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Ab Anand Jeevan
 

This scheme is implemented only in certain identified Branches

 

 Eligibility


  • Senior citizens of India who own self-acquired orinherited & self-occupied
    house property in India provided the title is clear and the property is free from any
    encumbrances
  • Commercial property is not eligible under this scheme.
 
 Age

  • Above 60 years
  • Age of the spouse should be above 55 years
 
Purpose

  • Medical, emergency expenditure for maintenance of family
  • For supplementing pension/other income
  • Meeting any other genuine needs.
 
 Loan amount


Minimum of Rs.5.00 lacs and Maximum Rs. 100.00 lacs. (subject to 90% of the realizable value of the property)

 
 Periodicity of availing Loan

  • Monthly / quarterly payments
  • Lump-sum payment

In case of lump-sum payment the following guidelines are to be observed:

  • The lump-sum payment is to be considered for special requirements like Medical exigencies, home improvement, maintenance, up-gradation, renovation, extension of residential property against which loan is being raised.
  • Lumpsum payments may be conditional and limited to medical exigencies. The maximum lumpsum payment shall be restricted to 50% of the total eligible amount of loan; subject to a cap of Rs. 15.00 lakhs or such other amounts as may be notified by the Government of India, to be used for medical treatment for self, spouse and dependants, if any. The balance loan amount would be eligible for periodic payments.
 
Repayment period

Maximum 15 years
 
 Security

Mortgage of residential property has to be registered.
 
Prepayment

No penalty for prepayment
 
 Processing fee

0.25% of the loan amount with a maximum of Rs.4000/- plus Service Tax.
 
Insurance and maintenance of house property

The property is insured for its full market value (excepting the value of site)
 
 Duties of the borrower

To submit Life Certificate periodically
 
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News & Events


AS A PART OF RISK MITIGATION MEASURE, DEBIT CARDS ISSUED AFTER 30-11-2013 ARE ENABLED FOR DOMESTIC TXNS ONLY. FOR FURTHER DETAILS PLEASE CONTACT OUR BRANCH.

You can now donate to Shri Saibaba Sansthan Trust, Shirdi through IMPS-Mobile Banking.

Presentation to Analysts

Our Total Income during 12M of FY’12-13 increased to Rs. 13,957 Crore, recording a growth of 14.4%.

Form 15G/15H has to be submitted afresh at the beginning of each financial year to avail exemption/concession in TDS. Quoting of PAN is mandatory for availing such exemptions/concessions.

All our Banks’ cheques are “payable at par henceforth. We request all our customers to surrender their old cheque books at their account branch and obtain CTS 2010 Standard Cheque books immediately.

We request all our customers who have issued postdated cheques for repayment of loan installments for loans availed by them to replace the old PDCs with new CTS 2010 Standard cheques.

Online Grievance Redressal System with Tracking

Online Applications for MSME and Retail Loans

Online Donations to charitable institutions through net banking

Online resetting of Internet Banking Login Password

Interbank transfer of Funds through Mobile Banking using IFSC code

Housing loans - festive offer: 100% waiver of processing charges and assured speedy processing, sanction within 5 working days.

As per RBI mandate, cash retraction facility is discontinued from our ATMs. Do not forget to collect cash before leaving ATM room.

Any customer could walk in to deposit money in any branch of the bank if the account is in any other branch of the bank to which he wants to deposit the money and there will be no charges on this for any amount

Fictitious Offers of Cheap funds from abroad - Awareness Campaign - List of Nodal Agency (Cyber Crime Cell / Economic Offence Wing)

Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad

PPF and SCSS schemes

Do Not fall Prey to Fictitious Offers of Funds Transfer

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