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Eligibility

Members/Nominal Members of the Bank including illiterate persons. If NSC is in the name of a minor, the guardian of the minor can avail the loan for the benefit of the former.

Purpose

Personal exigencies/Business.

Amount

Demand Loan.

Margin

As per Banks Guidelines*

Repayment

Maximum four years or maturity of NSCs, whichever is earlier.

Rate of Interest

Interest will be applicable as per the Bank's prevailing Interest rates and scheme terms. click here