All Individuals singly or jointly, or professionals are eligible to open these accounts.
Customers should have valid KYC documents
Mode of Operation: Single/Jointly/Either or Survivor/ Former or survivor, Later or survivor, etc.
Type of Deposit
Minimum Balance (in Rs)
Mode of Op...
Purpose
To provide credit to the weavers to meet their credit requirement – working capital or term loan or both.
Eligibility
All weavers and ancillary workers involved in weaving activities.
Age
Minimum 21 years ; Maximum: 65 years
Maximum Lim...
Purpose
Mortgage loan utilized for marriage/medical treatment/education/ foreign travel .
The proceeds of loan is not to be used for acquisition/ development of land or construction of building space or for any speculative purpose including speculation on real estate and capital mark...
Digital Insta Savings Account features and criteria:
TARGET CUSTOMERS
· The facility will be made available for “Resident Individual” customer only over 18 years of age.
· NRE/NRO/FCNR accounts c...
Purpose
Loans under the Bank’s Home Loan Scheme may be granted to individuals to enable them to:
Purchase a plot of land and construction of house thereat
Only purchase of land
Purchase /construct a new house
Purchase an existing (old) house /or extend an existing house
Repair or...
General Features of JLGs
A Joint Liability Group (JLG) is an informal group comprising a 4-10 individuals coming together for the purpose of availing Bank Loan on individual basis or through Group mechanism against mutual guarantee. Generally, the members of a JLG would engage in a simi...
Purpose
To purchase a new passenger cars, jeep, Single or Multi Utility Vehicles (MUVs) and SUVs for personal use.
Age
Minimum 21 years ; Maximum: 65 years
Eligibility
Permanent/ regular employees of State/Central Govt., Public Sector Undertakings (PSUs), P...
Purpose
To provide hassle-free credit to customers from rural and semi-rural centres based on their cash flow without insistence on security, purpose and end-use of the credit. This is in nature of overdraft with no end-use stipulations.
Age
Minimum 21 years...
Term deposits, also known as time deposits, are investment deposits made for a predetermined period of time, ranging from a few months to several years. The depositor receives a predetermined rate of interest on the term deposit over the specified time period. Funds deposited for longer time periods...
Purpose
To meet all kinds of credit requirement for setting up Greenfield projects under manufacturing, services or the trading sector SC/ST and/or woman entrepreneurs.
Eligibility
SC/ST and/or woman entrepreneurs above 18 years of age
Loans under the scheme is available fo...
Objective
The product is a pre-approved term loan facility with option of multiple disbursements for multiple purposes. The product is aimed at facilitating growth among well rated existing customers.
Age
Minimum 21 years ; Maximum: 65 years
Target Group
Al...