Recuring Deposite
Loan can be availed by A-class Members only. A loan can be availed against the security of land mortgage / immovable property. The maximum limit that can be advanced under this scheme will be Rs.4,00,000/- (Rs.Four lakh only). The loan can be availed only for raising the fund for the marriage of the applicant or direct blood-related persons (son, daughter, etc). A copy of the invitation letter should be submitted to prove the purpose. Interest will be calculated under the EMI method. All the loans should be remitted in monthly installments. 3% overdue interest will be charged on the overdue installment in addition to the normal rate whenever an installment becomes overdue
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