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Home Interest Rates

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. 19.03.2015. The new Interest Rates applicable w.e.f. March 19, 2015 are as follows:-
Days/ Months General, NRO, Institutional, Non Scheduled UCB's & Co-operative Credit Society 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 7.75% 7.75%
91 Days to 181 Days 8.00% 8.00%
182 Days to 12 Months 8.25% 8.25%
Above 12 months to Less than 2 years 9.00% 9.50%
2 years to less than 5 years 9.15% 9.25%
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
15.02.2015
All types of Commercial Term Loans and fund based working capital limits 12.00 to 14.50 % (Depending on Credit Rating and size of exposure)
Interest Rates Icon Special Rate of Interest for Pharmaceutical activity and Agriculture and allied agriculture activity.
Interest Rates Icon Additional discount for borrowers having External High 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 (Floating 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 13.00
Mortgage Loan (Term Loan / Overdraft) 13.00 to 15.50
Cheque / Bills Purchase 18.00
Builder / Promoter Finance 16.00 to 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 Loans (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 ) 11.75 to 12.50
L. C. Discounting our customers / other customers 10.50
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. The new Interest Rates applicable w.e.f. March 19, 2015 are as follows:-
Day/Months NRE Term Deposits Rates 19.03.2015
Only 1 Year 8.25%
Above 12 Months to Less than 2 Years 9.00%
2 years to less than 5 years 9.15%
5 years upto 10 Years 9.00%
2. Card rates for 60 month's Tax Exemption Deposit Scheme w.e.f. March 19, 2015
NRI's under NRO Category
60 months' Tax Exemption Scheme 9.00%
3. Applicable Rates for Cosmo FCNR (B) and Cosmo FCNR(B) Royale Deposits with effect from 01.03.15 are as follows :
Tenor USD GBP EURO JPY
1 Year to less than 2 Years $ 2.50 £ 2.67 € 2.09 ¥ 2.14
2 Years to less than 3 Years $ 2.91 £ 3.01 € 2.10 ¥ 2.15
3 Years to less than 4 Years $ 4.26 £ 4.24 € 3.14 ¥ 3.16
4 Years to less than 5 Years $ 4.51 £ 4.42 € 3.21 ¥ 3.19
5 Years $ 4.70 £ 4.55 € 3.28 ¥ 3.23
Applicable Rates for Cosmo FCNR (B) Premium and Cosmo FCNR (B) Double Bonanza Scheme with effect from 01.03.15 are as follows :
Tenor USD GBP EURO JPY
1 Year 1 day $ 2.51 £ 2.68 € 2.10 ¥ 2.15
4. Interest Rates on Resident Foreign Currency (RFC) Deposits for the Month of March 2015
Tenor Interest Rates Applicable for RFC USD Deposit Interest Rates Applicable for RFC Euro Deposit
1 month to less than 3 months 0.17 0.00
3 months to less than 6 months 0.26 0.03
6 months to less than 1 year 0.38 0.08
1 year to less than 2 years 1.51 1.10
2 years to less than 3 years 1.91 1.10
3 years 2.26 1.14