

MCLR+7.65 = 17.10

 

 

2. SBM DOCTOR PLUS

2. a. (i) Limits upto Rs.25.00 lacs with scoring model (without CRA) ( WC & TL)

Score

Interest rate for loans upto 3 years

Interest rate for loans above 3 years

and upto 5 years

Interest rate for loans

above 5 years

With CGTMSE

With CGTMSE

With CGTMSE

 

55 and above

 

 

MCLR+1.10=10.55

 

MCLR+1.35 = 10.80

 

MCLR+1.60 = 11.05

 

40 to 54

 

 

MCLR+1.70=11.15

 

MCLR+1.95 = 11.40

 

MCLR+2.20 = 11.65

2. b. (i) Limits Rs.25.00 lacs and above and up to Rs.10 crore with CRA (WC & TL)

Interest rate for loans upto 3 years

Interest rate for loans above 3 years and upto 5 years

Interest rate for loans

above 5 years

CRA

With CGTMSE (where ever applicable)

With Collateral Security

With CGTMSE

(where ever

applicable)

With Collateral Security

With CGTMSE

(where ever

applicable)

With Collateral Security

=  > 50%

= < 50%

 

=  > 50%

= < 50%

 

=  > 50%

= < 50%

SB 1 TO 5

MCLR+1.10=10.55

MCLR+1.10 =10.55

MCLR+1.60 =11.05

MCLR+1.35=10.80

MCLR+1.35=10.80

MCLR+1.85=11.30

MCLR+1.60=11.05

MCLR+1.60

=11.05

MCLR+2.10

=11.55

SB 6 TO 9*

MCLR+1.95=11.40

MCLR+1.95 =11.40

MCLR+2.45 =11.90

MCLR+2.20=11.65

MCLR+2.20=11.65

MCLR+2.70=12.15

MCLR+2.45

=11.90

MCLR+2.45

=11.90

MCLR+2.95

=12.40

*Units with rating below SBM 9 are not eligible for financing

 

3.SME Smart Score: (Min. Rs.5.00 lakhs and Max. finance: Rs.100 lakhs).

(Minimum Score 60)

 

Limit

Scoring / Rate

Interest rate for loans upto 3 years.

Interest rate for loans above 3 years

and upto 5 years

Interest rate for loans

above 5 years

Rs.5 lacs  to

 

Rs.25.00 lacs

 

 

55 and above

MCLR+1.35=10.80

MCLR+1.60=11.05

MCLR+1.85=11.30

40 to 54

MCLR+1.60=11.05

MCLR+1.85=11.30

MCLR+2.10=11.55

Rs. 25 lacs and above,

upto Rs.100 lacs

SB 1 to 5

 

MCLR+1.35=10.80

MCLR+1.60= 11.05

MCLR+1.85=11.30

SB 6 - 10

MCLR+1.60=11.05

MCLR+1.85 = 11.30

MCLR+2.10=11.55

 

 

4. LIBERALISED TRADE FINANCE (Min. Rs.10 lacs, Max: Rs. 500 lacs)

 

Facility

Applicable interest rate.

Cash Credit (SBF)

MCLR+3.20=12.65

Term Loan (SBF)

MCLR+3.45=12.90

  1. 5. Beverages Corporation Scheme - (Max finance : Rs.100 Lacs).

5. a. Loan amount up to Rs.10.00 Lacs:

Applicable interest rate

MCLR + 1.35 = 10.80

5. b. Loan amount above Rs.10.00 Lacs to Rs.100.00 Lacs.

Value of Security

Applicable interest rate

> 100%

MCLR + 2.45 = 11.90

> 50% and upto 100%

MCLR + 2.95 = 12.40

  • For Loans above Rs.10.00 Lacs, Collateral Security < 50% : No finance

 

6. Contractor Plus – (Max finance: Rs. 100 Lacs - For Class I contractors only).

Type of Borrowers

Applicable interest rate

With CGTMSE

With collateral

Class I Contractors

MCLR+3.00=12.45

MCLR+3.75=13.20

7. Mortgage Plus (Min. finance: Rs.50 Lacs and Max: Rs. 750 Lacs).

 

 

Applicable Interest rate

Term Loan SBF

MCLR+2.90=12.35

Over draft - SBF

MCLR+3.65=13.10

 

 

OTHER MSME SCHEMES/PRODUCTS:

 

  1. 8. MSE Welcome:

Interest Rate upto SBM 6 rating

Interest Rate - SBM 7 & 8 rating

For  the first year  interest  fixed at 80 bps above 1 year MCLR (presently 9.45%), effective rate - 10.25% p.a.(Fixed)

For  the first year  interest  fixed at 130 bps above 1 year MCLR (presently 9.45%), effective rate 10.75% p.a.(Fixed)

For   the   second  year,   interest  will be reset at the end of the first year and linked to the then 1 year MCLR, so as to charge interest at 10.50% p.a.(Fixed)

For   the   second  year,   interest  will be reset at the end of first year and linked to the then 1 year MCLR, so as to charge interest at 11% p.a.(Fixed)

From third year onwards, interest will be reset linked to the then 1 year MCLR, based on the CRA rating of the borrower.

From third year onwards, interest will be reset linked to the then 1 year MCLR, based on the CRA rating of the borrower.

  1. 9. Weavers credit card:

 

Weavers credit card

Applicable rate of Interest

MCLR + 0.75 = 10.20

  1. 10. MYBANK-Homestay:

 

 

Type of loan

Applicable interest rate

Composite Term Loan

MCLR + 1.15 = 10.60

11.MYBANK SHOPPE :

 

 

Type of Loan

Interest rate for loans upto 3 years

Interest rate for loans above 3 years

and upto 5 years

Interest rate for loans

above 5 years

Term Loan Limit

With CGTMSE

Without CGTMSE

With CGTMSE

Without CGTMSE

With CGTMSE

Without CGTMSE

Up to Rs.10 lacs

MCLR+1.40=10.85

MCLR+1.40=10.85

MCLR+1.65=

11.10

MCLR+1.65=

11.10

MCLR+1.90=11.35

MCLR+1.90=

11.35

Above Rs.10 lacs upto Rs. 25 lacs

MCLR+1.90=11.35

MCLR+2.40=11.85

MCLR+2.15=

11.60

MCLR+2.65=

12.10

MCLR+2.40=11.85

MCLR+2.90=

12.35

11. b Limits Rs.25 lacs and above and  upto Rs.50 lacs (Term Loan limit)

 

CRA

Rating

Interest rate for loans upto 3 years

Interest rate for loans above

3 years

and upto 5 years*

Interest rate for loans

above 5 years.$

 

 

With

CGTMSE

Without

CGTMSE

With

CGTMSE

Without

CGTMSE

With

CGTMSE

Without  CGTMSE

SB 1,2 & 3

MCLR+1.90=11.35

MCLR+2.15=11.60

MCLR+2.15=11.60

MCLR+2.40=11.85

MCLR+2.40=11.85

MCLR+2.65=12.10

SB 4,5 & 6

MCLR+2.40= 11.85

MCLR+2.65=12.10

MCLR+2.65=12.10

MCLR+2.90=12.35

MCLR+2.90=12.35

MCLR+3.15=12.60

SB 7,8 & 9

MCLR+2.90=  12.35

MCLR+3.40=12.85

MCLR+3.15=12.60

MCLR+3.65=13.10

MCLR+3.40=12.85

MCLR+3.90=13.35

SB 10

MCLR+3.65= 13.10

MCLR+4.40=13.85

MCLR+3.90=13.35

MCLR+4.65=14.10

MCLR+4.15=13.60

MCLR+4.90=14.35

SB 11 to 16

MCLR+4.90= 14.35

MCLR+5.40=14.85

MCLR+5.15=14.60

MCLR+5.65=15.10

MCLR+5.40=14.85

MCLR+5.90=15.35

12. SBM PHARMA.

 

  1. 11. a.  Limits below Rs.25 lacs (Working Capital limit).

 

Applicable interest rate

 

MCLR+1.80= 11.25

 

12.b  Limits Rs.25 lacs and above and  upto Rs. 100 lacs (Working Capital limit).

 

CRA

Applicable interest rate

SB 1 to 5

MCLR + 1.80 = 11.25

SB 6 to 10

MCLR + 2.30 = 11.75

*Concession of 0.50% for 50 bps in RoI is to be given in case the value of collateral is more than 75%

  

13. FINANCING AGAINST WARE HOUSE RECEIPTS

Limits above Rs.50 lacs and upto Rs.500 lacs (Working Capital limit).

 

Applicable rate of Interest

 

MCLR+1.00= 10.45


Interest Rates on MSME advances (OTHER THAN SCHEMATIC PRODUCTS)                 1 year MCLR at 9.45% p.a.

Interest rates expressed in terms of % p.a.

  1. 1. a. For credit limits below Rs.25.00 lacs  ( for Working Capital & Term Loan)

 

Size of Credit

Interest rate for loans upto 3 years

Interest rate for loans above 3 years

and upto 5 years

Interest rate for loans

above 5 years

Limit

With CGTMSE

Without CGTMSE

With CGTMSE

Without CGTMSE

With CGTMSE

Without CGTMSE

Upto Rs.10 Lacs.

MCLR + 1.35 = 10.80

MCLR + 1.35 =  10.80

MCLR +1.60= 11.05

MCLR +1.60=

11.05

MCLR +1.85= 11.30

MCLR +1.85= 11.30

Above Rs.10 Lacs but

below Rs.25 Lacs.

MCLR + 1.85 = 11.30

MCLR +2.35 = 11.80

MCLR +2.10=

11.55

MCLR +2.60= 12.05

MCLR +2.35= 11.80

MCLR +2.85= 12.30

 

Concession in interest rate @ 0.50% on the revised rates shall be extended to credit limits above Rs.10 lacs secured by Non–Agricultural collateral security with realizable value =>75% of credit limit.

2. For credit limits of Rs.25.00 lacs and above with CRA Rating

2.a. Working capital and Term loans.

Interest rate for loans upto 3 years

Interest rate for loans above 3 years

and upto 5 years

Interest rate for loans

above 5 years

CRA Rating

With

CGTMSE

Without CGTMSE

With

CGTMSE

Without

CGTMSE

With

CGTMSE

Without CGTMSE

SB 1, 2 & 3

MCLR+1.85=11.30

MCLR+2.10=11.55

MCLR+2.10=11.55

MCLR+2.35=11.80

MCLR+2.35=11.80

MCLR+2.60=12.05

SB 4,5 & 6

MCLR+2.35=11.80

MCLR+2.60=12.05

MCLR+2.60=12.05

MCLR+2.85=12.30

MCLR+2.85=12.30

MCLR+3.10=12.55

SB 7,8 & 9

MCLR+2.85= 12.30

MCLR+3.35=12.80

MCLR+3.10=12.55

MCLR+3.60=13.05

MCLR+3.35=12.80

MCLR+3.85=13.30

SB 10

MCLR+3.60= 13.05

MCLR+4.35=13.80

MCLR+3.85=13.30

 

MCLR+4.60=14.05

MCLR+4.10=

13.55

MCLR+4.85=14.30

SB 11 to 16

MCLR+4.85= 14.30

MCLR+5.35=14.80

MCLR+5.10=14.55

MCLR+5.60=15.05

MCLR+5.35=14.80

MCLR+5.85=15.30

IMPORTANT POINTS TO BE NOTED:

  1. The interests on Cash Credit and Term Loans under the various MSME schemes are linked to the 1 year MCLR, which is presently at 9.45% p.a.

 

  1. The rates may be reset annually, at the time of renewal in the case of Cash Credit facilities (both existing as well as new loans to be sanctioned from           1st April 2016) and on the anniversary date in respect of new Term loans being sanctioned from the date of this circular.

 

  1. iii) Option to the existing borrower to move over to the MCLR linked interest rates :-

As per the instructions of RBI, the existing borrowers would have an option to move over to the MCLR linked interest rates on mutually acceptable terms. Hence a one-time charge as reprocessing fee, to be recovered from the existing borrowers, who opt for shifting from the Base Rate to the MCLR linked rates as under:

  • 0.25% of the balance outstanding in the account, subject to a maximum of Rs.5,000/- (Rupees Five thousand only).

 

  1. Limits up to Rs.100 lakhs are eligible to be covered under CGTMSE guarantee cover and guarantee fee will be borne by the Bank for loan limits upto Rs.10.00 lakhs. (  MSME Circular No. 48 / 2015-16 dated 16.03.2016)

 

  1. Concession in interest rate @ 0.50% on the revised rates shall be extended to credit limits above Rs.10.00 lakhs secured by Non-Agricultural immoveable properties as collateral security with realizable value =>75% of credit limit.

 

The concession, over and above the revised rates, as indicated above will be subject to the under noted stipulations / conditions.

 

a) Available only to units with CRA rating SB 10 or better. Credit limits with CRA rating of SB 10 - 16 are not eligible for the concession.

 

b) The value of tangible collateral security refers to realizable value of such securities (and NOT market value) available by way of non-agricultural immovable property with or without cash and other specific liquid securities. Such realizable value should be 75% or more.

 

 

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AGRICULTURE RATE OF INTEREST w.e.f 01-10-2016.

A. Short Term Loans upto 3 years / Crop Loans:

Limit below Rs.25.00 Lakhs:

Limit in Rs.

Rate of interest (%)

Upto Rs.3 lakhs (if qualify for interest subvention)

7.00*

If not qualify for  interest subvention:-

Upto Rs.5 lakhs

10.30

> Rs.5 lakhs to  <  Rs.25 lakhs

11.80

* In case of Crop Loans and loans to Women SHGs eligible for interest subvention, 7% interest is applicable up to a limit of Rs. 3 lakh for one year. Further, an additional 3% interest subsidy is available to those Farmers/ Women SHGs, who repay the limits promptly within due date.

Limit Rs.25.00 Lakh and above:

As per CRAS rating starting from 10.65%

B. Agriculture Term Loans:

Limit below Rs.25.00 Lakhs:

Limit in Rs.

Rate of interest (%)

Up to Rs.5 lakhs

10.55

> Rs. 5 lakhs to  <  Rs. 25 lakhs

12.05

Limit Rs.25.00 Lakhs & above:

As per CRAS rating starting from 10.95%

 

C. Agriculture Gold Loans:

Limit in Rs.

Rate of interest (%)

Upto Rs.3 lakhs (if qualify for interest subvention)

7.00

If not qualify for  interest subvention:-

Upto Rs.5 lakh

9.80

> Rs.5 lakh to upto Rs.15 lakh

9.90

 

 

D. Kisan Chakra:

Maximum Limit upto Rs.10 lakhs & for a maximum period of 7 years:

Limit in Rs.

Rate of interest (%)

Up to Rs.10.00 Lakhs

10.05

 

E. Loan for Construction of Green House / Polyhouse / Nethouse.

(Maximum upto Rs. 2.00 Crores):

For Individuals:

Limit in Rs.

Rate of interest (%)

Upto Rs.2.00 Crores

10.55

For other than Individuals:

Limit in Rs.

Rate of interest (%)

Below Rs.25.00 Lakhs

10.55

For other than Individuals - Limit Rs.25.00 Lakh & up to Rs.2.00 Crores:

As per CRAS rating starting from 11.80%

F. Produce Marketing Loans (Maximum upto Rs. 50 Lakhs):

Advances against warehouse receipts (Limits below 25 Lakh):

Limit in Rs.

Rate of interest (%)

Upto Rs.3 lakhs (if qualify for interest subvention)

7.00

If not qualify for  interest subvention:-

Upto Rs.5 lakhs

10.30

> Rs.5 lakhs to <  Rs.25 lakhs

11.80

Advances against warehouse receipts (Limit Rs. 25 Lakh & above upto Rs. 50 Lakhs):

As per CRAS rating starting from 10.95%

Adv against warehouse receipts issued by NBHC,NCML,StarAgri :

Limit in Rs.

Rate of interest (%)

Upto Rs.3 lakhs (if qualify for interest subvention)

7.00

If not qualify for  interest subvention:-

Upto Rs.50 lakhs

10.05

 

G. Advances to Food & Agro Processing Industries:

(Maximum upto Rs. 100 crores from Banking System)

Working Capital & Term Loans:

As per scoring model & CRAS rating starting from 9.60 % to 11.15 %

   

H-a: Loan for Construction of Green House/Polyhouse/Nethouse:

(Limit upto Rs.2.00 Crores) for Individuals

Limit

Rate of interest (%)

Upto Rs.2.00 Crores

11%

H-b: Loan For Construction of Green House/Polyhouse/Nethouse:

(Limit below Rs.25.00 Lakh) for other than Individuals

Limit – For Other than Individuals

Rate of interest (%)

Below Rs.25.00 Lakh

11%

I-c: Loan For Construction of Green House/Polyhouse/Nethouse:

(Limit Rs.25.00 Lakh & up to Rs.2.00 Crores) -  for other than Individuals

As per rating starting from 12.00%

I: Other Product Specific Rates

Apart from Specific products mentioned above, all other product specific rates will be guided by Table (A) to (D) above.

 

Top

NRE Term / Reinvestment Deposit account( w e f 24-11-2016)

PERIOD OF DEPOSIT

REVISED

Interest Rate (%)

(w.e.f 24.11.2016)

7 days to 45 days

Not Applicable

46 days to 90 days

91 days to 179 days

180 days to 210 days

211 days to less than 1 year

1year to 455 days

6.90

456 days to less than 2 years

6.95

2 years to less than 3 years

6.85

3 years to less than 5 years

6.50

5 years and up to 10 years

6.50

 

Interest rates for domestic deposits of Rs.1 crore to Rs.5 crores published in SBM Nest and website, will be applicable to NRE deposits also.

 

  • Staff/Ex-staff, who are NRIs, are not entitled to additional interest.
  • The revised rates are applicable to fresh deposits and on renewal of maturing deposits.
  • In case of Premature Withdrawal:

a)  No interest is payable if the deposit is withdrawn before one year.

b) In other cases of premature withdrawal after one year, the interest paid shall be 0.50% below the rate applicable for the period the deposit has remained with the Bank or at the contracted rate,   whichever is lower.

  • All these interest rates are subject to change without notice

Interest Rates on FCNR(B) deposits with effect from 01.12.2016

PERIOD

RATE OF INTEREST ( % p.a. )

USD

GBP

EUR

CAD

AUD

1 year to less than 2 years

1.86

1.20

0.58

1.85

2.58

2 years to less than 3 years

2.32

1.65

0.83

2.01

2.93

3 years to less than 4 years

2.51

1.75

0.91

2.12

3.07

4 years to less than 5 years

2.66

1.85

0.98

2.22

3.41

5 years

2.79

1.94

1.08

2.31

3.52

Interest Rates on RFC deposits with effect from 01.12.2016

TYPE/ PERIOD OF DEPOSIT

RATE OF INTEREST (% p.a.)

USD

GBP

EURO

Current Account

NO INTEREST

Savings Bank Account

0.50

0.50

0.25

Term Deposits

 

1 year to less than 2 years

1.86

1.20

0.58

2 years to less than 3 years

2.32

1.65

0.83

3 years to less than 4 years

2.51

1.75

0.91

4 years to less than 5 years

2.66

1.85

0.98

5 years

2.79

1.94

1.08


 
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State Bank of Mysore,
H .O.: K.G.Road,
Bangalore - 560254, INDIA.
Phone (EPABX): 91 80 22353901 (30 lines of PRI)
Fax: 91 80 22283684

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