Interest Rates



Interest Rates on Loans and Advances
A. Repo Linked Lending Rate (RLLR) based w.e.f. 13.06.2024 Annexure A
RLLR=Repo rate -6.50% +COM-1.15%+Risk Cost-0.51=8.16% (RLLR=8.16% CRP= as decided in ALCO)
PRIORITY SECTOR LOANS
Sr No. Type of Loan G.L. CODE Sector Sub Sector ROI Calculation
ROI Individual/ others ROI Organizations
1 Hpscb House Building Advance Loan Scheme (Existing Loan cases) 2007435 PS-upto 25 lakh NPS- above 25 lakh OPS RLLR+CRP (8.16% +1.09%) 9.25% (Existing cases) CIBIL based for new customers.
2 House Loan- Ind (Hpscb- Apna Ghar Rin Yojna) 200743 OPS- upto 25 lakh NPS- above 25 lakh RLLR+CRP (8.16% +1.09%) 9.25% -
3 Hpscb Special Home Loan Scheme (closed on 31.03.2020) 2007431 -
4 Apna Ghar Rin Yojna 2020 2007433 -
5 Emergent Credit Line Smart Phone & Electronic Gadgets 200907 PS OPS RLLR+CRP (8.16% +1.34%) 9.00% -
6 Hpscb Easy Loans To Students Scheme 2009807 PS OPS RLLR+CRP (8.16% +0.84%) 9.50% -
7 JP Assoc. Truck and New Him Region Specific Loan 200716 PS MSME RLLR+CRP (8.16% +1.34%) 9.00% -
8 Hotel/Motel/Tiny Tourism 200722 PS MSME RLLR+2.34% for individual & 1.84% for org. 10.50% 10.00%
9 Education Loan 200731 PS OPS RLLR+CRP (8.16% +1.84%) 10.00%
10 Self Employment Loan /EDA 200753 PS As per activity; MSME/Social Infra/School/Hospital/Other RLLR+CRP (8.16% +2.84%) 11.00% 10.50%
11 Him Swarojgar Credit Card Term Loan 200763 PS As per activity; MSME RLLR+CRP (8.16% +2.84%) 11.00% -
12 CC Limit Ind.(Pledge/Hypo.Etc) 200822 PS MSME (exception: Board/Corp under NPS) RLLR+3.34/3.09/2.84/2.34 for individual & 2.84/2.34 for org. 11.50% upto 5 lakh; 11.25% above 5 lakh 11% upto 5 lakh; 10.50% above 5 lakh
13 Swarojgar Credit Card Scheme 200903 PS MSME RLLR+CRP (8.16% +2.84%) 11.00%
14 Working Capital Loan For Stage Carriage Bus Operator 200911 PS MSME RLLR+CRP (8.16% +2.34%) 11.00%
15 Hpscb Loan for Empowerment of Women Entrepreneurs 2009803 PS MSME RLLR+CRP (8.16% +1.84%) 10.25% -
16 PM Vishwakarma Loan scheme 200912 PS MSME RLLR+2.09%/2.34%/2.59%/2.84% 13.00%
17 Hpscb Working Capital Loan for Hospitality Industries 2009806 PS MSME RLLR+CRP (8.16% +1.84%) 10.00% -
18 Hpscb Easy Loans to PACS as DMA PS MSME RLLR+CRP (8.16% +0.72%) 8.88%
19 LPG Loan Scheme PS OPS RLLR+CRP (8.16% +3.34%) 11.50%
20 Hort. Tourism PS MSME RLLR+CRP (8.16% +2.84% for individual & 2.34 % for org.) 11.00% 10.50%
NON PRIORITY SECTOR LOANS
21 Vehicle Loan-Individual (including Two Wheeler) 200712 Non Priority Sector RLLR+CRP (8.16% +0.79% for existing/1.84% for old vehicle) CIBIL based for new vehicle, 8.95% for existing customers (Old vehicle 10%)
22 Vehicle Loan Emp Govt/Board (including Two Wheeler) 200713 Non Priority Sector RLLR+CRP (8.16% +0.79%/1.84% for individual & -0.17%/1.84% for org.) CIBIL based for new vehicle, 8.95% for existing customers (Old vehicle 10%) 7.99% (Old vehicle 10%)
23 E vehicle- Private (including Two Wheeler) 2009910 Non Priority Sector RLLR+CRP (8.16% +0.79%) CIBIL based for new vehicle (Ind/others) 8.95% for existing customers
24 E-Vehicle commercial 200713 NPS RLLR+CRP (8.16% +0.79% for individual/-0.17% for org.) CIBIL based for new vehicle, 8.95% for existing customers 7.99%
25 Vehicle Loan-SRTO/commercial vehicle 200714 Non Priority Sector RLLR+CRP (8.16% +0.79% for individual/-0.17% for org.) CIBIL based for new vehicle, 8.95% for existing customers 7.99%
26 Hpscb Vahan Rin Yojna-Festival Offer (scheme closed) 200718 Non Priority Sector RLLR+CRP (8.16% +0.79%) 8.95% -
27 Loan Against Pension 200756 Non Priority Sector RLLR+CRP (8.16% +2.34%) 10.50% (for Bank's retired staff simple rate @1% less than others) -
28 Loan Against Rent 200757 Non Priority Sector RLLR+CRP (8.16% +2.84%) 11.00% 11.00%
29 Gold Loan Scheme 200985 Non Priority Sector RLLR+CRP (8.16% +0.24%) 8.40% -
30 Hpscb Loan Against Property 200986 Non Priority Sector RLLR+CRP (8.16% +4.34% for individual & 3.84 for org.) 12.50% 12.00%
31 Personal /CD Loan-Ind 2009801 Non Priority Sector RLLR+CRP (8.16% +3.84/4.09%) Govt Empl: 12.00%; Other Indi: 12.25% -
32 Personal /CD Loan-Ind (category Him Region Specific Loan) 2009801 Non Priority Sector RLLR+CRP (8.16% +3.34%) 11.50%
33 Hpscb Top Up Personal Loan Scheme 2009804 Non Priority Sector 1% higher than Apna Ghar Rin Yojana Scheme -
34 Consumption Loan for House Furnishing 2006501 Non Priority Sector 1% higher than linked House Loan account -
35 Hpscb Loan Against Salary 2009802 Non Priority Sector RLLR+CRP (8.16% +3.59%) 11.75% -
36 HPSCB Sashakt Mahila Rin Yojana 2006500 Non Priority Sector RLLR+CRP (8.16% +0.35%) 8.51%
37 LAS For Workers On Fixed Emoluments 2009808 Non Priority Sector RLLR+CRP (8.16% +1.34%) 9.50%
Interest Rates on Loans and Advances
B. Repo Linked lending Rate (RLLR) +CIBIL based w.e.f. 13.06.2024
RLLR=Repo rate -6.50% +COM-1.15%+Risk Cost-0.51=8.16% RLLR=8.16% CRP= as decided in ALCO
this is blank row in brown color
HOUSE LOAN FOR NEW CUSTOMERS ONLY
Sr No. Type of Loan G.L. CODE Sector CIBIL ROI Calculation ROI Individual/others
38 Hpscb House Building Advance Loan Scheme 2007435 PS-upto 25 lakh NPS- above 25 lakh >800 RLLR+CRP = 8.95% i.e., (8.16% +0.79%) 8.95%
750-799 RLLR+CRP = 9.25% i.e., (8.16% +1.09%) 9.25%
700-749 RLLR+CRP = 9.50% i.e., (8.16% +1.34%) 9.50%
650-699 RLLR+CRP = 9.75% i.e., (8.16% +1.59%) 9.75%
600-649 RLLR+CRP = 10.00% i.e., (8.16% +1.84%) 10.00%
*NTC/No CIBIL Score/-1 RLLR+CRP = 9.50% i.e., (8.16% +1.34%) 9.50%
VEHICLE LOAN FOR NEW CUSTOMERS ONLY
39 Vehicle Loan-Individual (including Two Wheeler) 200712 NPS >800 RLLR+CRP = 8.75% i.e., (8.16% +0.59%) 8.75%
40 Veh Loan Emp Govt/Board. (including Two Wheeler) 200713 750-799 RLLR+CRP = 9.00% i.e., (8.16% +0.84%) 9.00%
41 E vehicle- Private (including Two Wheeler) 2009910 700-749 RLLR+CRP = 9.15% i.e., (8.16% +0.99%) 9.15%
42 E-vehicle Commercial 2009911 PS (MSME) 650-699 RLLR+CRP = 9.50% i.e., (8.16% +1.34%) 9.50%
43 Vehicle Loan-SRTO/commercial vehicle 200714 600-649 RLLR+CRP = 9.75% i.e., (8.16% +1.59%) 9.75%
*NTC/No CIBIL Score/-1 RLLR+CRP = 9.15% i.e., (8.16% +0.99%) 9.15%
* NTC-New to credit/No credit history
Interest Rates on Loans and Advances
C. (other than RLLR & CIBIL based) w.e.f. 13.06.2024
PRIORITY SECTOR LOANS
Sr No. Type of Loan G.L. CODE Sector CIBIL ROI Calculation ROI Individual/others
44 Farm Plus ( Previously MTA) 2006217 PS Agri 9.50% 9.00%
i) Watershed & Wadi Scheme PS Agri 5.50% -
ii) Power Tiller Loan PS Agri 9.50% 9.00%
iii) Poly House Loan Scheme PS Agri 9.50% 9.00%
iv) Sheep Rearing And Rumminants Scheme PS MSME 10.50% 10.00%
v) AIF 2006221 PS MSME 10.50% 10.00%
vi) ACABC 20062181 PS Agri 9.50%
vii) FPO 2006219 (Term) 200828 (CC) PS Agri - 9.00%
viii) AMI 200652 PS Agri 9.50% 9.00%
45 Emergent Credit Line (Term Loan) Covid19 200906 PS/NPS As per activity: MSME/Other 10.00% 10.00%
46 Emergent Credit KCC Covid 19 200904 PS Agri 10% Simple interest -
47 Emergent Credit Line (CC Ind.) Covid-19 200905 PS MSME 10.00% -
48 Kisan Credit Card 200612 PS Agri 7% Upto 3 Lakh & 11% Above 3 Lakh 5.5% Upto 3 Lakh & 9% Above 3 Lakh
49 KCC to Animal Husbandry Farmers & Fisheries 200616
50 Kisan Credit Card Societies 200614 PS Agri - 5.5% Upto 3 Lakh & 9% Above 3 Lakh
51 Short Term Agriculture 200611 PS Agri 9.50% 9.00%
52 Farm Plus ( Previously MTA) 2006217 PS Agri 7% Upto 3 Lakh & 10% Above 3 Lakh 5.5% Upto 3 Lakh & 9% Above 3 Lakh
53 Loan scheme for purchase & Development of land and agricultural purposes 2009913 PS Agri Up to 5 lacs-10% Above 5 lacs-11%
54 Loan scheme for developing High Density Apple Plantation 200653 PS Agri 10.00%
55 KCCB 200621 PS/NPS: As per NABARD sanction AGRI/ NPS - 0.25%
56 JCCB 200622
57 ICDP Sirmour 200624 PS Agri - As per sanction letter
58 ICDP Shimla 200626
59 ICDP Mandi-II 200627
60 WBP/I.C.D.P. Loans 200651 PS Agri/ MSME/OPS as per activity As per sanction letter -
61 Account For Food Corporation Of India 200658 PS OPS - As per sanction letter
62 Acc. for Food Credit to Govt Of Punjab New 200615 PS OPS
63 Acc. for Food Credit to other State Govt 200662 PS OPS
64 Solar Power Generation Scheme PS/NPS Upto30 Crore - Renewable Energy, 30 to 50 CR- MSME, above 50cr -NPS 10.50% 10.50%
65 Medium Term Conversion 200633 PS Agri 11.00% 11.00%
66 Irrigation Loan Scheme 200642 PS Agri 9.50% 9.00%
67 SEMFAX(Farm) 200643
68 PME GP/K&VIB /K&VIC Loan 200644 PS MSME 11.00% -
69 SGSY/SJSRY Loan 200645 PS MSME 12.00% -
70 Hpscb Mukhya Mantri Yuva Aajivika Yojana 200646 PS AGRI/MSME as per activity 11.00% -
71 Hpscb Mukhya Mantri Swavlamban Yojana 200647
72 Hpscb Mukhya Mantri Swavlamban Yojana2019 200648
73 Rajiv Gandhi Swarojgar Yojana (RGSY) CC-200830 TL-200764 PS AGRI/MSME as per activity 12.00% 11.00%
74 Rajiv Gandhi Swarozgaar Start-up Yojana (RGSSY) E-vehicle2009911 CC-200830 TL-200764 PS AGRI/MSME as per activity AGRI/MSME as per activity
75 Him Dugdh Ganga /DEDS 200717 PS Agri 10.50% 10.00%
76 Venture Capital Fund Loan Scheme 200717 PS AGRI 9.50% 9.00%
77 Rural Godown Loan 200744 PS AGRI 9.50% 9.00%
78 Tractor Loan 200754 PS AGRI 9.50% 9.00%
79 SHGs (Self Help Groups) 200761 PS As per activity: Agri/ MSME/OPS 110.00% -
80 CC WSHG 200613 PS MSME 10.00% -
81 National Rural Livelihood Misson 200760 PS As per activity: Agri/ MSME/OPS • Upto Rs.3 lakh : 7% • Rs.3 lakh to Rs.5 lakh: 8.44% • Above Rs.5 lakh: 10% -
82 CC National Rural Livelihood Misson 200874
83 CC Empowerment Of Women Entrepreneurs 200827 PS As per activity: MSME/AGRI 10.25% -
84 CC DAY-NULM 200829 PS MSME 10.00% -
85 DAY-NULM TL 200989
86 SC/ST & WDC Corp Loan 200841 PS OPS 11.00% -
87 Women Dev. Corp. (Tie up cases) 200841 PS OPS 11.00% -
88 Joint Liabilities Group 200762 PS OPS 10.00% -
89 Weavers- Short Term 200782 PS MSME 10.50% 10.00%
90 CC Limit Soc(PDS/Fert/Plg/Hyp) 200821 PS OPS - 10% upto 1 crore & 9.75% above 1 crore
91 C C Fertilizer 200823 PS MSME
92 CC Marketing 200824 PS AGRI - 10% upto 1 crore & 9.75% above 1 crore
93 Marketing Of Crops 200772 PS AGRI
94 CC Hpscb Mudra Loan Scheme 200826 PS MSME 12.00% -
95 Street Vendors Atam Nirbhar Nidhi Loan 200908 PS MSME 11.00%
96 Medium Term Loan SSI/Industry 200931 PS msme 11.00% -
97 Hpscb Mudra Loan Scheme 200987 PS MSME 12.00% -
98 PACS As MSC Scheme 200988 PS AGRI / MSME - 4.00%
99 Hydro Power Projects 277777 PS Upto 30 Crore - Renewable Energy/ 30 to 50 CR- MSME/ above 50cr -NPS 9.50% 9.50%
100 Hpscb Purchase of Small Pickup or Mini Truck Loan 2006220 PS AGRI a. One employee gurantor with DDO undertaking /salary a/c holder-7.75% b. Having 25-50% liquid security+ one gurantor- 8.00% c. 100% liquid security- 7.50% -
101 Hpscb Pradhan Mantri Awas Yojana - Housing Urban 2007432 PS OPS 10.00% -
102 Hpstcb Construction/Setting of Cold Storage and Warehousing Loan 2007434 PS AGRI 9% Simple 9% Simple
103 PM Formalization of Micro Food Processing Enterprise (PMFME) 2009908 PS AGRI 10.00% 10.00%
104 SEMFEX (Non Farm) 2009908 PS MSME 11.50%
105 Long Term Loan to Govt of Punjab 2009905 PS OPS As per Investment Section
NON PRIORITY SECTOR LOANS
106 Board & Corp. Term Loan 20088 NPS As per H.O. sanction
107 Board & Corp. CC Limit NPS As per H.O. sanction
108 Medium Term Soc. Non Agri 200981 NPS 11.00%
109 Medium Term Loan Ind. 200982 NPS
110 Loan Under HP Public Money Act 20067 NPS as per parent account scheme -
111 Loan Under Arbitration 200661 As per parent account scheme
112 Loan Under Liquidation 200663
113 Loan Under Execution 200665
114 Arbitration A/C 2006661
115 Execuation A/C 2006663
116 Liquidation A/C 2006665
117 Public Money Act 2006666
118 Term Loan (LIC/NSC/KVP) 200875 PS/NPS Agri/MSME/ NPS As Per Category 3% over & above ROI of security -
119 CC Limit (LIC/NSC/KVP) 200876
120 House Loan - Staff 2009901 NPS 7.50% Simple Interest -
121 Personal Loan-Staff 2009902
122 Vehicle Loan-Staff 2009903
123 Warm Cloth Staff 2009904 NPS - -
124 CC Clean /Swarn Jay.CC Limit Staff 200902 NPS 7.00% -
125 HPSCB Future Fund Borrowing Plan 2009909 NPS 8.15% as decided by EPFO from time to time
126 Loan against Bank's Own Deposits (LABOD) {Term Loan/CC Limit} CC-200866 TL-200865 PS/NPS Agri/MSME/NPS As Per Category -
CC Limit(200866) Term Loan (200865)
(i) Individual 1.00 % higher than the interest allowed on security 0.75 % higher than the interest allowed on security
(ii) Board, Corporations, Institutions, Organisation*(Up to Rs. 5.00 Crore) 0.75 % higher than the interest allowed on security 0.75 % higher than the interest allowed on security
Board, Corporations, Institutions, Organisation* (Above Rs.5.00 Crore) 0.50 % higher than the interest allowed on security 0.50 % higher than the interest allowed on security
(iii) Staff (On roll & retired) 0.25% higher than the interest allowed on security
Organizations i.e. PACS, Cooperative Societies, Other Societies, Boards, Corporations, Unions , Federations, Govt./Semi Govt. Undertakings, others etc.

Sr.No. Type of Deposit & Periodicity Rate of interest (%age per annum)
  Term Deposit General PACS Senior Citizen
1 7 days to 14 days 5.5 6 6
2 15 days to 29 days 5.5 6 6
3 30 days to 45 days 5.5 6 6
4 46 days to 90 days 5.5 6 6
5 91 days to 179 days 5.75 6.25 6.25
6 180 days to 270 days 6.25 6.75 6.75
7 271 days to < than 1 year 6.25 6.75 6.75
8 1 year 7.1 7.6 7.85
9 (only to individuals under Sarvpriya deposit Scheme) 7.4 - 7.9
10 Above 1 year to < than 2 years 7 7.5 7.5
11 2 years to  < than 3 years 6 6.5 6.5
12 3 years to  < than 5 years 6.1 6.6 6.6
13 5 years to 10 years 6.15 6.65 6.65
14 Saving Bank Deposit 2.8 3.3 2.8
15 Reserve Fund Societies 6.65