A recent press report said that the RBI has cautioned banks not to issue demand drafts of Rs 50,000 and above on deposit of cash. The central bank said that any such disobedience of instructions will be viewed seriously. Reports said that the RBI has come across cases where few banks had issued demand drafts… Read More »
The ACC scheme is being introduced with immediate effect in our Bank. Branches are advised to provide credit under the scheme as per the guidelines. Purpose – The loan is offered to provide adequate & timely assistance from the banking institution to the artisan to meet their credit requirement both in investment needs and working… Read More »
Purpose – Purchase of Tractor, Trailer, Implements and other Accessories. Type of loan – Agricultural term loan Eligibility – Individual farmers /Group farmers a) For Tractors below 35 H.P., Minimum 6 Acres of perennially irrigated land or 12 Acres of cultivable dry land b) Above 35 H.P. minimum 8 acres of perennially irrigated land or… Read More »
Purpose – To provide hassle free finance to borrowers in SSI, Trade and Service sector by means of mortgage of property with adequate value. Type of loan – Cash credit/ Term loan Eligibility – a) Existing customers with a satisfactory track record of three years. b) Cash profit during last 3 years and net profit… Read More »
Purpose – The loan offers financial assistance to small and marginal and tenant Farmers with focus on women folk under group approach, to improve rural economy through employment opportunity and increase milk production through organized sector. Type of loan – Allied Agricultural Term Loans Eligibility – a) Small homogenous groups consisting of 5-15 members of… Read More »
Purpose – Purchase of new vehicles – two wheelers as well as four wheelers, Purchase of second hand unencumbered four wheelers only not more than four years old Type of loan – Term loan Eligibility – Permanent employees of State, Central Governments, Public Sector Under takings, Corporations, Private Sector companies and reputed establishments;… Read More »
Purpose – Financial assistance to meet personal Expenses Type of loan – Demand Loan Eligibility – a) Pensioners of all Central, State governments and PSUs whose pension accounts are maintained with our bank. b) Family pensioners having accounts with us. i.e., spouse who is authorized to receive pension after the death of the pensioner. c)… Read More »
Purpose – Financial assistance to SHG Federations for on lending to SHGs Type of loan – Clean term loan Eligibility – Primary federations at Village / Cluster Level and whose membership does not exceed 30 SHGs. Track record: Minimum one year is required in continuous thrift and credit activity from own funds, operating profit from… Read More »
Purpose – General purpose loan Type of loan – Term loan or Current account overdrafts Eligibility – Employees/ Professionals/ Self-employed/ Agriculturists including those engaged in allied activities and other individuals in the age group of 21 to 55 years Income Criteria: a) Minimum net monthly income of Rs. 6.000/- for salaried people b) Minimum net… Read More »
Purpose – Providing hassle free housing loans to farmers and other rural dwellers to construct new house including the cost of work shed leading to income generating activities such as dairy shed etc. Renovation or repair of existing house not more than 15 years old; Extension of existing house or work place; Operational area; All… Read More »