i.

Eligibility

-

Any Individual, Group of Individuals,   Proprietorship/Partnership Firms, Companies etc.

ii.

Type of  Facility

-

Loan and/or Overdraft limit

iii.

Purpose

-

For any legitimate requirement of Funds.

iv.

Margin

-

15% of the Present value of Deposit

v.

Rate of Interest

-

2% above the applicable rate of interest on respective Deposit A/c (weighted average method).

vi.

Repayment

-

As required by the borrower, but not later than the date of maturity of Deposit A/c.

vii.

Security

-

Pledge of Bank’s own Term Deposit.