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Star SME Education Plus
Target group Educational Institutions viz., Universities , Colleges , Schools
  1. The institutions must have got necessary approval from Government / Government agencies for running the educational institution
  2. They should submit 3 years audited financial statements
  3. They should be profit making for continuous 2 years.
  4. New and upcoming educational institutions can also be considered in which projections, both financial and non-financial, must be reasonable and justifiable.
  5. Entry level credit rating is SBS 5. No deviation to be allowed.
  1. Construction/ Renovation / Repair of building. Approval for construction/addition/alteration from all the concerned authorities must be in place for considering the credit facility.
  2. Purchase of Computer, lab equipment, Furniture & Fixtures, books etc
Nature of facility Term Loan
Quantum of Loan Minimum Rs.10 lacs and Maximum Rs.500 lacs
Repayment Term Loan to be repaid in maximum 8 years inclusive of initial moratorium of 12 to 18 months. Periodicity of instalment to be determined on the basis of cash flow
Appraisal of loan The proponent should have sufficient cash flow to service both instalment and interest.
DSCR should be minimum 1.25.
Margin Minimum 20%
Rate of Interest As per prevailing rate of interest structure in terms of HOBC:104/94 dt. 15-11-2010
Processing Fee, Documentation charges etc
For accounts falling within regulatory definition of MSME : In terms of HOBC : 102/218 dt. 20-03-2009. For accounts not falling within regulatory definition of MSME but within the new definition of SME : In terms of HOBC: 102/119 dt.19-09-2008.
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BOI Financial Results 30.06.2017

Press Release from IBA new

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With the implementation of Goods and Services Tax (GST), the existing service tax rate of 15% has been replaced by GST rate of 18% from July 1, 2017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

Annual Report 2017

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

MCLR w.e.f. 10.08.2017

Empanelment Of Sarfaesi Valuers

Details of unpaid / unclaimed Dividend

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

List of Recovery Agents/ Enforcement Agents/Detective Agency of Lucknow Zone

Change of Registrar and Share Transfer Agent

Notice to CD Customers

Notice to Customers

Notice to SB Customers

ATM transactions for savings Bank A/c Customers

Notice for our DEMAT Account Holders

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