Interest Rates w.e.f. 18.01.2019
| Nature | Rate of Interest (%) p.a. | |
|---|---|---|
| General | Senior Citizen | |
| A. Domestic 4% ROI on deposits up to ₹ 25 Lakhs and 6 % ROI on deposits above ₹ 25 Lakhs* | ||
| 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% |
*Initial balance up to Rs. 25.00 lakh will attract interest @ 4.00% p.a. and balance over and above Rs. 25.00 lakh will attract interest @ 6.00% p.a.
We hereby inform to all our esteemed depositors/account holders that the interest rates on Domestic Term Deposits are revised w.e.f 15.10.2018.
The new Interest Rates applicable w.e.f. 15.10.2018 are as follows:-
| Period | General, NRO, Institutional, Co-operative Credit Society & Non-Scheduled UCBs | Resident Senior
Citizen |
| 7 days to 14 days [For Deposit below ₹ 1.00 Crores][For Deposit of ₹ 1.00 Crore & Above.] |
Nil
4.00% |
Nil
4.50% |
| 15 days to 90 days | 5.50% | 5.50% |
| 91 days to 181 days | 6.25% | 6.25% |
| 182 days to less than 9 months | 6.50% | 6.50% |
| 9 Months (Cosmo Shubhankar Deposit Scheme) |
8.50% (Yield 8.68%) |
8.50% (Yield 8.68%) |
| Above 9 months to 12 months | 6.50% | 6.50% |
| Above 12 months to less than 13 months | 7.50% | 7.75% |
| 13 Months (Cosmo Dhanvarsha Deposit Scheme) |
8.10% (Yield 8.38%) |
8.10% (Yield 8.38%) |
| Above 13 Months to 18 months | 7.50% | 7.75% |
| Above 18 months to less than 21 months | 7.25% | 7.25% |
| 21 Months (Cosmo Shubhankar Deposit Scheme) |
8.25% (Yield 8.78%) |
8.40% (Yield 8.95%) |
| Above 21 Months to 24 Months | 7.25% | 7.25% |
| Above 24 months to less than 5 years | 6.75% | 6.75% |
| 5 years up to 10 years | 6.75% | 6.75% |
| Cosmo TAX Saver Deposit Scheme | General & HUF | Senior Citizen |
| 7.50% | 7.50% |
Special Interest rate for Resident Senior Citizen – Elite Senior Citizen
(Age completed 75 & Above)
| Period | Rate of Interest |
| Above 12 Months to less than 13 Months | 8.00% |
| 13 Months (Cosmo Dhanvarsha Deposit Scheme) |
8.10% (Yield 8.38%) |
| Above 13 months to 18 months | 8.00% |
| Above 18 Months to less than 21 Months | 7.50% |
| 21 Months
(Cosmo Shubhankar Deposit Scheme) |
8.40% (Yield 8.95%) |
| Above 21 months to 24 months | 7.50% |
| Above 24 Months to less than 5 years | 7.00% |
*New rates will be applicable to all the credits received on and after 14.06.2018.
Flexi Fixed Deposit Scheme – Revised Rate
| For both General & Senior Citizen | 5.50% |
Housing loan new floating ROI for general borrowers with no categorization
| Amount / Type of Loan | Revised ROI %p.a. w.e.f 01.02.2017 |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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) | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Special Rate of Interest for Pharmaceutical activity and Agriculture and allied agriculture activity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Additional discount for borrowers having External High Rating | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| For Other Advances | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Vehicle Loan for 2 wheeler w.e.f. 1/2/2017 for new loan (for 36 months) | 11.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Vehicle Loan for 2 wheeler w.e.f. 1/2/2017 for new loan (for 60 months) (Floating ROI) |
12.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Two Wheeler Loan | 11.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Vehicle Loan for 4 wheeler | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| New car loan: Rs.1 to 20 lacs |
||||||||||||||||||||||||||||||||||||||||||||||||||||
| Up to 3 years Above 3 years up to 5 years Above 5 years up to 7 years |
8.25 8.75 10.00 |
|||||||||||||||||||||||||||||||||||||||||||||||||||
| Rs. 20 lacs to 1 crs (only for 5 years) | 10.75 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Loan against assignable and tax free bonds | 12.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Loan against NSC / LIC Overdraft | 12.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Loan against Gold | 11.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Share / Mutual Fund / Overdraft | 10.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Consumer loans for domestic appliances | 13.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Cosmo – Credit | 13.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Cosmo – Credit (for salary account holders only) | 12.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Cosmo – Professionals Loan | 12.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Surety Loan | 13.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Cosmo Krushi Market Finance | 0.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Cosmo Women Loan Scheme | 9.10 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| SHG/JLG | 9.75 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Education Loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Up to 4 Lac | 11.25 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Above 4 Lac | 10.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| SME / Cosmo Working Capital Loan Scheme | 12.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Mortgage Loan(Term Loan/Overdraft) | 11.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Cheque / Bills Purchase | 18.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Builder / Promoter Finance | 16.00-17.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Wind Mill Finance | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Up to Rs. 20 Crs | 13.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Above Rs. 20 Crs | 12.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Vendor Finance (Hundi Discounting) | 11.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Community | 11.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Housing loan rate of interest w.e.f. 1/2/2017 for new loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| For women | 8.60 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| For Others | 8.65 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Cosmo Home Delight Scheme | 10.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Lease Rental Discounting | 9.50 to 10.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| L. C. Discounting our customers / other customers | 10.20 | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Differential Interest Rates applicable to different Categories of Of Exporters on availment of Rupee Export Credits BPLR is considered as 13.50 % p.a. |
||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1. The new Interest Rates on NRE Term Deposit applicable w.e.f. 14.06.2018 are as follows:- | ||||
| Day/Months | NRE Term Deposit rates w.e.f.14.06.2018 | |||
|---|---|---|---|---|
| Only 1 year | 6.50% | |||
| Above 12 months to 18 months | 7.50% | |||
| Above 18 months to 24 months | 7.25% | |||
| Above 2 years to less than 5 years | 6.75% | |||
| 5 years up to 10 years | 6.75% | |||
| 2. Card rates for 60 month’s Tax Exemption Deposit Scheme w.e.f. 21.02.2019 | ||||
| NRI’s under NRO Category | ||||
| 60 months’ Tax Exemption Scheme | 7.50% | |||
3. Applicable Rates for Cosmo FCNR (B) and Cosmo FCNR(B) Royale Deposits with effect from 01.03.19 are as follows :
| Tenor | USD Applicable | GBP Applicable | EURO Applicable | JPY Applicable |
| 1 year to less than 2 years | $ 3.88 | £ 2.19 | € 1.06 | ¥ 1.25 |
| 2 year to less than 3 years | $ 3.83 | £ 2.37 | € 1.11 | ¥ 1.24 |
| 3 Years to less than 4 years | $ 4.78 | £ 3.45 | € 2.20 | ¥ 2.23 |
| 4 Years to less than 5 years | $ 4.75 | £ 3.51 | € 2.31 | ¥ 2.23 |
| 5 Years | $ 4.77 | £ 3.56 | € 2.41 | ¥ 2.25 |
4. Applicable Rates for Cosmo FCNR (B) Premium and Cosmo FCNR (B) Double Bonanza Scheme with effect from 01.03.19 are as follows :
| Tenor | USD Applicable | GBP Applicable | EURO Applicable | JPY Applicable |
| 1 year 1 day | $ 3.89 | £ 2.20 | € 1.07 | ¥ 1.26 |
5. Interest Rates on Resident Foreign Currency (RFC) Deposits for the Month of March 2019
|
Tenor |
Interest Rates Applicable for RFC USD Deposit |
Interest Rates Applicable for RFC Euro Deposit |
|---|---|---|
| 1 month to less than 3 months | 2.62 | 0.00 |
| 3 months to less than 6 months | 2.69 | 0.00 |
| 6 months to less than 1 year | 2.86 | 0.00 |
| 1 year to less than 2 years | 3.64 | 0.82 |
| 2 years to less than 3 years | 3.58 | 0.86 |
| 3 years | 3.53 | 0.95 |
