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MSME Schemes

1. PSB Krishak Mitra
 
Purpose WC for maintaining stocks of Agri inputs like Seeds, fertilizers, pesticides, Cattle Feed / Poultry Feed / Dairy Feed
Eligible Commission Agents (Arthias) / Dealers / Distributor / Stockist for distribution
Extent of Limit Rs.5lakh to 200Lakh through WC/ODP
Margin for WC - Stock 25%, against bookdebt 35%, for ODP – 35%
Charges & fee Upto 3 lakh - NIL
ROI Click Here
Repayment WC – on demand or Operative limit for 12 months, subject to annual renewal
Security / Guarantee Suitable Collateral Security & Suitable guarantee of third party/((ies) be taken.
 
2. PSB Pradhan Mantri Mudra Yojana
 
Eligible Any Indian Citizen who has a business plan for an income generating activity
Quantum of Finance upto Rs.10 Lakh
Margin for Shishu category – 10%, for other – 25%
Charges & fee Click Here
ROI upto 5lakh – EBLR (7%), above 5 to 10lakh – EBLR (7.85%)
Security / Guarantee NIL
To apply https://www.psbindia.com/module/sme-loan-application
 
3. Stand up India Scheme
 
Eligibility Any Individual (SC/ST or Women) or Enterprise (shareholding 51% to SC/ST or Women) for setting up a Greenfield enterprise.
Quantum of Finance Composite loan (TL + WC) from Rs.10 Lakh to Rs.100 Lakh
Margin 25%
ROI Click Here
Repayment Max. 7 year with max. 18-month moratorium
Security / Guarantee Suitable non encumbrance property, also covered under NCGTC
 
4. PSB-MSME STANDBY LINE OF CREDIT (PSB SLC)
 
Borrower Individual(s) / Sole Proprietorship / Partnership firm/ HUF/ Joint Stock Company or any other entity engaged in activities covered under MSME.
Purpose To meet the temporary liquidity mismatch.
 
  • Existing customers, having working capital Limit up to Rs.5 Crore only
  • Account to be standard.
  • SMA-0 and SMA-1accounts are also eligible under the scheme.

The customers having availed fund based working capital facility from our Bank are only eligible under this scheme.

Quantum of Finance Max. up to 25% of the existing working capital limit (FBWC+NFBWC) up to Max of Rs.1.25 Crore
Margin NIL
ROI Click Here
Repayment maximum of 12 Months
Processing Fees NIL on the proposed limit
 
5. PSB PMEGP Scheme
 
Eligibility
  • Any individual, above 18 years of age
  • For setting up of project costing above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business /service sector, the beneficiaries should possess at least VIII standard pass educational qualification.
  • Self Help Groups
  • Existing Units (Under PMRY, REGP or any other scheme of Government of India or State Government) and the units that have already availed Government Subsidy under any other scheme of Government of India or state Government are not eligible.
Object To generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures/projects/micro enterprises.
Quantum of Finance
  • The maximum cost of the project/unit admissible under manufacturing sector is Rs. 25 lakh.
  • The maximum cost of the project/unit admissible under business/service sector is Rs. 10 lakh.
Margin General Category – upto 10%, Special Category – upto 05%
ROI Normal rate of Interest applicable
Repayment <3 to 7 years
Security No collateral security will be insisted upon by Banks in line with the guidelines of RBI for projects involving loan upto Rs.10 lakh
Subsidy General Category – upto 25%, Special Category – upto 35%
Apply online https://www.kviconline.gov.in/pmegpeportal/jsp/pmegponline.jsp
 
6. PSB Commercial Vehicle
 
Purpose For purchase of New Commercial Vehicles like, Buses, Trucks, Tankers, Tempos, Taxi, Four/ Three wheelers, and any other vehicles of mass transportation subject to the condition that the vehicle is approved by the competent authority for commercial purposes.
Eligibility

Individuals, proprietorship/partnership firm/ Limited company, trust, society, associations owning and operating or proposing to own and operate transport vehicles for carrying passengers or goods on hire.

The borrower (s) either hold the necessary driving license or engage driver (s) possessing valid license to operate the type of vehicle for which credit is sought.

The borrower (s) should have been granted a permit by an appropriate authority to ply vehicle(s) for passengers or goods traffic for hire.

Quantum of Finance

80% of the cost of vehicle (pre-assembled/ cost of chassis/ cost of body/ cost of chassis & cost of body), onetime Registration Charges & Road Tax, and Insurance Charges.

Maximum limit that can be sanctioned under the scheme is Rs 2.00 Crore.

Margin

20% margin on cost of vehicle (pre-assembled/ cost of chassis/ cost of body/ cost of chassis & cost of body), onetime Registration Charges & Road Tax, and Insurance Charges.

The borrower should bring in the required margin money.

DSCR Minimum Net DSCR (debt service coverage ratio) requirement shall be 1.25:1
Rate of Interest Please click here For rate of interest
Processing Fee Please click here For Processing fee
Repayment of Loan

Moratorium Period: Maximum 3 Months from the date of disbursement of loan.

Loan to be repaid in Equated Monthly Instalments (EMIs) in Maximum 5 Years(exclusive of moratorium period, if any)

Primary Security Hypothecation of the vehicle to be purchased.
Collateral Security

Loan amount up to Rs. 10 lakhs: Collateral Security is not required.

Loan amount above Rs.10 lakhs upto Rs.25 lakhs:

  • Suitable collateral security to the extent of minimum 25% of the sanctioned amount. (Except for cases covered under CGTMSE)

 

Loan amount above Rs.25.00 lakhs:

  • Suitable collateral security to the extent of minimum 50% of the sanctioned amount. (Except for cases covered under CGTMSE)

 

Guarantee

Guarantor should enjoy good reputation in the market/field along with networth of atleast 200% of loan amount.

  • Third party guarantee / guarantee of earning family member for loans up-to Rs.10 lakhs, if not covered under CGTMSE
  • For cases above Rs.10 lakhs Guarantee may be waived in the cases covered under CGTMSE or where collateral is offered.
  • Guarantee of the property owner (if other than borrower) must be obtained in all the cases where collateral is offered.
Prepayment Charges The borrower may opt to prepay / adjust the loan from his own verifiable legitimate sources or genuine sale without attracting any penalty, except take-over of the loan by other bank/ FI/ NBFC, which would attract prepayment @1% of the balance loan amount.
Penal Interest @ 2% over and above the contracted rate shall be charged for any default in repayment on loan installment as per fixed repayment schedule.
 
7. PSB Doctors Special
 
Eligibility Medical Practitioners registered with statutory bodies like, MCI, DCI, CCIM, CCH etc. and having minimum qualification MBBS/BDS/BPT/ BAMS or equivalent professional degree.
Constitution of borrower Individual, Joint borrowers, Proprietorship, Partnership, LLP, Company (Pvt /Public ltd), Hospitals which are being run /managed by Trusts / Institutions and concerns where majority of share holding is by qualified medical practitioners.
Purpose Setting up/ acquiring/ construction/ Expansion/renovation of clinics, Hospitals/ Pathological/ Clinical Labs, Diagnostic Centers/ Physiotherapy centers, Nursing Homes, etc. including furniture fixture, medical equipments and for purchase of vehicles, ambulances/lifesaver ambulances, etc.
Quantum of loan

Minimum: Rs 5 lakhs

: Rs. 500 lakhs

Working capital facility is restricted to maximum 5% of the Term Loan facility sanctioned ‘or’ Rs 10 lakhs whichever is lower.

The maximum quantum should not exceed Rs 500 lakhs in case of composite facility i.e. Term Loan & Working Capital.

Assessment of finance Working Capital Limit:

For running units, WC is fixed based on the 75% of Revenue Expenditure of previous year as per audited balance sheet.

For new units, WC is fixed based on the 60% projected Revenue Expenditure.

DP is derived on the basis of 75% of stocks/ 60% book debts.

Term Loan: 75% of the cost of assets purchased ‘or’ 65% for purchase/ construction/ expansion/ renovation/ modernization of premises.

Minimum Net DSCR (debt service coverage ratio) :- 1.25:1

Margin

25% for purchase of equipment/ machinery/ vehicles etc.

35% for acquisition of premises and/ or expansion/ renovation/ modernization of existing premises.

25% on stocks

40% on book debts.

Security Primary Security for Term Loan:
  • Hypothecation of assets to be purchased/acquired with the help of Bank’s finance.
  • Mortgage of business premises if financed by the Bank.

Primary Security for Working Capital facility: Hypothecation of stocks/ book debts

Collateral security:

  • i) Loan upto Rs 10 lakhs: No third party guarantee and/or collateral security is required and the same should be covered under CGTMSE.
  • ii) Loan above Rs 10 lakhs and upto Rs 200 lakhs: Collateral security by way of immovable property or liquid securities such as deposits, NSCs, surrender value of LIC policies, equivalent to 100% of the total exposure. Or, else the loan will be covered under CGTMSE.
  • iii) For loan above Rs.200 lakhs and upto Rs 500 lakhs: Collateral security by way of immovable property or liquid securities such as deposits, NSCs, surrender value of LIC policies, equivalent to 100% of the total exposure.

 

However, for loans sanctioned for acquiring premises for opening of Hospitals/ Labs/ Clinics etc. borrower to submit suitable collateral equivalent to the Sanctioned amount for the intervening period till valid mortgage of the property financed is created in Bank’s favour.

Rate of Interest Please click here For rate of interest
Processing fee Please click here For Processing fee
Penal interest @ 2.0 % over and above the normal rate shall be charged on the amount of default, in case of delay / default in payment of instalment / interest.
Guarantee

Loan upto Rs. 200 lakhs: No guarantee required, if covered under CGTMSE.

In all other cases, guarantee of Spouse/ major sons/ partners/ directors/ trustees/ suitable third party is required.

Personal guarantee of partners/directors is required in all cases irrespective of coverage under credit guarantee scheme.

If owner of the mortgaged property is other than borrower, the guarantee of property owner is equired.

Guarantor should enjoy good reputation in the market/field along with networth of atleast 200% of loan amount

Repayment

For Term Loan

Repayment Period:Loan to be repaid in Equated Monthly Instalments (EMIs) in Maximum 7 Years (inclusive of moratorium period, if any).

Moratorium Period:

a) Maximum 2 years including construction period in case of new construction of business premises financed by bank.

b) In all other cases maximum moratorium of 1 year may be allowed by the Bank based on the justification and merits of the case.

For Working Capital facility:

Repayable on demand. Credit facility is subject to annual renewal. Interest to be serviced as and when due.

Prepayment The prepayment facility is allowed without any charges but not within one year of the loan availment. On pre-closure within one year of sanction, prepayment penalty @1 % of the sanctioned amount to be charged.
Additional Benefits Locker Rent Concession: 50% concession on locker rent for self and spouse for first two years, who avail loan under this scheme.
 
8. PSB Mortgage
 
Purpose This is an all purpose credit facility i.e. to meet legitimate need based expenses viz- marriage /medical /educational expenses / repairs / renovation / extension to the residence / commercial property/ purchase of consumer durables or any unforeseen expenses, and also for investment in business, to meet credit needs of trade, commercial activities, other bona fide requirements of business/ profession
Eligibility
  • Business Concerns (MSME) & Salaried Individuals who are income tax assesses;
  • Partnership firms, Proprietary firms, Companies (Pvt./Public Ltd.), HUFs, Trusts, Societies, NRIs (subject to compliance of guidelines of Bank & RBI)
  • Age limit: Min 18 yrs, Max 65 yrs and owning residential/ commercial property.
  • Credit facility against agricultural property is strictly not permitted. Credit facility shall not be permitted against security of immovable property wherein Educational/ Religious Institutions are located. Vacant land may preferably be not taken as security under the scheme.
  • In case of Firms/Companies & Trusts, credit facility may be considered against the property owned by Partner/Director/Trustee
  • The property of following close relatives may be considered subject to becoming of their co-borrower in the facility
    Spouse Father Mother Son Son’s Wife
    Daughter Daughter’s Husband Brother Brother’s Wife Sister
    Sister’s Husband Spouse’s Brother Spouse’s Sister Spouse’s Mother Spouse’s Father
Quantum of Finance Minimum: Rs 5 lacs Maximum Rs.500 lacs, (With deviations maximum finance can be upto Rs 1000 lacs)
Quantum of Finance is subject to

For salaried persons: Maximum 10 times of average net annual income based on salary slip (last 12 months)/ latest Form No.16 or ITR.

For others: Maximum 10 times of average net annual income based on ITR for last 3 Financial Years.

  • MPBF is subject to maximum of 50% of realizable value of immovable property.
  • Security in the form of NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements.
  • The income of the spouse / major sons may be added if he/she is a co-borrower.
  • In case of Firms/ Companies/ Trusts/ HUF, Partners/ Directors/ Trustees/ Co-parceners with regular & independent income may join as co-borrower to supplement repayment capacity.
  • Cash accruals/ Depreciation may also be added to income, in case of borrowers other than salaried class.
Rate of Interest

Term Loan facilities (For MSME): 1 year MCLR + 2.50%

Term Loan facilities (for others): 1 year MCLR + 2.75%

Overdraft facilities (For MSME): 1 year MCLR + 2.25%

Note: For loan/limit above Rs 500 lacs, applicable rate of interest shall be 50 bps over the above mentioned rates.

Processing Charges:

For Term Loan:@1% of the loan amount with Minimum of Rs.2000/-

For Overdraft Facility:@0.50% of limit sanctioned and to be collected on sanction and at the time of renewal every year.

  Concessions during Festival Bonanza Scheme from 21.09.2017 to 31.03.2018: For TL facilities:Concession of 50% on the applicable processing charges , For Overdraft facilities: Concession of 50% on the applicable processing charges on the limit sanctioned at the time of sanction only. However, the normal processing charges (i.e. without the above said concession) shall be applicable at the time of renewal every year
Repayment

For Term Loan:Maximum 10 years

For Overdraft Facility:Repayable on demand. The limit once sanctioned will hold good for 3 years.

The overdraft facility is not allowed for salaried class borrowers.

Guarantee Not Mandatory
Concession in ROI for MSMEs Only

Concession of 0.25% in RoI for cases, where external credit rating is 1 to 4 by SMERA, ICRA, ONICRA or CRISIL

Concession of 0.25% in RoI if account is classified under Priority Sector Advances.

 
9. PSB Vyapar
 
Purpose For the working capital/any business purpose requirements of the business concern.And also, for the construction of shop in the pre-owned land or for purchase of ready built shop/ commercial space for business
Eligibility
  • Retail Traders/Wholesale Traders
  • Contractors
  • Professional and self employed
  • Micro, Small & Medium Enterprises Service/ Manufacturing concerns (Borrowers satisfactorily engaged in trading/ business activity for a period atleast 1 year prior to seeking credit under the scheme and having earned cash profit during the period )
  • Newly Established Entity /Venture are also eligible for credit facilities under the scheme based on merits and on a case to case basis.
  • Credit facility against agricultural property is strictly not permitted. Credit facility shall not be permitted against security of immovable property wherein Educational/ Religious Institutions are located. Vacant land may preferably be not taken as security under the scheme.
  • The property of following close relatives may be considered subject to becoming of their co-borrower in the facility
    Spouse Father Mother Son Son’s Wife
    Daughter Daughter’s Husband Brother Brother’s Wife Sister
    Sister’s Husband Spouse’s Brother Spouse’s Sister Spouse’s Mother Spouse’s Father
Quantum of Finance

Minimum: Rs 5 lacs,

Maximum: Rs 500 lacs. (For purchase/construction of shop maximum finance is Rs 200 lacs) (With deviations maximum finance can be upto Rs 1000 lacs)

Quantum of Finance is subject to
  • MPBF can be upto 20% of the projected turnover subject to the condition that projected turnover shall not exceed 25% annual turnover of the previous year. Or, Maximum Permissible Bank Finance can be upto 25% of the actual turnover.
  • MPBF is subject to maximum of 65% of realizable value of immovable property.
  • Security in the form of NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements.
Rate of Interest

WCTL repayable upto 5 years: 1 year MCLR + 2.25%

TL repayable upto 10 years: 1 year MCLR + 2.75%

For Overdraft facilities: 1 year MCLR + 2.00%.

Note:For loan/limit above Rs 500 lacs, applicable rate of interest shall be 50 bps over the above mentioned rates.

Processing Charges:

For TL/WCTL facilities: @1% of the loan amount with Minimum of Rs.2000/-

For Overdraft Facilities: @ 0.50% of limit sanctioned and to be collected on sanction and at the time of renewal every year.

  Concessions during Festival Bonanza Scheme from 21.09.2017 to 31.03.2018: For TL/WCTL facilities: Concession of 50% on the applicable processing charge, For Overdraft facilities: Concession of 50% on the applicable processing charge on the limit sanctioned at the time of sanction only. However, the normal processing charge (i.e. without the above said concession) shall be applicable at the time of renewal every year.
Repayment

Term Loan:Repayable in maximum upto 10 years, including moratorium period of maximum of 12 M

Working Capital Term Loan: Repayable in maximum upto 5 years, subject to annual review.

Overdraft Facility: Repayable on demand. Interest shall be recovered immediately when due.

Guarantee Personal guarantee of owners of property, spouse/ major son of prop., directors/partners
Concession in ROI for MSMEs Only
  • Concession of 1.00% in RoI for cases, where after maintaining the stipulated margin requirements, the residual portion of the security offered as primary security to the credit facility is available to the tune of 100% or more
  • Concession of 0.25% in RoI for cases, where external credit rating is 1 to 4 by SMERA, ICRA, ONICRA or CRISIL
  • Concession of 0.25% in RoI if account is classified under Priority Sector Advances.

The maximum concessions in RoI under any of the Scheme shall not exceed 1.25% in any case.

 
10. PSB SME Liquid Plus
 
Purpose To provide timely, hassle-free and adequate credit delivery to meet the liquidity mis-matches and expenses incurred on activities like R&D, Product Development, Marketing and Branding, stocking the seasonally available raw material etc.
Eligibility

Credit facility against agricultural property is strictly not permitted. Credit facility shall not be permitted against security of immovable property wherein Educational/ Religious Institutions are located. Vacant land may preferably be not taken as security under the scheme.

  • Micro, Small & Medium Enterprises engaged in the manufacturing and services sector.
  • The existing MSMEs with good track record as well as new MSMEs having satisfactory Due Diligence Report.
  • The MSMEs may be an Individual, Proprietor, Partnership firm, Private/Public Limited Company, Co-operative Society.
  • The property of following close relatives may be considered subject to becoming of their co-borrower in the facility
    Spouse Father Mother Son Son’s Wife
    Daughter Daughter’s Husband Brother Brother’s Wife Sister
    Sister’s Husband Spouse’s Brother Spouse’s Sister Spouse’s Mother Spouse’s Father
  • With a view to restrict the practice of diversions of funds and misutilization of the credit facilities availed from the Bank by the business concerns to strengthen their financials with other banks, it is advised that for the customers availing credit facilities under the PSB SME Liquid Plus Schemes, the pre condition shall be to maintain the Working Credit Limit accounts with our Bank only and not with any other bank/financial institution
Quantum of Finance Minimum: Rs 10 lacs Maximum Rs.500 lacs
Quantum of Finance is subject to
  • Need based credit facility with maximum of 65% of realizable value of immovable property.
  • The running account component is restricted to Rs 2 Cr within the overall limit, however term loan as single component can be considered upto Rs 5 Cr.
  • Security in the form of NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements.
Rate of Interest

Term Loan facilities repayable upto 5 years: 1 year MCLR + 1.85%

Term Loan facilities repayable above 5 years: 1 year MCLR + 2.05%

For Overdraft facilities: 1 year MCLR + 1.60%

Processing Charges:

For Term Loan: @1% of the loan amount with Minimum of Rs.2000/-

For Overdraft Facility: @ 0.50% of limit sanctioned and to be collected on sanction and at the time of renewal every year.

  Concessions during Festival Bonanza Scheme from 21.09.2017 to 31.03.2018: For TL facilities: Concession of 50% on the applicable processing charge, For Overdraft facilities: Concession of 50% on the applicable processing fee on the limit sanctioned at the time of sanction only. However, the normal processing charge (i.e. without the above said concession) shall be applicable at the time of renewal every year.
Repayment

For Term Loan: Maximum upto 7 years.

For Overdraft: Repayable on demand. Interest shall be recovered immediately when due.

Guarantee Personal guarantee of owners of property, spouse/ major son of prop., directors/partners
Concession in ROI for MSMEs Only

The maximum concessions in RoI under any of the Scheme shall not exceed 1.25% in any case.

  • Concession of 1.00% in RoI for cases, where after maintaining the stipulated margin requirements, the residual portion of the security offered as primary security to the credit facility is available to the tune of 100% or more
  • Concession of 0.25% in RoI for cases, where external credit rating is 1 to 4 by SMERA, ICRA, ONICRA or CRISIL
  • Concession of 0.25% in RoI if account is classified under Priority Sector Advances.
 
11. PSB Contractor Plus
 
Purpose

a) Working capital: Fund Based & NFB facilities limits to meet day to day requirement / materials / labour payment / statutory payments.

b) Term Loan: For purchase of Plant & Machinery / Equipment / Transport Vehicles to be used for the execution of contract work.

c) Bank Guarantee: For bidding of tenders, mobilization of advance money, performance of the contract, guarantee in favour of Central / State Govt & its various departments and reputed Pvt. / Ltd. companies, guarantee for release of retention money.

Eligibility

MSME units engaged in the Contractor/ Subcontractor activity.

Sub-contractors executing work on behalf of main contractors are also eligible under this provided sub letting is through registered agreement and all required permission and licenses / registration are available.

Borrowers can be Individual(s) / Sole Proprietorship / Partnership firm/ HUF/Joint Venture/Joint Stock Company or any other entity engaged in this line of activity.

Nature of Credit facility

Working Capital facility: Overdraft against property (ODP).

Term Loan

Non Fund: Bank guarantee

Quantum of Finance
Minimum: Rs 10.00 Lakh
Maximum: Rs 2000.00 Lakh

80% of the realizable value of the property mortgaged

Rate of Interest

For Overdraft facilities: 1 year MCLR + 2.00%

For Term Loan facilities repayable upto 10 years: 1 year MCLR + 2.75%

Security Equitable mortgage of immoveable property . 80% of the realizable value of the property mortgaged
Repayment
ODP : On demand.
Term Loan : Repayment in maximum upto 10 years
BG : Tenor of BG not to exceed 10 years.
Processing charges:

For Term Loan/ Working Capital Term Loan: @1% of the loan amount with minimum of Rs.2000/-.

For Overdraft Facility/ BG: @ 0.50% of limit.

   

PSB Flexi Term Loan

Type of facility PSB Flexi Term Loan is a pre approved term loan, bundled with PSB Contractor Plus, with an aim to provide term loan assistance to contractors in a smooth and hassle free manner.
Eligibility All MSME credit constituents having satisfactory credit history of minimum 1year with bank and having working capital facility backed by property as primary or collateral.PSB flexi term loan will be sanctioned with working capital limit under PSB Contractor Plus of Rs.1.00 Crore and above.
Purpose Term loan for purchase of machinery, equipment, commercial vehicles, furniture & fixture.
Quantum of Finance Term loan of maximum 25% of the working capital limit.
Margin 25%
Repayment Period 5 years (60 EMI).
Processing Charges One time charges of 1.00% at the time of disbursement.
Rate of Interest One Year MCLR + 2.00%
 
12. PSB Gold Loan
 
Purpose Loans to individuals for productive (agriculture/allied activities, micro & small enterprises etc.) and consumption purposes against the security of Gold jewellery/Ornaments and Gold Coins.
Eligibility Fully KYC Compliant Customers including staff members and ex-staff and their family members.
Nature of Credit facility 1) Demand Loan 2) Term Loan
Quantum of Finance
Minimum: Rs 1000.00
Maximum: Rs 25.00 Lakh
Rate of Interest
• Loan /Limits up to Rs 2.00 Lakh : 1 year MCLR + 1.00%
• Loan /Limits above Rs 2 Lakh and up to Rs 10 Lakh : 1 year MCLR + 1.75 %
• Loan /Limits above Rs 10 Lakh and up to Rs 25 Lakh : 1 year MCLR + 2.25%
Scale of Finance 75/65% of value of gold ornaments/jewellery arrived at the rate per gram of gold notified by the Bank on daily basis.
Repayment
Demand Loan : On demand.
Term Loan : For Agriculture loans Max. repayment period upto 24 months.
  For Other loans Max. repayment period upto 12 months.
Processing charges:
  • Loan/Limits up to Rs. 2.00 lakh : 500/-
  • Loan/Limits above Rs. 2.00 lakh : 0.50% subject to a maximum of Rs.10000/-
For Hot Listing (Blocking)
ATM/Rupay Cards
(By SMS) 9223815844
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(By SMS) 8828837411
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(Call) 1800-22-1908
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(By Missed Call) 7039035156 (Toll Free)
All India Toll Free 1800-419-8300