The Board of Directors has approved revised rate of interest of loans and advances of the Bank in the Board meeting held on 18.04.2023. Revised rate of interest will come into force with effect from 01.05.2023. Any concession in the interest rate under MCLR system can be given by the competent authority as per guidelines in Bank’s Policy.
Sl.No.  Applicable  Applicable 
1  Overnight MCLRi.e.  8.80% 
2  1 month MCLRi.e. MCLRM  8.85% 
3  3 month MCLRi.e. MCLRQ  8.90% 
4  6 month MCLRi.e. MCLRH  8.95% 
5  1 year MCLRi.e. MCLRY  9.00% 
Sl. No.  Scheme type  Existing Rate of Interest  Revised Rate of Interest  Scheme code  
A  Agriculture Advance 

 LA103, LA104, LA121, LA105, LA116, LA124, LA125, OD003, CCAGR, LA123, CCAKC  
i.  Loan limit up to Rs.50,000/  MCLRY + 3.9 % i.e.12.5%  MCLRY + 3.7 % i.e.12.7%  
ii.  Loan limit above Rs.50,000/ to Rs. 2,00,000/  MCLRY + 4.4 % i.e. 13%  MCLRY + 4.2 % i.e. 13.2%  
iii.  Loan limit above Rs.2,00,000/ to Rs. 10,00,000/  MCLRY + 4.9 % i.e. 13.5%  MCLRY + 4.7 % i.e. 13.7%  
iii.  Loan limit above Rs. 10,00,000/ to Rs. 25,00,000/  MCLRY + 3.9 % i.e. 12.5%  MCLRY + 3.7 % i.e. 12.7%  
iv  Limit above 25.00 lacs 
 
a  MRBCR0  MCLRY + 2.4 % i.e. 11%  MCLRY + 2.2 % i.e. 11.2%  
b  MRBCR1  MCLRY + 2.9 % i.e. 11.5%  MCLRY + 2.7 % i.e. 11.7%  
c  MRBCR2  MCLRY + 3.4 % i.e. 12%  MCLRY + 3.2 % i.e. 12.2%  
d  MRBCR3  MCLRY + 3.9 % i.e. 12.5%  MCLRY + 3.7 % i.e. 12.7%  
e  MRBCR4  MCLRY + 4.4 % i.e. 13%  MCLRY + 4.2 % i.e. 13.2%  
f  MRBCR5  MCLRY + 5.4 % i.e. 14%  MCLRY + 5.2 % i.e. 14.2%  
Note: 



 
I. Bank will charge interest on all direct agricultural advances on halfyearly basis. However, interest on current dues, i.e. Crop Loans & Installments not falling due in respect of Term Loans should not be compounded.  
II. When Crop Loan or instalment under Term Loan becomes overdue, outstanding interest to be added to the principal and interest would be compounded. However, total interest debited to an account should not exceed the principal amount in respect of Short Term Agricultural Advances to Small & Marginal Farmers  
III. In case of Short Term loan (Crop loan and WC loans for animal husbandry and fisheries activities) up to Rs. 3.00 Lakh per farmer (subject to maximum of Rs.2.00 lakh per farmer for WC loans for AH &F activities), the applicable rate of Interest shall be 7% payable as per norms on due date. Concession in Rate of Interest by 3.00% for timely repayment of bank dues in terms of Government directives will also continue. However, if the loan is not repaid within the due date (overdue accounts with limit up to Rs. 3.00 Lakh) and where interest subvention is not eligible, normal rate of interest (MCLR linked loan quantum wise rate) for agricultural advances after due date till recovery will be applicable.  
B  Advance to MSME (TL/CC) 
 LA210, LA215, LA206, LA204, LA207, LA218, LA410, LASEC, CCOTH, CC002, CC112, CC110, SBREG, SB201, SBFIG  
i.  Loan limit up to Rs.2,00,000/  MCLRY + 4.9 % i.e. 13.5%  MCLRY + 4.7 % i.e. 13.7%  
ii.  Loan limit above Rs.2,00,000/ to Rs. 10,00,000/  MCLRY + 5.2 % i.e. 13.8%  MCLRY + 5.0 % i.e. 14%  
iii  Loan limit above Rs.10,00,000/ to Rs. 25,00,000/  MCLRY + 5.4 % i.e. 14%  MCLRY + 5.2 % i.e. 14.2%  
v  Limit above 25.00 lacs 

 
a  MRBCR0  MCLRY + 2.9 % i.e. 11.5%  MCLRY + 2.7 % i.e. 11.7%  
b  MBRCR1  MCLRY + 3.4 % i.e. 12%  MCLRY + 3.2 % i.e. 12.2%  
c  MRBCR2  MCLRY + 3.9 % i.e. 12.5%  MCLRY + 3.7 % i.e. 12.7%  
d  MRBCR3  MCLRY + 4.4 % i.e. 13%  MCLRY + 4.2 % i.e. 13.2%  
e  MRBCR4  MCLRY + 4.9 % i.e. 13.5%  MCLRY + 4.7 % i.e. 13.7%  
f  MRBCR5  MCLRY + 5.4 % i.e. 14.5%  MCLRY + 5.7 % i.e. 14.7%  

 
C  Term loan/Cash Credit (Non schematic and Non priority ) 

 
i.  Loan limit up to Rs.50,000/  MCLRY + 4.9 % i.e. 13.5%  MCLRY + 4.7 % i.e. 13.7%  
ii.  Loan limit above Rs.50,000/ to Rs. 2,00,000/  MCLRY + 5.4 % i.e. 14%  MCLRY + 5.2 % i.e. 14.2%  
iii.  Loan limit above Rs.2,00,000/ to Rs. 10,00,000/  MCLRY + 5.9 % i.e. 14.5%  MCLRY + 5.7 % i.e. 14.7%  
iv.  Loan limit above Rs.10,00,000/ to Rs. 25,00,000/  MCLRY + 6.4 % i.e. 15%  MCLRY + 6.2 % i.e. 15.2%  
v  Limit above 25.00 lacs 

 
a  MRBCR0  MCLRY + 3.9 % i.e. 12.5%  MCLRY + 3.7 % i.e. 12.7%  
b  MBRCR1  MCLRY + 4.4 % i.e. 13%  MCLRY + 4.2 % i.e. 13.2%  
c  MRBCR2  MCLRY + 4.9 % i.e. 13.5%  MCLRY + 4.7 % i.e. 13.7%  
d  MRBCR3  MCLRY + 5.4 % i.e. 14%  MCLRY + 5.2 % i.e. 14.2%  
e  MRBCR4  MCLRY + 5.65 % i.e. 14.75%  MCLRY + 5.95 % i.e. 14.95%  
f  MRBCR5  MCLRY + 5.9 % i.e. 15%  MCLRY + 6.2% i.e. 15.2%  

 
D  Housing Loan Scheme (FLOATING) ( Irrespective of amount and repayment period ) 


TLPHL, LAAHL  
i.  CIBIL score – 650 to 699  MCLRY +0.4 % i.e. 9%  MCLRY +0.9 % i.e. 9.9%  
ii.  CIBIL score 700 to 749 Or (1) No credit history  MCLRY +0.15 % i.e. 8.75%  MCLRY 0.1 % i.e. 8.9%  
iii.  CIBIL score 750 to 799  MCLRY – 0.10 % i.e. 8.50%  MCLRY – 0.20 % i.e. 8.80%  
iv.  CIBIL score 800 and above  MCLRY – 0.35 % i.e. 8.25%  MCLRY – 0.4 % i.e. 8.6%  
v.  MRB Staff Housing loan  6.5% simple interest (fixed)  6.5% simple interest (fixed)  TLSHS  

 
E  Loan to SHG (Floating) 

 CC102, CC103, LA222,  
i.  Loan limit up to Rs.2,00,000/  MCLRY + 3.9 % i.e. 12.5%  MCLRY + 3.7 % i.e. 12.7%  
ii.  Loan limit above Rs.2,00,000/ to Rs. 10,00,000/  MCLRY + 4.4 % i.e. 13%  MCLRY + 4.2 % i.e. 13.2%  
iii  Loan limit above Rs.10,00,000/ to Rs. 25,00,000/  MCLRY + 4.9 % i.e. 13.5%  MCLRY + 4.7 % i.e. 13.7%  
iv  Limit above 25.00 lacs 

 
a  MRBCR0  MCLRY + 2.9 % i.e. 11.5%  MCLRY + 2.7 % i.e. 11.7%  
b  MBRCR1  MCLRY + 3.4 % i.e. 12%  MCLRY + 3.2 % i.e. 12.2%  
c  MRBCR2  MCLRY + 3.9 % i.e. 12.5%  MCLRY + 3.7 % i.e. 12.7%  
d  MRBCR3  MCLRY + 4.4 % i.e. 13%  MCLRY + 4.2 % i.e. 13.2%  
e  MRBCR4  MCLRY + 4.9 % i.e. 13.5%  MCLRY + 4.7 % i.e. 13.7%  
f  MRBCR5  MCLRY + 5.9 % i.e. 15%  MCLRY + 6.2 % i.e. 15.2%  
Note: In case of loans up to Rs. 3.00 Lakh sanctioned to NULM/NRLM (Imphal East and Chandel District) compliant women SHGs the applicable rate of interest shall be 7.00% (fixed) For loans above Rs.3.00 lakh to Rs.5.00 Lakh sanctioned to NRLM (Imphal East and Chandel District) compliant women SHGs the applicable rate of interest shall be MCLRY i.e 9.0% at present.. In case the borrower fails to repay the loan instalments in time and the account becomes overdue, normal rate of interest as mentioned in the above table shall be applicable  LASG7 , LA405 CC102, CC103,
 

 
F  Loan to Anganwadi workers & Helpers  MCLRY + 5.4 % i.e. 14%  MCLRY + 5.2 % i.e. 14.2%  LA519  
G  Loan against own Term deposits of the Bank. 

 LA602, OD002, LA008  
i  Loan to deposit holder 
 1% above interest on concerned deposit  
ii  Loan against third party deposit having minimum margin 25% 
 2% above interest on concerned deposit  
H  Loan against NSC,KVP ,IVP and LICI policy  MCLRY + 3.4 % i.e. 12%  MCLRY + 3.2 % i.e. 12.2%  LA403  
I  Personal Loan /Consumer durables loan 
 TLPCL, LA518  
i. For salary credited at MRB/PNB  MCLRY + 2.9 % i.e. 11.5%  MCLRY + 3 % i.e. 12%  
ii. For salary credited at other Bank  MCLRY + 4.4 % i.e. 13%  MCLRY + 6 % i.e. 15%  
J  MRB car loan 

 
i.  Staff  5.5% simple interest (fixed)  5.5% simple interest (fixed)  TLSVL  
ii.  Other than staff  MCLRY + 0.4 % i.e. 9%  MCLRY + 0.5 % i.e. 9.5%  TLPVL  
K  Clean Overdraft 

 
i.  Staff  MCLRY i.e. 8.6%  MCLRY i.e. 9%  ODSCL  
ii.  Other than staff  MCLRY + 6.4 % i.e.15%  MCLRY + 9 % i.e.18%  ODGEN  
L  Loan to Landlord of Branch premises  MCLRY + 4.4 % i.e. 13%  MCLRY + 4.2 % i.e. 13.2%  LA502  
M  Education loan 
 TLRED  
i  Upto Rs.7,50,000/  MCLRY + 0.9 % i.e. 9.5%  MCLRY + 0.7 % i.e. 9.7% 
 
ii  Above Rs.7,50,000/  MCLRY + 1.4 % i.e. 10%  MCLRY + 1.2 % i.e. 10.2% 
 
iii  Concession for girl student 

 
N  eRickshaw and three wheeler auto loan (of all fuel types) upto Rs.5,00,000/  MCLRY + 2.4 % i.e. 11%  MCLRY + 3.5 % i.e. 12.5%  LA215  
O  Personal Loan for pensioner 
 TLPPL  
i.  For salary account maintain at MRB and PNB  MCLRY + 2.9 % i.e. 11.5%  MCLRY + 3 % i.e. 12%  
ii.  For salary maintain at other Bank  MCLRY + 4.4 % i.e. 13%  MCLRY + 6 % i.e. 15%  
P  Loan against property  MCLRY  MCLRY + 4 i.e. 13%  TLLAP 
Contents of this circular are to be brought to the notice of all the employees and officers of the bank.