TGMC Bank

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Revised Interest Rates of Depoists with effect from 28-01-2023 and Loans from 10-02-2023

Rate Of Interest On Savings Deposit

Particulars	Rate of Interest
Savings Bank Deposit	03.50%

Rate of Interest On Deposits

For Senior Citizens (above 60 years) 0.50% additional interest will be paid, if the deposits are for above 1 year period.

Special Interest Rates On Bulk Deposits for Rs. 50 Lakhs & Above

Interest Rates on Loans

Sl.No	Type of Loan		Rate of Interest
1	Housing Loan	up to Rs. 35,00,000/-	08.00%
		Above Rs.35,00,000/- to Rs.1,40,00,000/-	08.25%
2	Gold Loan		07.60%
3	SSI Loan, Term Loan & Machinery loan		11.50%
4	Cash Credit Loan, Over Draft Loan,		11.50%
5	Loan On Mortgage of Property		11.00%
6	Micro, Small and Medium Enterprise (MSME) Loan		10.00%
7	Joint Loan & Instalment Joint Loan		13.00%
8	Consumable Article Loan		13.50%
9	Pledge Loan	up to Rs. 5 Crore	08.50%
		Rs. 5 Crore and Above	08.50%
10	NSC/LIC/Share/Bonds/ and all other Loans		11.00%
11	Construction of Commercial Building, Loan on Vacant Sites, Loan for Real Estate Business		11.50%
12	Rental Discount Scheme		11.00%
13	Education Loan		12.00%
14	Small Business Loan		18.00%
15	Salary Loan		12.00%
16	Hypothecation Loans
	Personal/Private	Two Wheeler	11.50%
		New vehicle (Car)	08.00%
		Old vehicle	13.00%
	Commercial	New vehicle (Car / Taxi)	08.50%
		New vehicle (Others)	11.50%
		Old vehicle	14.50%

Contact Your Nearest Branch for further details.

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TGMC Bank is Awarded as “Best Managed Urban Co-operative Bank in the State” and Best Urban Co-operative Bank”

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