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CSB Bank has introduced a pre-approved gold credit scheme called ‘Akshaya Gold Credit Line (AGCL). CVR Rajendran, MD and CEO said: “We have conceptualised AGCL to help customers use family gold for personal or business needs. They can withdraw funds with their ATM/debit cards or transfer funds digitally. This will give customers on-the-spot financial support at reasonable rates of interest – applicable only on the amount they use.”
The product is available in all CSB bank branches across the country.
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