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Tuesday, 07-Feb-2012

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BOI-LAGHU UDYAMI TRADE CARD(LUTC)

Eligibility

All enterprenurs who are otherwise eligible for sanction of working capital/Term loan for eligible activities defined under Artisans ,Village industries Small Scale Industrial units & Tiny units ,Small business, Professionals & Self employed persons, Retail traders having 3 years satisfactorily conducted account and New accounts where adequate collateral security is available.

Purpose

To meet credit requirement of above sectors including Working Capital / Term Loan.

QUANTUM OF ADVANCE

Retail Trade	Max.Rs.10 lakh(including TL/WC)
Professional & Self Employed	Rs. 10 lakh( max. WC 2 lacs Medical Practitioners (Semi urban/rural area)max-15 lakh(WC-Rs 3 Lakh)
Small Business	Maximum Rs.20 lakh(includingWC/TL)
Artisans, village industries, SME(manufacturing units) & Tiny Units	Maximum limit upto Rs.10 lakh(including TL/WC )

INCENTIVES:

1 Automatic overlimit of 25%of working capital for 90 days subject to availablility
2 Concession in rate of intrest of 0.50%for limit over Rs. 2 lakhs
3 20% increase in the limit on annual review may be permitted to customers having satisfactory conduct of account.
4 Maximum limit upto 20% of sales turnover as per Balance sheet or on the basis of credit in WC account can be allowed.

Validity

LUTC will be valid up to 1 year & renewable after 1 year

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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