Loan Schemes

 

Advance against Own Deposits

  1. Advance against pledge of own F.D.R./M.R.D./Suvidha/Daily Deposit A/c will be allowed @ maximum 85% of the value or at such other rates fixed from time to time by the Bank
  2. The rate of interest will be 2% more than the rate paid on FDR/MRD and @ 12% p.a. in case of loan against Daily Deposit A/c. However, the Bank reserves the right to change the rate at any time during the currency of the loan, at its discretion without giving prior notice. Interest will be payable every month
  3. Overdrafts against pledge of own Deposits may also be allowed upto 85% of the value or at such other rates fixed from time to time by the Bank. The rate of interest will be 2% more than the rate applicable to the deposit and @ 12% in case of Overdraft against Daily Deposit A/c. However, such rate is liable to be changed by the Bank at any time without prior notice
  4.  Loans/Advances may also be granted on the security of third party deposits, upto the limits specified above. However, interest shall be charged on such loans/advances at rates applicable for other secured loans