What is Interest Rates ?

An interest rate, is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum). The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed.

It is defined as the proportion of an amount loaned which a lender charges as interest to the borrower, normally expressed as an annual percentage. It is the rate a bank or other lender charges to borrow its money, or the rate a bank pays its savers for keeping money in an account.Annual interest rate is the rate over a period of one year. Other interest rates apply over different periods, such as a month or a day, but they are usually annualised

Why Fixed Deposit with Us ?

Bank deposits are the safest investment after Post office savings because all bank deposits are insured under the Deposit Insurance & Credit Guarantee Scheme of India. It is possible to get a loans up to 85% of the deposit amount from banks against fixed deposit receipts. The interest charged will be 1.25% more than the rate of interest earned by the depositors. TDS is applicable on interest more then Rs.10000/- and above and for this purpose bank has policy to make nominal member so TDS is not applicable.

Our Bank offers you simple Fixed Deposits (at very competitive interest rate) .You can deposit money for 15 days to 10 years also.In Fixed Deposit,you can transfer your interest in your existing account (Current ,Savings) quarterly.

Maturity period ranges from 15 days to 10 years.Range of choice of periods as per your choice and liquidity quarterly interest.

Revised rate of interest on Fixed deposit is mentioned below. The said rates shall be applicable w.e.f 03-OCT-2016

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Farming credit

Id Name Terms Rates (%) Penalty Rates (%)
1 Farming Revolving: Cash Credit(Current credit up to 3 lacs) 6 Months 5.50% --
2 Farming Revolving: Cash Credit(Current credit up to 3 lacs) 6 Months 10.00% --
3 Farming Revolving: Cash Credit Overdue(Date:30-09-2010) 6 Months 10.00% 1.00% More
4 General Cash Credit 6 Months 10.00% 2.00% More
5 Farming Short Term 6 Months 12.00% 2.00% More
6 Farming Reorganization installment 2004 6 Months 8.50% 1.00% More
7 Farming Medium Term Loan(All) 6 Months 12.50% 2.00% More
8 Convert It(Medium Term Loan) Rehabilitation 1991 6 Months 12.00% 2.00% More
9 Personal Medium Term Loan Till 2 Lacs
and More Than 2 Lacs(Tractor,Trolley,Cultivator,Power Taylor,Tempo etc.)
6 Months
6 Months
2.00% More
2.00% More
10 Farming Medium Term Loan(For The Godown) 6 Months 12.50% 2.00% More
11 Farming Medium Term Loan For Dairy farm industry and For Development Monthly 12.50% 2.00% More

Farming/Nonfiction credit

Id Name Terms Rates (%) Penalty Rates (%)
1 Loan Deadline / Cash Credit-JLG Monthly 13.50% 1.50 More
2 Business For Shanguire Cash Credit(For All Commodity) Monthly 12.50% 2.00% More
3 Catters for Pulling Cotton Cash Credit Monthly 12.00% 2.00% More
4 Medium Term Loan For Vehicle(Two Wheeler) Monthly 11.50% 2.00% More
5 Medium Term Loan For Vehicle(Four Wheeler) Monthly 11.50% 2.00% More
6 Cash Credit For Jin Press Monthly 12.50% 2.00% More
7 Dhiran Cash Credit Monthly 12.50% 2.00% More
8 For Industrial Credit Monthly 12.50% 2.00% More
9 Overdraft Against gold silver jewelry Monthly 11.50% 2.00% More
10 Overdraft Against National Savings Certificates Monthly 11.50% 2.00% More
11 Usable lending Monthly 12.50% 2.00% More
12 Overdraft/Loan Against Deposite(Loans in the limit of 85% of the deposit amount/Overdraft allowed) Monthly 1.00% more than installment interest rate
13 Cash Credit For Sugar Pledge Monthly 11.25% 2.00% More
14 Running over the current account overdraft Monthly 15.00% 2.00% More
15 Housing financing up to 15 lakh Monthly/6 Month 10.50% 2.00% More
16 Merchant Cash Credit (against real estate) up to 5 lakh Monthly 13.50% 2.00% More
17 Against Life insurance policy Of LIC Monthly 11.50% 2.00% More
18 Against immovable property Monthly 12.50% 2.00% More