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ADVANCE/LIMIT AGAINST NSC

AMOUNT OF LOAN: RS. 2.00 LAC (30% MARGIN ALREADY APPROVED BY THE BANK)

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

REPAYMENT: BEFORE MATURITY PERIOD OF NSCS.

Terms and Conditions:

i) Nominal member of the bank.

ii) Application from the borrower.

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

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

v) Loan should be given after the 6 months after purchase of NSCs.

vi) Loanee should be resident of Chandigarh/Mohali/Panchkula.