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Eligibility

Salaried employees/ Professionals/Self-employed /People engaged in business/Individuals with high net worth/Agriculturists/Pensioners/Staff members

Type of Advance

Demand Loan (reducible as per repayment schedule)

Quantum of advance

Max. Rs.2.00 lacs (clean)

Max. Rs.5.00 lacs (in case liquid collateral security is offered like TDRs, NSCs,IVPs, KVPs, LIC Policy (Surrender Value) etc. atleast equal to 50% of loan amount sanctioned)

Rs. 10.00 lacs (In case liquid collateral security is offered like TDRs, NSCs,IVPs, KVPs, LIC Policy (Surrender Value) etc. atleast equal to 100% of loan amount sanctioned)

Pensioners : Max. Rs.1.00 lac

Minimum size of loan :-

At Metro and Urban Centres : Rs.10,000/-

At Rural and Semi Urban centres: No minimum size of loan.

Purpose

To meet the expenses (like airfare/Train/Bus charges, expenses for accommodation, sight seeing, etc.) for going for pilgrimage/tours/excursions etc. undertaken/to be undertaken by Self/spouse/children/ parents/family members/close relatives of proponent within India or abroad.

Margin

No specific margin. Loan amount not to exceed proposed expenditure/requirement.

Repayment

Maximum in 24 EMIs (Equated monthly instalments) w.e.f one month after first disbursement from loan account. In special/exceptional case, upto 36 EMIs.

Rate of Interest

w.e.f. 01.04.09

1. Fully Secured Advances: (Where liquid collateral security is offered like TDRs,NSCs,IVPs, KVPs, LIC Policy (surrender value) etc. atleast equal to 100% of loan amount sanctioned sanctioned 1% below BPLR, at present 11.00% p.a. at monthly rests.

2. Partly Secured Advances: (Where liquid collateral security is offered like TDRs, IVPs,KVPs,NSCs, LIC Policy (surrender value) etc. atleast equal to 50% of loan amount sanctioned) :0.50% below BPLR, 11.50% p.a. at monthly rests.

3. Clean/Unsecured Advances: 0.25% over BPLR at present 12.25% p.a. at monthly rests.

4. For senior citizens /pensioners (where pension payment is through an a/c with the branch disbursing the loan and EMI will be recovered out of pension amount): For loan amount upto Rs.50,000/- : @ 1.25% below BPLR, Min. 10.75% p.a. at monthly rests.. 
 

Processing Charges

One time @ 1.10% of the loan amount. minimum Rs. 1000/-, Maximum Rs.5000/-. Pensioners : One time @ Rs. 1.10% of loan amount Min. Rs.500/- Maximum Rs 1100/-
No processing charges for Senior Citizens (60 years & above)

Tie-up arrangement

Low/concessional rate of interest and at other concessional terms like waiver of processing charges, Nil margin etc.

Terms and conditions apply. Loan at the sole discretion of Bank of India.

For further information, you may contact nearest Branch of the Bank.

Announcement
Press Release
The Quarter Ended 30th September 2009
 
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Presentation
Financial Results for Quarter Ended 30th September 2009
 
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Financial Result
for the Half Year ended 30th September 2009
 
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In view of the instructions from Reserve Bank of India
changes are made for cash withdrawals through ATMs
 
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Star Home Loan Scheme – Special Package
 
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Star Home Loan – Festival Offer
 
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Star AutoFin Scheme –Festival Offer
 
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REVISION IN INTEREST RATES ON DOMESTIC RUPEE TERM DEPOSITS w.e.f. 03.08.2009
 
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Information on parameters of recommendations of Sachar Committee for the quarter ended Sep 09
 
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Bank of India has been ranked
1.Under Banking Category PSU Banks–2nd Next TO SBI 2.Under Top service Brands–8th 3.Under Most trusted Brand-THE debutant in the top 100.Under Brand Equity–Most Trusted Brands(MTB)Survey BY E.T./The Nielsen company(Details in E.T.Dated 17.06.2009)
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Bank of India – Completes Core Banking Implementation
 
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BANK OF INDIA RECORDS OUTSTANDING PERFORMANCE UNDER COLLATERAL FREE LENDING WITH CGTMSE GUARANTEE SCHEME OF SIDBI FOR THE YEAR 2008-2009. RANKED FIRST AMONGST ALL PUBLIC SECTOR BANKS.
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STAR POWER SALARY ACCOUNT
 
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We have already a system to alert the cardholders with respect to their transactions at a merchant location or at ATM. Please avail the facility by providing your mobile phone numbers in the following format. Kindly also provide your e-mail IDs for receiving your monthly card statements by e-mail.
 
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Bank has won the TOP PUBLIC SECTOR BANK under BEST BANK category and OVERALL BEST BANK in the DUN and BRADSTREET BANKING AWARDS 2009
 
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Helpdesk/MSME Care Centre has been set up at all the 48 Zonal Offices for extending all possible assistances to MSME borrowers
 
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