Punjab & Sind Bank: For Official Use Only
Punjab & Sind Bank: For Official Use Only
Punjab & Sind Bank: For Official Use Only
Form No.
/ (A Government of India Undertaking)
No. I
Self Help Group -Savings Bank Account Opening Form
To: For Official Use Only
SB A/c No
The Branch Manager Customer ID
_____________________ Bank SHG Scheme Code
_____________________ Branch (NRLM/Others)
SHG Gender Code
Sub:-Application for SHG-SB A/C opening (Male/Female)
Dear Madam/Sir,
1. We request you to open a Savings Bank Account in name of our Self Help Group. We agree to abide
by the rules and regulation of the bank related to Savings Account.
Name of SHG
Date of Number of Name of Facilitating
Formation Members Agency (if any)
Address Street ……………………….Village/ City…………………….Gram Panchayat……………….
Block ………………………..District…………………………..Pin………………………..
2. The Savings Account will be operated by joint signature of any two among the following representatives
of our Self Help Group. A copy of resolution taken by our Self Help Group in this regard is attached.
3. Request for Cheque Book : Yes / No
Affix passport
Affix passport Affix passport Affix passport
Size Photo
Size photograph Size photograph Size photograph
Any other document accepted by Any other document accepted by Any other document accepted by
Bank (specify)………………………. Bank (specify)…………………….. Bank (specify)……………………..
4.We hereby declare that the above information is true and correct. We have agreed to the terms
and conditions and also agree toabide by any amendments to the terms and conditions as may
be stipulated by the Bank from time to time.
Yours faithfully,
Date: Place:
Enclosure:
i. Copy of Resolution by Self Help Group to open Savings Account
ii. Photographs of authorized representatives
iii. Copy of ID and address proof of authorized representatives.
1. The applicant has affixed his signature or thumb print, as the case may be, in my presence
2. I have explained the rules / regulations to the applicant __________________
3. Account has been opened on _______________________________
4. Cheque Book has been issued.
Date:__________________ Officer____________________
No. II
Specimen copy of Resolutionby Self Help Group for Opening Savings Account
Name of SHG:
Address:
Date of Formation:
Total No. of Members: Name of Facilitating Agency:
------------------------------------------------------------------------------------------------------------------------------------------------------
Resolution for Opening Savings Bank Account
Today on …………(Date), at the meeting of ………………………………………..(name of SHG) at
……………………..(meeting place of SHG/ address) in presence of all its members, it is resolved that our
………………………………………..(name of SHG) will open a savings bank a/c in …….Bank ……..Branch. It has also been
further resolved that Shri/Smt…………………………….(Designation ……………………);Shri/
Smt………………………………(Designation ……………………) and Shri/Smt ………………………………..(Designation
……………………) will sign all the necessary document related to the opening of Savings Accountas representatives on behalf
of ………………………………………..(name of SHG). Transaction in the Savings a/c of the group will be done by joint
signature of any two among the above mentioned representatives.
Acknowledgement
(To be handed over to SHG after submission of the Application Form)
Name of SHG
Address
Application No
Savings Account No
Date of Receipt of
Application by branch
Signature
Branch
Bank
No. IV
PUNJAB & SIND BANK
(A Government of India Undertaking)
Term Loan
Product code
Date of Sanction
Sanctioned Amount in Rs.
Loan Term
Dear Madam/Sir,
Sub:-Application for credit linkage
Affix passport
Affix passport Affix passport Affix passport
Size Photo
Size photograph Size photograph Size photograph
Yours faithfully,
1.
2.
3
[Signature of Authorized Representatives of SHG with Seal]
NO. V
Details of Member wise Loan Requirement (As per Micro Credit Plan)
(Compulsory from 3rdcredit linkage onwards)
Member-wise details of proposed investment, sources of fund & resultant Net Surplus of the family
Total
Annual
Income Annual Annual
from net repayment
Amount of Total
various income for the
loan Annual Annual
S.N. Name of member* Purpose of sources:- before proposed
Required Expenditure Surplus
investment IGAs, repaymen loan &
from SHG (Rs.) (Rs.)
Wages, t of loan existing
(Rs.)
Grants installme loan, if any
from Govt. nt (Rs.) (Rs.)
etc.
(Rs)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Total
(*) To be written in order of priority& rotation plan as decided in SHG meeting
NO.VII
Total
We certify that the above statement is true and can be verified from the books of accounts maintained by our Self
Help Group.
Only A & B graded SHGs are to be considered for enhancement of CC limit / repeat dose of T/L
NO.X
Assessment of SHG
1. Whether the SHG has completed 6 months from the date of formation / 12 months from the date of last
sanction: Yes / No (*Strike out which is not applicable)
2. Whether the SHG has been Graded /Evaluated: Yes / No (*Strike out which is not applicable)
3. Whether the SHG has passed the Grading / Evaluation Exercise: Yes / No (*Strike out which is not applicable
Existing Corpus of SHG =Rs …………………………………………[ Total Assets – Outstanding loans (if any)]
Assessment of eligibility CC Limit / TL to be sanctioned to the SHG:
Terms of Sanction:
Sanctioned a new Cash Credit limit / Renewed / Enhanced the existing Cash Credit limit / Repeat Term Loan for
Rs…………………Rupees……………………………………….only ) under the following terms & conditions:-
(a) Amount of CC limit / TL (New /Renewed/ Enhanced / Repeat) for ……(period in months):
Rs………………(Rupees ……………………………………………………………………… only)
(c) Purpose of the credit facility: On-lending to the members of the SHG
(d) Rate of interest: ……..% p.a.to be calculated on reducing balance method with monthly rest. The SHG will be
eligible to get the benefit of interest subsidy if it fulfil the norms as specified by Government in this regard.
(e) Service charge: Nil (Loan to SHG is treated as advance to weaker section).
(f) Repayment:
i. For CC: Each withdrawal of principal loan from the C.C. A/C is to be repaid
within………………….(12-24) months of such withdrawal. Interest debited to the A/C is
to be repaid / deposited promptly so that outstanding balance of the CC A/C does not
exceed the sanctioned limit under no circumstances.
ii. For TL: Principal loan is to be repaid in …………….equal monthly / quarterly / half-yearly
instalments. Interest debited to the A/C is to be repaid / deposited promptly.
(g) Review / Evaluation of the C/C A/C will be done after 12 months.
……………………………. ……………………………..
We, on behalf of ……………………………………………SHG hereby accept the aforesaid terms & conditions
of the above-noted CC facility / Term loam sanctioned to our SHG by the above-mentioned Bank Branch.
1.
2.
3.
Date:
Place:
NO.XI
Arrangement letter acknowledge by SHG
We the (Bank Name),…………………Branch has Sanctioned a new Cash Credit limt / Renewed /
Enhanced the existing Cash Credit limit / Repeat Term Loan for Rs……….(
Rupees………………………….only ) to……………………. ( Name of SHG) under the following
terms & conditions:-
…………………….
Signature of the Branch Manager ( With Office Seal)
Date:-
We, on behalf of…………………….SHG hereby accept the aforesaid termsw & conditions of
Conditions of the above-noted CC facility / Term loan sanctioned to our SHG by the above-
Mentioned Bank Branch.
1.
2.
3.
Place:
Date:
NO.XII
2. The SHG will take the responsibility for maintaining appropriate books of accounts to ensure
transparency in transaction among SHG members
3. Each member shall strive for the success of the SHG and shall not act in any manner detrimental
to the business interests of the SHG.
4. The SHG members shall be jointly and severally liable for all the debts contracted by the SHG.
5. All assets and goods acquired by the SHG shall be in the joint ownership of all the members of
the SHG and shall ordinarily be in the constructive custody of such member as may be authorized
by the Group and shall be kept at the place of business at________________ which shall not be
changed without consent of the SHG members.
7. Each of the SHG members hereby agrees to abide by and ratify all such act, deeds and things as
the authorized representatives may do in the interest of the said activities.
8. The authorized representatives shall take decisions in the day to day working of the SHG and
each representative shall actively involve herself/himself and co-operate in looking after the day-
to-day affairs of the SHG activities in particular to attend to the following activities.
- Every member of the SHG hereby authorizes the representatives to apply for the loan on behalf
of the SHG and execute necessary agreements/documents on behalf of the SHG for the purpose.
The authorized representative may collect loan amounts from the bank on behalf of SHG, deposit
the same in the savings account of the SHG for on-lending to members in accordance with the
decision of the SHG and also deposit recovery of loan installment from members in the loan
account/s of SHG with the bank.
11. It is agreed that no new person shall be inducted as a member of the SHG without consent of all
the existing members.
IN WITNESS WHEREOF the aforesaid members of the SHG have set their respective hands hereunto at
the place __________________ and on _______________ day of _____________ month ___________
year first herein appearing.
WITNESSES:-
1.
2.
(Note: The SHG shall not consist more than 20 persons).
NO.XIII
1. The Bank has agreed to grant and the borrower has agreed to borrow by way of Demand Loan
/Term Loan Cash / Credit (clean) up to the limit of Rs. ____________/- (Rupees
________________-only) and the Bank has opened (SPECIFY THE KIND OF LOAN
ACCOUNT)_________________ A/C No._______________________________ of date
__________________- in the name of the Borrower in its book of accounts.
2. *In case the facility availed is Cash Credit the Borrowers will operate the Cash Credit account
satisfactorily and within the limit and the Borrower shall repay the outstanding liability in the
account inclusive of interest and other charges debited from time to time on demand without
demur.
3. *In case loan availed is Demand Loan, without prejudice to the right of the Bank to recall the loan
on demand the Borrower undertakes to repay the loan with interest and other within the period
stipulated in terms of sanction.
4. *In case the credit facility availed of by the borrower is a Term Loan the same shall be repayable in
installments in the manner specified herein-below in the repayment schedule. (to be specified)
Besides the borrower will pay interest at the rates that may be prescribed for such lending by
RBI/NABARD from time to time. (*Delete whichever is not applicable)
5. It is clearly understood by and between the parties hereto that in the event of the borrower's failure
to utilize the proceeds of the credit facility for the purpose for which the same has been made
available by the bank to the borrower, the borrower shall repay immediately on demand without
demur together with interest without prejudice to Bank's right to initiate other legal action.
6. The borrower shall pay interest on the loans to be calculated on the daily balances in the loan
account and be debited thereto at quarterly rests or as the Bank may decide.
7. The borrower should utilize the proceeds of the credit facility for the purpose of lending to is
members to improve the socio-economic conditions of their members and their families. That the
loan will not be used for any Speculative purpose / activities prohibited by law.
8. The borrower shall repay the credit facility availed of together with interest payable as per the
interest rates that may be fixed by RBI/NABARD from time to time for such lending
9. The borrower shall be liable to repay the facility on demand together with the interest and other
charges payable by the borrower to the bank in accordance with the rules of the Bank.
10. That the interest at the rate of BR +(PLUS) _____ per cent per annum (plus ____ per cent term
premia) i.e. ______ per cent per annum at present with monthly/quarterly/half-yearly/Yearly rests
shall be calculated on the daily balance due to the Bank on the said account and shall be charged
on the account on the last working day of the month so long as the debt herein incurred is not paid
by Borrower(s) in its entirety and, will form part of principal and carry interest at the above
mentioned rate.
11. The borrowers shall be liable to pay overdue interest at the rate of _____________ or at
the rate as may be fixed by the bank from time to time in the event of failure to repay the facility
availed in the stipulated manner and/or failure to pay interest as stipulated
12. The Bank will always be at liberty to stop making fresh advances at any time without previous
notice, which notice is hereby expressly waived, and without assigning any reason even though
the said limit has not been fully availed of.
13. The borrowers, give their consent for the loans recovered from the assets hypothecated hereunder
and/or other assets as a public demand or as land revenue in terms of any legislation relating to
recoveries thereof, where such consent is necessary under such legislation
14. (i) The Borrower(s) understand(s) that as a pre-condition, relating to grant of loan/advances/other
non-fund based credit facilities to the Borrower(s), the Bank requires their consent for disclosure by
the Bank of, information and data relating to the Borrower(s), of the credit facilities availed of, to be
availed, by the Borrower(s) obligations assumed/to be assumed, by the Borrower(s), in relation
thereof and default, if any, committed by the Borrower(s), in discharge thereof.
(ii) Accordingly, the Borrower(s), hereby agree(s) and give(s) consent for the disclosure by
the bank of all or any such;
(c) default, if any, committed by the borrower(s), in discharge of his/her/their such obligation,
as the Bank may deem appropriate and necessary, to disclose and furnish to Credit
Information Bureau (India) Ltd. and any other Agency authorized in this behalf by Reserve
Bank of India (RBI).
(iii) The Borrower(s) declare(s) that the information and data furnished by the Borrower(s) to
the Bank are true and correct.
(a) The Credit Information Bureau (India) Ltd. and any other Agency so authorized may use,
process the said information and data disclosed by the Bank in the matter as deem fit by them;
(b) The Credit Information Bureau (India) Ltd. and any other Agency so authorized may furnish
for consideration, the processed information and data or products thereof prepared by them to
banks/financial institutions and other credit grantors or registered users as may be specified by
RBI in this behalf.
15. The Borrowers hereby agree as a pre-condition of the loan/advances given to them by the Bank
that in case they commit default in the repayment of loan/advance or in the repayment of interest
thereon or any of the agreed instalments of the loan on the due date(s), the Bank and/or the
Reserve Bank of India will have an unqualified right to disclose their name(s) as defaulters in such
manner and through such medium as the Bank or Reserve Bank of India in their absolute
discretion may think fit.
REPAYMENT SCHEDULE:
In witness where of the parties hereto have affixed their signature on the ______________date and the
______________ month and _____________ year first herein above written.
1.
2.
3.
On demand we ………………….(name of the SHG) and the members jointly and severally promise to
pay.……………………….. Bank or order at …………………………………………………………………. the
sum of Rupees………………………………………………………………………………………with interest
thereon at the rate of …………….percent per annum (below / above/ at) Base rate / Lending Rate of the
Bank which is at present ……………………% per annum with …………………………………rests for value
received.
Revenue
stamp
Place: Date:
Dear Sir,
Please take the delivery of the accompanying Demand Promisory Note dated the ______________201..
for Rs.___________(Rs. ________________only) made by us i.e. office bearer of _________________
________(Name of SHG ) ___________________resident of _________________in favour of (Name of
Bank), Branch____________ We further request you to note that we dispense with a notice of the
dishonor in terms of Section 98 (a) of the Negotiable Instrument Act 1881 and that in the event of payment
not been made on demand, the Banks is at liberty to give time for payment to either of us without
discharging either of us from liability.
Yours faithfully,
Name of SHG: