Interest Rates

Rate of Interest on Term Deposits  w.e.f  04-05-2017

 

Sr. No.

Maturity Period

Rate of Interest

For senior citizens

1

15 days to 45 days

5.50%

5.50%

2

46 days to 90 days

6.25%

6.25%

3

91 days to 179 days

6.50%

6.50%

4

180 days to 364 days

(Half year to less than one year)

6.75%

6.75%

5 1 year (12 months)
7.00% 7.50%

6

1 year but less than 2 years

6.75%

7.25%

7

2 years but less than 3 years

6.25%

6.75%

8

3 years and above

6.25%

6.75%


Provident Fund

7.00%

7.00%


(a)    Interest of 0.50% above these rates to the Senior citizens will be admissible to single Fixed Deposit of Rs.5000/- and above for the period of one year and above.
(b)    Interest earned on the Fixed Deposit will be subject to Tax Deducted at Source as per Income Tax laws.
(c)     No interest is payable for deposits prematurely withdrawn in the slab  of 15-45 days.
(d)    These revised interest rates will be applicable for new deposits and renewal of existing terms deposits.

The Patiala Central Cooperative Bank Ltd., Patiala

Rate of  interest on Loans  W.E.F. 01/07/2014.

Sr.

Type of loan

Existing Rate

Revised rate

Penal Interest

No.

 

of Interest

of Interest

 

1

S.T Agriculture Loan

 

 

 

 

By Bank from PACS (w.e.f. 01/04/2011)

4.50

5.00

6.00

 

By PACS from member (w.e.f. 09/11/2012)

7.00

7.00

9.50

2

S.T. N.A.P. Loans

 

 

 

 

By Bank from PACS (w.e.f. 01/10/2009)

8.50

8.50

9.50

 

By PACS from member (w.e.f. 01/10/2009)

10.00

10.00

11.00

3

C.C.L. to Soc. For fertilizer

10.00

10.00

11.00

4

C.C.L. to Soc. For Essiential Goods

10.00

10.00

11.00

5

C.C.L to Pacs for return of deposits

10.00

10.00

11.00

6

S.T. Consumption Loan

 

 

 

A

Non Agriculturist members of PACS

 

 

 

 

By Bank from PACS

10.75

10.75

11.75

 

By PACS from member

11.75

11.75

13.25

B

Agriculturist Member of PACS

 

 

 

 

By Bank from PACS

10.75

10.75

11.75

 

By PACS from member

11.75

11.75

13.25

7

M.T.Agricultural Loan Through PACS

 

 

 

 

Bank To PACS     (w.e.f. 05/11/2011)

10.75

11.50

12.50

 

PACS to Member  (w.e.f. 05/11/2011)

12.75

13.50

16.00

7(a)

M.T. Conversion

 

 

 

 

Bank To PACS     (w.e.f. 30/01/2014)

8.75

8.85

9.85

 

PACS to Member (w.e.f. 30/01/2014)

10.25

10.35

11.85

8

C.C.Limit under MAI Bhago Scheme

 

 

 

 

Bank To PACS

9.25

9.25

10.25

 

PACS to Member

10.75

10.75

12.25

9

R.C.C. Farmer  (Half Yearly)    (w.e.f. 01/01/2012)

12.00

12.25

15.25

10

Housing Loan (Urban) Quartely (w.e.f.01/07/2014)

13.00

12.00

15.00

11

Housing Loan (Rural) Quartely  (w.e.f.01/07/2014)

13.00

12.00

15.00

12

Farm Sector Agriculture Economic Zone

11.75

11.75

12.75

13

N.F.S. (composit, integrated and SRTO) H.Y

13.00

13.75

16.75

14

Loan For Rural Godown/Cold Store

13.00

13.00

16.00

15

SHG/SGSY  Half Yearly  (w.e.f. 01/01/2012)

10.00

12.00

15.00

16

Vehicle Loan  (Quarterly) w.e.f. 01-01-2012

13.00

14.00

17.00

17

Second Hand Car Loan (Quarterly) w.e.f. 01-01-2012

13.50

15.00

18.00

18

C.C.L  To Trader           (w.e.f. 01/01/2012)

13.50

14.50

17.50

19

Two Wheeler Loan to Farmer  (Half yearly)

12.00

12.00

15.00

20

Consumer Loan

 

 

 

 

For Staff Member & Coop.Deptt. (w.e.f.01/01/2012)

12.00

13.00

16.00

 

For General Public  (Quarterly)   (w.e.f.01/01/2012)

15.00

16.00

19.00

21

Personal Loan

 

 

 

 

For Staff Member & Coop.Deptt. (w.e.f.01/01/2012)

12.00

13.00

16.00

 

For General Public  (Quarterly)   (w.e.f.01/01/2012)

15.00

16.00

19.00

22

Education Loan      (Quarterly)    (w.e.f.30/12/2014)

12.00

11.00

14.00

 

for Poor Farmer, Dalit SC/BC & Poor Section (H.Y)

7.25

7.25

10.25

23

Loan Against NSC/KVP (Quarterly)

 

 

 

 

For Staff 100% of the face value

     At Par

    At Par

 

 

For Public 80% of the face Value

12.00

12.00

 

24

OD to Bank Staff

10.00

10.00

13.00

25

C.C.Limit to Sugar Mills

12.00

12.00

13.00

26

Can Seed Loan to Sugar Mill Members

12.00

12.00

13.00

27

Loan to Industrial, L&C, Weaver & Other Non-Cr.Socs

13.00

13.00

14.00

28

Mini Dairy  (Upto Rs.6.00 lacs  w.e.f. 01/07/2014)

12.50

10.00

13.00

29

Mini Dairy  (Above Rs.6.00 lacs  w.e.f. 01/07/2014)

12.50

11.00

14.00

30

Commercial Dairy (Upto Rs.6.00 lacs w.e.f.01/07/14)

12.50

10.00

13.00

31

Commercial Dairy (Above Rs.6.00 lacs w.e.f.01/07/14)

12.50

11.00

14.00

32

Housing Loan to Specified Person  (w.e.f.01/01/2012)

11.00

12.00

15.00

33

Loan to Land Lord for Construction of Bank Building

13.50

13.50

16.50

34

Loan against Property              (w.e.f. 01/01/2012)

15.00

16.00

19.00

35

Loan against Earnest Money    (w.e.f. 01/01/2012)

13.00

14.00

17.00

36

Loan against rental Income

15.00

15.00

18.00

37

Purchase of One Cow              (w.e.f. 01/01/2012)

10.50

11.00

13.00

38

Loan under Bhai Lalo Scheme

9.50

9.50

10.50

39

Loan against FD/LTD/RD (Quarterly)

 above 2 %

 above 2 %

 

Revised rates of interest  shall be applicable on the present outstanding and fresh

advancement of  S.T.Agri,  M.T.Agri,  C.C.Fertilizers, C.C. Essentail  Commodities

and RCC to Farmers.  In case of other type of Loans, these revised rates shall be

applicable only on the fresh loans to be advanced  by the bank  i.e. on the present 

outstanding loans the contracted rate of interest shall continue.