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Rate of Interest PDF Print E-mail

 

Rate of Interest on deposits

 

Savings Bank : 4 % p.a.

 

 

Term Deposits :

SL No.

Duration

Rates  w.e.f. 15.09.2015

1

7 days to 14 days

6.00% p.a.

2

15 days to 29 days

6.00% p.a.

3

30 days to 45 days

6.00% p.a.

4

46 days to 60 days

7.00% p.a.

5

61 days to 90 days

7.00% p.a.

6

91 days to 180 days

7.00% p.a.

7

181 days to 240 days

7.25% p.a.

8

241 days to less than 1 year

7.25% p.a.

9

1 year to less than 2 years

8.25% p.a.

10

2 years to less than 3 years

8.25% p.a.

11

3 years to less than 5 years

8.25% p.a.

12

5 years to less than 10 years

7.50% p.a.

13

Senior Citizen

0.50% p.a. extra from time rate of general public for deposit for more than 1 year above.


 

 

#      For bulk deposits of more than ` 5.00 crores, a higher differential interest rates for a period

of 3 years may be quoted with prior approval of the Chairman.

# Penal interest of 0.50% below the normal interest rate applicable to the period for which the

deposit has remained with the bank may be realized on premature withdrawal of Term Deposits.

# Premature  penalty will not be applicable if a customer had booked to preclose and reinvest a

fresh in other duration or rate of interest and the balance is remained with the bank .

 

Recurring Deposits :

Interest Rates on Recurring Deposits will automatically changed at par with Term Deposit Interest rate.

 

Rate of Interest on loans and advances

 

Sl. No.

Types of Advances

Rates

w.e.f. 01.04.2012

1.

Agriculture & Allied Agriculture



a)

Crop Loan

7.00%


b)

Working Capital & Term Loan




Upto 3 lacs

12.50%



3 – 5 lacs

13.50%



Above 5 lacs

14.50%


c)

KCC (Other than crop loan)




Upto 1 lac

12.50%



Above 1 lac

13.00%


d)

SHG / SGSY (non-farm sector)




Upto 0.50 lac

12.50%



0.50 to 2 lacs

13.50%



Above 2 lacs

14.50%


e)

SHG / SGSY (farm sector) Agri &

Allied Activities

Same as non –farm sector

2.

Small & Medium Enterprise (SME)



a)

Cash Credit (SSI/SBF/Mortgage




Upto 3 lacs

13.00%



3 – 5 lacs

14.00%



Above  5 lacs

14.75%


b)

General Cash Credit / Simple Credit Card / Swarojgar Credit Card

13.00%


c)

SME – Term Loan (SBF/SSI)




Upto 2 lacs

13.00%



Above 2 lacs

14.50%

3.

Personal Segment



a)

Housing Loan / Rural Housing Loan




Repayable within 10 yrs

12.00%



Repayable beyond 10 yrs

12.50%


b)

Personal Loan / Festival Loan

14.50%


c)

Car Loan / Vehicle Loan




Upto 0.50 lac

13.00%



0.50 – 2 lacs

14.00%



Above 2 lacs

14.50%


d)

Education Loan




Upto 4 lacs

13.50%



4 – 7.50 lacs

14.50%



Above 7.50 lacs

15.00%


e)

Demand Loan against TDR

2% above TD Rate

4.

Clean Overdraft




Public

16.00%



No Frill Account upto 1000/-

12.00%

 

Sl.No Duration Rates
1 181 days to less than 1 year 7.75% p.a
2 1 year to less than 2 years 9.25 % p.a
3 2 years to less than 3 years 9.25 % p.a
4 3 years to less than 5 years 9.25 % p.a
5 5 years to less than 8 years 9.25 % p.a
6 8 years to less than 10 years 9.25 % p.a
 

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Mizoram Rural Bank
Head Office: B-5, Babu Tilla
Zarkawt, P.B.No.160
Aizawl – 796007
Mizoram

Phone : 0389-2346380/82/88, 2346457
Fax: 0389-2346387/84
email: info@mizoramruralbank.com; mizobank@yahoo.com