Pursuant to Introduction of Base Rate System as per Reserve Bank of India's directive to all Scheduled Commercial Banks to shift to Base Rate System from Benchmark Prime Lending Rate System w.e.f-1st July 2010, we are pleased to advise that our Bank has decided the Base Rate at 8.00 % p.a w.e.f, 1st July 2010. All the lending rates for the fresh and review/ renewal of credit facilities will be linked to Base Rate w.e.f.f " July 2010. As per present guidelines of RBI, Base Rate is subject to review at least once in a quarter.

All our esteemed clients are hereby informed that if you are enjoying credit facilities on the interest rate linked to BPLR then you can switch over to Base Rate before the review of such facilities or before the maturity without any additional charge/ fee.

"For further details in the matter you are requested to contact the Branch Head"