GRADED INTEREST REBATE SCHEME

FOR FRESH TERM LOAN WITH INTEREST RATE

The new borrowers whose account is classified as Standard Account on the close of the financial year shall be eligible for benefit under Graded Interest Rebate System (GIRS) over and above the rebate for timely payment. The applicable interest rate will be reduced by 0.25%, 0.25% and 0.50% in II, III and IV years respectively as per details in the illustrative Table-I.

The performance of the loan account shall be observed for minimum of one year therefore, the benefit under the scheme will commence from the next year. The interest rebate under this scheme shall be admissible only in case the account is classified as Standard Asset, as on the close of financial year, during entire period of the loan repayment, and any slippage in categorization will lead to withdrawal of the interest rate reduction allowed and reversion to the original documented rate of interest. The cases covered under "Incentive Scheme for Good Borrowers" will not be eligible under this scheme.

Table-I Rate/Rebate in percent

Year (quarterly Starting April 15^th)	Prevailing (documented) interest rate	Rebate for timely payment	Proposed additional interest rebate
I	13.50	As per prevailing policy - 2% wef 16.07.2009.	Nil
II	13.50	As per prevailing policy - 2% wef 16.07.2009.	0.25
III	13.50	As per prevailing policy - 2% wef 16.07.2009.	0.25
IV	13.50	As per prevailing policy - 2% wef 16.07.2009.	0.50

Updation date : 31/10/2011 Updation Friquency : As when required