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A.      Rate of Interest on deposits p.a.                                    w.e.f. 07.01.2017

1.        Current Deposits                                                                Nil

2.        Savings Bank                                                                         4.00 % p.a.

3.        Term Deposits (Period-wise)

i)        7 days and up to 45 days                                                       5.75 % p.a.

ii)       46 days to 60 days                                                                 6.75 % p.a.

iii)      61 days to 90 days                                                                 6.75 % p.a.

iv)      91 days to 180 days                                                               6.75 % p.a.

v)       181 days to to less than 1 year                                               7.10 % p.a.

vi)      1 year to less than 2 years                                                      7.10 % p.a.

vii)     2 years to less than 3 years                                                    7.00 % p.a.

viii)    3 years to less than 5 years                                                    6.75 % p.a.

ix)      5 years and up to 10 years                                                     6.75 % p.a.

x)       Senior Citizen (for 1 year above)                                          0.50% extra.

B.        Rate of Interest on Advances p.a.

1.        Small & Medium Enterprise (SME)                                   Rate of interest

a)   Cash Credit - (SSI/SBF)                                          13.00%  to 13.75% p.a.

b)   GCC/ACC/Swarojgar CC/SPCC                                   12.75% p.a.

c)   Term Loan (SBF/SSI) 13.00%  to 13.50% p.a.

d)   SHG/NRLM/JLG (Non-Farm Sector)            12.50%  to 13.50% p.a.

2.     Agriculture & Allied Activities

a)   Crop Loan                                                                                   7.00% p.a.

b)    Working Capital and Term Loan                            12.00%  to 13.00% p.a.

c)    KCC other than Crop                                            12.00%  to 13.00% p.a.

d)    SHG/NRLM/JLG (Farm Sector)                           12.00%  to 13.00% p.a.

3.          Other Priority Sector Advances

a)    Public Vehicle Loan                                                13.00%  to 13.75% p.a.

b)    NULM                                                                       7.00%  to 7.50% p.a.

c)    NHFDC                                                                     4.00%  to 5.00% p.a.

d)    JNNSM                                                                                    12.75% p.a.

e)    School Plus                                                                               12.50% p.a.

f)    MUDRA                                                                12.00%  to 13.00% p.a.

g)    Housing Loan                                                         11.50%  to 12.50% p.a.

h)   Education loan                                           12.75% p.a. to 13.75% p.a.

4.           Non-Priority Sector Advances

1.     Personal Segment                                                13.25% p.a. to 15.00% p.a.

2.     Festival Loan                                                                               15.25% p.a.

3.     Car Loan                                                             13.00% p.a. to 13.50% p.a.

4.     Demand loan against TDRs                                                       2.00% above

5.     Clean Overdraft                                                                           15.50% 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