/

GOVt. securities :

Loans against NSC/ Surrender Value of LIC Policy.

Who can Borrow
  • Must be Banks Member
 
Purpose
Any business or personal purpose.
 
Prerequisites
  • 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.
 
 
 
 
 
 
 
© 2009. All rights reserved.
  Website design by | WebDreams.in