Rate of interest on refinance for areas other than North Eastern States, Sikkim and Andaman & Nicobar Islands for all purposes with effect from 23 January 2008 is given below :
Agency
Rate
SCBs/SCARDBs/RRBs
8.5% per annum
CBs/PUCBs/ADFCs/NEDFi
9% per annum
In case of loans to MFIs by CBs and RRBs, it will be 3% less than the rates charged by banks subject to a minimum of 9% and 8.5% respectively.
The interest on refinance in respect of North Eastern States, Sikkim and Andaman & Nicobar Islands is 8.5% per annum with effect from 23 January 2008 for all agencies.
Interest on interim finance to SCARDBs is 9.5% per annum with effect from 06 July 2007.
