What is Rinn samadhan scheme for education loan?

The Covid-19 pandemic has led to financial stress and crisis to major sections in our country. The scheme was launched to help the borrowers who are under stress. Launched in November, the scheme will be in force till 31st January 2021.

What is Rinn samadhan?

State Bank of India has provided a major relief to farmers under its loan settlement schemes. AIR correspondent reports that under the Rin Samadhan Yojna, if the farmer who has borrowed loan, pays 20 per cent of the principal amount of the total dues, pending since two years, then the entire loan will be waived.

What is the procedure for one-time settlement?

OTS is a scheme where the borrower (the one who has defaulted) proposes to settle all the dues at once, and banks agree to accept an amount lesser than what was originally due. The banks settle the loan and waiver/write it off against a one-time instalment, thereby compromising on a portion of their profits.

What is SBI samadhan?

‘State Bank Samadhaan’ is a mobile App to enable customer to self-service themselves for as many banking needs as possible. Customers can download this App from Google Play Store of their Android mobiles.

How can I get CIF number of SBI home loan?

Check the CIF number written at the bottom of the first page of the passbook. Customer Care- You can obtain your CIF number by calling the SBI helpline. The executive can ask you for information to verify your identity after connecting the call. Then you may request a CIF number from them.

How can I write a letter to bank Manager for loan settlement?

Respected Sir/ Madam, I would like to inform you that I am _________ (Name) and I do hold a loan account in your branch having account number ___________ (Loan Account number). I am currently holding a ________ (Type of loan – home loan/ personal loan/ anyother) loan amounting _______ (Amount) in your branch.