Savings Bank Deposits
| Deposit Type | Rate of Interest Per Annum w.e.f. 11.08.2025 |
| Revised | |
| Domestic/NRO/ NRE Rupee Savings Bank Deposits | 2.75% |
Domestic Term Deposits
Interest Rates on Domestic Term Deposits of less than Rs. 3.00 Crore w.e.f October 11, 2025
| Maturity Period | Deposit Type | Existing ROI per Annum | Revised ROI per Annum |
|---|---|---|---|
| 7 days to 30 days | Domestic/NRO | 3.50% | 3.50% |
| 31 days to 45 days | Domestic/NRO | 4.00% | 4.00% |
| 46 days to 90 days | Domestic/NRO | 5.00% | 5.00% |
| 91 days to 180 days | Domestic/NRO | 5.25% | 5.00% |
| 181 days to 270 days | Domestic/NRO | 5.80% | 5.80% |
| 271 days to less than 1 year | Domestic/NRO | 6.25% | 6.00% |
| 1 year to less than 2 years | Domestic/NRO/NRE | 6.60% | 6.55% |
| 2 years to 887 days | Domestic/NRO/NRE | 6.75% | 6.75% |
| 888 days | Domestic/NRO/NRE | 7.10% | 7.05% |
| 889 days to less than 3 years | Domestic/NRO/NRE | 6.75% | 6.75% |
| 3 years to less than 5 years | Domestic/NRO/NRE | 6.75% | 6.65% |
| 5 years to 10 years | Domestic/NRO/NRE | 6.50% | 6.60% |
- The above Rates are applicable for fresh Term Deposits and renewal of maturing Term Deposits for amount segment of less than 3.00 Crore .The minimum contract period of NRE Term Deposits is 1 year.
- Minimum Tenure of Domestic and NRO Term deposit is 7 days.
- For Premature withdrawal of Term deposits, Branches may be guided by extant “Comprehensive deposit policy of the bank” for applicable penal rates.
- Domestic Term Deposits of Senior Citizens of over 60 years of age shall continue to earn additional interest rate of 0.50% across all maturities in this segment.
- Domestic Term Deposits of staff members shall continue to earn additional interest rate of 1% across all maturities in this segment.
- Super Senior Citizen of 80 Years and above shall be offered additional 0.25% over and above the existing rates offered to Senior Citizen/Senior Citizen Staff.
- Additional Interest Rates applicable to Super Senior Citizens /Senior citizens/Staff members/Retired Staff members shall not be applicable to NRE/NRO deposits.
Splitting of Term Deposits on the same day and for same tenure to take advantage of higher interest rate is not allowed.
The Interest rates applicable for Withdrawable Term Deposits 3.00 Crore to less than 5.00 Crore w.e.f October 11, 2025 are as under:
| Maturity Period | Deposit Type | Existing ROI per Annum | Revised ROI per Annum |
|---|---|---|---|
| 7 days to 30 days | Domestic/NRO | 4.75% | 4.75% |
| 31 days to 45 days | Domestic/NRO | 5.00% | 5.00% |
| 46 days to 90 days | Domestic/NRO | 5.50% | 5.50% |
| 91 days to 180 days | Domestic/NRO | 6.00% | 5.75% |
| 181 days to 270 days | Domestic/NRO | 6.25% | 6.00% |
| 271 days to less than 1 year | Domestic/NRO | 6.25% | 6.25% |
| 1 year to less than 2 years | Domestic/NRO/NRE | 6.90% | 6.80% |
| 2 years to 887 days | Domestic/NRO/NRE | 6.50% | 6.60% |
| 888 days | Domestic/NRO/NRE | 7.10% | 7.05% |
| 889 days to less than 3 years | Domestic/NRO/NRE | 6.50% | 6.60% |
| 3 years to less than 5 years | Domestic/NRO/NRE | 6.25% | 6.50% |
| 5 years to less than 10 years | Domestic/NRO/NRE | 6.00% | 6.60% |
- The above rates are applicable for fresh Term Deposits and renewal of maturing Term Deposits for amounts of 3.00 Crore to less than 5.00 Crores (withdrawable)
- Minimum tenure of Domestic and NRO Term Deposit is 7 days.
- The minimum contract period of NRE Term Deposits is 1 year.
- For Premature withdrawal of Term deposits, Branches may be guided by extant “Comprehensive deposit policy of the Bank“ for applicable penal rates.
- Domestic Term Deposits of Senior Citizens of over 60 years of age shall continue to earn additional interest rate of 0.50% across all maturities in this segment.
- Domestic Term Deposits of staff members shall continue to earn additional interest rate of 1% across all maturities in this segment.
- Super Senior Citizen of 80 Years and above shall be offered additional 0.25% over and above the existing rates offered to Senior Citizen/Senior Citizen Staff.
- Additional Interest Rates applicable to/Senior citizens/Staff members/Retired staff members/Super Senior Citizens shall not be applicable to NRE/NRO deposits.
- Splitting of Term Deposits on the same day and for same tenure to take advantage of higher interest rate is not allowed.
The Interest rates applicable for Non-Withdrawable Term Deposits 3.00 Crore to less than 5.00 Crore w.e.f October 11,2025 are as under:
| Maturity Period | Deposit Type | Existing ROI per Annum | Revised ROI per Annum |
|---|---|---|---|
| 91 days to 180 days | Domestic/NRO | 6.10% | 5.85% |
| 181 days to 270 days | Domestic/NRO | 6.35% | 6.10% |
| 271 days to less than 1 year | Domestic/NRO | 6.35% | 6.35% |
| 1 year to less than 2 years | Domestic/NRO/NRE | 7.00% | 6.90% |
| 2 years to 887 days | Domestic/NRO/NRE | 6.60% | 6.70% |
| 888 days | Domestic/NRO/NRE | 7.20% | 7.15% |
| 889 days to less than 3 years | Domestic/NRO/NRE | 6.60% | 6.70% |
- The above rates are applicable for Non-withdrawable fresh Term Deposits and renewal of maturing Term Deposits.
- The minimum contract period of NRE Term Deposits is 1 Year.
- Non-withdrawable Term Deposit shall not be allowed the facility of premature withdrawal /partial withdrawal/sweep in. However, the Bank may allow premature withdrawal of these deposits in the exceptional circumstance such as in the event of any direction from any judiciary /statutory and / or regulatory authorities or deceased claim settlement cases.
- The minimum tenure of the deposit is 91 days and maximum tenure less than 3 years.
- The above rates are applicable for Term Deposits with minimum size of 3.00 Crores.
- Auto renewal facility shall not be available for Non-Withdrawable Term Deposit.
- Business Units should specifically write on TDR that premature withdrawal facility is not available for this deposit.
- Non-Withdrawal Term Deposits shall not be offered to Staff/Senior Citizens/Super Senior Citizens.
Interest Rates on Single Domestic, NRE & NRO Rupee NON-WITHDRAWABLE Term Deposits of above 1.00 Crores to less than 3.00 Crores w.e.f August 11, 2025 are as under:
| Maturity Period | Deposit Type | Existing ROI per Annum | Revised ROI per Annum |
|---|---|---|---|
| 888 days | Domestic/NRO/NRE | 7.20% | 7.15% |
- The above rates are applicable for non-withdrawable fresh Term Deposits and renewal of maturing Term Deposits.
- Non-withdrawable Term Deposits shall not be allowed premature withdrawal /partial withdrawal/sweep-in facility. However, the Bank may allow premature withdrawal of these deposits in the exceptional circumstance such as in the event of any direction from any judiciary /statutory and / or regulatory authorities or deceased claim settlement cases.
- The above rates are applicable for Term Deposits with minimum size of above 1.00 Crores.
- Auto renewal facility shall not be available for Non-Withdrawal Term Deposit.
- Branches should specifically write on TDR that premature withdrawal facility is not available for this deposit.
- Non-Withdrawal Term Deposits shall not be offered to Staff/Senior Citizens/Super Senior Citizens.
Bulk Deposit Rates Callable & Non Callable
Loans and Advances
| Benchmark | Existing ROI | Revised ROI w.e.f 12 August, 2025 |
| Base Rate | 9.50% | 9.45% |
| PLR | 15.00% | 14.95% |
MCLR
| Maturity Period (w.e.f October 10, 2025) | MCLR % |
|---|---|
| Overnight | 8.05 |
| One month | 8.15 |
| Three months | 8.25 |
| Six months | 8.65 |
| One year | 8.80 |
| Two years | 9.25 |
| Three years | 9.30 |
Housing Loan Repo Linked Lending Rate (HLRLLR)
| Rate Type | Rate of Interest | Policy Repo Rate | Spread |
|---|---|---|---|
| Housing Loan Repo Linked Lending Rate (HLRLLR) | 8.10% | 5.50% | 2.60% |
Following schedule will be followed for arriving at applicable MCLR of the loan:
| Floating rate Loans with reset linked to review of MCLR | |
| Loan tenor/ Residual Loan Tenor | Applicable MCLR |
| Upto & including 1 month | 1 month MCLR |
| above 1 month upto & including 3 months | 3 month MCLR |
| above 3 month upto & including 6 months | 6 month MCLR |
| above 6 months | 1 year MCLR |
| For all kinds of fund based working capital facilities including ad-hocs/ TODs applicable MCLR will be 1 year MCLR | |
| Applicable MCLR in case of fixed rate loans | |
| Loan tenor/ Residual Loan Tenor | Applicable MCLR |
| Upto & including 1 month | 1 month MCLR |
| above 1 month upto & including 3 months | 3 month MCLR |
| above 3 month upto & including 6 months | 6 month MCLR |
| above 6 months upto & including 1 year | 1 year MCLR |
| Above 1 year upto & including 2 year | 2 year MCLR |
| Above 2 years | 3 year MCLR |
| The interest rate however will remain fixed for entire tenor of loan | |
Reset linked to date of disbursement/ renewal/ review of credit facility
In case of loans with reset clause, applicable MCLR will be determined by the frequency of reset prescribed in the sanction letter for the particular loan and will be applicable as per below structure:-
| Reset Frequency from date of 1st disbursement/ renewal/ review | Applicable MCLR |
| 1 Month | 1 month MCLR |
| 3 Month | 3 month MCLR |
| 6 Month | 6 month MCLR |
| 1 year | 1 Year MCLR |
INTEREST RATE STRUCTURE
| Scheme/ Segment | Applicable Interest Rate | Fixed/Floating | ||
| Agriculture & Allied Activities | ||||
| Up to Rs.15.00 lacs | 1 Year MCLR + 1.50% | Floating | ||
| Rs.15.00 lacs and above | Applicable MCLR + Spread (As per internal Rating Grade) | |||
| J&K Bank Loan Scheme for Farmer Producer Organizations (FPOs) | ||||
| Up to Rs.15.00 lacs | 1 Year MCLR + 1.50% | Floating | ||
| Rs.15.00 lacs and above | Applicable MCLR + Spread (As per internal Rating Grade) | |||
| Kisan Dost Finance Scheme | 1 Year MCLR+2.00% | Floating | ||
| Other Consumer Loans | 3 Year MCLR+3.00% | Fixed | ||
| JK Bank Laptop/PC Finance | 3 Year MCLR+2.50% | Fixed | ||
| JK Bank Solar Lighting & Photo Voltaic Finance | 3 Year MCLR+3.00% | Fixed | ||
| J&K Bank Personal Consumption Loan | 3 Year MCLR+3.00% | Fixed | ||
| to | ||||
| 3 Year MCLR+4.00% | ||||
| J&K Bank Aasayish Finance Scheme | ||||
| Up to Rs.2.00 lacs | 3 Year MCLR+2.50% | Fixed | ||
| Rs.2.00 lacs and above | 3 Year MCLR+4.50% | Fixed | ||
| Festival Advance Scheme | 3 Year MCLR+3.50% | Fixed | ||
| Cash Credit scheme for Salaried Employees | 1 Year MCLR+3.50% | Fixed | ||
| Modular Kitchen Finance | ||||
| For Salaried Employees | 3 Year MCLR+3.00% | Fixed | ||
| For Others | 3 Year MCLR+3.50% | Fixed | ||
| J&K Bank High density plantation Scheme for Apple, Walnut, Almond, Cherry, Mango, Litchi, Olive etc. | ||||
| Upto Rs.15.00 lakhs | 1 Year MCLR+1.50% | Fixed | ||
| Above Rs.15.00 Lakhs | Applicable MCLR + | Fixed | ||
| Spread (As per internal Rating Grade) | ||||
| Sher-e-Kashmir Employment & Welfare Programme for the Youth of J&K (Seed Capital Fund Scheme) | ||||
| For credit facilities (both WC & TL) sponsored by JKEDI | 1 Year MCLR+0.50% | Fixed | ||
| Loan Amount sanctioned by the Bank in addition to credit facilities sponsored by JKEDI | 1 Year MCLR+3.50% | Fixed | ||
| Centrally Sponsored scheme for integrated development of small Ruminants & rabbits | ||||
| Upto Rs 2 lacs | 1 Year MCLR +1.25% | Floating | ||
| Above Rs 2 lacs & Upto Rs 5.00 lacs | 1 Year MCLR +1.75% | Floating | ||
| Above Rs 5.00 lacs | 1 Year MCLR +2.25% | Floating | ||
| J&K Bank Mini Sheep Farm Scheme | 1 Year MCLR+1.50% | Floating | ||
| Loans and advances to Commercial Real Estate Sector (CRE)/ J&K Bank Commercial Premises Finance scheme | ||||
| Less than Rs.15.00 lacs | 1 Year MCLR+3.25% | Floating | ||
| 15 lacs and above | Applicable MCLR + Spread (As per internal Rating Grade) | |||
| Differential Rate of Interest | 4% | Fixed | ||
| JK Bank Loan against Gold and Jewellery | ||||
| Upto Rs 10 Lakhs | 1 Year MCLR+2.00% | Floating | ||
| Above Rs 10 Lakhs | 1 Year MCLR+1.50% | Floating | ||
| J&K Bank Help Tourism Scheme | 3 Year MCLR | Fixed | ||
| Agriculture Infrastructure Fund | ||||
| Upto Rs. 2 Crores | 6 Month MCLR+1% (Subject to Maximum of 9%) | Floating | ||
| Above Rs. 2 Crores | 6 Month MCLR + Spread as per Internal Rating | Floating | ||
| Integrated Dairy Development/ Poultry Development/ Sheep Development/ Feed & Fodder Development Scheme | ||||
| Upto Rs.15.00 lakhs | 1 Year MCLR+2.00% | Floating | ||
| Above Rs.15.00 Lakhs | 1 Year MCLR + Spread (As per internal Rating Grade) | |||
| PM Formalisation of Micro Food Processing Enterprises (PMFME) Scheme | ||||
| Upto Rs.15.00 lakhs | 1 Year MCLR+1.50% | Floating | ||
| Above Rs.15.00 Lakhs | 1 Year MCLR + Spread (As per internal Rating Grade) | |||
External Benchmark/ Repo Linked Lending Rate (RLLR)
| Rate Type | Rate of Interest | Policy Repo Rate | Spread |
|---|---|---|---|
| Repo Linked Lending Rate (RLLR) | 8.45% | 5.50% | 2.95% |
| Segment/Scheme | Applicable Interest Rate | Fixed/ Floating |
| Micro Small & Medium Enterprises (MSME) | ||
| Up to Rs. 15.00 lacs | RLLR+2.50% | Floating |
| Rs.15.00 lacs & above | RLLR + Spread (As per internal rating) | Floating |
| Trade | ||
| Up to Rs. 15.00 lacs | RLLR+3.00% | Floating |
| Rs.15.00 lacs & above | RLLR + Spread (As per internal rating) | Floating |
| Animal Husbandry Infrastructure Development Fund (AHIDF) | ||
| For MSME's | RLLR+1.50% | Floating |
| For All others | RLLR + Spread (As per internal rating) | Floating |
| J&K Bank Health Plus Scheme | RLLR+2.00% | Floating |
| J&K Bank Scheme for Financing Women Entrepreneurs | ||
| Up to Rs. 15.00 lacs | RLLR+2.50% | Floating |
| Rs.15.00 lacs & above | RLLR + Spread (As per internal rating) | Floating |
| PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) | RLLR+2.75% | Floating |
| Stand Up India Scheme | ||
| Up to Rs. 15.00 lacs | RLLR+1.50% | Floating |
| Rs.15.00 lacs & above | RLLR + Spread (As per internal rating but shall not exceed 3.50%) | Floating |
| Housing Loans(excluding Housing Loans under CRE & Home Loan-Top Up Finance Scheme) | HLRLLR -35 BPS To HLRLLR+75 BPS | Floating |
| Housing Loans under CRE | RLLR+3.50% | Floating |
| Home Loan-Top Up Finance Scheme | RLLR+2.00% | Floating |
| Car Loans (Fresh Cars) | ||
| For Borrowers Opting for Floating Rate | ||
| Individual(s)/ Firms/ Companies/ other Non-Individual Entities | RLLR+0.75% | Floating |
| For Borrowers Opting for Fixed Rate | ||
| Individual(s)/ Firms/ Companies/ other Non-Individual Entities | RLLR + 0.25% | Fixed |
| Car Loans (2nd Hand Cars) | ||
| For a period up to 4 years | RLLR +3.75% | Fixed |
| For a period exceeding 4 years | RLLR +4.75% | Fixed |
| Education Loans | ||
| Up to Rs. 7.50 lakhs | RLLR+ 2.00% | Floating |
| Above 7.50 lakhs | RLLR +1.50% | Floating |
| JK Bank Contractor Finance Scheme | ||
| Up to Rs.15.00 lacs | RLLR +2.50% | Floating |
| Rs.15.00 lacs & above | RLLR + Spread (As per internal rating) | Floating |
| J&K Bank Oil Tanker Finance Scheme | RLLR +1.00% | Floating |
| Bank finance for sale & manufacture of Gold ornaments/ Jewellery | ||
| Up to Rs.15.00 lacs | RLLR +3.50% | Floating |
| Above Rs.15.00 lacs | RLLR + Spread (As per internal rating) | Floating |
| JK Bank Fair Price Shop Scheme | ||
| For all limits (maximum Finance as per scheme Rs.10.00 lacs) | RLLR +3.00% | Floating |
| JK Bank Easy Working Capital Finance Scheme for Trade & Services Sector | ||
| All Slabs | RLLR +1.50% | Floating |
| Loan Against Property (LAP) | ||
| Individual Borrower / Non Individuals | RLLR+1.50% To RLLR +2.00% | Floating |
| JK Bank Easy WC finance for textile traders of Surat | RLLR + 2.00% | Floating |
| Working capital facilities against mortgage backed securities under special scheme for iron & Steel traders of Loha Mandi, Naraina | ||
| For accounts having minimum forced sale value of collateral security at 125% of sanction limit | RLLR +0.75% | Floating |
| For accounts having minimum forced sale value of collateral security at 100% of sanction limit | RLLR +1.50% | Floating |
| Mortgage Loan Scheme for traders of Petrochemical Products (Plastic Granules) and grain traders of Saddar Bazar Delhi | RLLR +1.00% | Floating |
| Startup Finance Scheme | RLLR | Floating |
| Start Again-Finance scheme for retired employees | ||
| Loans upto Rs 15.00 lac | RLLR | Floating |
| Loans above Rs 15.00 lac | RLLR + Spread (As per internal rating) | Floating |
| Two wheeler loans | ||
| For Borrowers Opting for Fixed Rate | RLLR +2.50% | Fixed |
| For Borrowers Opting for Floating Rate | RLLR +2.25% | Floating |
| JK Bank Construction Equipment finance | RLLR + 1.25% | Floating |
| Technology Upgradation Fund Scheme for MSEs. | ||
| Micro enterprises (as per MSE) | RLLR +2.75% | Floating |
| Small enterprises (as per MSE) | RLLR +3.25% | Floating |
| Muhafiz Finance Scheme | RLLR | Floating |
| Sahafat Fianance Scheme | ||
| Term Loan | RLLR +3.10% | Floating |
| Cash Credit | RLLR +3.10% | Floating |
| Coaching Fee Loan Scheme | RLLR +2.00% | Floating |
| J&K Bank Karobar Finance Card | RLLR +1.00% | Floating |
| J&K Bank Weavers Mudra Scheme | RLLR +3.00% | Floating |
| Loans Against Rental Discounting (LRD) | RLLR +3.50% | Floating |
| Loans to land lords for construction of premises for Bank’s use | RLLR +2.50% | Floating |
| Supply Chain Finance Scheme (SCFS) | ||
| Collateral Security Cover (50% up to 75%) | RLLR +1.30% | Floating |
| Collateral Security Cover (Above 75%) | RLLR +0.80% | Floating |
| Loans against the security of:- | ||
| Life Insurance policies, Postal securities (NSCs, KVPs) and other permitted Government securities | RLLR +4.00% | Fixed |
| Shares/ convertible debentures and other equity linked permitted securities | RLLR +6.50% | Fixed |
| Advances under Special Scheme (Mortgage Loan) for Fruit Commission Agents of J&K | RLLR +1.50% | Floating |
| Mortgage loan scheme for Traders of Agricultural Produce | RLLR +1.50% | Floating |
| J&K Bank Commercial Vehicle Finance | ||
| For Fresh Borrowers | RLLR + 1.25% | Floating |
| JK Bank Commercial Vehicle Finance Scheme for (used vehicles) | ||
| For loans with tenor upto 04 years | RLLR + 4.50% | Fixed |
| For loans with tenor above 04 years | RLLR + 5.00% | Fixed |
| J&K Bank Saral Finance To Small Businessmen | RLLR + 3.50% | Fixed |
| Passenger Buses for Schools/Educational Institutions at fixed rate with repayment of the loan | RLLR + 1.75% | Floating |
| JK Bank Dastkaar Finance | RLLR + 1.75% | Fixed |
| Skill Loan Scheme | RLLR + 1.50% | Floating |
| J&K Rural Employment Generation Programme (JKREGP) | RLLR + 2.50% | Floating |
| Prime Minister’s Employment Generation Program Scheme (PMEGP) | RLLR + 2.50% | Floating |
| Loans under Government sponsored schemes. | RLLR + 3.00% | Floating |
| Mission Youth: Spurring Entrepreneurship Initiative | ||
| Up to Rs. 15.00 lacs | RLLR+3.50% | Floating |
| Rs.15.00 lacs & above | As per Internal Rating | |
| Commercial Vehicle Finance Under Mumkin Initiative Of Mission Youth | 3Y MCLR + 1.00% | Fixed |
| Mission Youth; Reimagining and Rediscovering the Paradise Scheme | RLLR+3.50% | Floating |
| Mission Youth; Customized Livelihood Generation Scheme for Dental Professionals | RLLR+3.50% | Floating |
Note:
Applicable interest rates & Concessions (if any) shall be in line with extant scheme guidelines of the Bank as updated from time to time.
| (I) Loan Against Bank’s Own Term Deposits (including NRE & NRO Rupee Term Deposits) to DEPOSITORS | ||
| Nature of facility | Margin | Rate of Interest |
| Loans and advances against bank’s own Term Deposits (including NRE & NRO Term Deposits) standing in the name of the borrower. [Singly, jointly or as guardian , or in the name of partnership firm, Public/Private Ltd Company Trusts or Societies] | 10% for advances against term deposits having residual maturity upto 5 (five) years as on date of advance | 1.50% above the rate allowed on deposit. |
| 15% for advances against term deposits having residual maturity of more than 5 (five) years as on date of advance | ||
| (II) Loan Against Bank’s Own Term Deposits (including NRE & NRO Rupee Term Deposits) to THIRD PARTY | ||
| Nature of facility | Margin | Rate of Interest |
| Loans and Advances to Individual borrowers against third party term deposits (including NRE & NRO Term Deposits) standing in the name of individuals or entities other than individuals e.g. Partnership Concerns, Societies, Trusts, Public/ Private Ltd Companies etc. | 10% for advances against term deposits having residual maturity upto 4 (four) years as on date of advance | 2.00% above the rate allowed on term deposit OR Applicable MCLR, whichever is higher |
| 15% for advances against term deposits having residual maturity of more than 4 (four) years but not more than 6 (six) years as on date of advance. | ||
| 20% for advances against term deposits having residual maturity of more than 6 (six) years as on date of advance. | ||
| Loans & Advances to entities other than individuals e.g. Partnership Concerns, Societies, Trusts, Public/Private Ltd Companies etc. against third party Term Deposits ((including NRE & NRO Term Deposits) standing in the name of individual or entities other than individuals e.g. Partnership Concerns, | 10% for advances against term deposits having residual maturity upto 3 (Three) years as on date of advance | 2.00% above the rate allowed on term deposit OR Applicable MCLR + 1.00%, whichever is higher. |
| 15% for advances against term deposits having residual maturity of more than 3 (three) years but not more than 5 (five) years as on date of advance. | ||
| 20% for advances against term deposits having residual maturity of more than 5 (five) years but not more than 7 (seven) years as on date of advance. | ||
| (III) Loan Against Inter-bank’s Term Deposits | ||
| Loans & Advances to Scheduled Commercial banks, Co- operative banks and RRB’s against their own term deposits with our bank | 10% | 1.00% above the rate allowed on term deposit |
Interest rate range of contracted loans for the quarter ending Dec, 2022 for different categories of advances granted to individual borrowers along with mean interest rates for such loans.
| GL_SUBHEAD CODE | GL Desc | SCHM_CODE | No. of Accounts | Interest rate range | Mean/Average | Weighted Average/ Weighted Mean |
| 26530 | Consumption Loan (Public) | CNOTH | 21978 | 8.50-13.20 | 11.72 | 11.72 |
| 26550 | Housing Loan (Public) | HLOTH | 3500 | 8.00-12.70 | 9.16 | 9.21 |
| 26630 | Education Loans | EDULA | 593 | 8.25-11.95 | 9.97 | 10.45 |
| 26524 | Car Loan Public | JKCAR | 6897 | 8.35-18.45 | 9.67 | 9.86 |
| 02102 | J&K Bank Cash Credit - Govt Empl. | CCGEM | 3768 | 8.25-12.00 | 11.37 | 11.67 |
| 26544 | JK Bank Comm Vech FIN | JKCMF | 688 | 8.85-12.35 | 10.86 | 11.33 |
| 26585 | Used Car Loan | USCAR | 229 | 8.35-13.95 | 12.62 | 13.71 |
| 26610 | Transport Loans | TRPLA | 1177 | 9.35-12.45 | 10.85 | 11.09 |
| 02050 | CC Contractor Finance | CCONT | 18 | 8.50-12.70 | 11.98 | 11.56 |
| 26510 | Consumer Loans (Public) | COTHS | 1989 | 8.25-12.70 | 11.52 | 12.00 |
| 26514 | Two Wheeler Finance | JKTWF | 1942 | 8.25-11.70 | 10.65 | 10.91 |
| 02014 | Mortgage Loan Trade / Service | CCMRT | 52 | 9.45-12.70 | 11.07 | 10.87 |
| 26800 | Loan Against Mortgage | LAMRT | 328 | 8.50-12.20 | 10.80 | 11.05 |
Annual Percentage Rate:
| GL Desc | SCHM_CODE | Interest rate range | Processing Charges | Expected Average Maturity (in Years) | Average per year | Annual Percentage Rate |
| Consumption Loan (Public) | CNOTH | 12.10-13.35 | 1.00% of loan amount +GST (Max 10000) | 5 | 0.20 | 12.30-13.55 |
| Housing Loan (Public) | HLOTH | 8.75-9.85 | 0.25% of loan amount +GST (Min 2000 & Max 50000) | 15 | 0.02 | 8.77-9.87 |
| Education Loans | EDULA | 9.95-12.95 | NA | NA | 9.95-12.95 | |
| Car Loan Public | JKCAR | 8.95-9.95 | 0.50% of loan amount +GST (Min 1500 & Max 15000) | 5 | 0.10 | 9.05-10.05 |
| J&K Bank Cash Credit - Govt Empl. | CCGEM | 12.15-12.35 | 0.25% of loan amount +GST (Min 500 & Max 1000) | 1 | 0.25 | 12.40-12.60 |
| JK Bank Comm Vech. FIN | JKCMF | 10.70 | 0.50% of loan amount +GST (Min 2500 & Max 25000) | 5 | 0.10 | 11.70 |
| Construction equipment | 10.70 | 0.50% of loan amount +GST (Min 2500 & Max 25000) | 5 | 0.10 | 11.70 | |
| CC Contractor Finance | CCONT | 10.55-15.45 | 0.15 % of loan amount +GST (Min 300) & 0.25% of loan amount + GST (Max 15.00 lacs) | 1 | 0.15 | 11.60-15.60 |
| Consumer Loans (Public) | COTHS | 12.35 | Min 250+GST Max 500+GST | 5 | 0.01 | 12.36 |
| Two Wheeler Finance | JKTWF | 11.70-11.95 | 1.00% of loan amount +GST (Min 500 & Max 2000) | 5 | 0.20 | 11.90-12.15 |
| Mortgage Loan Trade / Service | CCMRT | 10.95-11.45 | 0.15% of loan amount +GST (Min 300) 0.25% of loan amount +GST (Max 15.00 lacs) | 1 | 0.15 | 11.10-11.60 |
| Loan Against Mortgage | LAMRT | 10.95-11.45 | 0.25% of loan amount +GST (Max 500000) | 10 | 0.03 | 10.98-11.48 |
Interest rates on NRI deposits
The interest rates applicable on FCNR (B) deposits w.e.f Oct. 10, 2025 shall be as under:
| Period | USD | GBP | EUR | JPY* | CAD* | AUD* |
|---|---|---|---|---|---|---|
| 1 Year to < 2 Years | 4.80 | 4.25 | 2.75 | 0.00 | 3.45 | 3.30 |
| 2 Years to < 3 Years | 3.90 | 3.40 | 2.35 | 0.00 | 2.70 | 2.80 |
| 3 Years to < 4 Years | 3.65 | 3.25 | 0.60 | 0.00 | 2.70 | 2.80 |
| 4 Years to < 5 Years | 3.40 | 3.25 | 0.60 | 0.00 | 0.00 | 0.00 |
| 5 Years | 3.40 | 3.25 | 0.60 | 0.00 | 0.00 | 0.00 |
*Deposits in JPY, CAD & AUD to be accepted for a maximum period of 3 years only.
The interest rates applicable on RFC deposits w.e.f Oct. 10, 2025 shall be as under:
| Period | USD | GBP | EUR | JPY |
|---|---|---|---|---|
| 1 Month < 6 Months | 2.06 | 1.99 | 0.00 | 0.00 |
| 6 Month < 1 Year | 1.92 | 2.12 | 0.00 | 0.00 |
| 1 Year < 2 Years | 4.80 | 4.25 | 2.75 | 0.00 |
| 2 Years < 3 Years | 3.90 | 3.40 | 2.35 | 0.00 |
| 3 Years | 3.65 | 3.25 | 0.60 | 0.00 |
RFC Saving Deposits
The interest rates applicable on RFC Saving deposits w.e.f Octt. 10, 2025 shall be as under:
| Currency | USD | GBP | EUR | JPY |
|---|---|---|---|---|
| Saving Interest Rate | 0.52 | 0.50 | 0.00 | 0.00 |
The revised interest rates shall be applicable on fresh deposits and renewal of maturing deposits.
