Assam Gramin Vikash Bank was formally launched on the 12th of January 2006. It is an malgamation of Pragjyotish Gaonlia Bank, Lakhimi Gaonlia Bank, Cachar Gramin Bank and Subansiri Gaonlia Bank, all sponsored by United Bank of India.

About ourselves

The idea of Regional Rural Banks (RRBs) was mooted by the Govt. of India in the year 1975 to bring about the desired uplift of the rural economy and accordingly promulgated an Ordinance...


 
 
 

Rate of Interest

Sub. : Revision of Rate of Interest on Term Deposits w.e.f. 29.11.2016
The Rates of Interest on Term Deposits of the Bank have been revised as follows. The revised rates will be effective from 29.11.2016.

Sl. No.

Period of Deposit

Existing w.e.f.
20.10.2016

Revised Rates w.e.f. 29.11.2016

Upto Rs. 1.00 crore

Above Rs 1.00 crore

Upto
Rs 1.00 Crore

Above Rs 1.00 crore

1

7 days to 14 days**

5.50

5.50

3.75

3.75

2

15 days to 29 days

5.50

5.50

3.75

3.75

3

30 days to 45 days

5.50.

5.50

3.75

3.75

4

46 days to 60 days

6.50

6.00

3.85

3.85

5

61 days to 90 days

6.50

6.00

3.85

3.85

6

91 days to 180 days

6.50

6.00

3.85

3.85

7

181 days to 269 days

6.75

6.25

4.00

4.00

8

270 days to less than 1 year 

7.00

6.25

4.00

4.00

9

1 year

7.15*

6.50*

4.25*

4.25*

10

Above 1 year to less than 2 years

7.25*

6.50*

5.25*

5.25*

11

2 years to less than 3 years

7.25*

6.50*

6.00*

6.00*

12

3 years to less than 5 years

7.25*

6.50*

6.00*

6.00*

13

5 years and above

7.00*

6.50*

6.00*

6.00*

14

Tax Savers Term Deposit

7.00*

-

6.00*

-

15

Majoni Deposit Scheme

7.00

-

6.00

-


*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) Ex-Staff (Senior Citizen)               : 1.50% over normal rate


Penal charges for pre-mature 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 re-investment 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 & advances (linked with Base Rate = 9.90%)


PRIORITY SECTOR ADVANCES
 
A)  Agricultural Advances (Term Loan / Cash Credit/KCC/NWR/Rural Godown/Tractor/ Power Tiller etc.
             

Existing

Revised

Limit


Rate of Interest
Limit
Rate of Interest

 Upto Rs.50000/-                               

BPLR - 3.50% i.e. 09.50%  Upto Rs.50000/- 

BR + 0.00% i.e. 09.90%

>Rs. 50,000/- up to Rs. 2.00 lac

BPLR - 2.00% i.e. 11.00% >Rs. 50,000/- up to Rs. 2.00 lac

BR + 1.10% i.e. 11.00%

>Rs. 2.00 lac up to Rs. 5.00 lac

BPLR - 0.75% i.e. 12.25% >Rs. 2.00 lac up to Rs. 5.00 lac 

BR + 2.35% i.e. 12.25%

>Rs. 5.00 lac up to Rs. 25.00 lac

BPLR+ 0.50% i.e. 13.50% >Rs. 5.00 lac up to Rs. 25.00 lac

BR + 3.60% i.e. 13.50%

Above Rs. 25.00 lac

As per credit risk rating
Maximum = 14.50%
Minimum = 11.00%
Above Rs. 25.00 lac

As per credit risk rating
Maximum = 14.50%
Minimum = 11.00%

 Crop Loan up to Rs. 3.00 lac

9.00% Crop Loan up to Rs. 3.00 lac

9.00% (fixed)

 
B.** SHG/Handloom Weavers’Group(HWG)/ Advances to NGOs/FINANCING MFI & OTHER similar ADVANCES.
             

Existing

Revised

Limit


Rate of Interest
Limit
Rate of Interest

 Upto Rs.50000/-                               

BPLR - 3.50% i.e. 09.50%  Upto Rs.50000/- 

BR + 0.00% i.e. 09.90%

>Rs. 50,000/- up to Rs. 2.00 lac

BPLR - 2.00% i.e. 11.00% >Rs. 50,000/- up to Rs. 2.00 lac

BR + 1.10% i.e. 11.00%

>Rs. 2.00 lac up to Rs. 5.00 lac

BPLR - 0.75% i.e. 12.25% >Rs. 2.00 lac up to Rs. 5.00 lac 

BR + 2.35% i.e. 12.25%

>Rs. 5.00 lac up to Rs. 25.00 lac

BPLR+ 0.50% i.e. 13.50% >Rs. 5.00 lac up to Rs. 25.00 lac

BR + 3.60% i.e. 13.50%

Above Rs. 25.00 lac

As per credit risk rating
Maximum = 14.50%
Minimum = 11.00%
Above Rs. 25.00 lac

As per credit risk rating
Maximum = 14.50%
Minimum = 11.00%

 
**Interest rate is to be fixed in terms of per capita finance.

C) Advance to MSME, SSI, RTO,PSEP etc.

Existing

Revised

Limit


Rate of Interest
Limit
Rate of Interest

 Upto Rs.25000/-                               

BPLR - 3.25% i.e. 09.75%  Upto Rs.25000/- 

BR + 0.00% i.e. 09.90%

>Rs. 25,000/- up to Rs. 2.00 lac

BPLR - 1.75% i.e. 11.25% >Rs. 25,000/- up to Rs. 2.00 lac

BR + 1.35% i.e. 11.25%

>Rs. 2.00 lac up to Rs. 5.00 lac

BPLR - 0.75% i.e. 12.25% >Rs. 2.00 lac up to Rs. 5.00 lac

BR + 2.35% i.e. 12.25%

>Rs. 5.00 lac up to Rs. 25.00 lac

BPLR+ 0.25% i.e. 12.75% >Rs. 5.00 lac up to Rs. 25.00 lac

BR + 2.85% i.e. 12.75%

Above Rs. 25.00 lac

As per credit risk rating
Maximum = 14.50%
Minimum = 11.00%
Above Rs. 25.00 lac

As per credit risk rating
Maximum = 14.50%
Minimum = 11.00%

 
 D) Other schemes under priority Sector                                                                                               


Other schemes
Existing
(Fixed Interest Rate)

Revised
(Fixed Interest Rate)

a) Asomi Jana Rin Achani

10.00%

10.00%

b) Asomi Bhumishri Yojana

12.00%

12.00%

b) Asomi Sulav Credit Card

12.00%

12.00%

d) Randhanjyoti Scheme (for Rural Areas)

11.00%

11.00%

e)  Urban Credit Card

13.00%

13.00%

f) Asomi Farmer’s Credit Card

11.00%

11.00%

g) Capital investment subsidy Scheme

As specified by the Govt.

As specified by the Govt.

h) Asomi Mahila Mangal Yojana

12.00%

12.00%

i) Swarojgar  Credit  Card

11.00%

11.00%

j) AGVB Solar Energy Scheme

As per Circular on the Scheme

As per Circular on the Scheme

k) Loan  to ST-SHG under NSTFDC Scheme

6%

6%

l) Loan to persons with disabilities under NHFDC scheme

As per Circular on the Scheme
As per Circular on the Scheme
m) AGVB Personal Loan Scheme to Farmers

12.50%
12.50%

E) Other priority sector *(Retail Trade Small Business up to Rs. 20.00 lac) (both Term Loan & Cash Credit)

Existing

Revised

Limit


Rate of Interest
Limit
Rate of Interest

 Upto Rs.25000/-                               

BPLR - 2.50% i.e. 10.50%  Upto Rs.25000/- 

BR + 0.60% i.e. 10.50%

>Rs. 25,000/- up to Rs. 2.00 lac

BPLR - 1.00% i.e. 12.00% >Rs. 25,000/- up to Rs. 2.00 lac

BR + 2.10% i.e. 12.00%

>Rs. 2.00 lac up to Rs. 5.00 lac

BPLR - 0.25% i.e. 12.75% >Rs. 2.00 lac up to Rs. 5.00 lac

BR + 2.85% i.e. 12.25%

>Rs. 5.00 lac up to Rs. 25.00 lac

BPLR+ 0.25% i.e. 13.50% >Rs. 5.00 lac up to Rs. 25.00 lac

BR + 3.60% i.e. 13.50%

Above Rs. 25.00 lac

As per credit risk rating
Maximum = 14.50%
Minimum = 11.00%
Above Rs. 25.00 lac

As per credit risk rating
Maximum = 14.50%
Minimum = 11.00%

 
F) Retail  Credit Schemes under Priority Sector:                                                                
i
) Educational loan (Asomi Gyandeep loan scheme)

Limit
Existing

Revised

Up to Rs. 4.00 lac

BPLR - 1.75% i.e. 11.25%

BR + 1.35% i.e. 11.25%

Above Rs. 4.00 lac

BPLR - 1.00% i.e. 12.00%

BR + 2.10% i.e. 12.00%

 
Note: The rate of interest on this scheme will be on monthly and simple basis during the moratorium period and thereafter compounded.
 
i) DRI Advance

DRI Advance 4.00%

4.00% (Fixed)


iii) Housing loan (Asomi Grihashree Loan Scheme)

Repayment Period



Existing
Revised
Interest rate as per l imit
Up to Rs. 25 lac
Above Rs. 25 lac

 For loans up to 5 years

BPLR - 3.00% i.e 10.00% BPLR - 2.00% i.e.11.00%

BR + 0.10% i.e. 10.00%
(irrespective of amount and repayment period up to 30 years)

For loan above 5 years and up to 10 years

BPLR - 2.50% i.e 10.50% BPLR - 1.50% i.e.11.50%

For loan above 10 years and up to 15 yrs

BPLR - 2.25% i.e 10.75% BPLR - 1.25% i.e.11.75%

Above 15 years & up to 20 years

BPLR - 2.00% i.e 11.00% BPLR - 1.00% i.e.12.00%

Above 20 years & up to 30 years

   

Note:-

  1. Loan for 2nd housing unit, additional 0.50%, across the board in all slabs.
  2. No loan will be extended for purchase of 3rd housing unit
  3. No loan will be extended for purchase of 3rd housing unit

 
 
NON PRIORITY SECTOR ADVANCES
 

Nature of loan / Limit
Existing

Revised

A) General Non Priority Sector Advances (both Term Loan & Cash Credit) for limit over Rs.10.00 lac

Interest rate based on credit risk rating of the borrower

Interest rate based on credit risk rating of the borrower

B) Advance Against face value of NSC / KVP and surrender value of LIC with minimum 10% margin (both T/L & OD)

Term loan
BPLR - 1.25% i.e. 11.75%
Overdraft
BPLR - 0.25% i.e. 12.75%

Term loan
BR + 1.85% i.e. 11.75%
Overdraft
BR + 2.85% i.e. 12.75%

C) Advance against Term Deposit of the Bank with minimum 10% margin (both T/L & OD)

2.00% above the rate of interest on deposit (no ceiling)

2.00% above the rate of interest on deposit (no ceiling)

D) Advance against 3rd party deposit having minimum 25% margin (both T/L & OD)

2.50% above the deposit rate

2.50% above the deposit rate

E) AGVB Consumer Durable Loan scheme
(a) Individual
(b) Individual with 50% collaterization


15.00%
14.50%

15.00% (fixed)
14.50% (fixed)

F) AGVB Car Loan Scheme
For new car
(i) Repayment up to 3 years
(ii) Repayment above 3 years
For used car
(i) Repayment up to 3 years
(ii) Repayment above 3 years



11.00%
11.50%



12.50%
13.00%
For New Car:
BR + 0.50% i.e. 10.40%
For Old Car:
BR + 1.00% i.e. 10.90%
(irrespective of repayment period)

G) Personal Loan Scheme
i) AGVB Personal Loan
ii) Premium Personal Loan


14.50%
14.25%


14.50%
14.25%

H) Trade Credit Scheme (Priority Sector within purview of its limit & Non Priority Sector)

BPLR + 0.75 % i.e. 13.75%

BR + 3.85% i.e. 13.75%

I) Asomi Mortgage Loan Scheme

Term Loan
BPLR + 1.25% i.e. 14.25%
Overdraft
BPLR + 1.75% i.e. 14.75%

For Term Loan:
BR + 1.85% i.e. 11.75%
For OD:
BR + 2.10% i.e. 12.00%

J) Advance to Landlord

BPLR - 0.25% i.e. 12.75%

BR + 2.85% i.e. 12.75%

K) Adhoc / Temporary Overdraft (Applicable for existing limits)

2% over and above normal rate applicable for regular limit or at any other rate stipulated by the sanctioning authority subject to a ceiling of BPLR + 3.50%

2% over and above normal rate applicable for regular limit or at any other rate stipulated by the sanctioning authority subject to a ceiling of BR + 6.60% i.e. 16.50%

L) Tax Savers Personal Loan

BPLR - 1.25% i.e. 11.75%

 Scheme withdrawn

M) Real Estate other than specified schemes
Up to Rs. 25.00 lac
Above Rs. 25.00 lac

14.00% (BPLR + 1.00%)
As per credit risk rating

BR + 4.10% i.e. 14.00%
As per credit risk rating

                                                                            

Note: Terms and conditions apply.