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Advance Against the security of Indira Vikas Patra
Nature of facility - Demand Loan
Margin - 25%
Amount of advance
- Minimum: Rs.3000/-
- Maximum: No ceiling
Rate of Interest - 3.0% above BPLR
Processing Charges - 0.25% on the loan amount
- Minimum: Rs.100/-
- Maximum: Rs.1000/-
Repayment Period - Maximum 35 EMIs or within the maturity period
Security/Documentation - As per Bank's norms
The issuance of Indira Vika Patra has since been discontinued by thePost offices since 15/7/1999
To know the current interest rates Click here.
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