Objective

To provide hassle free credit, based on the assessment of cash flow without insistence on security, purpose or end use of credit.

Nature of Facility

Revolving Cash Credit.

ELIGIBILITY

Bank’s individual customers with sources of adequate income in rural & semi-urban areas

Validity

Valid for 3 years subject to satisfactory operation of account and renewed on a yearly basis. The aggregate credits in the account during the 12 months period should normally be equal to the maximum outstanding in the account. No withdrawal in account should remain outstanding for more than 12 months.

Quantum of loan

Maximum Rs.25,000/-

Rate of interest

11% p.a. with monthly rests.

In order to provide excellent service to its customers, Malwa Gramin Bank imitated the process of computerizatin of its branches on 7th July 2005 and become a 100% computerized Bank on 13.10.2005 with full computerization of its all branches.Hon'ble Shri Yogesh Aggrawal ,Managing Director, State Bank of Patiala graced the occasion with his presence as the chief Guest of the function organised to celebrate the cent per cent computerization of Malwa Gramin Bank at its last computerized branch i.e. Badochi Kalan (District Fatehgarh Sahib) and declared Malwa Gramin Bank a "100% Fully Computerized Bank".

 Agriculture Debt Waiver

The List of Debt Waiver customers of Malwa Gramin Bank.
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