Note:- No rebate will be given on loans taken with effect from 04/04/2016 as interest has been reduced by 1%. However, 1% rebate as per the existing rules will continue to be given for loans taken before 04/04/2016
0.5% rebate in interest on loan to a member belonging to SC/ST category provided a certified copy of the certificate that he belongs to this category is submitted along with the loan form and it is verified from original
# Interest on Loans are compoundingly charged at monthly intervals on daily product basis.
* On overdue amount of all loans, 3% additional interest in the form of penalty will be charged