Financial Daily from THE HINDU group of publications
Tuesday, Apr 05, 2005
Financial Daily from THE HINDU group of publications Tuesday, Apr 05, 2005 |
|
|
|
|
|
Money & Banking
-
Private Banks TMB introduces overdraft facility for pensioners Our Correspondent
Madurai , April 4 TAMILNAD Mercantile Bank (TMB) has introduced a new scheme called `TMB-Pensioner'. Under this scheme, overdraft facility would be granted to persons who have retired from Central Government organisations, PSUs, and banks, and who receive their pension through TMB. The loan may be used to meet their medical expenses, payment of phone charges, educational expenses, water charges, family expenses, etc. The pensioners may get overdraft up to 95 per cent of their one-month pension amount after deducting other payment obligations, if any. The facility would come at an interest rate of 10 per cent a year; no security need be given. TMB will not collect any processing charges for this scheme, a release said.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|