2.Against Bank’s Term Deposit Receipts (FDR/SDR/MIC/RD/DBD/Cash Certificate)
a) Domestic/NRE Deposits
i) Where the deposit stands in the name of the borrower - 2% per annum higher than the rate of interest payable on relative deposit.
ii) Where the deposit stands in the name of third party/parties both for
personal advances and business activities interest is to be charged at 2% higher
than the rate of interest payable on the relative deposit or BPLR, whichever is higher.
b) Rupee advances against FCNR-B deposits /RFC
Where the deposit stands in the name of the borrower or third party/parties
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i) Loans
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BPLR i.e. 14%
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ii) Overdraft or Cash Credit
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BPLR + 1% i.e. 15
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Existing
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Revised
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3) Partly secured/clean advance with or without guarantee
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18%
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18.75%
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4. Loans For Branch Premises - (New Accounts after 01.12.2003)
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Size of the Limit
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Upto Rs.2 lakhs
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13.25
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14.00
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Over Rs.2 lakhs
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14.25
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15.00
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(i.e. as applicable to "AAA" rated borrowers)
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The periodical revision of interest rate would not be made applicable to Premises Loans and the rates of interest charged at the time of sanction would remain unchanged
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Large / Mid Corporate Credit
Export Credit
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I.Export Credit in Foreign Currency
In terms of prescribed ceiling by RBI in Export Credit in Foreign Currency at LIBOR plus 100 bps, the following will be the rates of interest for export credit in foreign currency.
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Interest Rates (per annum)
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1
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Pre-shipment Credit
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(a) Upto 180 days
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100 bps over LIBOR/ EURO LIBOR/ EURIBOR
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(b) Beyond 180 days and upto 360 days
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Rate of initial period of 180 days prevailing at the time of extension plus 200 bps
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2
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Post-shipment Credit
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(a) On demand bills for transit period (as specified by FEDAI)
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100 bps over LIBOR/ EURO LIBOR/ EURIBOR
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(b) Usance bills (for total period comprising usance period of export bills, transit period as specified by FEDAI and grace period as wherever applicable)
Upto 6 months from the date of shipment
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100 bps over LIBOR/ EURO LIBOR/ EURIBOR
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(c)Export bills (demand or usance) realised after due date but upto date of crystalisation
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Rate for 2(b) above plus 200 bps
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3. Up-front commission:
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Exporter customers whose transaction value is less than USD 1 million
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100 bps p.a.
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Exporter customers whose transaction value is USD 1 million and above
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50 bps p.a.
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I . Rupee Export Credit
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Category of Export Credit
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Rate of Interest
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Max. as per RBI w.e.f. 26.9.01
% p.a.
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Rates
w.e.f.
01.07.08
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Rates
w.e.f.
10.08.08
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Rates
w.e.f.
08.09.08
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(1)
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(2)
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(3)
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(4)
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(5)
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1. Pre-shipment Credit
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i) Period upto 180 days
ii) Beyond 180 days and upto 270 days
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PLR–2.5
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9.50
13.50
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10.25
14.25
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10.75
14.75
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Against incentives receivables from Govt. covered by ECGC Gtee upto 90 days
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PLR–2.5
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10.50
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11.25
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11.75
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2. Post-shipment Credit
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|
|
|
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On Demand Bills for transit period (as specified by FEDAI)
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PLR–2.5
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9.50
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10.25
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10.75
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-
Usance Bills *
-
Upto 90 days
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PLR–2.5
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9.50
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10.25
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