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Purpose |
To meet personal needs of the customers who are salary earners. |
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Eligibility |
- Applicants salary should be with the branch.
- Customer should be in permanent employment at least for 2 years with corporate/mid corporate/central or state govt/ co-op society.
- Minimum take home salary should be Rs 6000/p.m. (Average of last 6 months to be taken).
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| Nature of Facility: |
Overdraft in Saving Account. |
| Amount : |
50% of one month take home salary or Rs 25000/ whichever is Less. |
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Margin : |
Generally 25%, which can vary according to requirement and assessment. |
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Rate of Interest |
Click here to view the Interest Rate |
| Security |
Clean. |
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Other Conditions: |
- Eligible amount to be decided on the basis of last six Months take home salary, repayment obligations, Regular credit of salary.
- Existing account holders can also opt for the scheme.
- In case of change in take home pay existing limit can be adjusted.
- Interest on credit balance if limit is not availed. Interest on debit balance be charged on monthly basis.
- Employer be kept informed about availment of facility.
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