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ADVANCE AGAINST NSC TO STAFF

Amount of Loan: Rs. 2.00 lacs

Rate of Interest: 10 %P.A (Calculation of interest rests half yearly)

Terms and Conditions:

1. Application from the borrower.

2. NSC shall be pledged in favor of the bank.

3. Payment shall be made by the crediting to the borrower A/C.

4. 10 % margin should be kept before advancing against NSC.

5. Interest will be recoverable on half yearly basis.