Overdraft Facility to Salaried Employees having Salary Account with Coop. Bank

Beneficiary The beneficiary will be a regular/permanent employee of Punjab Govt., Semi Govt., Autonomous Bodies, Boards & Corporations, Apex, District, Cooperative Institutions or any other organization with the approval of BOD, whose salary is being credited in the saving account of bank branch.
Loan Limit Maximum 4 Lakh
Rate of Intt 13%
Margin No margin money required.
Repayment Period Renewable each year.
Collateral Security Two Good Sureties as per satisfaction of the bank.
Area of Operation Loan shall be advanced in the area operation in the Muktsar district.