'User' refers to an online applicant and/or authorized sales partners of the Bank. 'The Bank' refers to State Bank of India, a body corporate established by means of an Act of Parliament and having its Corporate Office at "State Bank Bhavan", Madame Cama Road, Nariman Point, Mumbai - 400 021 (which expression shall, unless it is repugnant to the subject or context thereof, include its successors and assigns).Īpply Online Services are the Bank's services which provide the facility of applying for retail loan product through the Apply Online website of the Bank In these Terms of Service (Terms & Conditions), unless the context indicates otherwise, the following words and phrases shall have the meanings indicated against them: With the date of credit of salary in the borrower's
Recovery of the loan installments The SI should be synchronised The borrower gives an irrevocable PDCs/ECS/ SI for.The employer pays the borrower's salary into the.There is a severance due to borrower's transfer, resignation, The employer undertakes to inform the Bank if and when.The Bank before settling the dues of the borrower on transfer, (a) Undertaking from the employer to obtain a NOC from.Synchronised with the date of credit of salary in the Installments from his aforesaid account with the SI being Irrevocable Standing Instruction (SI) for recovery of the loan The borrower's salary into his Savings/Current Account with Undertakes to deduct loan installments from the salary of theīorrower and remits the same to the Bank for credit to the loan (a) The process by which the salary disbursing officer.
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