Revision of Rate of Interest with effect from 1st November, 2019

Tenure

 

 

 

 

Revised Rate (%)

For General

 

 

Senior Citizen

For Societies

 

Less than Rs. 1.00 Cr. Rs. 1.00 Cr. And above but Less than Rs. 5.00 Cr. (Negotiable) Less than Rs. 1.00 Cr. Rs. 1.00 Cr. And above but Less than Rs. 5.00 Cr. (Negotiable)
46-90 days 5.00 5.00 5.00 5.00 5.00
91-180 days 5.50 5.50 5.50 5.50 5.50
181-364 days 6.10 6.10 6.10 6.10 6.10
1 year 6.45 6.45 6.80 7.00 7.00
Above 1 year to less than 3 yrs. 6.50 4.50 7.10 6.50 4.50
3 yrs. to 5 yrs. 6.25 4.25 6.50 6.25 4.25
More than 5 yrs. 5.75 4.00 6.00 5.75 4.00

Revision of Interest rate on Special Scheme with effect from 1st November, 2019

For MIS Individual for 3 years Revised rate (%)
For Common People 6.25
For Senior Citizens 6.50
Interest on Statutory Fund like RF, BDRF and ACSF
Reserve Fund, Bad Debt Reserve Fund, Agriculture Credit Stabilization Fund etc. Revised rate (%)
6.65