The Jalpaiguri Central Cooperative Bank

The Jalpaiguri Central Co-operative Bank Ltd.
HO::Temple Street, PO & Dist-Jalpaiguri, West Bengal-735101.

Recruitment of Gr-IV- Advt-01/2021

Notice

Due to imposing of Model Code of Conduct for ensuing West Bengal Legislative Assembly Election 2021, the process of recruitment will resume after 02/05/2021.

Quick Access

Office Address
Temple Street, Jalpaiguri
Postal Code : 735101
West Bengal, India
Phone - 03561-230477
Fax - 03561-231573
Email - jccbltd@gmail.com

Email : jccbltd@gmail.com Phone : 03561-230477

Loan Policy : Loan Against Life Insurance Policies

1	Persons Eligible	- Any Indian National
		- Person must be existing regular customer (well known to the bank) of the branch
		- The policies offered must be at least 03 years old.

2	Purpose of Loan	- For any purpose of any nature

3	Maximum Limit of Loan	- 80% of the SURRENDER value of Policy
		(Branch Manager may extend loan MAXIMUM upto 90% of Surrender Value of the Policy)

4	Rate of Interest	- Varies from time to time (as per interest rate circular) (at present 10.50% p.a.)

5	Period of Repayment	- Within the Maturity Date of the Policy

6	Security	- Policy must be assigned in favour of JCCB Ltd.
		- Agreement Bond & Pronote

NB: Loan proposals need not be sent to Head Office for any sanction / approval. Branch Managers must fully satisfy themselves before giving such loans and are solely responsible for any violation of norms in respect of such type of loans.