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The Punjab State Cooperative Bank Ltd.

LOAN SCHEMES

AGRICULTURE LOAN

Short Term Crop Loan
Beneficiary:Farmers.
Purpose:Production of Crops
Loan Limit:As per land holding and scale of finance.
Rate of Intt:Click Here
Margin:No Margin money required.
Repayment Period:Half Yearly linked with Harvesting.
Collateral Security:Nill.
Medium Term Agriculture Loan
BeneficiaryFarmers
PurposeInvestment credit for installation of pump set, purchase of Agriculture implements, land reclamation, construction of bunds, polutry, piggery, purchase of mich cattle, gobar gas plant.
Rate of Interest*Click Here
MarginAs per scheme.
Repayment PeriodFive Years
Collateral SecurityAs per scheme.
Beneficiary:Farmers.
Purpose:Investment credit for installation of pump set, purchase of Agri. implements, Land reclamation, Construction of bunds, Poultry, Piggery, Purchase of Milch Cattle, Gobar Gas Plant.
Rate of Intt:Click Here
Margin:As per Scheme.
Repayment Period:Five Years.
Collateral Security:As per Scheme
Revolving Cash Credit to Farmers(RCC)
Beneficiary:Any individual farmer holding the agricultural land.
Purpose:Credit facility for meeting out socio-economic needs.
Loan Limit:Maximum amount Rs.15.00 Lac. Subject to Rs.1.50 Lac per acre
Rate of Intt:Click Here
Margin:No Margin required.
Repayment Period:Renewable on annual basis
Collateral Security:Agriculture Land valuing at 150% of the loan amount.
Credit for setting up of Agricultural Service Center
Beneficiary:Any individual farmer holding the agriculture land
Purpose:To purchase the agricultural implements.
Loan Limit:Maximum amount Rs 8.5 Lacs.
Rate of Intt:Click Here
Margin:12%
Repayment Period:Maximum 5 years.
Collateral Security:Collateral security valuing 150% of the loan amount.
Installment per lac:Rs 2225.00 for 5 years.
Piggery Loan Scheme
Beneficiary:Individual entrepreneurs, farmers, producer companies, partnership firms, corporations, NGOs, SHGs, JLG,s and Cooperatives.
Purpose:Setting up of pig rearing and breeding farms.
Loan Limit:Maximum amount upto Rs.10.00 lacs
Rate of Intt:Click Here
Margin:15%
Repayment Period:Maximum 5-6 years in equated monthly installments including grace period of one year.
Collateral Security:Time pronote, hypothecation of the animals to be financed by the bank, guarantee of two persons having sufficient net worth and should be nominal member of the bank. No collateral security for loan upto Rs.1.00 lac. Loan for Rs.1.00 lac and above will be sanctioned on mortgage of landed property whose value should not be less than 150% of the loan amount.
Goat Rearing Loan Scheme
Beneficiary:Individual entrepreneurs, farmers, producer companies, partnership firms, corporations, NGOs, SHGs, JLG,s and Cooperatives.
Purpose:Setting up of goat rearing unit
Loan Limit:Maximum amount upto Rs.5.00 lacs
Rate of Intt:Click Here
Margin:15%
Repayment Period:Maximum 7 years in equated monthly installments including grace period of two years.
Collateral Security:Time pronote, hypothecation of the animals to be financed by the bank, guarantee of two persons having sufficient net worth and should be nominal member of the bank. Mortgage of the landed property whose value should not be less than 150% of the loan amount.
Fishery Development Scheme
Beneficiary:Individual entrepreneurs, farmers, producer companies, partnership firms, corporations, NGOs, SHGs, JLG,s and Cooperatives.
Purpose:Construction of new fish pond/renovation of existing fish pond working capital requirments etc.
Loan Limit:Maximum loan amount upto Rs.10.00 lacs including working capital limit
Rate of Intt:Click Here
Margin:15%
Repayment Period:Maximum 9 years in equated monthly installments including grace period of one year.
Collateral Security:Time pronote, hypothecation of the fishes to be financed by the bank, guarantee of two persons having sufficient net worth and should be nominal member of the bank. Mortgage of the landed property whose value should not be less than 150% of the loan amount.
Bee Keeping Loan Scheme
Beneficiary:Individual entrepreneurs, farmers, producer companies, partnership firms, corporations, NGOs, SHGs, JLG,s and Cooperatives.
Purpose:Setting up of bee keeping unit
Loan Limit:Maximum amount upto Rs.10.00 lacs
Rate of Intt:Click Here
Margin:15%
Repayment Period:Maximum 7 years in equated monthly installments including grace period of 6 months
Collateral Security:Time pronote, hypothecation of the bee-keeping boxes to be financed by the bank, guarantee of two persons having sufficient net worth and should be nominal member of the bank. Mortgage of the landed property whose value not less than 150% of the loan amount.

DAIRY LOAN

Dairy Loan to members of MPACS
Beneficiary:Members of Coop. Milk Producers Societies.
Purpose:Purchase of maximum 2 miltch cattle.
Loan Limit:Maximum amount uptoRs. 1.00 lac
Rate of Intt:10.25%
Margin:10%.
Repayment Period:Maximum 5 years in equated monthly or quarterly installments with option of 3 months moratorium as per requirement
Securities:No Guarantee for loan upto Rs.50,000/- or for one animal. For loan more than Rs.50,000/- or more than one animal:- guarantee by one person who should be nominal member of the bank. The guarantor should be the owner of at least one acre of agricultural land or a govt./ semi govt/ board/ corporation/ cooperative employee having remaining service more than the tenure of loan.
Mini Dairy Scheme
Beneficiary:Members of Coop. Milk Producers Societies.
Purpose:Purchase of upto 10 miltch cattle.
Loan Limit:Maximum amount up-to Rs. 5.00 Lac. Rs.  0.50 lakh per animal
Rate of Intt:Click Here
Margin:15%.
Repayment Period:Maximum 5 years 
Securities:Mortgage of landed property value of 150% of the loan amount. Also guarantee of two persons who shall be nominal members of the banks.
Commercial Dairy Loan
Beneficiary:Any Individual, Partnership Firm, corporate body and any other Co – operative organization.
Purpose:To increase the income of milk producers by helping them to purchase High yielding milch cattle, construction of shed and to purchase of equipments.
Loan Limit:Maximum amount up-to Rs. 50.00 Lac.
Rate of Intt:Click Here
Margin:15%
Repayment Period:Maximum 9 years.
Collateral Security:Mortgage of landed property value of 150% of the loan amount. Guarantee of two persons who shall be nominal members of the bank.

EDUCATION LOAN

Education Loan
Beneficiary:Salaried employees of Coop. banks, Punjab Govt / Chandigarh Administration and its boards & Corporation.
Purpose:To provide financial assistance to deserving and meritorious student for Pursuing higher studies in India or abroad.
Loan Limit:Maximum amount up-to Rs. 15.00 Lac.
Rate of Intt:Click Here
Margin:No Margin required.
Repayment Period:The installment will start after completion of course. Maximum 5 years.
Collateral Security:Mortgage of landed property value of 150% of the loan amount. For the loan up to Rs. 5.00 lac, no Immovable security is required. If the loanee is the employee of Punjab Govt.or Coop.Deptt. etc. Two guarantors known to the bank will also be taken.
Cooperative Education Loan Scheme children of poor farmers,Dalits,BC etc.
Beneficiary:Children of poor farmers, Dalits, BC, and other poor sections.
Purpose:To provide financial assistance to deserving and meritorious students for Pursuing higher studies in India or abroad.
Loan Limit:Maximum amount up-to Rs. 10.00 Lac.
Rate of Intt:Click Here
Margin:No Margin required.
Repayment Period:The installment will start after completion of course. Maximum 5 years.
Collateral Security:Mortgage of landed property value of 100% of the loan amount.

EMPLOYEE LOAN

Personal Loan
Beneficiary:Employees of Punjab Govt., PSU, Boards, Corporations etc.
Purpose:Credit Facility for meeting out socio-economic needs.
Loan Limit:15 times of gross monthly salary or Rs. 4.00, whichever is less.
Rate of Intt:Click Here
Margin:No Margin required.
Repayment Period:Maximum 7 years.
Collateral Security:Two Good Sureties as per satisfaction of the bank.
Personal Loan for Professionals
Beneficiary:Individuals practicing as professionals such as doctors, advocate, chartered engineers, chartered accountants, company secretary, architects, I.T professionals, interior designer, academicians running coaching centers.
Purpose:Credit facility for meeting out socio-economic needs.
Loan Limit:1.5 times of Net Annual Income or Rs.5.00 lac, whichever is less.
Rate of Intt:Click Here
Margin:No margin money required.
Prepayment Option:Borrower can make the part pre-payment of the loan. No penalty will be charged.
Repayment Period:Maximum 7 years.
Collateral Security:The valuation of the collateral security shall be 150% to the loan amount. In addition to that one guarantor known to the bank will also be taken.
Consumer Durable Loan
Beneficiary:permanent employee of organised sector where provident fund is deducted
Purpose:For the establishment of cottage, tiny and SSI unit.
Loan Limit:10 times of gross monthly salary or 75% of cost of article to be purchased or Rs. 2.00 lac whichever is less.
Rate of Intt:Click Here
Margin:No Margin required.
Repayment Period:Maximum 5 years.
Collateral Security:Two Good Sureties as per satisfaction of the bank.
Overdraft facility
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 3.00 Lakh
Rate of Intt:Click Here
Margin:No margin money required.
Repayment Period:Renewable each year.
Collateral Security:Two Good Sureties as per satisfaction of the bank.

HOME LOAN

Rural Housing Loan
Beneficiary:Individual and Members of Coop. Housing Societies.
Purpose:Purchase of built up house, construction of new house, repairs / Renovation and addition of existing house in rural areas.
Loan Limit:Maximum amount up-to Rs. 15.00 Lac.
Rate of Intt:Click Here
Margin:15%
Repayment Period:Maximum 15 years.
Collateral Security:Agricultural land for the value of 100% of the loan amount besides the Mortgage of house to be financed by the bank. Two good sureties also to be taken
Urban Housing Loan
Beneficiary:Individual and Members of Coop. Housing Societies.
Purpose:Purchase of built up house or flat, construction of new house, repairs/Renovation and addition of existing house in urban areas.
Loan Limit:Maximum amount up-to Rs. 25.00 Lac.
Rate of Intt:Click Here
Margin:25%
Repayment Period:Maximum 15 years.
Collateral Security:First mortgage of House Property to be financed by the bank.

LOAN AGAINST PROPERTY/RENTAL INCOME

Loan against Property
Beneficiary:Any Individual
Purpose:To offer instant solutions relating to socio-economic needs and business Needs such as children’s higher education, Travel, daughter’s marriage Medical emergencies etc.
Loan Limit:Maximum amount up-to Rs. 25.00 Lac. 3 times of the net annual income or 50% of the value of the property, whichever is less.
Rate of Intt:Click Here
Margin:No Margin required.
Repayment Period:Maximum 6 years.
Collateral Security:200% of the loan amount
Loan against Rental Income
Beneficiary:Owners of the Property who have let out or proposed to be let out the same to reputed company.
Purpose:For meeting business/ personal needs.
Loan Limit:Maximum to the extent of 50% of post TDS Rent Receivable for a period.
Not exceeding 120 months or un- expired period of lease or Rs 25.30 Lac whichever is less.
Rate of Intt:Click Here
Margin:50%
Repayment Period:Maximum 10 years.
Collateral Security:Mortgage of landed property value of 150% of the loan amount.

SHAKTI SCHEME

Mai Bhago Loan
Beneficiary:Any women beneficiaries’ member of the PACS
Purpose:To establish the micro or small business in rural areas
Loan Limit:Rs. 25,000 through PACS.
Rate of Intt:Click Here
Margin:No Margin required.
Repayment Period:Maximum 5 years.
Collateral Security:One good Surety having landed property.
Installment:Rs. 541.00 for 5 years.
Bhai Lalo Sehkari Kirt Shakti Scheme
Beneficiary:Any men/women beneficiaries’ member of the PACS
Purpose:To establish the micro or small business in rural areas
Loan Limit:Rs. 25,000 through PACS.
Rate of Intt:Click Here
Margin:No Margin required.
Repayment Period:Maximum 5 years.
Collateral Security:One good Surety having landed property.
Installment:Rs. 550.00 for 5 years.

NON FARM SECTOR LOAN

Non Farm Sector Loan Scheme(NFS)
Beneficiary:Individual, Sole Prop., Firm, Coop. Societies or a Company.
Purpose:For the establishment of cottage, tiny and SSI unit.
Loan Limit:Maximum amount up-to Rs. 25.00 Lac at CCB Level.
Rate of Intt:Click Here
Margin:Minimum 10%
Repayment Period:Maximum 5 to 7 Years.
Collateral Security:Immovable Properties for the value of 150% of the amount.
Cash Credit for Traders
Beneficiary:Individual, Sole Prop., Firm, Coop. Societies or a Company.
Purpose:For meeting working capital requirement of business.
Loan Limit:Rs 25 lacs
Rate of Intt:Click Here
Margin:25%
Repayment Period:Renewable on annual basis.
Collateral Security:Immovable Properties for the value of 150% of the amount.

VEHICAL LOANS

Vehicle Loan
Beneficiary:Individual, Firm, HUF, Trust, Coop. Societies or a Company.
Purpose:For the purchase of new vehicle for business and personal use.
Loan Limit:Maximum amount up-to Rs. 15.00 Lac or 80% of cost of vehicle or 4 times of annual income whichever is less.
Rate of Intt:Click Here Up to Rs 5 Lac 8.00% >Rs 5 Lac to <Rs 10 Lac8.00% Rs 10 Lac to Rs 15 Lac8.00%
Margin:20%
Repayment Period:Maximum 5 years.
Collateral Security:Two Good Sureties as per satisfaction of the bank besides the hypothecation of the vehicle
Second Hand Vehicle Loan
Beneficiary:Individual, Sole Prop., Professionals and Partnership Firm.
Purpose:For the purchase of second hand vehicle should be not more than 4 years.
Loan Limit:Maximum amount up-to Rs. 5.00 Lac or 75% of cost of vehicle or 1.5 times of annual income whichever is less.
Rate of Intt:Click Here
Margin:25%
Repayment Period:Maximum 5 years.
Collateral Security:Two Good Sureties as per satisfaction of the bank besides the hypothecation of the vehicle.
Two Wheeler Loan to Farmers
Beneficiary:An agriculturist having land in his own name or his family member.
Purpose:For the purchase of new two wheelers.
Loan Limit:Maximum amount up-to Rs. 0.75 Lac or 85% of value of vehicle whichever is less.
Rate of Intt:Click Here
Margin:15%
Repayment Period:Maximum 5 years.
Collateral Security:One Good Sureties as per satisfaction of the bank.

EARNEST MONEY SCHEME

Loan Scheme Earnest Money
Beneficiary:Any Individual
Purpose:To meet the financial requirement towards earnest money deposit to book residential plot/ built house or flat by Govt. Approved Agency.
Loan Limit:As per scheme of the Agency.
Rate of Intt:Click Here
Margin:No margin money required.
Repayment Period:On Receipt of Refund from Housing Board.
Collateral Security:No Immovable Security is required. Only two post dated Cheque req.

OTHERS SCHEME

Credit for Setting up of Net House
Beneficiary:Any Individual farmer holding the agriculture land.
Purpose:To grow the seasonal vegetables.
Loan Limit:Maximum amount Rs 90000/-.
Rate of Intt:Click Here
Margin:No Margin required.
Repayment Period:Maximum 5 years.
Collateral Security:No collateral security required.Only two sureties required.
Installment:Rs. 2002.00 for 5 years.

ATM & NEFT/RTGS Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1ATM ChargesAnnual ATM card charges ->1st year free ->2nd year – Rs.100/-Same Charges
2ATM Financial TxnATM Aquirer (Financial Txn) charges, after 5 transactions – Rs.21/- per transactionSame Charges
3ATM Non-Financial TxnATM Aquirer (Non Financial Txn) charges, after 5 transactions – Rs.7/- per transactionSame Charges
4New ATM card issue charges1st ATM card is freeSame Charges
5For reissue of ATM card – Rs.200/-Same Charges
6SMS ChargesRs. 15/- per QuarterSame Charges
7RTGS/NEFT chargesNo chargesNo charges

Bank Gurantee Against Deposit Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Bank Guarantee against depositMinimum charges Rs.500/-Up to Rs.500000- 2% p.a.Above Rs. 500000 – 1% p.a.Charges to be levied at the time of issuing of guaranteeSame Charges

Interest Certificate Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Interest certificate/ Balance certificateFirst copy- FreeSubsequent copy- Rs.100/-per copyNo charges

Photo Attestation and Signature Verification Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Photo attestation chargesRs.50/- for Saving AccountsRs.100/- for Current AccountsNo charges
2Signatures verification chargesRs.50/- for Saving AccountsRs.100/- for Current AccountsFree for- Students, Defence forces, War widows, Physically handicap & Signature attestation for ECS purposeNo charges

Account Closer Charges Saving/RD

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Account closer chargesUp to 1 year account Rs.500/-above 1 year account Rs.250/-No charges for deceased casesNo charges
2Closing of RD A/c before maturityRs.100/-On account of death of customer no charges should be levied.Same Charges
3Penalty for late payment of RD installmentPenalty charges to be levied for delayed installments in Recurring Deposit Accounts @ Rs.2/- for Rs.100 p.m. irrespective of periodicity of deposit (Minimum Rs.20/-)Same Charges

Cash Deposit in Current Account*

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Cash deposit in Current Account No chargesNo charges

Payments under CBS other than Parent Branch

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Payments under CBS Other than parent branchCash Payment/Deposits under CBSOther than parent branch customers.No chargesNo charges

Excess Debit Entries Charges in SB Account

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Charges for excess debit entries in SB AccountAfter 30 Manual Debit entries per half year, Rs.5/- per entryshould be debited by system,No charges

Saving/Current Account->Cheque Book Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Cheque Book charges Saving Bank A/cOne cheque book containing 20 leaves free per half year Rs.2.50/- per leaf for extra cheque.Same charges
2Cheque Book chargesCurrent A/cNo free cheque book is to be issued. Rs.3.00/- per leaf for each cheque.Same charges

Saving/Current Account->Minimum Balance Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Maintenanceof Minimum BalanceSaving Bank DepositsThe Customer who does not maintain minimum balance of Rs.500/- and Rs.1000/- withcheque book facility in his account the service charges shall be levied atthe following rates per month:Rs.100/- per month, will be debited every month.No charges for Senior Citizens.No charges
2Maintenanceof Minimum Balance Current AccountMin. balance Rs.5000/- is to be maintained.Rs.300/- per month, will be debited every month for non-maintenance ofminimum balance.Same Charges

Account Statement and Duplicate Pass Book Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Statement of account All types of accounts.One statement for current month and proceeding month is free.Rs.50/- per statement for other months of current financial year.Rs.100/- per statement for proceeding financial years.No service charges for statement through own registered E-Mail.No charges
2Duplicate Pass BookFirst Pass-Book free.Additional passbooks on completion of previous passbook is also free.Rs.100/- for issuing duplicate passbook on request.Same charges

SAFE Custody and Locker Rent Charges

Sr No.Detail of ServicesApplicable Charges (For Customers)ChargesApplicable Charges {For Bank Staff (Including Retired)}
1SAFE CUSTODY CHARGESCharges for sealed cover/envolpe is Rs.300/- per month for per cover/ envolpe.Charges for a box is Rs.600/- per month for per box.Same Charges
2LOCKER RENTSmall Locker900/- p.a.Concession of 50% charges in Locker rent. All other charges will remain same.
Medium Locker1500/-p.a.
Big Locker3000/- p.a.
Extra Large Locker5000/-p.a.
No Lien
Note: In case of loss of key of the Lockers, actual expenditure incurred for breaking open the locker and changing the lock by manufacturers of lockers, should be recovered from the account holders. Penalty charges per Quarter or part thereof:
Small LockerRs.100/-
MediumRs.300/-
BigRs.500/-
Extra LargeRs.800/-
* Any default will atract penalty charges for a full quarter.
*The rent should become due w.e.f. 1st of succeeding month, in which the locker is leased out. One month may be allowed for payment of rent due.

Standing Instructions and STOP Payment Instructions

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1STANDING INSTRUCTIONSRejection/Failure charges are Rs.50/- per instruction once during a month.For RD account rejection charges are Rs.25/- per instruction once during a month.No charges
2STOP PAYMENT INSTRUCTIONAll types of accountsPer instrument Rs.100/-andRs.50/- for additional each instrument in a single instance.Same Charges

Issuance/Cancellation of Banker Cheque /Pay Order/DD

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Issuance of Banker cheque/ Pay order/DDUp to Rs.10000/- Rs.50/- Above Rs 10000/- Rs.50/- plus Rs.3/- per thousand for amount above Rs.10000/- Maximum Rs.10000/- Branch Manager is authorized to waive charges to Govt./Semi-Govt./ Cooperative Institutions, having good amount of deposit.Every Staff Member is entitled for one free draft/ payorder of any amount in a month
2Issuance of Duplicate Banker’s cheques/DDsRs.100/-No charges
3Revalidation/Cancellation Of Pay order/DDsRs.50/-No charges

Cheques/ECS- Outward Inward

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Outward Cheques/Bills returned unpaidCharges for outward Cheques/Bills Clearing Returns, outward loan Cheques return. Rs.100/- per instrumentSame Charges
2Inward Cheques/Bills return unpaidRs.100/- per instrument.Same Charges
3ECS outward and inward clearing returnRs.100/- per instrumentSame charges

Collection of Outstation Cheques/Bills

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1Collection of Outstation ChequesUp to Rs. 5000/- Rs 25/- From Rs 5001/- to Rs 10000/- Rs.50/- From Rs10000/- to Rs 100000/ Rs 100 Above Rs100000/- Rs150/- Above charges are per instrument.Same charges
2Collection of BillsUp to Rs. 10000 Rs. 50/- plus Postal charges Rs. 10001 and above Rs.6/- per thousand, Min 100/- and Max. 12000/- plus postage. No collection charges to be levied for collection of local cheques/drafts. However, out of pocket expenses be recovered in full. Collection charges in cases of outstation cheques/bills should be levied on the gross amount of instrument. Further, No charges to be taken from Senior Citizens/pensioners for collection of pension up to Rs 10000/-Same charges

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