What is the insurance policy cover of the working capital loan?
What is the insurance policy cover of the working capital loan?
Working capital loan insurance is a plan that covers a borrower's outstanding loan liability to hedge the risk of loss in case he/she dies during the loan re-payment term. These policies offer a cover that reduces every year, as the loan amount comes down. Please Note: You may thoroughly go through the form before you avail the loan insurance.
For Creation of Term Deposit, please download and fill the TD Request Form and affix the Signature as per the mode of Operation. You will receive a confirmation call on your registered number and only post confirmation the request will be executed at our end. Please note that NRE/FCNR Deposits can be booked only for tenure exceeding 1 year. NRE/FCNR Deposits preclosed within 1 year will not earn any Interest.
For preclosure of Deposits, please fill the closure request form available here and sign the request as per mode of operation. You will receive a confirmation call on your registered number and only post confirmation the request will be executed at our end.
For booking NRE/NRO Fixed Deposit, Login into Net Banking and click on Accounts/ Deposits section > click on Fixed Deposit Section > click on Open Fixed Deposit and update the requisite details and click on Continue and post confirmation the fixed deposit will be booked.Please note that NRE Deposits booked and closed within 1 year will not earn any Interest. FCNR Deposits cannot be booked under this option.
For Preclosure of Deposits, Login into Netbanking and click on Accounts/ Deposits Section > Go to Deposits>Premature Withdrawal of Deposits > Fill the requisite details and click on Submit for closure and credit into account.
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