News Buzz
- Register your nomination in the Demat Account before 31st Dec 2023. If you do not wish to register, please fill opt out form for nomination before 31st December '23. Else the account will be freeze from 1st January 2024
- Customer can do RTGS 24 x 7 using Net Banking Application
- Customer can do bill payment though Billdesk Payment Gateway using our Net Banking
- DICGC Premium paid upto 30/09/2024
- Account Viewing Facility Available
- Senior citizen 0.50% more interest rate on deposits of more than 1 year
- Franking of non-adhesive judicial stamps
- ATM cum Debit Card - RuPay Card Facility Available
- Bank Holiday on Second and Fourth Saturday
- Locker facility at 13 branches
- Net NPA 0%
- Mobile Banking Facility Available
Against. Plant & Machinery
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This facility is to be allowed normally against the new machineries required by the borrower, for own business/ industry use.
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Payment should be made direct to the suppliers of such machineries.
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Loan against old machinery may also be considered on case to case basis, keeping in view the cost of similar new machinery, cost and useful life of old machinery etc.
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Valuation report from our Bank’s approved valuer is to be required.
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Margin against new machineries may be fixed in the range of 10 % to 40 % and old machinery may be fixed at 20.0% to 50.0 %.
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Maximum Repayment period against new machinery may be allowed up to 7 years where as against old machinery repayment period should not normally exceed 5 years or 75% of residual service life of the same, whichever is earlier.
