Quantum of finance
It will depend on area of land to be purchased and its valuation and also development cost.
The last 5 years average registration value available with the Registrar/ Sub-Registrar of the areas and a view taken by the Bank.
The land purchased out of bank finance to be mortgaged in favour of the Bank
Rate of interest
Interest Rate as decided by the Bank from time to time.
Loan may be repaid in 7 – 12 years in half yearly/ yearly installments including maximum moratorium period of 24 months.
Location of Holding
The farmers may be allowed to purchase land within the village boundary or in a radius of 3 to 5 kms. near land owned by them.
MCLR w.e.f. 07.02.2017
Empanelment Of Sarfaesi Valuers
Details of unpaid / unclaimed Dividend
RBI Notice on Withdrawal of Legal Tender Character of existing Rs.500 and Rs.1000 banks Notes
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 9.65% w.e.f 30.09.2016
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