The General Credit Card is sort of rollover overdraft loan facility where in no specific purpose / end use is insisted. Repayment can be made within 12 months.

Special 2% incentive for repayment within 6 months with prompt interest payments

Eligibility :

Bank constituent with sufficient earning capacity & cash flow, residing in rural and semi-urban areas

Only one in the entire household can avail the credit facility.

Scheme Implementing Branches
Rural and Semi-Urban Branches

Loan Quantum :

Minimum Rs. 5,000.00 plus multiples of Rs. 1,000.00 thereon subject to a maximum of Rs. 25,000.00. Limit is decided on the basis of repaying capacity

Period
12 Months from Date of Sanction once in a year.

Rate of Interest :

General - BR + 8.50% (18.90% p.a .)
For Women - BR + 8.50% (18.90% p.a .)

Processing Charges
Rs. 50.00

Current Base Rate for Lending (BR) is 10.40% p.a.

Security
No insistence of collateral security