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A gold loan campaign will be held till June 30 this year with a 7.85 percent interest rate per annum.
The credit can be utilized for different purposes, such as expenses for agriculture and allied activities, business needs, health emergencies, and personal needs, the bank said in a statement
“The loan facility can be availed of from all designated branches across the country,” the statement said.
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The bank’s general manager D Vijay Kumar said, “We understand the depth of the issues our customers are currently facing due to the COVID-19 pandemic and they are in need of immediate credit support to meet their emergency needs.”
“The special gold loan products are designed keeping in mind the challenges faced by the customers,” he added.