Andhra Pragathi Grameena Bank
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INTEREST RATES ON ADVANCES wef. 20.01.2017

ANDHRA PRAGATHI GRAMEENA BANK

HEAD OFFICE :: KADAPA

CREDIT DEPARTMENT

 

INTEREST RATES ON  ADVANCES wef. 20.01.2017

 

Purpose

 

INTEREST RATE (% p.a.)

 

 

1.  FARM SECTOR


 

I. Short Term Loans

   

 1. Crop/Pragathi KCC/Rythu Mitra Groups/Joint Liability Groups/ JL (Agriculture) 

 i. During Interest Subvention Period

   

      a) Upto & inclusive of Rs. 3.00 lakhs

7.00

 

      b) Above Rs. 3.00 lakhs

13.50

 

ii. Beyond Interest Subvention Period

   

a)    Upto & inclusive of Rs.25,000/-

12.50

 

b)    Above Rs.25,000/- & upto & inclusive of Rs.1,00,000/-

 

c)    Above Rs.1.00 lakh & upto & inclusive of Rs.3.00 lakh

13.50

 

d)    Above Rs.3.00 lakhs

 

 2. Produce Loans

   

     a) Upto  Rs.3 lakhs against NWRs to SF/MF

07.00

 

     b) Upto & inclusive of Rs. 2.00 lakhs

10.50

 

     c) Above Rs.2.00 lakhs

11.00

 

II. Agricultural Term Loans

   

1) Agriculture Term Loans & Allied Activities

 

    a) Upto & inclusive of Rs.50,000/-

12.00

 

    b) Above Rs.50,000/-

13.00

 

The above rates under Agriculture Term & Allied Loans are applicable to all Agriculture Term & Allied Loans other than those specifically mentioned.

 

2. Rescheduled Loans

a) Agricultural loans

As applicable to

Ag. Term loans

 

b) Other loans

As applicable to

respective original loans

 

3.Pragathi  Kisan Swarna Scheme (against Security of Gold)

9.00

 

4.  Kisan Vahan (2/3/4 wheelers) (w.e.f. 15.02.2016)

   

1.  Upto & inclusive of Rs.50,000/-

12.00

 

1.  Above Rs.50,000/- & upto Rs.3.00 lakhs (3/4 Wheelers)

11.50

 

1.  Above Rs.3.00 lakhs (3/4 Wheelers)

12.00

 

1.  INDIRECT FINANCE TO AGRICULTURE

   

a)    Finance to APFSCS

i)              ST/MT/LT

10.50

 

ii)             ODC/ODJ/ODH

13.00

 

b)    Loans/Working Capital limits to Dealers of inputs to Agriculture (fertilizers, pesticides, seeds, minor and micro irrigation equipment, etc)

As applicable to Non Farm Sector/MSE advances

 

1.  NON FARM SECTOR

2.  Retail Trade, Small Business, Small Scale Industries, SME Sector, Road Transport Operators(SRTO – ¾ wheelers, GCC etc. (Working Capital & Term Loans)

 

For Loans covered under CGTMSE

 

a)    Upto & inclusive of Rs.1,00,000/-

12.00

 

b)    Above Rs.1.00 lakh & upto & inclusive of Rs.2.00 lakhs

13.50

 

c)    Above Rs.2.00 lakhs

 

For Loans not covered under CGTMSE

   

a)    Upto & inclusive of Rs.1,00,000/-

12.50

 

b)    Above Rs.1.00 lakh & upto & inclusive of Rs.2.00 lakhs

13.00

 

c)    Above Rs.2.00 lakhs

 

1.  Pragathi Bank Mitra (Business Correspondents)

7.00

 

1.  PMJDY OD

12.00

 

1.   SRTO

   

a)      Upto & inclusive of Rs.1,00,000/-

12.00

 

b)      Above Rs.1,00,000/-

 

The above rates under Non Farm Sector/MSE are applicable to both Priority and Non Priority Sector advances other than those specifically mentioned in this circular.

 

1.  OTHER PRIORITY SECTOR LOANS

   

1.  Self Help Group Loans [SHGs]

14.00

 

1.  Education Loans

   

a)    Upto & inclusive of Rs.4.00 lakhs

13.00

 

b)    Above Rs.4.00 lakhs

14.00

 

1.  Public Housing loans to public (including under Gruhini, Rajiv Gruha kalpa, Pragathi Farm House and Individual Housing Loans under Indiramma Scheme) both Priority & Non Priority Sectors

 

a)    Up to Rs.10 Lakh

8.95

 

b)    Above Rs.10.00 Lakh & Upto Rs.25.00 Lakh

8.95

 

c)    Above Rs. 25.00 Lakh

8.95

 

d)    CRGFTLIH

As applicable to PHL+0.05

 

1.  Pragathi Doctors’ Plus

11.00

 

1.  Pragathi Solar Home Lighting/Heating System

i)              Normal Scheme

12.00

 

ii)             Under JNNSM

xxx

 

1.  Pragathi Swarojgar Credit Card Scheme

12.50

 

1.  SGSY/Rajiv Yuvasakthi/Other Govt. Sponsored Schemes

As applicable to purpose of loan & Quantum

 

 

1.  Loans under DRI

4.00

 

 

 

1.  NON PRIORITY SECTOR LOANS

   

1.  Pragathi Conveyance Scheme:

i)              Two Wheelers (upto Rs.1.00 Lakh)

 

13.00

 

ii)             Four Wheelers   (a) upto Rs.3.00 Lakh

                           (b) Above Rs.3.00 Lakh     

9.80

 

1.  Loans/OD against approved securities like NSCs LIC policies

12.00

 

1.  Personal Banking Loans to employees

   

a)    Employees drawing their salaries through our Bank

14.00

 

b)    Employees drawing their salaries through other banks

15.00

 

1.  Branch Premises loans

12.00

 

5.  Gold Loans (non agrl)

xxx

xxx

1.  Pragathi General Gold Loan

10.50

13.00

1.  Pragathi Bullet Gold Loan

13.00

13.00

1.  Pragathi Swarna Credit Card

13.00

13.00

1.  BGs paid (incl. OD interest)

16.00

 

1.  Commercial complexes/School or College buildings etc.,

13.00

 

1.  Multi Purpose Mortgage Loans

12.50

 

1.  Pragathi Rent Plus

14.00

 

10.  CDD – Discount to be collected by way of interest (both priority & non priority)

 

a)    for a minimum period of 10 days @

16.00

 

b)    from 11th day (quarterly compounded) @

16.00

 

11.  Debit Balances in SB/Current A/Cs

16.00

 

12.  Loans on Deposits/ODDs

   

a)    Against Nitya Nidhi Deposits

11.00

 

b)    Against other term deposits

(i) Upto Rs. 5.00 Lakh

2% above the deposit rate without any ceiling

 

(ii)Above Rs. 5.00 Lakh

1% above the deposit rate without any ceiling

 

c)     Against term deposits prematurely withdrawn within 15 days

15.00

 

 

OVERDUE/PENAL RATES OF INTEREST

A. Overdue interest rate over the applicable normal rate

 

      i) DRI Advances

Nil

     ii) Aggregate Credit Limits not exceeding Rs.5000/- in the

case of Non Priority Sector advances and Rs.25000/- in the case of Priority Sector advances

Nil

      iii)Aggregate Credit Limits exceeding Rs.5000/- in the case of Non Priority Sector advances and Rs.25000/- in the case of Priority Sector advances

2.00

         B  B.  Penal  interest over the applicable normal rate

 

             i) For non-submission /delayed submission of monthly stock statements to be charged for delayed period

1.00

ii) For diversion of funds

2.00

 iii) For non-submission of renewal proposal/ additional   information/ requirements on the renewal proposal for the delayed period

                 a) up to 3 months from the date of expiry of credit limit till the date of receipt of renewal proposal

2.00

                b) beyond 3 months from the date of expiry of credit limit till the date of receipt of renewal proposal

2.00

                c) beyond 30 days from the date of calling for additional information/ requirements on the renewal proposal

2.00

              C. Loans pre-closed by taking over by other banks/ institutions (on loan balance  as on date of closure)

2.00

D. The total Overdue interest / penal interest to be charged on account of any of the above reasons should not exceed

2.00