1.
Loans
| (i) |
Charges
on normal Personal Loan: |
|
|
|
Processing
Fee: 0.75% of loan amount |
|
| |
Risk Premium |
Period (Months)
|
% on loan
amount |
| |
|
36
|
2
|
|
| |
|
42
|
2.25
|
|
| |
|
48
|
2.50
|
|
| |
|
60 and above
|
3
|
|
| |
|
|
|
|
(ii)
|
Recast
on loan |
|
|
| |
Processing
Fee: 0.75% of loan amount |
| |
The risk
premium will be calculated on a pro-rata basis. |
| |
|
|
|
| (iii) |
Loans
secured by fixed deposits |
| |
Processing
Fee: 0.75% of loan amount, but the fee should
not exceed Rs1000. -
and not less than Rs100. |
| |
|
|
|
| (iv) |
Early
Repayment of loan |
| |
One month
interest is charged irrespective of the date the
the loan is settled within
the current month. |
| |
|
2.
Term Deposits
| (i) |
The minimum
deposit is Rs 10,000. |
| (ii) |
Encashment
of deposit prior to maturity date: A penalty of
30 days interest will
be applicable. |
| (iii) |
In case
one month notice is given, no penalty will be
charged. |
3.
Flexi Deposit
| |
For
accounts held for a period of less than 5 years,
the applicable interest rate will
be adjusted and will not be in any case less than
the ordinary bank savings rate. |
4.
Retirement Savings Fund
| |
In
case of voluntary withdrawal from the scheme,
only half of the accrued lump sum
will be payable |
| |
|
|
|
|
