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BOI Star Pensioner Loan Scheme
1 Target Customers(Eligibility) -- -- Regular pensioners or family pensioners drawing regular monthly pension through the branch.
-- Retired employees (other than dismissed/compulsorily retired)
2 Type of Advance Demand Loan/Term Loan/Overdraft (reducible as per repayment schedule)/ Overdraft
3 Quantum of Advance DL/TL/OD (reducible as per repayment schedule) Overdraft [Pensioner' Credit Card holder not eligible]

Where PPO is held with Branch

Pension directly received at Branch from Treasury /DPDO

Regular Pensioner / Family Pensioner where age does not exceed 75 years at the end of repayment period.
Secured / Unsecured:-
15 times of monthly pension (For Pensioner / Family Pensioner – Max. loan Amount Rs.5 Lac)
Secured / Unsecured :-times of monthly Pension (Max. Loan for Pensioners Rs.3 Lacs. Max. Loan for Family Pensioner Rs.1.5 lacs)
For those over 75 years, Max. Limit Rs.1 lac.
[Proponent/borrower may be sanctioned more than one loan (i.e. two accounts – one for secured and other for unsecured/clean loan) under the scheme, depending upon eligibility].

3 times of net pension (amount credited to SB A/c. less EMI for Loans if any, Max. Rs.50000/-)

3 times of net pension (amount credited to SB A/c. less EMI for Loans if any, Max. Rs.50000/-)

4 Net take home Pension The net take home pension after deduction of loan instalment should be at least 40% of the pension amount.

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Integrity Pledge Count new

Public Notice for Unclaimed Dividend

List of Wilful Defaulters

With the implementation of Goods and Services Tax (GST), the existing service tax rate of 15% has been replaced by GST rate of 18% from July 1, 2017

All customers are requested to provide GSTIN to their branch alongwith supporting documents to claim input credit.

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Annual Report 2017

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Voting Result of EGM held on 04.05.2017

Notice of EGM

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We request our esteemed customers to urgently have their KYC details updated / corrected to avoid freezing of accounts new

MCLR w.e.f. 10.07.2017

Empanelment Of Sarfaesi Valuers

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As part of FATCA/CRS requirements, all customers are requested to submit Declaration Form (For Individuals) / Declaration Form (For Entities) click to download with supporting documents to their Parent Branch immediately. Non-Compliance with this requirement may lead to freezing or closure of account as per guidelines.

Base Rate revised to 9.55% w.e.f 31.03.2017

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BOI Star Pensioner Loan