Annual Report 2020-21
Housing Loan 9.25% p.a.
Business Loan 13.00%p.a.
Two Wheeler Loan 15.00%p.a.
Four Wheeler Loan 10.50%p.a.
Gold Loan 9.00%p.a.
Staff Loan 12.00%p.a.
Overdraft Loan 13.00%p.a.
Interest Rate on Deposits
Period Rate of Interest
30 Days to 90 Days 4.00% p.a.
91 Days to 180 Days 4.50% p.a.
181 Days to upto 1 Year 5.50% p.a.
Above 1 Year to upto 3 Year 6.50% p.a.
Above 3 Years 6.00% p.a.

Note : 0.50% extra on Senior Citizens

Interest Rate on Recurring Deposits 8.00% p.a. (Above 1 Year to upto 5 Year)


Banking Services

SPS bank is completely computerized from the day one and believes in catering to the needs of the customer efficiently at all times. The customer can have the luxury of one - to - one service, without having to shuffle between tables. Every staff is capable of providing the customer with all the information and service needed.

Any Core Banking Solutions :

SPS Bank is providing services under Core Banking Solution (CBS) with Vsoft Technologies Ltd., Hyderabad, which enables Customers to operate their accounts, and avail banking services on CBS network, regardless of where he maintains his account

Mobile Banking Services :

SPS Bank Mobile Banking App for Android helps you check your account balance, transfer funds, pay your bills and much more. The new App for Android is loaded with great features.

Tele ATM Rupay Card :

A debit card is basically a card used for fund transactions. Going by the name plastic cash, bank card and more, you can enjoy electronic access to your savings account in any bank via ATMs. You can deposit and withdraw as per your convenience this way without the hassle of standing in long queues.

RTGS / NEFT Facility :

SPS Bank is providing a NEFT and RTGS facility to its customers with the help of IDBI Bank Ltd. It facilitates one-to-one funds transfer.


Safe Locker :

Safe Deposit Vaults (Lockers) of varied sizes are available at following Branches / Extension Counters

Other Services :

LPG Subsidy Facility
SMS Services
Insurance for Vehicle Loans