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Interest Rates & Service Charges

“This is for Public Information that our Bank does not charge any penal / additional interest in Loan Accounts on Non-compliance of material terms and conditions or in case of payment failure. However, Bank charges 2% p.a. Penal Charges on overdue portion with no capitalization i.e. no further interest computed on such charges which does not affect the normal procedures for compounding of interest in the loan account.”

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