You are on page 1of 4

Introduction of Personal Loan Scheme to Employees of Maharatna / Navratna / Major PSUs CENT RATNA Scheme.

. All other terms & conditions will be same as that of Banks Personal Loan to Corporate Employees. 1 2 3 Purpose Eligibility Loan Amount To meet any Personal / Domestic expenses but not for speculative purpose. Permanent employees of any Maharatna/Navratna/Major PSUs. 20 times of Gross Salary. Maximum Rs. 6,00,000/- per employee. 4 5 6 Guarantee Repayment Interest Rate Personal guarantee of one co-employee of worth at least equal to loan amount. Maximum 60 equated monthly installments commencing from one month after the month of disbursement. Base Rate + 4.00%. However, interest concession of 50 basis points shall be provided to the borrower maintaining and operating Salary Account with the Banks Branch. Rs.1000/- plus applicable service tax. This is to be inclusive of CCPC charge. i) ii) iii) iv) i. ii. iii. iv. v. Issuance of ATM cum Debit card Internet banking SMS Alert facility 5 Drafts free up to total amount of Rs.1,00,000 in a month. Net take home pay after taking into account the proposed loan installment should not be less than 40% of the gross salary. Maintaining of salary account is not compulsory. Borrower to open saving account with minimum balance of Rs.10,000/and the account should be operative during the tenure of the loan. Copy of borrowers mandate to be sent to the employer for salary deduction of EMI and remittance to the Bank be lodged with the Branch wherever feasible. ECS Mandate to be obtained from the prospective borrowers and registered with the Banker where the salary of borrower is credited and acknowledged copy to be held on records or monthly Post dated cheques of salary account should be obtained.

7 8

Processing Fee Additional Facilities Other Terms & Conditions

ANNEXURE-I.

LIST OF MAHARATNA/NAVARATNA/MINIRATNA(OTHER PSUs) CPSEs

Maharatna CPSEs 1. 2. 3. 4. 5. Coal India Limited Indian Oil Corporation Limited NTPC Limited Oil & Natural Gas Corporation Limited Steel Authority of India Limited

Navratna CPSEs

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.

Bharat Electronics Limited Bharat Heavy Electrical Limited Bharat Petroleum Corporation Limited GAIL (India) Limited Hindustan Aeronautics Limited Hindustan Petroleum Corporation Limited Mahanagar Telephone Nigam Limited National Aluminium Company Limited NMDC Limited Neyveli Lignite Corporation Limited Oil India Limited Power Finance Corporation Limited Power Grid Corporation of India Limited Rashtriya Ispat Nigam Limited Rural Electrification Corporation Limited Shipping Corporation of India Limited

Miniratna Category - I CPSEs


1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. Airports Authority of India Balmer Lawrie & Co. Limited Bharat Dynamics Limited BEML Limited Bharat Sanchar Nigam Limited Bridge & Roof Company (India) Limited Central Warehousing Corporation Central Coalfields Limited Chennai Petroleum Corporation Limited Cochin Shipyard Limited Container Corporation of India Limited Dredging Corporation of India Limited Engineers India Limited Ennore Port Limited Garden Reach Shipbuilders & Engineers Limited Goa Shipyard Limited

17. 18. 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48.

Hindustan Copper Limited HLL Lifecare Limited Hindustan Newsprint Limited Hindustan Paper Corporation Limited Housing & Urban Development Corporation Limited India Tourism Development Corporation Limited Indian Railway Catering & Tourism Corporation Limited IRCON International Limited KIOCL Limited Mazagaon Dock Limited Mahanadi Coalfields Limited Manganese Ore (India) Limited Mangalore Refinery & Petrochemical Limited Mishra Dhatu Nigam Limited MMTC Limited MSTC Limited National Fertilizers Limited National Seeds Corporation Limited NHPC Limited Northern Coalfields Limited Numaligarh Refinery Limited Pawan Hans Helicopters Limited Rashtriya Chemicals & Fertilizers Limited RITES Limited SJVN Limited Security Printing and Minting Corporation of India Limited South Eastern Coalfields Limited State Trading Corporation of India Limited Telecommunications Consultants India Limited THDC India Limited Western Coalfields Limited WAPCOS Limited

Miniratna Category-II CPSEs


49. 50. 51. 52. 53. 54. 55. 56. 57. 58. 59. 60. 61. 62. 63. Bharat Pumps & Compressors Limited Broadcast Engineering Consultants (I) Limited Central Mine Planning & Design Institute Limited Ed.CIL (India) Limited Engineering Projects (India) Limited Ferro Scrap Nigam Limited HMT (International) Limited HSCC (India) Limited India Trade Promotion Organisation Indian Medicines & Pharmaceuticals Corporation Limited M E C O N Limited National Film Development Corporation Limited National Small Industries Corporation Limited P E C Limited Rajasthan Electronics & Instruments Limited

You might also like