Gift to shareholders of the Bank will be disbursed between 10/11/2011 and 05/12/2011 from bank's Ayojannagar Branch premises

LOANS AGAINST DEMAT SHARES
PURPOSE : FOR INVESTMENTS
MARGIN : 50% (AS PER RBI INSTRUCTION/STIPULATION)
LOAN AMOUNT : Rs. 10.00 LACS (MAXIMUM)
RATE OF INTEREST : 13.50% P.A.*
SECURITY : BANK’S APPROVED DEMAT SHARES

* Interest rate subject to change at the discretion of the Bank

 

GENERAL RULES/REGULATIONS OF THE BANK

  • » For loans above r 1.00 lac, bank’s shares as per rbi directive, will have to be puchased by the applicant. At present @ 2.5% of the sanctioned loan amount.
  • » Rate of interest is subject to change as decided by the board of directors from time to time.
  • » Applicant will submit the loan application in the bank’s prescribed forms along with all the required papers / documents.
  • » (a) Interest will be calculated and applied on the last day of the month.

    (b) No processing fee will be charged.

  • » Bank reserves the right to sanction/decline the loan application.
  • » Bank reserves the right to revise any of the terms of any of the loan schemes.

 

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