GOVt. securities :

Loans against NSC/ Surrender Value of LIC Policy.

Who can Borrow
  • Must be Banks Member
Any business or personal purpose.
  • National Saving Certificates should be at least 2 years old.
  • Bank's lien to be noted on the National Saving Certificates with the Post office. Similarly, in case of other securities, with the respective issuing authorities wherever necessary.
  • In case of LIC Policies, the same should be assigned in favour of the Bank and the assignment notice should be issued to the insurance company and noted with them.
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