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Tuesday, 07-Feb-2012

Agriclinics & Agribusiness

Composit Cash Credit

Farm Mechanisation

Financing for Draught Animals & Carts

Land Development

Minor Irrigation

Poultry Development

Purchase of Land

BOI Shatabdi Krishi Vikas Card

Kisan Credit Card

Kisan Samadhan Card

Star Bhumiheen Kisan Card

Online Services

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FARM MECHANISATION , IMPLEMENTS & EQUIPMENTS

QUANTUM OF FINANCE/Margin

For purchase of new tractor unit or transport vehicle

Upto Rs.50,000/- NIL margin

Above Rs. 50,000/- 15% to 25% Margin

Purchase of second hand tractor unit /transport vehicles

Margin 33%
Finance for repair/renovation of tractor unit, transport vehicle

Margin 25% (short term advance)

Type of Facility/Term

a) Purchase of machinery and implements/equipment
Term loan : annual Review
b) Finance for working capital and repairs
Demand loan or Cash Credit with annual Review.

Security: Composite documents

D.P. Note (L-434)
Composite Hypothecation Agreement (CHA-2)
AG-15
L-515
L-516 or Annex the clauses on non-diversion of funds and securitization enclosed to Br. Cir.No.97/186 dated 08.03.2004 with CH I/CHA-II/CHA-IV
Equitable / legal mortgage or deed of declaration of land
Letter of guarantee (CHA-3)
Comprehensive insurance policy
Blank transfer forms.
Registration of charge with RTA
In case of second hand tractor valuation report from an approved valuer.
Letter from the borrower to give engine /chassis particulars in case of new tractor/machinery

Disbursement:

Loan amount should be directly disbursed to supplier with instructions to supply the goods as per quotations/offer letter

Repayment:

New Tractor	Maximum 9 years
New power tiller	Maximum 7 years
Second hand tractor	Maximum 4 years
Other Machinery	Maximum 3 to 5 years
Repairs/Renovation	Maximum 3 to 5 years

Back

Announcement

Analyst Meet Presentation for 31.12.2011

Reviewed Financial Results for the period ended 31.12.2011

Notice of Board Meeting

Analyst Meet Presentation for 31.12.2011 Reviewed Financial Results for the period ended 31.12.2011 Notice of Book Closure for Bonds

Chairman & Managing Director's Message & Address

Bank of India has decided to abolish prepayment charges on home loans for both fixed and floating rate loans across all tenures for existing as well as new borrowers

Watch recorded webcast of Analyst Meet-30.09.2011

Watch recorded webcast of Press Meet-30.09.2011

Financial Results for the quarter / half year ended 30th September 2011

Analyst Meet Presentation-30.09.2011

Festiva l offer – Rate of interest reduced on Home Loans & Auto Loans.

Watch webcast of 106th foundation day

Bank has decided to increase the Bank’s Base Rate from 10.00% p.a. to 10.75%p.a. and BPLR from 14.25% p.a. to 15.00% p.a. with effect from 28.07.2011.

The Managing Committee of the Indian Banks’ Association has appointed Shri Alok K Misra , Chairman and Managing Director, BANK OF INDIA as Deputy Chairman of the Association

Pension Calculator is available on Knowledge Portal front page

Press release launching of Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication

Notice for Debit and ATM cardholders

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