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  Domestic Term Deposits
  Loans and Advances
  Interest rates on NRI deposits
 
  Domestic Term Deposits up to Rs.1.00 Crore, w.e.f 06.08.2008.
Maturity Period
Revised Interest Rates Per Annum
7 days to 30 days
4.50%
31 days to 90 days
6.00%
91 days to 270 days
8.00%
271 days to 1 year
9.50%
Above 1 year to 18 months
9.85%
Above 18 months to 2 years
9.75%
Above 2 year to 5 years
9.00%
Above Five years
8.50%
    • The above rates are applicable for fresh deposits and renewal of maturing deposits.
    • The Term Deposits of Senior Citizens of over 60 years of age shall earn 0.50 % additional rate across all maturities.
 
  High Value Deposits -Above Rs. 1 Crore to less than Rs.5 crore , wef  30.07.2008.
Maturity Period
Revised Interest Rates Per Annum (%)
15 days to 45 days

4.50%

46 days to 90 days

6.50%

91 days to 180 days

8.50%

181 days to 270 days

9.00%

271 days to 1 year

9.50%

Above 1 year up to 3 years (Maximum)

8.75%

 
 Loans and Advances W.E.F.  01.08.2008
  PRIME LENDING RATE (PLR)                14.5% W.E.F.  01.08.2008
T   1.F.  14        

Sl.
No

Sector

Interest rate w.e.f.
01.08.2008

A.

Interest rate structure for loans and advances with aggregate limits exceeding              Rs. 20.00 lacs

 

1.

a)  Compliance of 7 out of 7 parameters      (A+ Rating)

PLR + 0.50%

b) Compliance of 6 out of 7 parameters (A Rating)

PLR+1.50%

c)  Compliance of 5 out of 7 parameters      (B Rating)

PLR + 2.50%

d)  Compliance of less than 5 parameters      (C Rating)

PLR + 3.50%

B.

Interest rate structure for loans and advances with aggregate limits up to Rs.20.00 lacs and those in various sectors and under different schemes

 

1

Trade  &  Services

a) Upto  Rs.0.50 lacs

 

PLR - 1.50%

b) Above Rs.0.50 lacs &  upto Rs 2.00 lacs

PLR – 0.50%

c) Above Rs 2.00 lacs to Rs 25.00 lacs

xxx

d) Above Rs.2.00 lacs to Rs.5.00 lacs

PLR

e) Above Rs.5.00 lacs & upto Rs.20.00 lacs

PLR+0.50%

2

Transport Operators having credit limits upto Rs.2.00 lacs)

 

 

a) Up to Rs.0.50 lacs

xxx

 

b) Above Rs.0.50 lacs & up to Rs.2.00 lacs

xxx

3.

Transport Operators having credit limits  above Rs.2.00 lacs)

 

a) Operators owing upto two vehicles

xxx

b) Operators owing more than 2 vehicles

xxx

c) Operators owing more than 10vehicles.

xxx

4

Passenger Buses for Schools/Educational
  Institutions with loan repayment

 

a)  Upto 7 years

14.00%

b)  Above  7 years.

14.50 %

5.

2nd hand commercial vehicles with

 

a)  Repayment upto 4 years

16.00%

b)  Repayment exceeding 4 years.

16.50%

6.

Agriculture/Horticulture

 

a)  Upto Rs.0.50 lacs

PLR-2%

b)  Above Rs.0.50 lacs upto Rs.2.00 lacs

PLR-1%

c)  Above Rs.2.00 lacs upto Rs.5.00 lacs

PLR-0.50%

d) )  Above Rs.5.00 lacs up to Rs.20.00 lacs

PLR

7.

Agri Term Loans

 

a)  Upto Rs.0.50 lacs

13.00%

b)  Above Rs.0.50 lacs

14.00%

8.

Advances under Apple scheme

 

a) Upto Rs.0.50 lacs

PLR-2%

b) Above Rs.0.50lacs & upto Rs.2.00 lacs

PLR-1%

c) Above Rs.2.00 lacs& up to Rs.5.00 lacs

PLR-0.50%

d) Above Rs.5.00 lacs& uptoRs.20.00lacs

PLR

9

Advances under Giri Scheme

 

 

a) Upto Rs.25.00 lacs

xxx

b)Above Rs.25.00 lacs

xxx

c) Upto Rs.2.00 lacs

PLR

d) Above Rs.2.00lacs & upto Rs.20.00 lacs

PLR+1%

e) Above Rs.20.00 lacs

PLR+1.50%

10

Advances under Zafran Scheme

 

a) Upto Rs.10.00 lacs

xxx

b) Upto Rs.2.00 lacs

11.50%

c) Above Rs.2.00 lacs & upto Rs.10.00lacs

12.50%

11.

Special Scheme (Mortgage Loan) for Fruit/Commission Agents:

 

a) Upto Rs.25.00 lacs

xxx

b) Above Rs.25.00 lacs

xxx

c)Upto Rs.2.00 lacs

PLR

 d) Above Rs.2.00 lacs & upto Rs.20.00lacs

PLR+1%

e)  Above Rs.20.00 lacs

PLR+2%

12

Small Scale Industries (SSI)

 

 

a) Upto Rs.0.50 lacs

PLR-2%

 

b) Above Rs.0.50lacs & upto Rs.2.00 lacs

PLR-1.50%

 

c) Above Rs.2.00 lacs & up to Rs.5.00 lacs

PLR-0.50%

 

d) Above Rs.5.00 lacs& uptoRs.20.00lacs

PLR

13

Loans under Craft Development Scheme

 

a) Upto Rs.0.25 lacs

PLR-2%

b) Above Rs.0.25 lacs & upto Rs.0.50 lacs

PLR-1%

c) Above Rs.0.50 lacs & upto Rs.1.00 lacs

PLR-0.50%

14

Loans to individuals against shares/debentures

PLR +2.50%

15.

Loans against Govt. securities/ NSCs/KVPs/IVPs/ LIC Policies

PLR

16.

Education loans (under Budshah Primary Education Scheme)
a)  Loans up to Rs.0.30 lacs

 

 

 14.50%

 

17.

Education Loans (Higher Education)

 

 

a) Upto Rs 25000/=

10.50%

 

b) Above Rs.0.25 lacs & upto Rs.5.00 lacs

11.50%

 

c) Above Rs.5.00 lacs

xxx

 

d) Above Rs.5.00 lacs & upto Rs10.00lacs

12.50%

 

e)Above Rs.10.00lacs& upto Rs.20.00lacs

14.50%

18.

Advances to landlords for construction of premises for bank’s use

 

a)   Upto Rs 2.00 lacs

14.50%

b)   Above Rs 2.00 lacs

15.50%

19.

Loans under J&K Bank Commercial Premises Finance Scheme

 

a)  Upto Rs.10.00 Lacs

xxx

b)Above Rs.10.00 lacs& uptoRs.30.00lacs

xxx

c) Above Rs.30.00 lacs

xxx

d) Upto Rs.2.00 lacs

PLR

e) Above Rs.2.00 lacs & upto Rs.10.00 lacs

PLR+1%

f) Above Rs.10.00lacs & upto Rs.30.00lacs

PLR+1.50%

g) Above Rs.30.00 lacs

PLR+2%

20.

Loans under Roshni Scheme

 

a) Upto Rs.20.00 lacs for residential      purpose

13.50%

b) Above Rs.20.00 lacs for residential   purpose

14.50%

c)  Loans for commercial purpose

16.00%

21

Mortgage loans against immovable property

 

a) Upto Rs.2.00 lacs

14.50%

b) Above Rs.2.00 lacs & uptoRs.20.00 lacs

16.00%

c)  Above Rs.20.00 lacs

16.50%

22.

Mortgage backed facilities for Trade & Services Sector

 

a) For all limits.

xxx

b) Upto Rs.2.00 lacs

PLR

b) Above Rs.2.00 lacs & upto Rs.20.00 lacs

PLR+0.50%

c) Above Rs.20.00 lacs

PLR+1%

23.

Car Loans

 

a) For All Limits

xxx

b) Upto Rs.4.00 lacs

xxx

c)  Above Rs.4.00 Lacs

xxx

24

2nd hand cars with repayment

 

Upto 4  years

15.25%

Above 4  years.

16.00%

25.

 Other Consumer Loans

16.00%

26.

Consumption Loans

 

a) Salaried employees of State / Central Government and other permitted Categories

 

16.00%

b) Professionals and businessmen

17.00%

27.

Clean Overdrafts/TOD

PLR+4%

28.

Bills Discounted under LCs

 

a)  Bills with usance period of 90 days.

11.25%

b) Bill with usance period  between  91 days and  upto 180 days.

12.00%

29.

Loans under Differential Rate of Interest Scheme( DRI)

  4 %

30

Loans under JK Bank Fair Shop Scheme

PLR

31.

Adhoc facilities (over & above the sanctioned Limit)

Upto a period of 90 days 3% above the rate applicable on regular facility or PLR+3% whichever is higher.
ii) Above 90 days- TOD rate

32.

Advances (SOD/D/L) Against Bank’s Own Deposits
a) When the advance is granted against term deposits and the deposit stands in the name of the borrower singly or jointly Or one of the partners of the partnership concern and the advance is granted to the said concern Or the  proprietor of the proprietary concern and the advance is granted to the said concern Or a  ward whose guardian is competent to borrow on behalf of the ward and where the advance is made to the guardian of the ward in such capacity.

b) Advances (SOD/D/L)Against Bank’s Own Deposits in the name of third party/ies

1% over the deposit rate with monthly rests.

 

    

 

 

 

 

 

 

2% over the deposit rate with monthly rests

33.

Loans to Staff members

As per the  rate prescribed under various schemes

34.

Housing loans

Interest rate structure as per details given below .

Repayment Period

Floating Rate of Interest

Fixed Rate of Interest

Interest rate with effect from 01.08.2008

Up to Rs.20.00 lacs

Above Rs.20.00 lacs

Up to Rs.20.00

Above Rs.20.00 lacs

Repayment upto 5 years.

   11.25%

  13.25%

  12.00%

14.25%

Above 5 years to 10 years

   11.75%

  14.00%

  13.00%

15.00%

Above 10 years to 15 years

 12.75%

  14.25%

    XXX

    XXX

Above 15 years to 20 years

13.00%

14.75%

    XXX

   XXX

35.

Car Financing (Fresh)

Interest rate structure as per details given below .

Repayment Period

 

Interest rate with effect from 01.08.2008

Fixed

Floating

Repayment upto 3 years.

12.00%

PLR-3%

Above 3years to 5 years

12.75%

PLR-2.25%

Above 5 years to 7years

13.00%

PLR-2%

36.

Commercial Vehicles

Interest rate structure as per details given below .

Interest rate with effect from 01.08.2008

Repayment Upto 3 years

Repayment from 3 years to 6 years

Vehicles Loans under:
 A. Priority sector .

  • Micro (Service) Enterprises.
  • Small (Service) Enterprises
    • upto and inclusive of Rs.10.00 lacs.

b) Above Rs.10.00 lacs.

B. Non Priority Sector:

 

PLR-1.50%

PLR-1.50%

PLR-1%

 

PLR+1%

 

PLR-1%

PLR-1%

PLR-0.50%

 

PLR+1.50%

 

37.

Two Wheeler Finance Scheme

Interest rate structure as per details given below.

Repayment Period

 

Interest rate with effect from 01.08.2008

Fixed

Floating

Repayment upto and included one year.

13.50%

PLR

Above 1 year to 3 years

14.50%

PLR+1%

Above 3 years

15.00%

PLR+1.25%

 

 

 

 

 
  Interest rates on NRI deposits
  Revised rates new rates applicable for the month of January 2009 will be as under:

a) NRE-Rupee Deposits:

Period Interest rate % per annum
1 year < 2 years

3.75

2 years < 3 years
3.19
3 years

3.47

   

b) NRO-Rupee Deposits:

Period Interest rate % per annum
7 days to 30 days

4.50

31 days to 90 days 6.00
91 days to 270 days 8.00
271 days to 1 year 9.50
Above 1 year to 18 months 9.85
Above 18 months to 2 years 9.75
Above 2 years to 5 years 9.00
Above 5 years  8.50
    • Interest rates on NRE/NRO savings bank deposits shall remain unchanged at 3.5% per annum.
 

c) FCNR(B) Deposits:

Period

1 years <2 years 2 years < 3 years 3 years <4 years 4 years < 5 years 5 years only
USD 3.00375 2.444 2.72 2.93 3.08
GBP 4.07 3.62 3.86 4.04 4.16
EUR 4.06 3.69 3.94 4.14 4.24
JPD* 2.09 1.73 1.78 - -
CAD* 3.47 2.08 2.32 - -
AUD* 5.65 4.54 4.91 - -
( * Deposits only for three years)
 

c) RFC  Deposits:

Period

1 Month < 6 Month 6 Month < 1 Year 1 Year < 2 Year 2 Year < 3 Year

3 Years

USD 0.23 0.75 3.00375 2.444 2.72
GBP 1.166 1.96 4.07 3.62 3.86
EUR 1.588 1.977 4.06 3.69 3.94
JPD* 0.59 0.85 2.09 1.73 1.78
 
The revised interest rates shall be applicable on fresh deposits and renewal of maturing deposits.In case NRE Deposits are accepted for maturity beyond three years, with the consent of ALM Department, the rate of interest for maturity period of three years shall apply to such deposits also.
 
 For further details and clarifications please come in touch with any of our foreign exchange branches or following contact persons:

P.K.Tickoo
Tel. +91-194-2481943
Fax.+91-194-2482663
e.mail: pktickoo@jkbmail.com

Suhail Lone
Tel. +91-194-2481943
Fax.+91-194-2482663
email:suhail.lone@jkbmail.com

 
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