| Housing Loan | 13.00%p.a. |
| Vehicle Loan | 13.00%p.a. |
| Gold Loan | 10.00%p.a. |
| Key Loan | 13.25%p.a. |
| Immovable Property Loan | 13.00%p.a. |
| Over Draft Loan | 13.00%p.a. |
| Period | Rate of Interest |
|---|---|
| 30 Days to 45 Days | 4.00% p.a. |
| 45 Days to 90 Days | 5.00% p.a. |
| 91 Days to 180 Days | 5.50% p.a. |
| 181 Days to 12 Months | 7.25% p.a. |
| 13 Months to 36 Months | 8.25% p.a. |
| 37 Months and Above | 8.75% p.a. |
Note : 0.5% extra on Senior Citizens
| NND Pigmy Deposit | 2.00 % p.a. |
| Srirama Cash Certificate | 88 Months Double ( 9.57% ) |
The salient features of the regular saving account are as under
The salient features of the regular current account are as under
SRNPS Bank offers different period bound Terms deposits to the Customers, which caters to the different requirements of the Customers. The Bank is a member of Deposit Insurance & Credit Guarantee Corporation, A subsidiary of RBI. The insurance policy which covers depositor's money is in force & its premium upto date has already been paid to the corporation. Each depositor is insured up to maximum of Rs. 500,000/-
In this Scheme of Deposit Customer can double their money in 88 months period. It is a quarterly compounded product, Customer can get maximum returns on their deposits. It is also covered under DICGC insurance scheme.
In recurring deposit account certain fixed amount is accepted every month for a specified period and the total amount is repaid with interest at the end of the particular fixed period. Minimum Period of RD is 12 months and maximum is 5 years
The customer can avail this Loan for the purpose of purchasing a Vehicle
Margin money 25% of the quotation value to be paid by the customer and the Bank will provide for the rest 75% of the quotation value.
In case of second-hand vehicle, the bank will assist up to 50% of the amount quoted in valuator's report.
The customers will have to hypothecate the vehicle; in case of a second hand vehicle, a collateral security is necessary.
Collateral security documents (Open site or building)
The customer can have his/her dream house by availing our home loans. Loans are available for The Construction of House, Purchase of a Flat/House, Repairing or Renovating old House/Flat.
In this scheme customer can avail Loan Against Warehouse Receipt / Pledge of Agricultural Produce.
Previous 3 years balance sheet and relevant papers required. * Income tax assessment copies
Salary earners can get the financial assistance for the domestic needs.
Small and Petty Business, Artisans, Professionals and Self Employed, Agriculture and Allied Activities, persons can avail this Loan. The Maximum Amount and Loan Duration is subjected to directives of the RBI
In this scheme customer can avail Over Draft Loan facility for their Business purpose. Usually the Loan is granted to the registered firms and Contractors for their Day-to-Day business requirements. Over Draft Limit will be provided based on the previous 1 year Current account Transactions of the Customer with the Bank. Loan duration will be 1 year or subjected to the Time to Time guidelines of the RBI. This facility can be renewed afresh subjected to the satisfactory transactions after the expiry.
In this scheme a Farmer can avail Over Draft Loan facility for his Agricultural expenditure purpose. This facility is granted only to the farmers to meet their Day-to-Day Agriculture related Expenditure in the form of Over Draft Limit. against the mortgage of Agriculture Land. Loan duration will be 1 year or subjected to the Time to Time guidelines of the RBI. This facility can be renewed afresh subjected to the satisfactory transactions after the expiry.
