CIRCULAR
The Board of Directors in its meeting held on 11.11.2014, has resolved to implement the following amendments in NSC/ KVP lending rules with effect from 01.12.2014:
i) Rate of Interest is raised to 15% p.a.
ii) Processing Charge is increased to Rs.300 for loan amount upto Rs. 1 lac and Rs.500 for loan amount above Rs. 1 lac. Again Processing fee will depend on no. of certificates:
a. If no of certificates is <= 10 then processing fee will be Rs.300.
b. If no of certificates is <= 20 then processing fee will be Rs.400.
c. If no of certificates is > 20 but <= 40 then processing fee will be Rs.500.
d. If no of certificates is more than 40, loan will be split into 2 or more no.s, as required.