ADVANCE/LIMIT AGAINST FDRS OF THE BANK.

AMOUNT OF LOAN: 90% OF PRINCIPAL AMOUNT.

Rate of Interest: 2% excess in case of advance and 2.5% excess in case of limit from the rate of interest of FDR (Calculation of interest rests monthly).

REPAYMENT: BEFORE MATURITY PERIOD OF FDRS.

Terms and Conditions:

i) Application from the borrower.

ii) Promissory Note for advancement amount.

iii) FDRs shall be pledged in favour of the bank.

iv) Payment shall be made by the crediting SB a/c of the borrower.