News and Updates

We have introduced services of RTGS and E- Tax payment of income tax.

We are opening a new branch with Inter connectivity

During financial year
2009-10, Bank achieved “A+” Rating by RBI.

As per RBI guidelines, all eligible deposits have been covered under the deposit insurance scheme of DICGC.

Safety deposit lockers are available with us.

Avail Gold loans from Mahaveer Bank.



Share Linkage  -  2.5% of Sanctioned  Amount  and Guarantor – Minimum 10 Shares

Processing Fees  - 1% of loan amount + Service tax

Last 3 years Certified  I T Returns or Latest Salary Slip of Co-Borrower and Guarantor
Address and ID proof and 3 photos of Borrower , Co-Borrower and Guarantor

Advance Repayment accepted.

Personnel Guarantee – One Person

1. Quantam of loan Rs. 20.00 lacs for foreign education Rs. 10.00 lacs for Indian education
2. Eligibility Criteria 1. Courses in Recognised by Institute for Higher Education 2. Accredited in foreign Institutes 3. Student Should be meritorious throughout education (i.e; should have  secured 70% marks in all qualifying exams)
3. Rate of Interest For Male Students –     14% ( On Actual Diminishing Balance) For Female Students – 13% ( On Actual Diminishing Balance)
4. Repayment Schedule Interest is to be serviced during Education and Installments should be paid from completion of education, With a EMI For 3-5 years
5. Security Any loan above 1.00 lac – Security should be Immovable Property
Co-Borrower Either of Parent shall be Co-Borrower.
Personnel Guarantee One Person             

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