Mokokchung, October 17 (DIPR): In commemoration of Golden Jubilee (1967-2017), Nagaland State Co-operative Bank Ltd (NSCB) introduces the following new products. The first product is Saving premium A/c, under this product the minimum balance to be maintained in the account is Rs. 1,00,000/- (Exclusive of interest credited).
Interest payable on half yearly basis in daily products @ 5.00%. Per Annum which is 1% higher than normal saving rate of interest. The second product is Co-operative Gold (New Fixed Deposit Scheme). This product will be opened till 31st of December 2017. The period of deposit is 3 years with interest rate as follows. Below 1.00 Crore, General 7.7%, Senior Citizen 7.9%. Above 1.00 Crore, General 6.8%, Senior Citizen 7.3%.
NSCB also offers General Credit Card (GCC) financial assistance to individuals to ensure greater flow of entrepreneurial credit to individuals, particularly to borrowers of small means like Local Micro Vendors, small shops, tiny enterprises etc. in the urban and semi urban areas with a ceiling limit of Rs. 50,000/- (Rupees Fifty Thousand only). With a view to targeting women as beneficiaries of bank credit, they may be given a preferential treatment under the GCC Scheme. This General Credit Card (GCC) scheme will be in the form of cash credit. This product will be applicable for people between 18 to 60 years of age.Interest rates for GCC will be 9% subject to changes and interest will be calculated on daily reducing balance method. Documents required for opening for GCC:- saving bank A/C, Aadhaar card, Election Photo identity card, photograph of the business place (4”X6”), should be a local entrepreneurs (resident of Nagaland only), trade license/permit, should subscribe to PMSBY/PMJJBY, a photocopy of the bank passbook (duly updated).
Preparations are afoot to celebrate the Golden Jubilee on 10th Nov.2017 at Government Collage Dimapur.
