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  •   Dear Customer, ensure registering your mobile and email with your account to get updates and alerts in time.

      

      With effect from 1st July 2022, Cash transactions timing of branches will be reduced by 1:00 Hours from existing cash transactions timing hours.

      

      Dear Customer,Bank has started SMS Charges of Rs.10+GST per quarter on all saving,current and CC account w.e.f 01/12/2021.If you not want SMS facility kindly visit our nearest branch.After deregister for SMS service,you will not get any transactional SMS.

      
  • (079) 26426582/84/88

SSI Scheme

Bank has formulated a new scheme to encourage small scale units covered under Small Scale Industries.

SrNo. Particulars Remarks
1 Loan Amount Rs.2.00 Crores (Rupees Two Crores only)
2 Type of Facility Working Capital and /or Term Loan
3 Margin Working Capital: Stock:30%,Debtors:40%
Term Loan: Land &amamp; Building 20% Machinery:20%
4 Collateral security Value 100% or More of loan amount.
5 Interest Rate 8%* to 11%* P.A. for working capital & Term loan.
(The utilization of the limits shall not be limiting Factor.)
6 Other Conditions * Unit should be in commercial production for more than 2 years.
* 1% reduction in interest rate for first year in case of takeover from other Bank by way of Flat Takeover Rebate.
* Processing Charges and Share Linkage as per prevailing schedule.
* The scheme is applicable to new accounts only.
* Sanctioning under above scheme will be as per existing discretionary lending powers.
* Group Exposure limit should not be more than Rs.4.00 Crores.
*Requirement of SSI Registration Certificate or other certificate classifying the unit as SSI Unit.

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