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Aug 07, 2018
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Mar 31, 2018
Result of written exam for trainee clerks held on 11th March 2018
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Interest Rates

 
Rate of Interest on Loans and Advances  
Sr. No Product ROI Credit Rating
(A, B, C)
Repayment Applicable Since
1 Cash Credit 11.00 % to 13.00 % Yes Annual Review Existing A/c During Renewal and New w.e.f. 01/04/2017
2 Mortgage Loan & Secured Loan 11.00 % to 13.00 % Yes Up to 7 Years Effective from 
01/04/2017
14.00 %  No 7 to 10 Years
  Vehicle Loan (New)  
3 a) Personal Use 10.00 % No Up to 84 months Effective from
01/04/2017
Vehicle Loan (2nd Hand)
-Personal Use
12.00 % No Up to 60 months Effective from
01/04/2017
4 Vehicle Loan for Commercial Use (New Vehicle) 11.00 % to 13.00 % Yes Up to 84 months Effective from 
01/04/2017
Vehicle Loan for Commercial Use
(2nd Hand)
13.00 % to 15.00 % Yes Up to 36 months Effective from
01/04/2017
5 Housing Loan  10.00 % No Up to 240 months Effective from 
01/04/2017
6 Personal Loan  
a) General 15.00 % to 17.00 % Yes Up to 60 months Effective from
01/04/2017
b) Personal Loan as per scheme 14.00 % No Up to 60 months Effective from
01/04/2017
7 Loan Against Gold,NSC, Govt.Securi.S.V of LIP    11.00 % No Up to 60 months Effective from
01/04/2017
8 Loan /OD against Own Deposits 1% over the ROI applicable to  Deposits No  As per Due Date Effective from 
01/04/2017
9 Loan/OD against 3rd Party Deposit 2% over the ROI applicable to  Deposits No  As per due date Effective from 
01/04/2017
10 Education Loans -Unsecured Up to Rs.5.00 Lakh  14.00% Yes  Up to 5 years Effective from 
01/04/2017
Secured Against Property 11.00% to 13.00% Yes Up to 7 years  
(without gestation)
14.00% Yes Up to 7 years  
(with gestation)
11 Lease Rent Discounting 11.00 % to 13.00 %  Yes  Up to 7 years Effective from 
01/04/2017
12 Lease Rent Discounting 11.00 % to 13.00 % Yes Up to 7 years Effective from 
01/04/2017
13.00 % to 14.00 % Yes Above 7 Years to 10 Years Effective from
01/04/2017
13 Loans to Professionals  10.50%,
11.50% & 12.50%
Yes  Up to 7 years Effective from 
01/04/2017
14 House Furnishing
(Linked to Housing Loans only up to Rs.5.00 lakh)
12.00 %  No  60 months maximum Effective from
01/04/2017
15 Composite Secured Loan Scheme Up to Rs.5.00 lakh

(Securities in the form of tangible assets)
-13% with 25% Collateral Security
-14% without Collateral Security
No 60 months Effective from
01/04/2017



 
RATE OF INTEREST ON TERM DEPOSITS w.e.f. 26th September 2017
Period Interest Rates (% P.A.)
General Public, Co-op. Hsg. Soc. Senior Citizen (Inc. bulk dept.) Bulk Deposit (15 Lakh & above) for all categories except Sr. Citizens
15 days  to   90 days  4.00  4.25  4.00
91 days  to 180 days  5.00  5.25  5.00
181 days  to  12 Months  6.00  6.25  6.00
Above 12 Months to 24 Months
For FD-STD/QIP/MIP  8.00  8.10 8.10
For Reinvestment   7.00  7.25 7.00
For Recurring Deposit   7.00  7.25 N.A.
Above 24 Months to 60 Months (All Products)  7.00  7.25 7.00
Above 60 Months to 120 Months (All Products) 6.50  6.75  6.50

Accordingly, interest rate as well as maturity amount of our Vaishya Bank Lakhpati Scheme will stand revised as under:
No. of Months    Rate of Interest (%) Monthly Installment (Rs.) Maturity Amount(Rs.)
12  6.00  8,069  1,00,017
24  7.00 3,875  1,00,052
36  7.00  2,494  1,00,102
48  7.00 1,805 1,00,148
60  7.00  1,393 1,00,202
72  6.50  1,135  1,00,047
84  6.50  940  1,00,060
96  6.50  794  1,00,016
120  6.50  592  1,00,041
*Senior Citizen / Bulk Deposit rates are not applicable for the Lakhpati Scheme.

Further, to this it has been decided that:

  1. Reduction in the Rate of Interest by 0.50% p.a. on card rate to all Small Scale Industries (SSI units) in all categories of advances shall be granted w.e.f. 01/04/2017. The Certificate of SSI unit should be kept on record. In case, the certificate is expired, renewed copy of the same should be kept on record.
     
  2. Existing practice of reduction in Rate of Interest by 0.25% p.a. on card rate to the following types of women borrowers shall be granted except Gold Loan, and Loan against Deposit. w.e.f. 01/04/2017.
    • Woman as a single borrower.
    • In case of joint borrowers, where woman is first borrower.
    • In case of joint proprietors, where woman is proprietor and solely manages the business.
  3. Penal interest @ 2% p.a. to be charged to Cash Credit & Overdraft Accounts for non-submission of Stock Statement.
     
  4. No Processing Fees for Housing Loan & Vehicle Loan (New) for Personal use and Loans to Professionals.