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Interest Rates

 

Interest Rates w.e.f. 15.04.2012
Nature Rate Of Interest (%) p.a.
Account
General Senior Citizen
A. Domestic
a. With cheque Book facility 4.00% 4.00%
b. Without cheque Book facility 4.00% 4.00%
c. No Frills Account 4.00% 4.00%
B. Non Resident
a. NRO 4.00% 4.00%
b. NRE 4.00% 4.00%

We hereby inform to all our esteemed depositors/account holders that the interest rates on Term deposits and Domestic Saving Deposit have been revised w.e.f. 06.11.2013. The new Interest Rates applicable w.e.f. November 06, 2013 are as follows:-
Period General & Institutional, Non Scheduled UCB's & Co-Operative Credit Societies Senior Citizen
15 Days to 30 Days 6.75% 6.75%
31 Days to 60 Days 7.25% 7.25%
61 Days to 90 Days 7.50% 7.50%
91 Days to 181 Days 8.00% 8.00%
182 Days to 12 Months 8.50% 8.50%
Above 12 Months to less than 2 years 9.50% 10.00%
2 years to less than 5 Years 9.30% 9.50%
5 years upto 10 Years 9.00% 9.25%
Card Rates for Cosmo TAX Saver Deposit Scheme -
Individual & HUF Depositors Senior Citizen
Cosmo TAX Saver Deposit Scheme 9.00% 9.25%
Rate of Interest on Flexi Fixed Deposit -
Period General Depositors Senior Citizen
Flexi Fixed Deposit 6.75% 6.75%

Amount / Type Of Loan Revised ROI %p.a. w.e.f
12.11.2012
Rate of Interest for Cash Credit, SLSO, BD & Term Loans
Upto Rs. 1 Crore 13.50
Above Rs. 1 Cr. And below Rs.10 Crs. 13.75 + credit rating
From Rs.10 Crs. And below Rs.25 Crs. 14.00 + credit rating
From Rs.25 Crs & above 13.00 + credit rating
Agriculture & Allied to Agriculture loans (Irrespective of amount) 13.50 + credit rating
Pharmaceutical loan ( Trading / Manufacturing )
Upto Rs. 25.00 Crs. 13.00 + credit rating
Rs. 25 Crs. & above 12.50 + credit rating
Hotel / Education Institution 13.50 + credit rating
Jewellers (above Rs. 50.00 Crs.)
Fixed rate for 1 yr
13.50 + credit rating
Group exposure Rs. 25 Crs. & above
13.00 + credit rating
Pharma Group exposure Rs. 25 Crs. & above
12.50 + credit rating
For Other Advances
Vehicle Loan for 2 wheelers upto 36 months
(Floating ROI)
12.00
Vehicle Loan for 2 wheelers 60 months
(Floating ROI)
12.50
Vehicle Loan for 4 wheelers 60 months (Folating ROI) 13.50
Vehicle Loan for 4 wheelers 84 months
(Floating ROI)
14.50
Special Scheme for Car Loan (Fix Period)
1st Year 2nd year Last 3 yrs(fixed)
11.50 12.00 13.00
Car Loan (Fix ROI w.e.f 01.01.2013 for new loan proposals only)
Upto 60 months Above 60 to 84 months
10.25(Fixed) 11.25(Fixed)
Loan against assignable and tax free bonds 13.00
Loan against NSC / LIC Overdraft 13.50
Loan against Gold 12.00
Share Overdraft 13.50
Consumer loans for domestic appliances 13.50
Cosmo - Credit 13.50
Cosmo - Credit (for salary account holders only) 12.50
Surety Loan 13.50
Education Loan
For Male Student
Study in India 13.00
Study in Abroad 12.50
For Female Student
Study in India 12.50
Study in Abroad 12.00
SME / Cosmo Working Capital Loan Scheme 13.50
Mortgage Term Loan 15.00
Mortgage Overdraft 15.00
Cheque / Bills Purchase 18.00
Builder / Promoter Finance 17.50
Wind Mill Finance
Upto Rs. 20 Crs. 14.00
Above Rs. 20 Crs. 13.00
Vendor Finance (Hundi Discounting) 11.50
Minority Community 11.50
Housing Loans Floating Rates (ROI w.e.f 01.01.2013 for new loan proposals only)
Upto Rs. 25.00 lacs 9.75
Above Rs. 25.00 lacs to Rs. 70.00 lacs 10.00
Housing Loan (Fixed ROI) (Resetting after first 3 years)
Up to Rs. 25.00 lacs 11.00
Above Rs. 25.00 lacs to Rs. 70.00 lacs 12.00
Lease Rental Discounting ( w.e.f. 01.03.2013 )
I) Property Less than 50000 sq. fts. / advances less than Rs. 15 crores 12.50
ii) Property more than 50000 sq. fts. / advances more than Rs. 15 crores and less than Rs. 30 crores 13.00
iii) Property more than 50000 sq. fts. / advances above Rs. 30 crores 13.50
Other Loans
NBFCs / ARCs engaged in financing SSI and Agricultural Activities other NBFCs / ARCs 15.50
L. C. Discounting our customers / other customers 11.00
Interest Rates applicable to different categories of Rupee Export Credit.
Catergories of Export Credit BPLR is considered 13.75% p.a.
RBI's Guidelines Our Effective rates % p.a. w.e.f. 12-11-2012
1] Pre shipment Credit
A] Upto 270 days. Not Exceeding PLR-2.50% Not Exceeding 11.25%
B] Beyond 270 days to 365 days. Free Not Exceeding 2% Over and above PLR i.e. 15.75%
2] Post Shipment Credit
A] On Demand Bills (For transit period as per FEDAI guidelines) i.e. side bills or CAD bills Not Exceeding PLR-2.50% Not Exceeding 11.25%
B] Usance bills (for total period comprising of usance export bills transit period as specified by FEDAI)
I] Upto 90 days. Not Exceeding PLR-2.50% Not Exceeding 11.25%
II] Beyond 90 days upto 6 months from Shipment date. Not Exceeding PLR-2.50% Not Exceeding 11.25%
Deferred credit period beyond 180 days. Free Not Exceeding 3.50% Over and above PLR i.e. 17.25%
3] Export credit not otherwise specified
I) Pre-shipment Credit Free BPLR + 4% i.e. 17.75%
I) Post-shipment Credit Free BPLR + 4% i.e. 17.75%

1. NRE Term Deposits Rates w.e.f. November 06, 2013
Day/Months NRE Term Deposits Interest Rates
Only 1 Year 8.50%
Above 12 Months to Less than 2 Years 9.50%
2 Years to Less than 3 Years 9.30%
3 years to less than 5 years 9.30%
5 years upto 10 Years 9.00%
2. 60 months' Tax Exemption Deposits Scheme rates w.e.f. November 06, 2013
General Depositors, NRI's under NRO Category
60 months' Tax Exemption Scheme 9.00%
3. Cosmo (FCNR B ) Deposits with effect from 01.04.2014
Tenor USD GBP EURO JPY
1 Year to less than 2 Years $ 2.55 £ 2.90 € 2.54 ¥ 2.33
2 Years to less than 3 Years $ 2.59 £ 3.49 € 2.49 ¥ 2.20
3 Years to less than 4 Years $ 4.05 £ 4.82 € 3.64 ¥ 3.22
4 Years to less than 5 Years $ 4.48 £ 5.07 € 3.82 ¥ 3.27
5 Years $ 4.85 £ 5.29 € 4.01 ¥ 3.34
New Cosmo FCNR (B) Premium and Cosmo FCNR (B) Double Bonanza Scheme with effect from 01.04.2014
Tenor USD GBP EURO JPY
1 Year 1 day $ 2.56 £ 2.91 € 2.55 ¥ 2.34
4. Interest Rates on Resident Foreign Currency (RFC) Deposits for the Month of April 2014
Tenor Interest Rates Applicable for RFC USD Deposit Interest Rates Applicable for RFC Euro Deposit
1 month to less than 3 months 0.15 0.21
3 months to less than 6 months 0.23 0.28
6 months to less than 1 year 0.33 0.38
1 year to less than 2 years 1.56 1.55
2 years to less than 3 years 1.59 1.49
3 years 2.05 1.64