Eligibility | Members / Nominal Members of the Bank including illiterate, If N.S.C. is in the name of minor, Guardian of minor can avail loan for the benefit of former. |
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Purpose | Personal exigencies / Business |
Amount | Demand loan |
Margin | 25% of face value of NSC with residual maturity period is more than 3 years. 15% of face value of NSC with residual maturity period is less than 3 years. |
Repayment | Maximum four years or maturity of NSCs whichever is earlier. |
The Malad Sahakari Sahakari Bank Ltd is registered with DICGC
(https://www.dicgc.org.in)