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Monday, 21-May-2012

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Artisan Credit Card

BOI Artisan Credit Card (ACC)

Purpose

To provide adequate and timely assistance to artisans to meet their credit requirements both investment needs as well as working capital. Investment loans for purchase of tools/ Equipments by way of Demand Loan/Term Loan with appropriate repayment schedule. The Scheme would be applicable both in rural and urban areas.

Eligibility

1	All existing artisan borrowers of the bank enjoying credit limits upto Rs.2 lakhs and having satisfactory dealings with the bank
2	All artisans involved in production/ manufacturing process
3	Preference would be given to artisans registered with Development Commissioner (Handicrafts)
4	Thrust in financing on cluster of artisans and artisans who have joined to form Self-Help Groups (SHGs)
5	Beneficiaries of other Government Sponsored schemes are not eligible

Issue of cards

A Photo Identity Card with sanctioned limit, validity period of credit facilities along with a passbook incorporating Name, Address, Borrowing Limit, Validity Period, etc. will be issued.

Maximum Limit

Rs.2 lakhs per borrower.

Security
Hypothecation of Assets created out of Bank Finance.

Margin
Upto Rs.25,000/- : Nil Above Rs.25,000/- : 20% to 25%

Validity/Renewal of limits

Limit valid for 3 years subject to annual review. Annual review without asking financial statements from the borrower but based on assessment of performance by field inspection.

Announcement

Watch recorded webcast for Press Meet 30.04.2012

Watch recorded webcast for Analyst’s Meet 30.04.2012

Analyst Presentation for 31.03.2012

Financial Result for year ended 31.03.2012

Any complaint regarding NEFT transactions during 20.02.2012 to 6.03.2012 may be escalated to email ID Special.NEFT@bankofindia.co.in or on telephone No. 022-22886680 for immediate resolution.

Chairman & Managing Director's Message & Address

Bank has decided to decrease the Bank’s Base Rate from 10.75% p.a. to 10.50%p.a. and BPLR from 15.00% p.a. to 14.75% p.a. with effect from 01.05.2012

The Managing Committee of the Indian Banks’ Association has appointed Shri Alok K Misra , Chairman and Managing Director, BANK OF INDIA as Deputy Chairman of the Association

Pension Calculator is available on Knowledge Portal front page

Press release launching of Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication

Notice for Debit and ATM cardholders

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