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. 12.50%
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ii) Overdraft or Cash Credit
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BPLR + 1% i.e. 13.50%
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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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17.25%
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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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12.50%
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Over Rs.2 lakhs
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14.25%
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13.50%
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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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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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10.75
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ii) Beyond 90 days upto 6 months from the date of shipment
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PLR+0.5
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13.00
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13.75
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14.25
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Against incentive receivable 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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Against undrawn balances (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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Against retention money (for supplies portion only) payable within 1 year from the date of shipment (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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3. Deferred Credit – For the period beyond 180 days
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@
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BPLR + Credit Risk Spread
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BPLR + Credit Risk Spread
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BPLR + Credit Risk Spread
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4. Export Credit Not otherwise Specified (ECNOS)
a) Pre-shipment Credit
b) Post Shipment Credit
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@
@
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BPLR+ 3.5% BPLR+ 3.5%
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BPLR+ 3.5% BPLR+ 3.5%
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BPLR+ 3.5% BPLR+ 3.5%
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* For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period wherever applicable.
@Banks to decide keeping in view PLR and spread guidelines.
2. The above rates are also applicable to Export Goldcard holders.
3. The normal transit period NTP for exports to Iraq has been enhanced to 120 days from the date of shipment. Accordingly, the rates of interest applicable for post shipment exports to Iraq for a temporary period as a special case is as under.
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Applicable rate of int. (% p.a.)
Upto 07.09.2008
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Applicable rate of int. (% p.a.)
w.e.f. 08.09.2008
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a) On demand bills for transit period (as specified by FEDAI) upto 120 days
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10.25
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10.75
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b) Usance bills
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i) upto 120 days
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10.25
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10.75
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ii) beyond 120 days and upto six months from the date of shipment
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13.75
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14.25
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