Against Fixed Deposits Secured Over draft
AGAINST FIXED DEPOSITS SECURED OVER DRAFT
Loan amount will be 75%to 85% of the deposit amount. 1.50% over the deposit interest rate will be charged on loan amount. . Interest will be charged @ monthly rests and also interest will be calculated every month on diminishing value of the loan outstanding amount. This facility is to be renewed every year. If two or more deposits held ,loan interest rate depends on the highest rate of deposit pledged.
Recurring Deposit Scheme
RECURRING DEPOSITE SCHEME
The scheme is suitable to persons having monthly income. The period is 6 month to 72 months. Interest is quarterly cumulative.