Are you in need of financial flexibility to tackle various social and legal expenses? Uttar Bihar Gramin Bank offers a convenient solution with our Overdraft against Bank Term Deposit. Let’s explore how you can access the funds you require:
Table of Contents
Loan Purpose
Our Overdraft against Bank Term Deposit is designed to provide you with funds that can be used for various social and legal purposes.
Eligibility
This facility is available to all account holders of Uttar Bihar Gramin Bank.
Nature of Facility
You have the option to choose between a demand loan or an overdraft, depending on your specific financial needs.
Margin
- Against Bank Term Deposit: A margin of 10% is required.
- Against LIC: 10% of the surrender value.
- Against NSC, KVP: 40% of the face value.
Interest Rate
The interest rate varies based on the type of security you provide:
- Against Bank Term Deposit: 1% more than the applicable rate.
- Against approved other security: 12.5%.
KYC
Mandatory completion of Know Your Customer (KYC) requirements.
With Uttar Bihar Gramin Bank’s Overdraft against Bank Term Deposit, you gain access to a convenient source of funds that can be used for a wide range of social and legal expenses. Our casual and customer-friendly approach ensures that you can discuss your unique requirements with us, and we’ll tailor a solution that best fits your needs.
Don’t let financial constraints hold you back from addressing important social and legal matters. Reach out to Uttar Bihar Gramin Bank today to unlock the cash flow you need for peace of mind.
