An advance on Gold Jewels will be granted to Nominal Members of the Bank at the discretion of the Branch Manager or the Officer authorized by the Board from time to time.
| Purpose | To meet agricultural expences , regular expenses and other unforeseen commitments / contingencies and investment / domestic purposes |
| Eligibility | Credit-worthy SB Account holders with satisfactory dealings or new customers properly introduced and credit-worthy persons. Loanees must be the Nominal Member of the Bank |
| Security | All individuals being true owner of the gold ornaments/jewellery |
| Quantum | Minimum Rs.1000/- and Maximum Rs.8,00,000/- per party |
| Period | One Year. |
| Interest Rate | As fixed by Bank from time to time |
| Repayments |
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| Documents Required | Application form in prescribed form available in bank branchs Appraisal by the Jewel Appraiser ( Bank will Arrange) |
| Other Facilities | Gold Ornaments are covered under Insurance |