|
Given
the various rates of interests applicable for Deposits & Lending
provided by M.C.U.B.
These rates are subject to change without prior notification. However
ongoing deposits, Loans, Schemes etc will continue the same rates
with which they have started.
For details contact the General Manager or concerned officer at
M.C.U.B.
The
following changes are made in respect of interest structure with
effect from
10th June 2011
Interest
rate on deposits
| Tenure |
Rates |
| 15 days and up to 30 days |
4 % |
| 31
days and up to 90 days |
6 % |
| 91
days and up to 199 days |
7 % |
| 200
days and up to 364 days
|
8 % |
| For 1 year
|
11.50 % |
| 1 year and upto 2 years |
11 % |
| Above 2 years and upto 3 years
|
10 % |
| Above 3 years |
9.50 % |
| Senior Citizens 0.50% extra in all stages |
| Savings Bank Deposit |
4% |
| Current Account Deposit |
Nill |
|
Lending
Rates
| Size
of Advance |
Rates
in % per annum |
Up to & including  . 25000/- |
11
% |
| From . 25001/- to . 50,000/- |
12
% |
| From . 50001/- to . 1,00,000/- |
13
% |
| From . 1,00,001/- to . 5,00,000/- |
14% |
| Above . 5,00,000/- and up to . 25,00,000/- |
15% |
* if
loans are not repaid on time 1% will be charged extra on interest
rate.
|
|
Gold Rates
|
|
Up to .1,00,000/- 11%
Above .1,00,000/- 12%
|
Lending rate - . 1500 / gram |
|
| |
| Santhwanam Loan |
4
% |
| Dial A Loan |
13
% |
| Parpidam Loan |
12
% |
|
|
