Agri General Purpose Credit Card Objective To provide liquidity to meet any financial needs relating to Agricultural Investments or Consumption. Eligibility Customers in rural and semi-urban areas, members of Self Help Groups and Joint Liability Groups Purpose For any genuine purpose Amount Maximum limit Rs.1 Lakh Margin Margin up to Rs. 50,000/ -- Nil Above Rs.50, 000/- -- 10 to 15 %. Security Nil Repayment The GCC is valid for Three Years subject to an annual review. Holiday Period NA Rate of Interest Varies from Time to time. Presently one year MCLR+1.40%. Remarks It is based on assessment of cash flow. It is a Cash Credit. No card issued & no Cheque book or Pass book issued & withdrawal by loose cheque. Women given preference For other details, please contact your nearest IOB branch.
Agri General Purpose Credit Card
Objective
To provide liquidity to meet any financial needs relating to Agricultural Investments or Consumption.
Eligibility
Customers in rural and semi-urban areas, members of Self Help Groups and Joint Liability Groups
Purpose
For any genuine purpose
Amount
Maximum limit Rs.1 Lakh
Margin
Margin up to Rs. 50,000/ -- Nil
Above Rs.50, 000/- -- 10 to 15 %.
Security
Nil
Repayment
The GCC is valid for Three Years subject to an annual review.
Holiday Period
NA
Rate of Interest
Varies from Time to time. Presently one year MCLR+1.40%.
Remarks
For other details, please contact your nearest IOB branch.