Purpose – To provide hassle free credit to Bank’s customers based on the assessment of cash flow without insistence on security, purpose or end use of credit. This is in nature of cash credit with no end use stipulations.
Eligibility – Bank’s individual customers with sources of adequate income in rural & semi urban areas
Extent of Limit – The limits will be fixed based on the level of income and cash flow of the entire household. However, the total credit facility under GCC to an individual should not exceed Rs.25000/-.
Interest rate – The interest rate is 11%.
Renewal of the Cards – The cards will be valid for three years and will be renewed at least one month before expiry of the current card on a simple hand written request from the card holder.
Repayment – The card will be repayable in 12 months with the condition that aggregate credits into the account during 12 months period should at least be equal to maximum outstanding in the account. No withdrawal in account should remain outstanding for more than 12 months.
The bank aims at offering help to the farmers in the rural areas. It offers home loan, personal loan, festival loans etc.