Rate of Interest on priority sector advances

Sr. No.	Parameter	Interest rate (per annum) w.e.f. 01.08.2013
1.	Direct Agriculture (Production Credit & Investment Credit*)
1.1	Limit up to Rs 3 lacs	7.00% p.a. (Fixed) : Subject to Govt. of India providing subvention to Bank on such advances. Otherwise as mentioned below : Base Rate .
1.2	Above Rs 3 lacs and less than Rs 25 lacs	Base Rate+1.25%
1.3	Rs 25 lacs and above	Base Rate+2.00%
*Investment Credit will attract tenure premium as mentioned separately
2	Indirect Agriculture/Other Priority Sector (Other than housing Loans, Retail Lending Products & MSE)
2.1	Loans up to Rs 3 lacs	Base Rate+0.50%
2.2	Above Rs 3 lacs and less than Rs 25 lacs	Base Rate+1.50% (The pricing is delinked from credit rating. However, the credit rating is to be carried out to ascertain the risk profile of the portfolio.)
2.3	Rs 25 lacs and above.	Ranging from Base Rate+1.50% to Base Rate + 3.50% . for loans depending upon credit rating of individual borrower irrespective of the tenure as mentioned below.
2.5.1:	For Indirect Agriculture: Rs 25.00 lacs & above:
2	CR 1	Base Rate+1.50% . at present.
2.1.1	CR 2	Base Rate+1.75% . at present.
2.1.2	CR 3	Base Rate+2.00% . at present.
2.1.3	CR 4	Base Rate+2.50% . at present.
	CR 5	Base Rate+2.75% . at present.
2.1.4	CR 6, 7, 8, 9 & 10	Base Rate+3.25% . at present.
2.1.4.1	For Other Priority Sector (For advances other than Agriculture/Retail/SME Banking) : Rs 25.00 lacs & above:
2.1.4.1.1	CR 1	Base Rate+1.90%. at present.
2.1.4.1.2	CR 2	Base Rate+2.25% . at present.
2.1.4.1.3	CR 3	Base Rate+2.25% . at present.
2.1.4.1.4	CR 4	Base Rate+2.75%. at present.
2.1.4.1.5	CR 5	Base Rate+3.00% . at present.
2.1.4.1.6	CR 6, 7, 8, 9 & 10	Base Rate+3.50%. at present.
3	Advances to special category of borrowers/activities/purposes:
Sr.No.	Parameter	Interest Rates
3.1	Finance to PACS/ FSS/ LAMPS for on lending to farmers irrespective of loan limit / purpose.	7.00% p.a. (Fixed) *Subject to Govt. of India providing subvention to Banks on such advances. Otherwise, rate will be: Base Rate+0.50%
3.2	Finance to SHGs/JLGs	Upto Rs 3 lacs as applicable to Agriculture / Other Priority Sector advances as the case may be. Above Rs 3 lacs - Base Rate+1.00%
3.3	Advances for construction of Godowns designed to store agriculture produce / products	Base Rate+0.50%
3.4.1	Advances against warehouse receipts to farmers up to Rs 50.00 lacs @	Base Rate+1.00%
3.4.2	Advances against ware house receipts to other than farmers @	Base Rate+2.00%
3.5	Loans for purchase of four wheelers to farmers	Rate of interest applicable for Baroda car Loan minus 0.25% subject to minimum ROI of Base Rate
3.6	Financing construction of farm house cum dwelling unit to farmers	Rate of interest applicable for housing loan scheme of our Bank.
3.7	Advances for construction & running of cold storages designed to store agriculture produce/ products	Base Rate+2.00%
3.8	Advances for poultry units	Base Rate+1.00%
@ Concession of 0.25% is allowed for negotiable warehouse receipt. Tenure Premium to be introduced for term loans as under : Sr No Period of Term Loan Tenure Premium 1 Less than 3 years Nil 2 3 Years & above and up to 5 years 0.10% 3 Above 5 years & up to 7 years 0.15% 4 Above 7 years & up to 10 years 0.20% 5 Above 10 years 1.00% *3.1.4 & 3.1.4.2 For advances against ware house receipt: Concession of 0.25% in rate of interest is allowed for advances against negotiable warehouse receipt irrespective of the category of borrower.