Revision of Rate of Interest on Term Deposits w.e.f. 22.03.2017
The Rates of Interest on Term Deposits of the Bank has been revised as follows. The revised rates will be effective from 22.03.2017
PERIOD OF DEPOSIT 
EXISTING
w.e.f 09.01.2017 
Revised
w.e.f. 22.03.2017 
Upto Rs 1.00 Crore 
Above Rs 1.00 crore 
Upto Rs 1.00 Crore 
Above Rs 1.00 crore 
7 days to 14 days ** 
4.00 
3.75 
4.00 
4.10 
15 days to 29 days 
4.00 
3.75 
4.00 
4.10 
30 days to 45 days 
4.00 
3.75 
4.00 
4.10 
46 days to 60 days 
4.00 
3.85 
4.00 
4.25 
61 days to 90 days 
4.50 
3.85 
4.50 
4.25 
91 days to 180 days 
5.00 
3.85 
5.00 
4.25 
181 days to 269 days 
5.75 
4.00 
5.75 
5.00 
270 days to less than 1 year 
6.25 
4.00 
6.25 
5.00 
1 Year 
6.75* 
4.25* 
6.75* 
5.00* 
Above 1 year to less than 2 years 
6.75* 
5.25* 
6.75* 
5.25* 
2 years to less than 3 years 
6.75* 
6.00* 
6.75* 
5.50* 
3 years to less than 5 years 
6.50* 
6.00* 
6.50* 
5.50* 
5 years and above 
6.50* 
6.00* 
6.50* 
5.50* 
Tax Savers Term Deposit 
6.00* 
X 
6.00* 
X 
Majoni Deposit Scheme 
6.00 
X 
6.00 
X 

*Additional rates of interest of 0.50 % applicable for senior citizens for deposits of 1 year and above.
**For bulk deposits (Rs.15.00 lakh and above)
Aforementioned rates will be applicable to fresh deposits as well as on renewal of matured deposits and rates are subject to revision at any time.
Further, additional interest at the following rates may be allowed to the depositors belonging to the categories mentioned below.
i) Staff : 1.00% over normal rate
ii) ExStaff (Senior Citizen) : 1.50% over normal rate
Penal charges for premature withdrawal of Term deposits:
i) Deposits remained with the Bank for less than 07 days : No interest payable
ii) Premature closure of Term Deposits for reinvestment in our Bank
for a period not less than the remaining term of the original deposit : Nil
Rate of Interest Chart on various categories of Loans and Advances linked with MCLRY (8.90%)
MCLR internal benchmark rate for different maturities
Sl No. 
Applicable MCLR Benchmark 
Applicable MCLR 
1 
MCLRD(Overnight MCLR) 
8.70% 
2 
MCLRM(1 month MCLR) 
8.75% 
3 
MCLRQ(3 months MCLR) 
8.80% 
4 
MCLRH(6 months MCLR) 
8.85% 
5 
MCLRY(1 Year MCLR) 
8.90% 

MCLR internal benchmark rate for different maturities
Sl No. 
Loan Tenor 
Applicable MCLR Benchmark 
Applicable MCLR 
1 
OvernightFor one day 
Overnight MCLRi.e.MCLRD 
8.70% 
2 
Up to 1 month 
1 month MCLRi.e. MCLRM 
8.75% 
3 
Above 1 month & up to 3 months 
3 months MCLRi.e. MCLRQ 
8.80% 
4 
Above 3 months & up to 6 months 
6 months MCLRi.e. MCLRH 
8.85% 
5 
Above 6 month & up to 1 year 
1 year MCLRi.e. MCLRY 
8.90% 
6 
Above 1 year 
1 year MCLRi.e. MCLRY 
8.94% 

Under MCLR regime, the spread includes (i) business strategy premium and (ii) credit risk premium. The spread on the rate of interest includes business strategy premium 50 bps. Any concession in the interest rate can be given by the appropriate sanctioning authority as per Bank’s extant guidelines only after maintaining the minimum business strategy premium of 5bps.
Sl No. 
Category of Advances 
Rate of Interest (Linked with MCLRY) 
1 
Term Loan/ Cash Credit (Nonschematic and NonPriority) 
a 
Limit up to Rs. 25000/ 
MCLRY+3.30% i.e. 12.20% 
b 
Limit over Rs. 25000/ and up to Rs. 5.00 Lakh 
MCLRY+3.55% i.e. 12.45% 
c 
Limit over Rs. 5.00 Lakh and up to Rs. 25.00 Lakh 
MCLRY+4.55% i.e. 13.45% 
d 
Aggregate limit over Rs. 25.00 Lakh(as per Credit Risk Rating) 
i 
AGVBCR 0 
MCLRY+3.05% i.e. 11.95% 
ii 
AGVBCR 1 
MCLRY+3.55% i.e. 12.45% 
iii 
AGVBCR 2 
MCLRY+4.05% i.e. 12.95% 
iv 
AGVBCR 3 
MCLRY+4.55% i.e. 13.45% 
v 
AGVBCR 4 
MCLRY+4.80% i.e. 13.70% 
vi 
AGVBCR 5 
MCLRY+5.05% i.e. 13.95% 
2 
Advance to MSME, SSI, RTO, PSEP [RTL/SBL(TL/CC) up to Rs.20.00 Lakh] etc. 
a 
Limit up to Rs.25000.00 
At MCLRY i.e. 8.90% 
b 
>Rs25000.00 and up to Rs2.00 Lakh 
MCLRY+1.35% i.e. 10.25% 
c 
>Rs2.00 Lakh and up to Rs5.00 Lakh 
MCLRY+2.35% i.e. 11.25% 
d 
>Rs5.00 Lakh and up to Rs25.00 Lakh*** 
MCLRY+2.85% i.e. 11.75% 
e 
Limit above Rs.25.00 Lakh 
As Per Rating 
e 
Limit above Rs.25.00 Lakh 
As Per Rating 
f 
AGVBCR0 
MCLRY+2.10% i.e. 11.00% 
g 
AGVBCR1 
MCLRY+2.35% i.e. 11.25% 
h 
AGVBCR2 
MCLRY+2.85% i.e. 11.75% 
i 
AGVBCR3 
MCLRY+3.60% i.e. 12.50% 
j 
AGVBCR4 
MCLRY+4.10% i.e. 13.00% 
k 
AGVBCR5 
MCLRY+5.10% i.e. 14.00% 

*** For RTL/SBL with limit above Rs.20.00 Lakh will come under advance to Non Priority Sector.
As per RBI guidelines no collateral should be insisted upon for MSE loan up to Rs.10.00 Lakh. Accordingly, no concessional rate is applicable for MSE loans up to Rs.10.00 Lakh. However, for loan accounts above Rs. 10.00 Lakh, the additional discounts/ reductions in rate of interest based on % collateral security offered by the borrowing MSME units would as under: 
Percentage collateral security offered 
Discount/ Reduction ROI 
(i) 75% and above up to 100% 
0.25% 
(ii) Above 100% 

3 
Loans StandUp India Scheme for financing SC/ST and/or Women Entrepreneurs 
a 
Limit up to Rs10.00 Lakh 
MCLRY+2.30% i.e. 11.20% 
b 
Limit above Rs10.00 Lakh 
MCLRY+3.00% i.e. 11.90% 
4 
Agricultural advances (TL/CC/KCC/NWR/*SHG/Rural Godown/Cold Storage/NGO/Micro Credit/ Handloom/ Weaver Group/and Finance to MFI) 
a 
Limit up to Rs.50000/ 
MCLRY+0.30% i.e. 9.20% 
b 
>Rs.50000/ and up to Rs.2.00 Lakh 
MCLRY+1.80% i.e. 10.70% 
c 
>Rs. 2.00 Lakh and up to Rs. 5.00 Lakh 
MCLRY+2.80% i.e. 11.70% 
d 
>Rs. 5.00 Lakh and up to Rs. 10.00 Lakh 
MCLRY+3.80% i.e. 12.70% 
e 
>Rs. 10.00 Lakh and up to Rs. 25.00 Lakh 
MCLRY+4.55 %i.e. 13.45% 
f 
>Rs. 25.00 Lakhs and above 
As per Credit Risk Rating 
g 
Agricultural Advances having limits above Rs.25.00 Lakh, applicable rate of interest as per Credit Risk Rating is as follows:

i 
AGVBCR 0 
MCLRY+2.05% i.e. 10.95% 
ii 
AGVBCR 1 
MCLRY+2.80% i.e. 11.70% 
iii 
AGVBCR 2 
MCLRY+3.80% i.e. 12.70% 
iv 
AGVBCR 3 
MCLRY+4.55% i.e. 13.45% 
v 
AGVBCR 4 
MCLRY+5.05% i.e. 13.95% 
vi 
AGVBCR 5 
MCLRY+6.05% i.e. 14.95% 


Note:
I. Bank will charge interest on all direct agricultural advances on halfyearly basis. However, interest on current dues, i.e. Crop Loans &Instalments not falling due in respect of Term Loans should not be compounded.
II. When Crop Loan or instalment under Term Loan becomes overdue, outstanding interest to be added to the principal and interest would be compounded. However, total interest debited to an account should not exceed the principal amount in respect of Short Term Agricultural Advances to Small & Marginal Farmers.
III. In case of Short Term Production Credit up to Rs.3.00 Lakh, the applicable Rate of Interest shall be 7% payable as per norms on due date. Branches will prepare halfyearly statement of actual disbursement/drawal of crop loan and calculate Interest Subvention @ 2.00% p.a. and submit to respective Regional Offices as per extant H.O. Circular. Concession in Rate of Interest by 3.00% for timely repayment of bank dues in terms of Government directives will also continue. However, if the loan is not repaid within the due date (overdue accounts with limit up to Rs.3.00 Lakh), normal rate of interest (MCLR linked loan quantum wise rate) for agricultural advances after due date till recovery will be applicable.
IV. *In case of financing to SHGs the Rate of Interest will be determined based on the quantum of loan to be availed by the individual members of the group i.e. Interest rate is to be fixed in terms of per capita finance.
V. In case of loans up to Rs.3.00 Lakh sanctioned to NRLM compliant women SHGs in the identified CategoryI districts of Assam viz. Dhemaji, Hailakandi, Jorhat, Nagaon, Chirang, Tinsukia and Sonitpur, the applicable rate of interest shall be 7.00% (fixed). In case the borrower fails to repay the loan instalments in time and the account becomes overdue, normal rate of interest as mentioned in the above table shall be applicable. In all other districts (excluding Dhemaji, Hailakandi, Jorhat, Nagaon, Chirang, Tinsukia and Sonitpur) normal rate of interest shall be applicable as per table given above. Concession in Rate of Interest for prompt repayment of bank dues shall be available to NRLM compliant women SHGs in terms of Government Directives as circulated by HO time to time.


Sl. No. 
Category of Advances 
Rate of Interest (Fixed) 
5 
Special Rate of Interest for Bank’s own scheme under Priority Sector 
a. 
Asomi Jana Rin Achani 
9.75% 
b. 
Asomi Bhumishri Yojana 
11.75% 
c. 
Asomi Sulav Credit Card 
11.75% 
d. 
Randhanjyoti Scheme 
10.75% 
e. 
Urban Credit card 
12.00% 
f. 
Asomi Farmer’s Credit Card 
10.75% 
g. 
Asomi Mahila Mangal Yojana 
11.75% 
h. 
Swarojgar Credit Card 
10.75% 
i. 
Loan to STSHG under NSTFDC 
6.00% 
j. 
Personal Loan to Farmers 
11.75% 
k. 
Capital Investment Subsidy Scheme 
As specified by Government 
l. 
AGVB Solar Energy Scheme 
As per circular on the scheme 
m. 
Loan to Persons with disabilities under NHFDC Scheme 
As per circular on the scheme 
6 
Loan under Retail Credit Scheme 
a(i) 
Asomi Grihashree Loan Scheme 
At MCLRY i.e. 8.90% 
a(ii) 
AGVB Affordable Housing Loan Scheme 
At MCLRY i.e. 8.90% 
Note:
a) Loan for 2nd housing unit, additional 0.50%.
b) No loan will be extended for purchase of 3rd housing unit.
c) Housing loan up to Rs.20.00 lakh shall be under Priority Sector provided overall cost of the dwelling unit does not exceed Rs.25.00 Lakh. 
b. 
Car Loan 
i 
New Car up to 84 months repayment period 
MCLRY+0.55% i.e. 9.45% 
ii 
Used car up to 60 months repayment period 
MCLRY+1.05% i.e. 9.95% 
c. 
Two wheeler 
i 
Repayment period up to 36 months 
MCLRY+1.40% i.e. 10.30% 
ii 
Repayment period more than 36 months 
MCLRY+1.90% i.e. 10.80% 
Note: 0.25% concession for Women Bank Mitras and 0.25% concession when 50% loan amount is covered by liquid security. 
d. 
Loan to Land Lord 
MCLRY+3.55% i.e. 12.45% 
e. 
Mortgage Loan 
i 
TL 
MCLRY+1.90% i.e. 10.80% 
ii 
Overdraft 
MCLRY+2.15% I.e. 11.05% 
f. 
Trade Credit 
MCLRY+4.55% i.e. 13.45% 
g. 
Demand Loan 
i 
Loan Against face value of NSC/KVP/LIP/and surrendered value of LIP with minimum 10% margin: 

A 
TL 
MCLRY+1.85% i.e. 10.75% 
B 
OD 
MCLRY+2.85% i.e. 11.75% 
ii 
Loan Against Term Deposit with minimum 10% margin: 

A 
Loan to deposit holder (both TL and OD) 
1% above the rate of interest on deposit 
B 
Loan against third party deposit having minimum margin 25% (both TL and OD) 
2.5% above the rate of interest on deposit subject to minimum of MCLR 
Note: i) In case of more than one deposit offered, higher rate of interest paid on deposits is to be taken for calculation of rate of interest on loan. 
ii) Employees of our Bank are to be treated at par with General Customers. 

iii 
Personal Loan Scheme: 
1 
AGVB Personal Loan 
13.50% (fixed) 
2 
Premium Personal Loan 
13.25% (fixed) 

iv 
Educational Loan 
1 
Up to Rs.7.50 Lakh 
MCLRY+2.20% i.e. 11.10% 
2 
Above Rs.7.50 Lakh 
MCLRY+2.15% i.e. 11.05% 
Note: a)For Girl Students: 0.50% concession from card rate.
b) One (1) % interest concession is allowed during moratorium period only if the interest is serviced monthly and regularly. However, where interest subsidy is claimed from Govt. Of India by the borrower, the question of servicing of interest does not arise. The amount deposited, if any, during the moratorium period, should be treated as repayment of loan and hence no further concession of 1.00 % will be allowed.
c) The Rate Of Interest on this scheme will be on monthly and simple basis during the moratorium period and thereafter compounded. 
v 
Consumer Durable Loan 
i 
Individual 
14.00% (fixed) 
ii 
Individual with 50% collateralisation 
13.50% (fixed) 
7 
DRI 
4% (fixed) 
8 
Ad hoc/Temporary facility 
2% over and above normal rate of interest subject to a ceiling of MCLR+6%. In case of MSME rate of interest will be 1% more than the applicable rate. 

Note:
1. Rate of interest on any scheme not specified hereinabove will be covered by specific activity wise rate under Priority/ NonPriority sector as the case may be.
2. The accounts enjoying fixed rate of interest with a reset clause are to be reviewed as per terms of sanction and new rate to be applicable.
3. For fresh advance under all tie up arrangements, the percentage of concession allowed from card rate will only remain constant. However, under no circumstances the effective Rate of Interest should be lower than MCLR i.e., 8.90% at present after allowing all types of applicable concessions, if any, unless otherwise instructed specifically.
4. However, the loan accounts where interest has been charged at Base Rate/ BPLR shall continue to attract the same rate till otherwise instructed by Head Office or the borrower concern opted for MCLR.
