Download retail lending rates

The above rates are subject to revision from time to time without notice.

Base Rate system has replaced the existing Benchmark Prime Lending Rate (BPLR) system w.e.f 02.07.2011. The rate will vary from time to time based on the methodology that may be employed by the Bank as permitted by the RBI and also as and when Bank revises the same as per the methodology adopted, at least on quarterly or more frequent intervals.

All new loans & advances sanctioned on or after 02.07.2011 will attract interest rate as per the new system which will be linked to Base Rate and Tenor premium.

All existing loans & advances will continue to carry interest rate as per the existing BPLR system till (i) the next renewal date for all credit facilities (ii) reset date (if stipulated) in case of term loans. However, any client may switch over to the Base Rate system by exercising one time option, on mutually agreed terms.

Any existing client desirous of switching over to Base Rate system may approach the Branch Manager for exercising the option by filling the prescribed application.