The Rates of Interest on Term Deposits of the Bank have been revised as follows. The revised rates will be effective from 19.01.2023
PERIOD OF DEPOSIT  EXISTING (% p.a.)  REVISED (% p.a.) 

7 days to 14 days  2.90  3.00 
15 days to 29 days  2.90  3.00 
30 days to 45 days  2.90  3.00 
46 days to 60 days  3.25  3.25 
61 days to 90 days  3.25  3.25 
91 days to 180 days  3.80  3.50 
181 days to 269 days  4.40  4.40 
270 days to less than 1 year  4.40  4.40 
1 year to less than 2 years  5.10*  6.10* 
2 years to less than 3 years  5.25*  6.20* 
3 years and above  5.00*  6.30* 
*Additional rates of interest of 0.50 % applicable for senior citizens for deposits of 1 year and above.
Aforementioned rates will be applicable to fresh deposits as well as on renewal of matured deposits and rates are subject to revision at any time.
Additional interest at the following rates may be allowed to the depositors belonging to the categories mentioned below.
i) Staff : 1.00% over normal rate
ii) ExStaff (Senior Citizen) : 1.50% over normal rate
Penal charges for premature withdrawal of Term deposits:
Sl. No.  Particulars  Penal Charges. 

i  Term Deposits remained with the Bank for less than 07 days  No interest payable 
ii  Term Deposits closed prematurely  1 % penalty on the rate applicable for the period the deposit remained with the bank 
iii  Premature closure of Term Deposits for reinvestment in our Bank for a period not less than the remaining term of the original deposit  No penalty. 
iv  Premature closure of Term Deposits for reinvestment in our Bank for a period shorter than the residual period of original deposit  1 % penalty. 
*Note: Additional interest rate of 1.00 % per annum will be paid to employees /retired employees and spouses of deceased employee or retired deceased employee.
* Exemployees who were compulsorily retired, dismissed or removed from bank’s services as a measure of disciplinary action or even resigned from bank’s services will not be eligible to the above benefits.
Interest rate on Saving Bank Deposits
Sl. No.  EXISTING  REVISED 

i)  3 % p.a.  2.75 % p.a. 
The prevailing interest rates of the Bank on deposits and advances are given below (% p.a.):
1. Interest rates on deposits :
(i) Savings Bank deposits – 3.50 % p.a.
(ii) Term deposits:
The prevailing interest rates of the Bank on deposits and advances are given below (% p.a.)
Sl. No.  Period of Deposit  The prevailing interest rates  

Other than Sr. Citizen  Rate for Sr. Citizen  
1  7 Days to 14 Days  4.00  4.00 
2  15 Days to 29 Days  4.00  4.00 
3  30 Days to 45 Days  4.00  4.00 
4  46 Days to 60 days  4.00  4.00 
5  61 Days to 90 Days  4.50  4.50 
6  91 Days to 180 Days  5.00  5.00 
7  181 days to 269 Days  5.50  5.50 
8  270 Days to less than 1 Year  5.75  5.75 
9  1 Year  5.75  6.25 
10  Above 1 year to less than 2 years  6.50  6.50 
11  2 years to less than 3 years  6.00  6.50 
12  3 years to less than 5 years  6.00  6.50 
13  5 years and above  6.00  6.50 
If Term Deposit is closed prematurely withdrawn within 7days from the date of deposit.  No interest will be paid 
If closed prematurely beyond 7days and withdrawn the deposit.  1% penalty will be levied on the rate of interest applicable for the period the deposit remained with the Bank. 
If prematurely withdrawn for reinvesting the deposit for a period longer than the residual period of the original deposit.  Interest will be paid at the rate applicable on the date of original deposit for the period for which the deposit remained with the Bank without applying any penalty of 1 %. 
If the term deposit is renewed by premature withdrawal for a period shorter than the remaining period of the deposit.  Penalty will be charged @ 1 %. 
2. Rate of interest on Loans and Advances
Applicable MCLR for Loan Tenors
Sl.No.  Applicable MCLR Benchmark  Applicable MCLR 

1  Overnight MCLRi.e MCLRD  8.60% 
2  1 Month MCLRi.e MCLRM  8.65% 
3  3 Months MCLRi.e MCLRQ  8.70% 
4  6 Months MCLRi.e MCLRH  8.75% 
5  1 Year MCLRi.e. MCLRY  8.80% 
Under MCLR regime, the spread includes (i) business strategy premium and (ii) credit risk premium. The spread specified for one year MCLR benchmark i.e. MCLRY will also be applicable to other MCLR benchmark as per the Risk Rating. Any concession in the interest rate under MCLR system can be given by the competent authority as per guidelines in Bank’s Lending Policy  
Sl. No. & Scheme Type  Rate of Interest  Scheme Code 
A. Agriculture Advance  LA103,LA104, LA121,LA105, LA116,LA124, LA125,OD003, CC106,LA123, CC201 

i. Loan limit upto Rs.50000/  MCLRY + 1.2% i.e. 10%  
ii. Loan Limit above Rs.50000/ to Rs.200000/  MCLRY + 2.2% i.e. 11%  
iii. Loan Limit above Rs.200000/ to Rs.1000000/  MCLRY + 3.2% i.e. 12%  
iv. Loan Limit above Rs.1000000/ to Rs.2500000/  MCLRY + 3.7% i.e. 12.5%  
v. Limit above 25.00 lacs  
a. MRBCR0  MCLRY + 2.2% i.e. 11%  
b. MRBCR1  MCLRY + 2.7% i.e. 11.5%  
c. MRBCR2  MCLRY + 3.2% i.e. 12%  
d. MRBCR3  MCLRY + 3.7% i.e. 12.5%  
e. MRBCR4  MCLRY + 4.2% i.e. 13%  
f. MRBCR5  MCLRY + 5.2% i.e. 14%  
Note: I. Bank will charge interest on all direct agricultural advances on halfyearly basis. However, interest on current dues, i.e. Crop loans & intallments not falling due in rewpect of Term Loans should not compounded. II. When Crop Loan or installment 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 and marginal farmers. III. In case of short term production credit up to Rs.3.00 lakh, the applicalble rate of interest shall be 7% payable as per norms on due date. Branches will prepare halfyearly statement of actual disbursement/drawal of crop loan and calculate interest subvention @ 2.00% p.a. and submit to H.O. as per extant H.O. Circular. 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 upto Rs.3.00 lakh), normal rate of interest (MCLR linked loan quantum wise rate) for agricultural advances after due date till recovery will be applicalble. 

Sl. No. & Scheme Type  Rate of Interest  Scheme Code 
B. Advance to MSME (Tl/CC)  LA210,LA215, LA206,LA204, LA207,LA218, LA410,LASEC, CC001,CC101, CC112,CC110, SBREG,SB201, SBFIG 

i. Loan limit upto Rs.50000/  MCLRY + 2.2% i.e. 11%  
ii. Loan Limit above Rs.50000/ to Rs.200000/  MCLRY + 3.2% i.e. 12%  
iii. Loan Limit above Rs.200000/ to Rs.1000000/  MCLRY + 3.7% i.e. 12.5%  
iv. Loan Limit above Rs.1000000/ to Rs.2500000/  MCLRY + 4.2% i.e. 13%  
v. Limit above 25.00 lacs  
a. MRBCR0  MCLRY + 2.2% i.e. 11%  
b. MRBCR1  MCLRY + 2.7% i.e. 11.5%  
c. MRBCR2  MCLRY + 3.2% i.e. 12%  
d. MRBCR3  MCLRY + 3.7% i.e. 12.5%  
e. MRBCR4  MCLRY + 4.2% i.e. 13%  
f. MRBCR5  MCLRY + 5.2% i.e. 14%  
C. Term Loan/Cash Credit (Non schematic and Non priority)  
i. Loan limit upto Rs.50000/  MCLRY + 3.2% i.e. 12%  
ii. Loan Limit above Rs.50000/ to Rs.200000/  MCLRY + 4.2% i.e. 13%  
iii. Loan Limit above Rs.200000/ to Rs.1000000/  MCLRY + 4.7% i.e. 13.5%  
iv. Loan Limit above Rs.1000000/ to Rs.2500000/  MCLRY + 5.2% i.e. 14%  
v. Limit above 25.00 lacs  
a. MRBCR0  MCLRY + 3.2% i.e. 12%  
b. MRBCR1  MCLRY + 3.7% i.e. 12.5%  
c. MRBCR2  MCLRY + 4.2% i.e. 13%  
d. MRBCR3  MCLRY + 4.7% i.e. 13.5%  
e. MRBCR4  MCLRY + 4.95% i.e. 13.75%  
f. MRBCR5  MCLRY + 5.2% i.e. 14%  
D. HOUSING LOAN SCHEME  
MRB HOUSING LOAN SCHEME (FLOATING) (Irrespective of amount and repayment period)  MCLRY + 0.2% i.e. 9%  LA304,LAAHL 
Note: For MRB Staff Housing Loan Scheme applicable rate of interest shall be 8% per annum (fixed)  LA007,LA006  
E. Loan to SHG (Floating)  CC102,CC103, LA222,LA405 

i. Loan limit upto Rs.50000/  MCLRY + 2.2% i.e. 11%  
ii. Loan Limit above Rs.50000/ to Rs.200000/  MCLRY + 2.7% i.e. 11.5%  
iii. Loan Limit above Rs.200000/ to Rs.1000000/  MCLRY + 3.2% i.e. 12%  
iv. Loan Limit above Rs.1000000/ to Rs.2500000/  MCLRY + 3.7% i.e. 12.5%  
v. Limit above 25.00 lacs  
a. MRBCR0  MCLRY + 2.2% i.e. 11%  
b. MRBCR1  MCLRY + 2.7% i.e. 11.5%  
c. MRBCR2  MCLRY + 3.2% i.e. 12%  
d. MRBCR3  MCLRY + 3.7% i.e. 12.5%  
e. MRBCR4  MCLRY + 4.2% i.e. 13%  
f. MRBCR5  MCLRY + 5.2% i.e. 14%  
Note: In case of loans up to Rs.3.00 lakh sanctioned to NULM/NRLM (Imphal East and Chandel District) complaint women SHGs the applicable rate of interest shall be 7.00% (fixed). In case the borrower fails to repay the loan installments in time and the account becomes overdue, normal rate of interest as mentioned in the above table shall be applicable.  
F. Loan to Anganwadi workers & Helpers  MCLRY + 4.2% i.e. 13%  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 subject to minimum of MCLRY  
H. Loan against NC,KVP,IVP and LICI policy  MCLRY + 3.2% i.e. 12%  LA403 
I. Personal Loan/ Consumer durable loan  MCLRY + 4.2% i.e. 13%  LA508, LA518 
J. MRB car loan  
i. Staff  MCLRY + 0.7% i.e. 9.5%  LASCL,LA005 
ii. Other than staff  MCLRY + 1.2% i.e. 10%  LA506 
K. Clean Overdraft  
i. Staff  MCLRY + 0.7% i.e. 9.5%  OD101 
ii. Other than staff  MCLRY + 6.2% i.e. 15%  OD001 
L. Loan to landlord of Branch Premises  MCLRY + 4.2% i.e. 13%  LA502 
M. Education Loan  LAEDU  
i. Upto Rs.7,50,000/  MCLRY + 2.7% i.e. 11.5%  
ii. Above Rs.7,50,000/  MCLRY + 2.2% i.e. 11%  
iii. Concession for girl student  0.50% from card rate 