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INTEREST RATE ON ADVANCES

BASE RATE - 9.60% ( w.e.f from 01.10.2015)

MASTER TABLE
Internal Risk Rating/PNB Score/PNB Score SME External rating

AAA

AA

A

BBB

BB & B

C & D

Unrated

A1

>80

BR

BR+0.25

BR+0.50

BR+1.00

BR+1.50

BR+2.00

BR+1.25

A2

>70≤80

BR+0.25

BR+0.50

BR+0.75

BR+1.25

BR+1.75

BR+2.25

BR+1.50

A3

>64≤70

BR+0.50

BR+0.75

BR+1.00

BR+1.50

BR+2.00

BR+2.50

BR+1.75

A4

>58≤64

BR+0.75

BR+1.00

BR+1.25

BR+1.75

BR+2.25

BR+2.75

BR+2.00

B1

>52≤58

BR+1.25

BR+1.50

BR+1.75

BR+2.25

BR+2.75

BR+3.25

BR+2.50

B2

>46≤52

BR+1.75

BR+2.00

BR+2.25

BR+2.75

BR+3.25

BR+3.75

BR+3.00

B3

>40≤46

BR+2.25

BR+2.50

BR+2.75

BR+3.25

BR+3.75

BR+4.25

BR+3.50

C1

>35≤40

BR+2.75

BR+3.00

BR+3.25

BR+3.75

BR+4.25

BR+4.75

BR+4.00

C2

>25≤35

BR+3.25

BR+3.50

BR+3.75

BR+4.25

BR+4.75

BR+5.00

BR+4.50

C3

≤25

BR+3.75

BR+4.00

BR+4.25

BR+4.75

BR+5.00

BR+5.00

BR+ 5.00

 

1. AGRICULTURE ADVANCES:

(i) Regular Crop Loans/KCC up to Rs. 3 lacs: 7%
(ii) Loans up to Rs. 20.00 lacs (including regular
crop loans/KCC above Rs. 3 lacs):
BR + 2%
(iii) Loans above Rs. 20.00 lacs: As per Master Table above.

2. MSME ADVANCES:

a)
(i)Advances up to Rs. 50000/-: BR
(ii)Advances above Rs. 50000/- & up to Rs 20 lacs: BR+2.25%
(iii)Advances above Rs. 20 lacs: As per Master Table above
b)
i)-Minimum ROI for MSME advances BR i.e presently 9.60 % *
ii)-Maximum ROI for MSME advances BR+2.50% * treating the investment grade as PNB B-3 as per internal rating
iii) Mean ROI for MSME advances BR+2.13% *

*Subject to internal/external rating of the borrower and the change of BR&ROI structure from time to time. Term premia @ 0.50% to be added for loans repayable in three years & above.

c)

The total yearly interest cost on fixed amount of credit of Rs.100000/- based on Minimum/Maximum/ Mean ROI on MSME advances will be as under till any change in our ROI structure or Base Rate.

i) At Minimum ROI @ 9.60% =Rs.10034/-
ii) At Maximum ROI @ 13.85% =Rs.14764/-
iii) At Mean ROI @ 11.73% =Rs.12382/-

3. OTHER ADVANCES:

(i)Advances up to Rs. 2 lacs: BR+ 3%
(ii)Advances above Rs. 2 lacs {including CRE(RH) Future Lease Rentals, & NBFCs (AFC)}: As per Master Table above
iii)For advances over 2 lacs to CRE (Others) & all other NBFCs: 100 basis points (1.00%) over and above rates prescribed in the Master Table.

4. OTHER GUIDELINES

(i) Tenor premium of 0.50% shall be charged for advances repayable in 3 years and above.

(ii) Minimum rate after allowing concessions shall not be below the Base Rate.

(iii) Advances where valid External Risk Rating is not available or external rating expired be treated as unrated category.

SCHEME SPECIFIC RATE OF INTEREST

1.Advance against Bank’s Own Deposits:

Particulars Rate of interest

Rupee Loans & Advances against Term Deposits standing in the name of Borrowers (singly/jointly or as a guardian in case of Individual Borrowers ), including NRE deposits:

 

1% above the rate allowed on deposit

Advances to Borrowers against third party term deposits including NRE deposits standing in the name of individuals or entities other  than individuals e.g. Partnership Concerns, Societies, Trusts, Public/ Private Ltd Cos etc.

2% above the rate allowed on deposit subject to minimum of Base rate.

Rupee Loans & Advances against FCNR(B) Deposits standing in the name of the borrower (singly/jointly or as a guardian),   Advances against term deposits held by the bank for less than minimum stipulated period of FDR (on  cancellation)  and  for  advances against balance lying in current/ savings a/c)

 

BR

 

Advances against third party FCNR(B) deposits

 

BR+0.75%

 

2. Advance against:

 

Particulars Base Rate System

a)      Life Insurance Policies including Postal Life Insurance (LIP)

BR + 1.00%

b)Postal securities (NSC/KVP/IVP)/ RBI Relief Bonds

 

                  I. Demand Loan

BR + 3.00%

                 II. Overdraft

BR + 3.50%

b)      Other Govt. Securities, Bonds, Units of Mutual Fund, FDRs of PNB Subsidiaries, etc.

BR + 3.50%

c)      Postal Term Deposits

BR + 3.00%

 

3.Schemes for financing against pledge/e-pledge of warehouse receipts issued by approved Collateral Managers including under tie up with N-SPOT

 

Particulars ROI

(i) Loans up to Rs. 50 lakh to

 

     (a) Individual farmers [including Self Help Groups (SHGs) or Joint Liability Groups (JLGs) i.e. groups of individual farmers, provided banks maintain disaggregated data on such loans] engaged in Agriculture & allied activities,

      

(b) Corporates, Partnership firms and institutions engaged in Agriculture and allied activities. 

 

 

BR+1%

 (ii) Loans to Micro, Small & Medium Enterprises including food and agro processing units under MSME.  

BR+1%

III)      Others:

Normal ROI 

 

  • Above rate of interest as per item no. 3 (i) & (ii) above will be applicable on fresh loans sanctioned up to 30.09.2016 eligible under agriculture credit and all categories of MSMEs classified under priority sector including food and agro processing units with risk rating B3 (Score 40) and above wherever applicable, till next renewal or adjustment of demand loan with a ceiling of maximum 12 months.

4.For financing under following schemes falling under Agriculture Credit shall be done @ BR+0.50% (Term Premia):

(i)Financing under Capital Investment Subsidy Scheme of National Horticulture Board (NHB)/National Horticulture Mission or any such Govt. Agency for construction/ expansion/ modernization of cold storages and storages for horticulture produce (Subsidy through NHB),

(ii)Financing under Capital Investment Subsidy Scheme for construction/renovation/ expansion of rural godowns Scheme & Advances for construction of Godowns (as per FCI/CWC specifications with long term lease agreements with FCI /CWC /SWC /Reputed Corporates who shall undertake to remit the monthly rent directly to bank) with long term lease agreements with FCI/CWC/SWC

This concessional Rate will be applicable on loans sanctioned/renewed up to 31.03.2016 and shall remain valid till next renewal/review in case of working capital/term loans respectively.

5. Food & Agro Processing Industries classified under MSME as per MSMED Act 2006:

A special package has been sanctioned to Food & Agro based Industries, which is available up to 31.03.2017 as detailed below:

(i) Rate of interest:

 

Internal Risk Rating/ PNB Score Collateral Coverage linked Special ROI

Above 100%

 Above 75%-100%

50%-75%

Below 50%

A1& A2

>70

BR

BR

BR+ 0.25%

BR+0.50%

A3, A4 & B1

≤70>52

BR+0.50%

BR+0.75%

BR+1.00%

BR+1.25%

(Term premium (0.50%) would be applicable in loans repayable in 3 years & above.)

 

(ii) In the accounts having credit risk rating below B1 (Score below 52), normal rate of interest shall be applicable.

6. Scheme for financing manufacturers/dealers/sellers of agriculture inputs such as fertilizers, pesticides: ROI under this segment is linked with the value of collateral security and to be charged as under irrespective of amount of advance:

 

Realizable Value of Collateral Security Rate of Interest

Minimum 100%

BR+2.00%

More than 100% less than 150%

BR+1.50%

More than 150%

BR+1.00%

 

7. Discounting Of Bills

 

Tenor of the Bills backed by confirmed ILCs of approved banks Rate of Interest

Upto 90 days

BR + 0.15%

91 to 180 days 

BR + 0.25%

181 days – upto less than 1 year 

BR + 0.50%

Bills not backed by ILCs

Interest Rates as applicable to Working Capital Limits

 

8. Loans to Arhtiyas and Commission Agents under Micro, Small & Medium Enterprises under priority sector shall be sanctioned as under:

S. No. AMOUNT ROI

i

Upto Rs. 25.00 lacs

     BR+1.50%

ii

Above Rs. 25 lacs

     BR+2.00%

 

9. Intermediary Agencies

Particulars ROI

(a) Loans  sanctioned upto 31.01.2000

 

(i) Finance granted to Intermediary Agencies (excluding those for Housing)for on lending to Ultimate Beneficiaries and Agencies providing input support 

BR + 3.00

(ii) Finance granted to Housing Finance Intermediary Agencies for on lending to Ultimate Beneficiaries                                      

BR + 3.00

(b)Term Loans sanctioned w.e.f. 01.02.2000 and Working Capital Advance to Intermediary Agencies (including Housing Finance Agencies)

Minimum BR + 3.00

10. Financing against pledge of warehouse receipts issued by CWC having forward sale contract with members/brokers of NMCE:

Particulars ROI

(a)        Upto Rs.2 Lakh

BR + 3.00%

(b)        Over Rs.2 Lakh

BR + 4.00%

 

11. Loan for Bank Premises shall be sanctioned @ BR+3%.

12. Clean Advances shall be sanctioned @ BR+6.50%

13. DRI advances shall be sanctioned @ 4%.

14. RUPEE EXPORT CREDIT:

Particulars Base Rate System

Pre-shipment Credit

(i)         Upto 270 days              

 

 

 

 

 

 

 

 

BR + 0.75%

 

 

(ii)        Against incentives receivable from Govt. covered by ECGC Guarantee (upto 90 days)   

Post-Shipment Credit:

 (i)       Demand bills for transit period  (as specified by FEDAI)                                                                                                    

(ii)       Usance bills (For total period comprising usance period of export bills, transit period as specified by FEDAI and grace period, wherever applicable).Upto 180 days                  

(iii)      Overdue bills upto 180 days from the date of  advance

(iv)       Against incentives receivable from  Govt. covered by ECGC Guarantee  (upto 90 days)   

(v)        Against undrawn balance (upto 90 days)

(vi)       Against retention money (for supplies portion only) payable within one year  from the date of shipment (upto 90 days)

Deferred Credit:                                                               

Deferred credit for the period beyond 180 days.                                               

 

 

BR + 6.00%

 

Export Credit Not Otherwise Specified (ECNOS):

(i)         Pre-shipment Credit

(ii)        Post-shipment Credit

The above rates are subject to the condition that the floor rate shall not fall below 7% in those accounts where identified exporters are eligible for interest subvention of 2% or 3% in terms of extant guidelines on Rupee Export Subvention.

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