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Interest Rates & Charges

Important Note : Although we take utmost care to keep the information available on this site always up to date, you are requested to confirm the interest rate(s), charges or any other information from any of branches or H.O.  

 

(w.e.f. 12th Jan, 2017)

Term Deposits: 

(Rates in percentage per annum)

 

Duration
General
< Rs. 25 lacs Rs. 25 lacs and above
Sr. Citizens
7 to 14 days 4.00 4.25 4.50
15-29 day 5.00 5.25 5.50
30-90 day 6.00 6.25 6.50
91-179 day 6.75 7.00 7.25
180 days to 269 days 7.00 7.25 7.50
270 days to 364 days 7.25 7.50 7.75
365 days to 400 days 7.50 7.75 8.00
401 days to 729 days 7.50 7.75 8.00
730 days and above. (up to 3652 days) 7.25 7.50 7.75

(Please note that period of Fixed Deposits should be mentioned in days only and not in months or years). 

Flexi Recurring Deposits  (w.e.f. 1 Jan. 2017) 
Duration General Sr. Citizen/Staff
6 months to less than 9 months 7.00% 7.50%
9 months to less than 1 year 7.25% 7.75%
1 year and less than 2 years 7.50% 8.00%
2 years to 10 years 7.25% 7.75%

(Flexi Recurring Deposit Accounts are  opened for term expressed in multiple of quarters.  Interest for terms of 6 months and above is compounded quarterly and payable at maturity. )

Special Term Deposit Schemes

These schemes are applicable for all categories including Sr. Citizens and High Value Deposits.

SMCB 1.5

The Principal amount becomes 1.5 times in 1870 days @ 8% p.a.  (For example, Rs.10,000/- will become Rs. 15,005/-).  

SMCB Double

The Principal amount gets doubled in 3197 days @ 8% p.a.  (For example, Rs. 10,000/- would become Rs. 20,003/-). 

Note:

  1. A customer can avail additional interest under only one scheme i.e. either under Senior Citizen scheme or under the scheme of single deposit of High value. 
  2. A customer will be treated as senior citizen only when the age of First applicant is 60 years or above. 
  3. On premature payment of deposit, penalty of 1% will be charged. On premature payment interest will be payable at the fixed deposit / Recurring deposit rate for the period for which the deposit has run less 1%

 

Savings Bank Accounts

Shivalik Bank offers flexible rates of interest in Savings Bank accounts which vary according to the average credit balance being maintained in the account.   (w.e.f. 12 Jan. 2017)  

 

Saving accounts having balances up to 5 lacs 4.00%
Balances above 5 lakh &upto 10 lakh 5.50%
Balances above 10 lakh &upto 25 lakh 5.50%
Balances above 25 lakh & upto 50 lakh 5.75%
Balances above 50 lakh & upto 1 crore 6.00%
Balances above 1 crore & upto 5 crore 6.25%
Balances above Rs. 5 crore 6.50%

 

Interest Rates on Loan Schemes
w.e.f. 3 March 2016 
This cancels and supercedes all our previously published interest rate charts.

Note : These rates are indicative. Exact applicable interest rate depends upon several factors (quantum of finance, risk perception, borrower’s profile, rating of the borrower etc.) and therefore may differ from case to case. You are requested to get in touch with your nearest branch to know exact rate applicable for you.

CURRENT BASE RATE : 10.50% : Rates are mentioned – Over Base Rate (OBR)

Demand Loans (for all) Floating Rate Fixed Rate
Against Bank’s own FDRs 1% above FDR rate  
Against NSC, KVP and LIC policies 12.25% ~ 13.25%   

 

OD Limits (for all) Floating Rate Fixed Rate
Against Bank’s own FDRs 1% - 2 % above FDR rate*  
Against NSC, KVP and LIC policies 12.25% ~ 13.25%   
Demand Loan for Working Capital 11.0% upto 15%  

 

Gold Loan Floating Rate Fixed Rate
Gold Loan
(Demand Loan)

65% value of purity - 13.0%
75% value of purity - 14.5%

 
Gold Loan (Term Loan) 14.50%  

 

Car Loan (for all)

Car Loan (Existing Customer)
(brand new cars
(repayment upto 60 months)


 

N.A.

10.50 % p.a. upto 10.99% 




 

Car Loan
(Old car – max. upto 3 years old)
  14.50% p.a.

 

Housing Loan (for all)
Housing Loan
 
10.50% ~ 12.0% (Depends upon rating of the applicant) N.A.

 

Loans to Businessmen
Commercial Building Construction / Business Asset purchase 12.00% p.a. to 16%  N.A.
Cash Credit Limit
(for traders/SSI & MSI)
11.25% ~ 15.75% 
(depends upon quantum of finance)
N.A.
Term Loan / Working Capital T/Loan
(Traders)
12.00% ~ 16.00% 
(depends upon quantum of finance required)
N.A.
Loan upto Rs. 25 lakhs (with collateral) 15.00% p.a. 
(against security of gold)
Cr Rating 'AAA' 14.00% p.a. 
Cr Rating 'AA' 15.00% p.a. 
Cr Rating 'A' 16.00% p.a.  (against other security)
N.A.
Pledge Loan / Limit
(against warehouse receipts)
U.P. -  12.50%
M.P. - 12.50%
 

 

Loans to Schools
T/L or limit to Schools for building / asset purchase / working capital 12.00% to 16.00%  

 

Loans to Industries
Loans to SSI and MSI Industries
(Asset purchase, construction or working capital finance)
12.0% ~ 16.00%  N.A.

 

Loans to Medical Professionals
Equipment / asset purchase / construction 12.00% p.a. - 16.00%
 
N.A.
Loans to Salaried people (against deduction of instalment at source by the employer)
Loan against Salary
(against employer’s undertaking for deduction of salary at source)

 
15.75% 
(For Recognised organisations)

17.75% p.a. 
 

 

Educational Loan Floating Rate Fixed Rate
Educational Loan to meritorious and deserving students & their parents   11.50%

 

Agriculture Loan Floating Rate Fixed Rate
Shivalik Green Card 12.00% p.a.  
Term Loan to Farmers 12.50%   

 

Micro Finance Floating Rate Fixed Rate
Limits to Self-help groups 20.00%  
Loan Against Lease Rental

Floating Rate

Fixed Rate
Loan against Lease Rental

12.75% - 16.75%

 

 

 

Loan Against Property Floating Rate Fixed Rate
Loan against Property  12.75% ~ 16.75% (depending upon amount of loan plus rating of the applicant)  

Loan against Property can be sanctioned for long terms - upto 240 months. 

Schedule of Bank Charges on Various Products & Services)

(w.e.f. : 10 March, 2014)

Charges (inclusive of Service Tax)stipulated by Reserve Bank of India for collection of outstation cheques and other instruments (Inward / Outward) are as under:

 

Amount of the Instrument Charges
Upto and Inclusive of Rs. 5,000/- Rs. 28/- per instrument
Above Rs. 5,000/- and upto and Incl. Rs. 10,000/- Rs. 56/- per instrument
Above Rs. 10,000/- and upto and Incl. Rs. 1 lac Rs. 112/- per instrument
Above Rs. 1.00 lac Rs. 169/- per instrument

 
 

Other Charges

 

Details Charges
Deposits, maintenance & Lockers
SB Normal Non Maintainance of minimum balance Rs. 50/- 
CA Non Maintainance of minimum balance 610/- per quarter
SB - Issue of Cheque Books 1st chq book free. Subsequent ch book Rs.3.00 per leaf
CA / CC/ OD/OO Issue of cheques  Rs.3.00 per leaf
Issue of duplicate pass book/ statement Rs. 51 per page min. 115/-
Stop Payment Charges : Per cheque Rs.76/- per instance
Stop Payment Charges : Range of cheques  Rs. 305/-
SB Folio Charges  First 120 entires : Free
Rs. 200/- per folio thereafter.
CA / CC / OD A/c. Folio Charges Rs. 152/- per folio of 40 entries except school accounts where folio charges are taken seperatly)
Signature verification, Balance Certificate, No Dues Certificate Rs. 127/-
Chq. return : Insufficient Balance 

Rs. 305/- for deposit a/cs.

Rs. 750/- for Loan a/cs. 

Chq. return : Other reasons Rs. 127/- per cheque
Chq. return by other banks Rs. 127/- per cheque
Chq. return : Outstation collection - outwards Rs. 127/- per cheque
DD Purchase Rs. 305/- + Interest @ 18% for the period bank remains out of funds. 
Standing Instructions - Issue / Revocation Rs. 51/-
Cash Handling Charges

Rs. 102/- per lakh rupees. 

Account Closure before 12 months

SB A/c. : Rs. 254/-

CA A/c. : Rs. 500/-

DD / Pay Order Commission :  Cash / Other bank's  Rs. 5/- per '000
DD / Pay Order Commission :  Transfer Our Bank  Rs. 2/- per '000
DD / Pay Order Commission :  Transfer - Other bank's  Rs. 4/- per '000
Lockers (Small / Medium / Large)  Semi Urban / Rural Rs. 812 / 1624 / 3236
Lockers (Small / Medium / Large)  Urban Rs. 1015 / 2030 / 4060
Lockers (Small / Medium / Large)  Metro cities  Rs. 1220/ 2440 / 4880
Outward Remittance for migrant labourers (upto Rs.50,000) Rs. 36/- per remittance
RTGS / NEFT for customers

<Rs. 1.0 lac -  Rs. 5/-
Rs. 1.0 lac - Rs.5 lacs - Rs. 28/-

>Rs. 5 lacs - Rs. 56/-  

DEFAULT IN EMI OF TERM LOAN  (Including SI Failure)   
EMI upto Rs. 2000/- Rs. 200/-
> Rs. 2000 and upto Rs. 10,000/- Rs. 500/-
> Rs. 10,000  Rs. 1,000/-
INSPECTION CHARGES

Car : Rs. 400/- 

Other : Rs. 75/- per lakh Rs.

NOTICE ISSUE CHARGES  Rs. 300/- per notice 
Return of EMI Cheque Rs. 500/- per return
Loan Processing Fee Term Loan 1%  (Min. 1524/-, Max. 3.5 lacs)
Loan Processing Fee  (Other facilities incl. guarantees)  0.75% (Min.1524/-,Max. 3.4 lacs)
Loan Processing Fee (Small Loans upto Rs. 10.00 lacs)  1% (Min. 1,016)
Loan Processing Fee : Car 0.50% (Min. 1524).
Loan Processing Fee : Gold Loan 0.50% (Min. 508)
Loan Processing Fee : Small Loans upto Rs. 5.00 lacs without collateral)  1% (Min. 508/-)
Loan Processing Fee : Demand Loan / Overdraft 

Rs. 254/-  (per LIC bond)

Rs. 102/-  (per NSC Cert.)

Rs. 200/-  (3rd party NSC)

Rs. 51/-  (per 3rd party FDR)

Renewal of CC / OD Limits 0.5% (Max. Rs. 1.52 lacs)
Recovery Charges at actuals
Ad-hoc limit charges  - for 1 week

Rs. 508 (upto Rs. 1 lakh)

Rs.2540/- (>1 lakh - 10 lakh)

Rs.5080/- (> 10 lakh) 

Ad-hoc limit charges  - for 1 month

Rs. 1016 (upto Rs. 1 lakh)

Rs.5080/- (>1 lakh - 10 lakh)

Rs.10160/- (> 10 lakh) 

Ad-hoc limit charges  - for 2 months

Rs.  1524 (upto Rs. 1 lakh)

Rs.  7600/- (>1 lakh - 10 lakh)

Rs.15200/- (> 10 lakh) 

Home Visits -  For documentation / co

Rs.   508/- (local)

Rs. 2,050/- (outstation)

Home Visits -  For Collection of documents

Rs.   254/- (local)

Rs. 1,524/- (outstation)

Late submission of Stock Statement / papers for Renewal of limits  Intt. @ 18% p.a. on total o/stndg. amount
Bank Guarantees 3% of amount.
(Reducible to 1% if 100% FD cover available)
Documentation Charges  Rs. 7,600/- (for Rs. 1.0 crore or above)
Commitment Charges (above Rs. 50 lacs) 

NIL (average utilisation - > 75%

0.5% ( 50% - 75% QLY)

1.0% ( 1% - 50% QLY ) 

 

CBS Charges  
Cash deposit (at other than home branch)

Rs. 2/- per '000, min. Rs. 20/-

Cash Payment of cheque (at other than home branch)

Rs. NIL (upto Rs. 50,000/-)

Rs. 2/- per '000, min. Rs. 20/-

Transfer / clearing cheques  Rs. NIL
SMS  Rs. 5/- per month
ATM Card Related Charges  
Add-on Card Rs. 114/- per card. (max. 2 add-on cards are allowed) 
Annual Fee (primary / add-on card) Rs. 114/- per card.
Duplicate PIN Issue charges Rs. 57/-
Replacement of lost / damaged card Rs. 114/- 
Transaction Charges at other bank's ATM (beyond 5 transactions in a calendar month) 

Rs. 20/- (Cash withdrawal)

Rs. 8/-  (Bal. enquiry)