Ref.No.RFC/F.11(148)/1718 Dated:- 09.09.2002

C I R C U L A R

Sub:- NHB Scheme of Back Ended Subsidy for Construction/Expansion/ Modernisation Of Cold Storage and for Storage of Horticulture Produce

The National Horticulture Board (NHB), Ministry of Agriculture, Government of India, Guargaon has launched a scheme of subsidy for promotion of cold storage. The subsidy is back ended capital investment subsidy. In this type of subsidy scheme the amount of subsidy is not treated as source of finance and the loan amount is determined on the basis of cost of project. The NHB would be providing funds to the Corporation against the subsidy.

No Interest on this amount of subsidy will be charged by the Corporation from the date of receipt of funds from NHB.

This subsidy scheme is slightly different from the Capital Investment Subsidy sanctioned and operated by the State Government/ Central Government because in these subsidies the funds were generally released to the promoters during the course of implementation of the project, whereas under the Back Ended Subsidy Scheme the amount of subsidy is not released to the promoter directly. Under this scheme, the promoter is required to pay lesser amount against the loan disbursed because the amount equivalent to the subsidy is kept separately and is available to the promoter only at the time of final repayment. In case of closure of the unit before completion of the minimum stipulated period under the Capital Investment Subsidy Scheme the amount of subsidy is to be recovered from the promoters whereas under the Back Ended Subsidy Scheme, the entire term loan disbursed is to be recovered.

Due to these peculiarities, following guidelines are being laid down for accounting of the back ended subsidy from NHB:-

1. The amount will be disbursed as term loan of the Corporation. Repayment schedule will also be drawn as per the projected cash flow drawn at the time of sanction of loan.

2. On receipt of funds from the NHB the equivalent amount will be transferred from the term loan account of the unit to a separate account under a separate GL Code. For this purpose a new GL Code 1918 titled as Non Interest Bearing Loan(NHB) Subsidy initial SNHB has been allotted. The amount equivalent to the funds received from the NHB would be transferred to this new GL Code from the term loan account of the unit using rectification voucher(RVL). Tr. Code 09 will be issued for crediting the loan account and no transaction code is to be used for debiting the GL Code 1918. No interest on this amount transferred from term loan account of the unit will be charged.

3. As soon as the remaining balance of the term loan account is squared up, the fact should be communicated to the subsidy section and the amount of this account (appearing under GL Code 1918) should be transferred to HO so that the amount can be debited/ adjusted against the funds received from the NHB at HO.

4. As per the clarification received from NHB in case of default if the assets of the unit are taken over by the Corporation and auctioned than the amount of Back Ended Subsidy would need to be remitted back to NHB. Therefore as soon as the assets are taken over by the Corporation it must be ensured that the amount from GL Code 1918 is transferred back to the term loan account of the unit by using R.V.L. Tr. Code 41 should be used for debiting the amount. This fact should also be intimated to A/cs and Subsidy Section at HO immediately.

All concerned are advised to take note of the above and ensure compliance.

Sd/-
(R.S.GUPTA)
General Manager(A/cs)


Ref.No.RFC/F.11(148)/2074 Dated:- 24.01.2003

C I R C U L A R

Reg:- Accounting guidelines for appropriation of Sale Proceeds

The ARRC Cell vide its PG Circular No.976/ 2002 dated 26.07.2002 had issued guidelines that 30% of the sale proceeds would need to be remitted to the specified State Government Departments such as Commercial Taxes, Transport, Land & Building Tax, State Excise, PHED etc and Electricity Companies, In these guidelines, it was further stated that if the dues of the specified State Government Departments/ organizations is less than 30% of the sale amount then the difference amount may be used by RFC/RIICO and if the outstanding dues of the Corporation are less than 70% of the sale amount then the difference would be made available to the specified State Government Departments/ organizations. Guidelines further provide that the amount received should be remitted on proportionate basis to the specified State Government Departments/ organizations within a period of 30 days in case of Cash Down Sale and within 3 months in case of Deferred Payment Sale. Delay in remittance would attract 12% interest.

Since the Corporation has to distribute the share from the sale proceeds amongst the specified State Government Departments/ organizations therefore we have to maintain separate account for the amount to be remitted to the specified State Government Department/ organizations. Since the amount is to be remitted on the basis of realization therefore record of the realization of the sale proceeds would also need to be maintained for which a separate register is being prescribed and proforma is enclosed herewith. The remittance should be made on individual receipts basis. In case of deferred payment sale when 25% amount of sale proceeds is received the same should be remitted within the prescribed time period. Similarly, future receipts would also need to be remitted as prescribed in the prevailing guidelines.

In order to record these transactions properly it has been decided that 30% of the sale amount should be kept aside from the sale proceeds for onward transfer of funds to the specified State Government Departments/ Organizations therefore the account of the seller would be credited with the 70% of the sale amount and the balance 30% amount would be credited in a separate GL Code bearing Code No. 3439 and titled as Liab. to Govt. Depts. Units Sold.

If the total dues of the specified State Government Deparments/ organizations are less than 30% of the sale amount then the amount equal to the total dues of the specified State Government Departments/ organizations would need to be transferred to this GL code. Receipts from the purchaser would continue to be credited to his loan account.

In the register details of the amount to be remitted will be maintained. In the remarks column full amount of recovery with date would be mentioned so that cross tallying of the transactions can be ensured. As and when the amount is remitted to the specified State Government Departments/organizations, the fact would be recorded in the register. The payment would be released by debiting GL Code 3439. It must be ensured that the amount of recovery from the purchaser is not credited to GL Code :3439.

The proportionate amount of recovery would be remitted to the concerned departments/ organizations in the predetermined ratio which will be based on the dues position as on date of possession communicated by them. The ratio will be determined on the basis of prevailing guidelines.

The total of the balance to be remitted column, prescribed in the register, would tally with the balance appearing in the GL Code No.3439. Further clarification on the issue may be sought from DGM(ARRC).

All are requested to take a note of above and ensure compliance.

Sd/-
(R.S.GUPTA)
General Manager(A/cs)


Ref.No.RFC/F.11(37)71 Dated:- April 17,2003

C I R C U L A R

Instances have come to the notice that after informing the total amount outstanding on a particular date and deposition of the same by the loanee, some outstanding amount is reported to the party before issue of No Dues Certificate which leads to discontentment and dispute about the payable amount with the party and the Corporation which ultimately tarnish the image of the Corporation amongst the entrepreneurs.

The reason advanced by the field offices on this count to the loanee are, interalia, non considering of some amount at the time of informing the total outstanding balance to the loanee. This attitude and lack of timely action on the party of the field offices results in undue hardship to the clients. Correction is accounts after many years results into charging of interest and penal interest from the loanee.

It has, therefore, been decided that henceforth if any such incident is noticed, interest for the period before the communication of correction to the loanee will be charged from concerned official responsible for accounts keeping and for the remaining period from date of communication to actual payment be charged from the loanee.

All concerned are enjoined upon to take a note of above and ensure compliance.

(R.S.GUPTA)
GENERAL MANAGER(A/cs)


Ref.No.RFC/F.11(37)/198 Dated:- May 17 ,2003

Reg:- Ensuring accuracy of the Loan Accounts of the loanee with the Corporation

Basically the accounts of the loanee(s) with the Corporation are prepared on the basis of the information received from the branches by way of vouchers and as and when the Branch Office sent any rectification/ alteration to be original information, the same are processed by the Accounts Section at Head Office and results are sent to the Branch Offices accordingly.

Efforts are being made by the Accounts Section for ensuring accuracy of the accounts and in this regard the Nodal Officers have been requested to check the accounts on random basis as and when they visit the field for various purposes but it is not possible for the Nodal Officer to check all the accounts and record about its accuracy.

It has been felt that some modus-operandi should be chalked out to tone up with the system for ensuring accuracy of the accounts, therefore, the following broad parameters for Branch Managers/ Dy.General Manager and Internal Audit are prescribed hereunder to ensure accuracy of accounts:-

Branch Managers:

Standard Category

1. Branch Manager should check all the accounts opened during the current financial year and 10% of the transactions recorded in this category of accounts.

Sub Standard Category

2. Branch Manager should check at least 20% of the accounts on periodical basis falling under this category.

Doubtful A & B Category

3. 20% of total accounts falling in these categories should be checked looking to the number of transactions taking place in these accounts.

Loss Assets

4. 50% accounts. This exercise of checking be carried out every year with a view to recover deficit amount through various options available.

Dy.General Manager(Regions)

Out of the accounts checked and verified by the Branch Manager of standard category, DGM should check 25% account of this category. Additional 25% accounts may also be checked in all the remaining categories apart from the accounts checked by the Branch Manager.

Internal Audit

The team visiting the branches for Internal Audit should check the accounts, of all categories, checked and verified by the Branch Manager and DGM. They should also check the accounts additionally equivalent to the accounts checked and verified by the Branch Manager and DGM in each category.

While checking the accounts, broad parameters, interalia, which are to be taken care of are as under:-

1. Determination of installment alongwith its mode of payment (i.e. monthly, quarterly and likewise) as per sanction letter. For this it is to be ensured that Form No. N-4 has been filled in correctly and sent to Computer.

2. Rate of Interest applicable in the loan account along with penal interest to be charged in case of default.

3.Appropriation of the receipt under appropriate heads in the correct loan account as per norms.

4. In cases were reschedulement/ refixation is/ has been granted, it should be ensured that proper input documents (Form U-2) and rectification voucher) are prepared and sent to Computer.

5. The Corporation as been granting grace period for payment of dues but due to programming, computer is charging penal interest on the amount paid during the grace period. Such penal interest needs to be reversed manually to keep the account(s) accurate.

The above parameters will help in ensuring accuracy of the loan accounts of the loanees.

It is again reiterated that while issuing No Dues Certificate to the loanees, at the time of squaring up the account, receipts should be checked and it should also be ensured that correct applicable rate of interest has been charged in the account(s) to satisfy the correctness of the accounts by the issuing authority.

The Branch Manager and DGM concerned will send the progress by 10th of every month to GM(A/cs) indicating the name of the account, in each category, they have checked. They will also indicate about the errors noticed by them and rectification measures taken/ suggested. Similarly, Internal Audit Team will also send a note to GM(A/cs) on the above lines. Accounts Section will however review the measures taken/ suggested for rectification of the errors noticed by the concerned. Accounts Section will thereafter submit a quarterly report to the undersigned.

This circular will form para of para 9 of FA.1 and will insert between sub para 9(ii) checking of trial balance and 9 (iii) Rectification of errors.

Sd/-
(T SRINIVASAN)
Chairman & Managing Director


Ref.No.RFC/F.11(148)/ 273 Dated:- 09.06.2003

C I R C U L A R

Reg:- Accounting guidelines for appropriation of sale proceeds

Attention is invited to circular No.RFC/F.11(148)/ 2074 dated 24.01.2003 vide which accounting guidelines for appropriation of sale proceeds were laid down in accordance with the government policy for the concerned government department on the basis of 70:30. Para 3 of the above circular speaks about apportionment of the amount so received from sale of units.

From the feed back received from the various agencies it has been decided to modify the above guidelines and now 100% of the sale proceeds will be credited to the original loanee account of which the unit was taken into possession and subsequently sold upon. Thereafter, the account of the seller should be debited with the amount equivalent to the State Government liabilities or 30% of the sale proceeds which ever is less by using transaction code 09 and credit should be given to the Liabilities to State Government Departments GL Code: 3440.

Necessary accounting entries to this effect may be passed in the current financial year.

All concerned are requested to take a note of above and ensure compliance.

(R.S.GUPTA)
GENERAL MANAGER(A/cs)


Ref.No.RFC/F.11(148)/61 Dated:- May 4, 2004

C I R C U L A R

Instances have come to the notice that the existing guidelines for cash transactions are not being followed properly. It has also been noted that the branch offices are maintaining huge cash balances. This, in turn, leads to loss of interest to the Corporation.

In order to have proper control over the cash transactions and other related activities, the following guidelines, in addition to all existing guidelines, are hereby issued for strict compliance:-

1. One officer amongst the AM and DMs should be made Incharge of the Cash Section. Cash in Hand should be verified daily by him. Branch Manager should carry out surprise checks, at least, thrice in a month.

2. Cash withdrawal from the bank would be made after justifying the need on a separate note sheet file. Concerning AM/DM should ensure that withdrawal of cash is properly entered into the cash book and it is used on the next day of withdrawal.

3. Cheque issue register must be signed by the cheque issuing authorities. These officers should also verify realization of the cheque(s). This is particularly applicable for those branches where current account is being maintained with the banks.

4.Realisation of cheque should be monitored with the bank statement. The bank statement should be checked regularly and this fact should be recorded by the concerned officer on the face of the statement itself.

5. Deposit of cash/ cheques in the bank should be ensured on regular basis. AM/DM/BM should ensure that the counter foil of the pay-in-slip bears legible bank stamp and date.

6. It should be ensured that sale proceeds of application form are recorded in the cash book on the date of sale itself.

7. Vouchers for recording the transaction should be prepared daily and proper documentary evidences should be enclosed, wherever possible, with the voucher.

8. In order to have check and internal control on the work of reconciliation of bank account, deposit of cash and cheques should be handled by two persons independently.

All concerned are advised to make a note of above and ensure proper compliance of the guidelines.

(R.S.GUPTA)
GENERAL MANAGER(A/cs)


Ref.No.RFC/F.11(148)/664 Dated:- October 18, 2004

C I R C U L A R

Reg:- Accounting guidelines for recording Incentive to Government Officials Contributing to recovery of the Corporation dues.

Attention is invited towards FR Circular No. 308 dated 31st May, 2004 dealing with motivational incentive to Government officials contributing to recovery of Corporation dues as arrear of land revenue under section 32G of the SFCs Act,1951. As per the circular, incentive @ 5% of the amount of dues recovered shall be paid and the same may be remitted to the Collector after end of each financial year on the basis of recoveries made during the financial year. It has also been decided that the payments so made as incentive are to be booked under expenditure head and will not be recoverable from the loanee concerned.

In order to maintain record of the incentive so paid to the respective collector, it has been decided to maintain separate GL code for recoding the transaction at the time of issuing cheque of incentive to the respective Collector by debiting to GL Code 7261 titled as Incentive to Revenue Authorities with the initial IRA The consolidated amount will be paid to the respective Collector by debiting to this newly opened GL Code and Debit Voucher (General) would be used for recording this transaction.

All concerned are advised to take a note of above and ensure compliance of the FR Circular No. 308 dated 31st May,2004 also.

(R.S.GUPTA)
General Manager(A/cs)



Ref.No.RFC/F-11(149) Dated:- 5th September, 2005

C I R C U L A R

Reg:- Change in Interest Debit Dates

The Board of Directors in their meeting held on 18th March, 2005 have decided to change the Quarterly Interest Debit Dates in all loan accounts from existing dates of 1st April, 1st July, 1st October and 1st January to 1st March, 1st June, 1st September and 1st December. Accordingly, the branches were advised vide circular dated 7th April, 2005 and 2nd May,2005 to get the modification deed executed for change in the installment debit date so that the same falls in line with the interest debit dates.

Under equated installment method, the amount of principal due is calculated by deducting the interest amount from the installment amount. Change in interest debit dates has resulted into debiting of interest and installment of principal on different dates because interest would be debited as per revised new debit dates whereas the principal would be debited as per repayment schedule.

In order to remove this anomaly, it was directed to get modification deed executed from the entrepreneurs and inform the same accordingly to Head Office. But no information in this regard has been received by HO from the field offices by way of form- U2 which has resulted into a situation where installment and interest is being debited on different dates. This will lead to a situation particularly where post dated cheques have been taken but inspite of receipt/ realization of cheque on due date the account position would be disclosing overdues, to the extent of interest debited.

In order to avoid such situation, the interest debit dates and installment date, in cases where repayment schedule is drawn on Equated Quarterly Installment basis, have been, changed enmasse in all such accounts so as to commensurate with the revised Interest Debit Dates.

All branches are advised to check the books and ensure that the interest debit dates and installment date particularly in cases where repayment schedule is drawn on Equated Quarterly Installment basis have been changed. Error, if any, noticed in this regard should be brought to the notice of Accounts Section immediately so as to take remedial steps.

All concerned are advised to make a note of above and ensure compliance.

(R.S.GUPTA)
General Manager(A/cs)


Ref.No.RFC/F-11(222) Dated:- 18/10/2005

C I R C U L A R

Reg:- Service Tax

As per the amendment in the Service Tax Act, the service namely Lending by financial institution including a non banking financing company has been brought under the purview of Service Tax w.e.f. 10.09.2004.

Accordingly, the Corporation has been brought under the purview of Service Tax w.e.f. 10.09.2004 and is subjected to payment of Service Tax on the amount collected by it from entrepreneurs/ customers in the form of application fee, documentation fee, processing charges, etc. The amount is to be deposited with the Department on monthly basis at the rate of 10.2%, on or before 5th day of next month.

In order to ensure timely deposition/payment of the Service Tax with the Department, all branches are advised to send the information in the format, given overleaf, so as to reach to HO(Accounts) on or before 3rd of next month positively. Delay in submission/ receipt of information at HO would result in delay in deposition of the Service Tax, which will in turn, attract imposition of the penalty by the Central Excise Department. If any penalty is imposed on the Corporation, then it would be recovered from the erring officials. Specific information should be furnished in case the branch refunds the amount of application fee, documentation fee, processing charges etc to the depositor so that the amount may be adjusted at the time of deposit of Service Tax in the following month.

It is once again reiterated that the information on the receipt of the Processing Charges and Application Fee should reach at HO (Accounts) by 3rd day of the subsequent month positively.

All concerned are advised to make a note of above and ensure compliance.

(R.S.GUPTA)
General Manager(A/cs)


Ref.No.RFC/F.11(149) Dated:- April 7,2005

C I R C U L A R

Reg:- Change in Interest Debit Dates & Withdrawal of Moratorium Period for debiting of interest

The Board of Directors in their meeting held on 18th March, 2005 have decided to change the Quarterly Interest Debit Dates in all loan accounts from existing dates of 1st April, 1st July, 1st October and 1st January to 1st March, 1st June, 1st September and 1st December.

Accordingly, Interest Debit Dates in all the loan accounts as well as to be opened in future ,shall be 1st March, 1st June, 1st September and 1st December.

The Board of Directors have also decided to debit interest for first time in the loan account on the interest debit date falling just after the first disbursement made by the Corporation. This change should be noted and taken care of at the time of execution of the loan documents and cases to be sanctioned on or after 01.04.2005.

In view of the above change in the Interest Debit Dates, there may be circumstances in which the loanee may not be in a position to deposit the amount of interest falling due on 1st June, 2005 and may deposit the same within the grace period of the old interest debit date i.e. by 7th of July, 2005 . In such circumstances, if the interest amount is deposited by that date and there are no overdues in the account, then the benefit of timely rebate shall be extended to such borrowers, but efforts should be made to recover the amount of interest due on 1st June at the earliest possible. However, this would apply for the interest falling due on 1st June,2005 only.

In loan accounts where repayment schedule is drawn on Equated Quarterly Installment basis, the change in interest debit dates would result in debiting of installment as per the repayment schedule whereas this amount of principal has to be debited to the overdue principal segment of loan account after deducting the interest amount from the installment amount.

In order to remove this anomaly, it has been decided to change the due date in the repayment schedule in such a way so that the due dates would be as per the revised Interest Debit Dates i.e 1st March, 1st June, 1st September and 1st December. The borrowers may be requested to execute the modification deed for change of Interest Debit Dates in the repayment schedule.

The Loans Section has to ensure that the terms and conditions of the sanction letter are suitably modified to implement the above decisions.

The Law Section has also to ensure that all the cases sanctioned after 1st April, 2005 contain the above decisions.

All the Branch Managers are advised to bring these changes to the notice of the entrepreneurs as well as to Industrial Association(s) operating in the area and are advised to make a note of above and ensure compliance.

(Karni Singh Rathore)
Chairman & Managing Director



Ref.No.RFC/F.11(222) Dated:- June 26,2006

C I R C U L A R

Reg:- Charging of Service Tax: Accounting Treatment

Attention is invited towards PG Circular No. 1153 (LA-443 )dated 19.06.2006 directing to charge Service Tax @ 12% and 2% Education Cess thereon from the borrower on the amount of Loan Application Fee, Processing Charges, Fee for Consultancy Services etc as per the directions contained in the above referred circular dated 19.06.2006.

Accordingly, to record the collected Service Tax and Education Cess thereon, the Branches are advised to collect the Service Tax and Education Cess from the borrowers as per applicable rates and Credit the GL Code : 3542 with Initial STEC & titled as Service Tax & Education Cess.

Since it has been decided to charge the Service Tax and Education Cess thereon from the borrowers, the proforma for furnishing the information of service tax as prescribed vide circular No. RFC/F.11(222)/472 dated 18.10.2005 is revised and given overleaf to this circular. It may be ensured that the information of Service tax & Education Cess should reach us in the prescribed proforma (given overleaf) on or before 3rd day of the subsequent month positively.

All concerned are advised to make a note of above and ensure compliance.

(K.S.RATHORE)
Chairman & Managing Director

-------------------------------------------------
rfc
 
RAJASTHAN FINANCIAL CORPORATION
(Accounts Section)
 

Udyog Bhawan,

Tilak Marg,

Jaipur-302 005

 

Ref. No. RFC/F.11(9)/655                                   Dated:- 15/12/2011
                                                          &nnbsp;                      20
 
 
C I R C U L A R
(Accounts : 10)
 
Reg:- Master Circular- Prudential Norms on Income  Recognition, Asset Classification and Provisioning Pertaining to Advances
 
 
 
SIDBI has issued a comprehensive master circular No. F1.14/2011-12 dated September 02,2011 by consolidating the guidelines issued on the subject of Income Recognition, Asset Classification and Provisioning different categories of Advances viz standard, NPA (Sub standard, Doubtful and Loss), Restructured Advances, Projects under implementation, Project Loans for Infrastructure Sector etc. etc.
 
As per the Master Circular, the age of default for categorization of assets has remained the same but the rate of provisioning has been revised as under:-

Standard Category

(contingent provision)

Existing

Revised

Small and Micro Enterprise

0.25%

0.25%

Commercial Real Estate Category

0.25%

1%

Others

0.25%

0.40%

 
 

Category of Assets and age of default

Existing

Revised

Sub Standard

12 months

10%

15%

 

Secured Portion

Unsecured Portion

Secured Portion

Unsecured Portion

DA-1

(up to 1 year old)

20%

100%

25%

100%

DA-2

(more than 1 year and up to 3 years old)

30%

100%

40%

100%

DA-3

(more than 3 years old)

100%

100%

100%

100%

Loss Assets

100%

100%

100%

100%

 

It may not be out of place to mention that increase in the provisioning requirement have a negative effect on the profitability of the Corporation. Therefore, it is need of the hour that all out efforts are made so as to reduce the number of NPA Accounts and also to upgrade the category of NPA Accounts so that the impact of increased rate of provisioning would be set off against the upward revision of the existing NPA Accounts and reduction thereof.

 
All concerned are advised to take a note of above and strive hard to reduce the number of NPA Accounts and to upgrade the category of NPA Accounts.
 
 
 

(S.K.ASWAL)

Executive Director (Fin)

 

Copy to:-

 

1.                            All BO/SO

2.                            DGM(Operations), HO,Jaipur

3.                            Standard Circulation at HO

 

-----------------------------------------------------------------------------------------------------------------

 

RAJASTHAN FINANCIAL CORPORATION

(Accounts Section)

 

Udyog Bhawan,

Tilak Marg,

Jaipur-302 005

 

Ref. No. RFC/F.11(148)/686                                    Dated:- 04/01/2012

                                                                                                                       05/01/2012

C I R C U L A R

(Accounts : 11 )

 

Reg:- Flexi Loan Schemes: Accounting Guidelines

 

 

Attention is invited towards circular No. RFC/F.11(148)/365 dated 20.07.2011 (Accounts No. 8) vide which the branches have been advised to open the account under the “Corporation Loan Scheme” with GL Code 0501.  The circular dated 20.07.2011 was issued as a sequel to the PG Circular No. 1376 dated 01.04.2011 issued by the Loans Section introducing a new scheme namely “Flexi Loan Scheme for Good Borrowers”.

 

Attention is also invited towards PG Circular No. 1406 dated 22.12.2011 issued by the Loans Section introducing a new scheme namely “Flexi Loan Scheme for Non Assisted Borrowers” similar to flexi loan scheme for existing good borrowers.

 

In order to record transactions under these schemes, the following GL Codes have been allotted as under and guidelines issued vide Accounts Circular No. 8 dated 20.07.2011 stands withdrawn:-

 

Particulars

Code

Initial

Disbursement

0535

Flexi Loan for Good Borrowers(Existing Unit)

Disbursement

0536

Flexi Loan for Non Assisted Units

Income

5135

Flexi Loan for Good Borrowers(Existing Unit)

Income

5136

Flexi Loan for Non Assisted Units

Penal Interest

5235

Flexi Loan for Good Borrowers(Existing Unit)

Penal Interest

5236

Flexi Loan for Non Assisted Units

 

If any account under the Flexi Loan for Good Borrower Scheme has been opened under the Corporation Loan Scheme, the same may be transferred to the new GL Code 0535.

 

All concerned are advised to make a note of above and ensure compliance.

 

 

(S.K.ASWAL)

Executive Director (Finance)

Copy to:-

1.     All BOs/SOs

2.     DGM(Operations), HO,Jaipur

3.     Standard circular at HO

 

 

Contact Us

We are always ready to help you out regarding all your queries. Send us a message via the form below or you can email or call us. Get the ever fast 24x7 support now!

Call Us

0141-2385522 (Ext. 333)

Office Location

Udyog Bhawan, Tilak Marg, Jaipur, Rajasthan, INDIA

Contact Information


Address

Udyog Bhawan, Tilak Marg, Jaipur, Rajasthan, INDIA, 302005

HO Officers Contact Nos & e-Mail IDs

BO Officers Contact Nos & e-Mail IDs

Phone No./Fax No.

0141-2385522 (Ext. 333)

OFFICERS