Ways & Means Refinance

Objective

MStCB provides Refinance facility to DCCB's in the form of Ways & Means advance, to help maintain prescribed liquidity levels.

Maximum Limit

As required to maintain prescribed liquidity.

Security

Promissory Notes. Joint & Several Liability Bond of Board of Directors of DCC Banks.

Period

Flexible up to one year

Rate of Interest

As per prevailing interest rates.

Sir Vithaldas Thackersey Memorial Building,9, Maharashtra Chamber of Commerce Lane, Fort, Mumbai - 400001.

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Ways & Means Refinance :