Renukamata Lone

Scheme NameScheme Description
Cash Credit Cash Credit from 10000 up to 1000000/- from 1 year and renewal up to 10 years Interest Rate Is 17%. Penal Rate Is 4 % , Process, Security And Building Fund 1% (renewal of c/c must charge 1% process and 1 % scrutiny).Respectively And Annual Service Ch
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Also providing following facilities shortly:

n this facility our customers can pay their Direct Taxes( started from 11/08/2008) and Indirect taxes ( will begin from 25/8/2008) debiting their account through our BANK.

Tie up with IDBI Bank for issuance of Demand Drafts: This facility will be helpful for issuing demand drafts on approximately 500 centers of IDBI Bank. In this facility we can issue the demand drafts to the customer having special demand for Nationalized Banks demand drafts for payment of custom etc.
NECS( National Electronic Clearing System): In this system the ECS file will be uploaded centralized at MRO. Initially only the credit transactions will be uploaded. The settlement cycle for the same is one day ONLY.