Any Depositor who has a Fixed Deposit/Cash Certificate/Term Deposit may, at once, withdraw 75% of his deposit amount in the form of ‘Loan against term deposit’, by paying 1% additional interest than the rate at which this Deposit was accepted by the Bank, keeping the initial deposit intact.
Individual Member, Co-operative Societies, proprietorship/Partnership farms who are eligible to become a member of the Bank.
A maximum of 75% of the deposit amount, as kept at the Bank, subject to the discretion of the Branch.
75 % of value of Term Deposit (F.D / Cash Certificate /NSC / KVP).
1% additional than the rate of interest of the deposit kept at the Bank.
The loan is a Term Loan in nature, repayable within the Date of Maturity of the concerned Term Deposit Account.
For further Detail of the Scheme please visit the Nearest Bank Branch.
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