Terms and Conditions

• One Time Settlement (OTS) is available for settlement of Non-Performing Assets (NPA).  Borrowers may make use of this facility to intimate their willingness for OTS.
• Bank will get in touch with the borrowers to examine the scope for OTS.  
• Submission of willingness to settle the account under OTS through this mode is without prejudice to the legal/recovery actions initiated/to be initiated  by the bank and /or pending.
• Mere submission of willingness to settle the account under OTS does not give any right /claim unless and until the borrower receives proper communication from the bank to that effect.