REVISED RATE OF INTEREST FOR LOANS AND ADVANCES WITH EFFECT FROM 07/04/2020

 

 

House Building Loan

PERIOD QUANTAM OF LOAN FLOATING RATE OF INTEREST FIXED RATE OF INTEREST
Upto 5 Years 1 Lakh to 30 Lakhs 8.50% 10.75%
Upto 10 Years 1 Lakh to 30 Lakhs 8.75% 11.00%
Upto 15 Years 1 Lakh to 30 Lakhs 9.00% 11.25%
Upto 20 Years 1 Lakh to 30 Lakhs 9.10% 11.05%

Loan Against Cash Credit

REPAYMENT PERIOD QUANTAM OF LOAN RATE OF INTEREST SECURITY
Review/renewal in 1 Year Upto 1 Lakh 9.75% Mortgage of property/Stock and book debts should be hypothecated to the Bank
Review/renewal in 1 Year Upto 2 Lakhs 10.50% Mortgage of property/Stock and book debts should be hypothecated to the Bank
Review/renewal in 1 Year Above 2 Lakhs 10.75% Mortgage of property/Stock and book debts should be hypothecated to the Bank

Govt. Approved Security Loan (Against NSC/KVP/LIP)

REPAYMENT PERIOD QUANTAM OF LOAN RATE OF INTEREST SECURITY
1 to 10 Years Upto 1 Lakh 08.75% NSC/KVP/LIP
1 to 10 Years Upto 2 Lakhs 09.75% NSC/KVP/LIP
1 to 10 Years Above 2 Lakhs 10.25% NSC/KVP/LIP

Loan Against Gold

PERIOD QUANTAM OF LOAN RATE OF INTEREST SECURITY
11 to 12 Months Upto 1 Lakh 09.75% Gold Ornaments
11 to 12 Months Upto 2 Lakhs 10.50% Gold Ornaments
11 to 12 Months Above 2 Lakhs 10.75% Gold Ornaments

Loan Against Over Draft

PERIOD QUANTAM OF LOAN RATE OF INTEREST SECURITY
1 to 10 Years Upto 1 Lakh 09.00% NSC/KVP/LIP
1 to 10 Years Upto 2 Lakhs 10.00% NSC/KVP/LIP
1 to 10 Years Above 2 Lakhs 10.50% NSC/KVP/LIP

Car Loan

PERIOD QUANTAM OF LOAN RATE OF INTEREST SECURITY
1 to 10 Years Upto 1 Lakh 09.00% NSC/KVP/LIP
1 to 10 Years Upto 2 Lakhs 10.00% NSC/KVP/LIP
1 to 10 Years Above 2 Lakhs 10.50% NSC/KVP/LIP

Loan Against Fixed Deposit

RPERIOD QUANTAM OF LOAN RATE OF INTEREST SECURITY
1 to 10 Years Upto 1 Lakh 08.75% NSC/KVP/LIP
1 to 10 Years Upto 2 Lakhs 09.75% NSC/KVP/LIP
1 to 10 Years Above 2 Lakhs 10.25% NSC/KVP/LIP

What are the transaction or service charges for RTGS transactions done on Bank?

    RTGS Outward transactions (For Branches) RTGS Charges
    Amount above Rs 2.00 lakh upto Rs 5.00 lakhs Rs 20.00 + Applicable GST
    Amount above Rs 5.00 lakh upto Rs 10.00 lakh Rs 45.00 + Applicable GST

RTGS Timings

    Transaction Timings RTGS
    Tuestday to Saturday (Except Monday) 7:00 AM to 10:30 AM

    Can I make a part pre-payment on my Loan Account through RTGS with Nabapalli Co-Operative Bank Ltd.?

    • Yes,we accept part pre- payment of your Loan through Real Time Gross Settlement (RTGS).

      In case you want to make part pre-payment on your Loan Account through RTGS you need to visit the nearest NPCBL Bank, Nabapalli/Nawpara branch.

      The Service Request number received during branch visit must be mentioned in the remarks column in the RTGS form while making part prepayment through RTGS.


    • Please note that the transactions with invalid request numbers will be rejected.


      • What is the time taken for effecting funds transfer from one account to another under RTGS on Bank?

    • Under normal circumstances the beneficiary branches are expected to receive the funds in real time as soon as funds are transferred by the remitting bank.

      The beneficiary bank has to credit the beneficiary's account within 30 minutes of receiving the funds transfer message.


      • What is the maximum time for returning of RTGS transactions, which could not be credited to beneficiary's account?

    • If the funds are not credited to the beneficiary's account for any reason like account does not exist, account frozen etc., the funds will be returned to the originating bank within one hour or before the end of the RTGS Business day, whichever is earlier.


      • How Real Time Gross Settlement (RTGS) is different from National Electronics Funds Transfer System (NEFT)?

    • NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.

      In DNS, the settlement takes place with all transactions received till the particular cut-off time.

      These transactions are netted (payable and receivables) in NEFT whereas in RTGS the transactions are settled individually.

      Any transaction initiated after a designated settlement time would have to wait till the next designated settlement time Contrary to this,

      in the RTGS transactions are processed continuously throughout the RTGS business hours.


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