Interest Rates

Interest Rates on Loans

Head of Loans/Advances Rate of Interest(%)

CKCC/Crop loan/RMG/JLG

Up to Rs.3,00,000/- durinq subvention period 7.00
Up to Rs.3,00,000/- after subvention period 12.50
Above Rs.3 00,000/- 13.50

CKCC / CROP LOAN IN CASE OF NURSERY CROPS

Up to Rs.3,00,000 during subvention period 7.00
Up to Rs.3,00,000/- after subvention period 10.70
Above Rs.3,00,000/- 10.70

Agri. Gold Loans ( No subvention)

Rythu Swarna Gold Loan (RSWGL) 7.95
Aqri. Gold loans without subvention (AGLNS) 10.00
Aarl. Term loans aqainst pledge of gold (ATLSW) 12.00
Non Aq. Gold loans up to Rs.2.00 lakh 12.00
Non-Aq. Gold loans above Rs.2.00 lakh 12.50

Agriculture Term Loans

Farm mechanization / power tillers / Harvesters 12.00
Other Aqriculture term loans including Rural Godowns 12.00
Dairy, sheep and other allied activities 12.00
Kisan Chakra Loans - 2 wheeler / 4 wheeler 12.00
Term Loan for Agri land Purchase 11.50

Non-Aqrl Term loans ( RTO, BE,RT,P&SE,RCC)

Up to Rs.50000/- 12.00
Above Rs.50000/- 13.00
SSI 13.00
Head of Loans/Advances Rate of Interest(%) Rate of Interest(%)
General Credit Card ( Max. limit Rs.25000/-) 14.00
SCCGN ( Max. limit Rs.50000/-) 12.00
NFSJL Up to Rs.50000/- per qroup 13.00
NFSJL Above Rs.50000/- per qroup 14.00

SHGCC ( both farm sector and non-farm sector)

NRLM Districts (Guntur & East Godavari)
SHGs administered by SERP
Up to Rs.3,00,000/- ( with interest subvention) 7.00
Above Rs.3,00,000/- ( with interest subvention) 13.00
SHGs administered by MEPMA
Up to Rs.3,00,000/- ( with interest subvention) 9.50
Above Rs.3,00,000/- ( with interest subvention) 13.00

Other Advances

Housing loans for construction / purchase of plot - General *8.35 Onwards
Housing Loans for repair/renovation 10.00
Educational loans *11.00 Onwards
SOD to traders 11.50
SOD/Term loan to traders under MSME 11.50
OCC up to Rs.2.00 lakh 12.00
OCC above Rs.2.00 lakh based on rating
A+++ 12.50
A++ 13.00
A+ 13.25
A 13.50
B 15.00
C 15.00
Commercial Real Estate 13.00
Solar home liqhtinq 12.50
Clean loans/TOD/COD 18.00
Vehicle loans - four wheeler 10.00
Vehicle loans - two wheeler 11.00
Property Overdraft (POD)/ Property Term Loan (PTL) 10.50
Loans aqainst NSC,KVP,LIC 16.00
Produce loans 12.00
Loans against Merchandise (LAMS) Maximum limit of Rs.50.00 lakh
Farmers 12.00
Traders 15.00
Head of Loans/Advances Rate of Interest(%) Rate of Interest(%)
Invoked Bank Guarantees 18.00
Returned bills from the date of purchase/ discount till the date of adjustment 18.00
Welcome Doctor scheme
Term Loan 9.50
Working Capital 9.25
Other Term Loans
For Equipment/machinery purchase 11.00
For Construction of commercial establishment 12.05
For Social infrastructure projects 11.00
Personal Loans
Salaried *10.75% onwards
Non-salaried *10.25% onwards
*Terms & Conditions apply

Interest Rates on Deposits

Period Rate of interest %
(w.e.f. 20.10.2022)
Less than Rs 1 Cr Rs 1 Cr & Above
15 days to 45 days 4.25 3.75
46 days to 90 days 5.00 4.75
91 days to 179 days 5.50 5.25
180 days to 364 days 6.50 6.25
1 year to less than 2 years 7.10 6.85
2 years and above 6.25 6.00
Senior Citizens 0.50% extra in all the above slabs
AKSHAYA Term Deposit Scheme - III (Non-Callable) 7.00% for one year period
UJWALA Term Deposit Scheme 7.25% for one year period