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The Jalandhar Central 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 Interest

Subsidy

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Margin

No margin money required

Repayment Period

Half yearly linked with harvesting.

Collateral Security

Nil.

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.

 

Revolving Cash Credit

Beneficiary

Any individual farmer holding the agricultural land.

Purpose

Credit facility for meeting out socio-economic  needs

Loan Limit

Maximum amount RS 15.00 lakhs or RS 1.50 lakh per acre.

Rate of Interest

Click Here

Margin

No Margin required.

Repayment Period

Renewable on annual basis.

Collateral Security

Agriculture Land valuing at 150% o f the Loan amount.

Credit for setting up of Agricultural Service Center
BeneficiaryAny Individual farmer holding the agriculture land.
PurposeTo purchase the agriculture implements.
Loan LimitMaximum amount Rs 10.00 Lakhs.
Rate of Interest*Click Here
Repayment PeriodMaximum 5 years.
Collateral SecurityCollateral Security valuing 150% of the loan amount.
Piggery Loan Scheme
BeneficiaryIndividual entrepreneurs, farmers, producer companies, partnership firms, companies, partnership firms, corporations, NGOs, ShGs, JLGs and Cooperatives.
PurposeSetting up of pig rearing and breeding farms.
Loan LimitMaximum up to Rs. 10.00 Lakhs.
Rate of Interest*Click Here
Margin15.00%
Repayment PeriodMaximum 5-6 years including grace period of one year.
Collateral SecurityNo collateral Security for loan of Rs. 1.00 lakh 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
BeneficiaryIndividual entrepreneurs, farmers, producer companies, partnership firms, companies, partnership firms, corporations, NGOs, ShGs, JLGs and Cooperatives.
PurposeSetting up of goat rearing farms.
Loan LimitMaximum up to Rs. 5.00 Lakhs.
Rate of Interest*Click Here
Margin15.00%
Repayment PeriodMaximum 7 years including grace period of 2 year.
Collateral SecurityNo collateral Security for loan of Rs. 1.00 lakh and above will be sanctioned on mortgage of landed property whose value should not be less than 150% of the loan amount.
Fishery Development Scheme
BeneficiaryIndividual entrepreneurs, farmers, producer companies, partnership firms, companies, partnership firms, corporations, NGOs, ShGs, JLGs and Cooperatives.
PurposeSetting up of fish ponds.
Loan LimitMaximum up to Rs. 10.00 Lakhs including 1.00 lakh w/c.
Rate of Interest*Click Here
Margin15.00%
Repayment PeriodMaximum 9 years including grace period of one year.
Collateral SecurityNo collateral Security for loan of Rs. 1.00 lakh and above will be sanctioned on mortgage of landed property whose value should not be less than 150% of the loan amount.
Bee Keeping Loan Scheme
BeneficiaryIndividual entrepreneurs, farmers, producer companies, partnership firms, companies, partnership firms, corporations, NGOs, ShGs, JLGs and Cooperatives.
PurposeSetting up of Bee keeping units.
Loan LimitMaximum up to Rs. 10.00 Lakhs including 1.00 lakh w/c.
Rate of Interest*Click Here
Margin15.00%
Repayment PeriodMaximum 7 years including grace period of six months.
Collateral SecurityNo collateral Security for loan of Rs. 1.00 lakh and above will be sanctioned on mortgage of landed property whose value should not be less than 150% of the loan amount.

DAIRY LOAN

Commercial Dairy Loan

Beneficiary

Any Individual, Partnership Firm, Corporate body and any other Cooperative organization.

Purpose

To increase the income of milk producers by helping them to purchase High yielding cattle and and purchase of equipment’s and construction of sheds.

Loan Amount

Maximum amount up to RS. 50.00 Lakhs.

Rate of Interest

Click Here

Margin

15%

Repayment Period

Maximum 9 Years. 

Collateral Security

Mortgage of landed property value of 150% of loan amount.

Mini Dairy Loan

Beneficiary

Any individual & members of Milk producer socities.

Purpose

Purchase of upto 10 Milch cattle.

Loan Limit

Maximum amount  RS. 5.00 Lakhs @ RS. 0.50 lakh per animal

Rate of Interest

Click Here

Margin

15%

Repayment Period

Maximum 5 Years.

Collateral Security

Mortgage of landed property value of 150% of the loan amount.

EDUCATION LOAN

Education Loan

Beneficiary

Salaried employees of Coop. banks, Punjab Govt./Chandigarh Administration and its boards and corporations.

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 Lakh.

Rate of Interest

Click Here

Margin

No margin required.

Repayment Period

The instalment will start after completion of course or Maximum 5 years.

Collateral Security

Mortgage of landed property value of 150% of the loan amount. For the loan upto Rs. 5.00 Lakhs, No immovable security is required, If the loanee is the employee of Punjab Govt. or Coop. Dept.

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 lakh, whichever is less

Rate of Interest

Click Here

Repayment Period

Maximum 7 years.

Collateral Security

Two Good Sureties as per satisfaction of the bank

Consumer Durable Loan

Beneficiary

Credit facility for meeting out socio economic needs.

Purpose

To purchase consumer durables and meeting other socioeconomic need.

Loan Limit

10 times of gross monthly salary or RS. 2.00 lakh, whichever is less

Rate of Interest

Click Here

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 and 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 150000/- 

Rate of Interest

Click Here

Repayment Period

Renewable each year.

Collateral Security

Two Good Sureties as per satisfaction of the bank.

HOME LOAN

Rural Housing Loan

Beneficiary

Individuals & members of coop. Housing Societies.

Purpose

Purchase of built up house, construction of new house, repairs/Renovation and addition of existing house in rural house

Loan Limit

Maximum amount up-to RS. 15.00 lakhs with 15% margin at least.

Rate of Interest

Click Here

Repayment  Period

Maximum 15 years

Collateral Security

Agricultural Land for the value of the 100% of the loan amount besides the Mortgage of house to be financed by the bank.

Urban Housing Loan

Beneficiary

Individuals 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 house.

Loan Limit

Maximum amount up to RS. 20.00 lakhs.

Rate of Interest

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Margin

25% at least.

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 and medical emergencies etc.

Loan Limit

Maximum amount up to RS. 25.00 lakhs.

Rate of interest

Click Here

Margin

No Margin required

Repayment Period

Maximum 6 years.

Security

First mortgage of the property against which the loan is granted 150% 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 75% of post TDS Rent Receivable for a period. Not exceeding 120 months or un expired period of lease.

Rate of Interest

Click Here

Repayment Period

Maximum 10 years.

Collateral Security

Mortgage of landed property value of 150% of the loan amount.

MAI BHAGO ISTRI 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 Interest

Click Here

Margin

No margin required.

Repayment Period

Maximum 5 years.

Collateral Security

One good Surety having landed property.

NON FARM SECTOR LOAN

Enterpreneur Development Loan Scheme

Beneficiary

Individual, Sole Prop., Firm, Coop. Societies or a Company

Purpose

For the establishment of cottage, tiny and SSI Unit or for expansion of present unit.

Loan Limit

Maximum amount up to RS. 25.00 lakhs at CCB Level.

Rate  of Interest

Click Here

Margin

Minimum 10%

Repayment Period

Maximum 5 to 7 Years

Collateral Security

Immovable Properties for the value of 150% of the loan amount.

Cash Credit for Traders

Beneficiary

Individual, Sole Prop., Firm, Coop. Societies or a Company.

Purpose

For the meeting working capital requirement of business.

Loan Limit

25 Lakhs

Rate of Intt.

Click Here

Repayment Period

Renewable on annual basis.

Collateral Security

Immovable Properties for the value of 150% of the amount.

VEHICAL LOANS

Vehicle for business and personal use

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 Lakh or 80% of cost of vehicle.

Rate of Intt.

Click Here

Repayment Period

Maximum 5 years.

Collateral Security

Two Good Securities as per satisfaction of the bank besides the hypothecation of the vehicle.

Second Hand Vehicle Loan

Beneficiary

Individual, Sole Prop., Professional and Partnership Firm.

Purpose

For the purchase of second hand vehicle should not be more than 4 years

Loan Limit

Maximum amount up to RS. 5.00 Lakhs or 75% of cost of vehicle.

Rate of Intt.

Click Here

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. 0.50 Lakh.

Rate of Intt.

Click Here

Repayment Period

Maximum 5 years.

Collateral Security

Two 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 the scheme of the agency.
Rate of Interest* 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 cheques are required.
 

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
5Duplicate ATM card issue chargesFor 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.50/-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 closure charges before Six MonthRs.150/- for Saving AccountsRs.500/- for Current accountsNo 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 (except Govt./Coop. Institutions.)Up to Rs.1 Lakh-free, Above Rs. 1 Lakh- Denomination up to Rs.100- Rs.10 per packet. Denomination above Rs.100, Rs.8 per packet Max Rs.10000/-.No 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
1

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 10 leaves free per half year Rs.2.50/- per leaf for extra cheque.One Saving Cheque book having 10 leaves is free every month for Bank staff of salary account (34005), Rs.2.50/- per leaf for extra cheque
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.50/- 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.250/- 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.Current Account: Rs.50/- per statement for other months of current financial year.Rs.100/- per statement for proceeding financial years. Saving Account: Rs.50/- for any type of statement, except in case the statement is required for loan cases from same branch, should be generated and given after taking written request.Rs.100/- per statement for proceeding financial years.No service charges for statement under 34005 product in which salary is being credited, after taking written request.Same charges
2Duplicate Pass BookRs.50/- with one month entries, but should be issued on written request only, thereafter copy of statement is given as per charges mentioned above. No service charges for statement under 34005 product in which salary is being credited, after taking written 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 CHARGESRs. 50/- per annumSame Charges
2LOCKER RENTSmall Locker900/- p.a. Lien in SB A/c Rs.5000/-Concession of 50% charges in Locker rent. All other charges will remain same.
Medium Locker2000/-p.a. Lien in SB A/c Rs.10000/-
Big Locker3500/- p.a. Lien in SB A/c Rs.15000/-
Extra Large LockerNot available
Lien amount in SB account with the consent of customer.
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.200/-
BigRs.300/-
Extra LargeNot Appilcable
* 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 if rent due.

Standing Instructions and STOP Payment Instructions

Sr No.Detail of ServicesApplicable Charges (For Customers)Applicable Charges {For Bank Staff (Including Retired)}
1STANDING INSTRUCTIONSNo charges for registration.Rs. 50/- per transaction, involving credit to account in other branch or state, remittance charges at he prescribed rate and actual postage shall be recovered additionally, charges to be levied on the account from which amount is transferred.Rs10/- for standing instruction for the transfer of amount under same customer ID within the branch from one account to another account is proposed ( for all type transaction)Same Charges
2STOP PAYMENT INSTRUCTIONAll types of accountsRs.50/- 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.5000/- Rs.50/- Above Rs.5000/- and up to Rs 10000/- Rs.100/- Above Rs.10000/- Rs.2/- per thousand or part thereof and minimum Rs.50/- Maximum Rs.10000/- Every Staff Member is entitled for Two free drafts/ pay orders in a month
2Issuance of Duplicate Banker’s cheques/DDsRs.100/-Same Charges
3Revalidation/Cancellation Of Pay order/DDsRs.100/-Same 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 instrument (For local Cheques/Bills), Rs.200/- per instrument (For outstation Cheques/Bills)Same Charges
2Inward Cheques/Bills return unpaidRs.50/- per instrument.Same Charges
3ECS outward and inward clearing returnRs.50/- 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 Cheques Up 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/-, however postal charges are to be recovered.Same charges

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