Short Term Deposits schemes and procedure for

disbursing Commercial Loans

Presented By-Deepankar Das.

Navneel Goswami.Partha jyoti Borthakur.

overview

• Derives its name and inspiration from Indus valley civilisation.

• Inaugurated in April,1994.• Initial Capital base of 1000 million.• A network of 441 branches, 796

ATMs across 303 locations.• Its products and services ranges from

deposits to wealth management services.

Short term deposit schemes

SWEEP IN/OUT DEPOSIT SCHEME

transferred to Term Deposit for a predetermined periodIn case of insufficient balance in the CA/SB at any point in time, required amount will be transferred by breaking depositsMeant for Individuals or CorporateTenure 30days-24months.

YOUNG DEPOSIT SCHEMES

Opened and operated by the guardian Tenure 6 months -120 months Meant for Young Children Links Savings Bank Account with Flexi Recurring Deposit

SENIOR CITIZEN DEPOSIT SCHEMES:

Minimum deposit amount 0f Rs.25000Tenure 7days-120monthsMeant for Senior Citizens who have completed 60 years of ageInterest rate of additional .50%

REGULAR RECURRING DEPOSIT SCHEMES

Fixed monthly installments are being remitted to Recurring Deposit by a Standing OrderTenure 12 months -120 months Meant for Business class and Self employed with varying income stream

FLEXI RECURRING DEPOSIT SCHEMES

Recurring Deposits are treated as unit of Rs. 100/- Opening Balance of Rs. 100Tenure of 12 months - 120 months Meant for Business class and Self employed with varying income stream

Commercial loans

COMMERCIAL VEHICLE

Creditworthiness of the customer is properly assessed 3 years experience in relevant transport operationsCash generation potential, from the vehicle should be at least 1.3 times of the installment

THREE WHEELER

The Borrower and Co-borrower should be a domicile of the same area and resident of that area at least for 2 yearsCash generation potential from the vehicle should be at least 1.25 times of the installment payableThe purpose for the loan must be only, purchase of new and used three wheelers of all manufacturers

TRADER ADVANCES

20% of annual turnover upto Rs.10 lacsProjected turnover and audited financial statements for credit limits over Rs.10 lacs and the eligibility would be fixed as per various financial parametPrimary security of stock and collateral security of property required

bibliography

• www.indusind.com