NRSP Sala'm

A financial scheme from 4 – 24 months under which our agricultural customers can get finance from Rs 5000 with upper limit as per regulations.

Name of the product NRSP Sala’m
Underlying Islamic mode Sala’m
Type of product Agriculture
Minimum and Maximum financing limit Minimum Limit Rs. 5,000 Maximum Limit as per Prudential Regulations
Tenors (minimum and maximum) Minimum 4 month, Maximum 24 months
Basis of pricing / return Negotiated at the time of contract
Target Customers Agriculture
Security/collateral Required Cash Margin, Post-dated cheques, Demand Promissory Note
Other salient features/services The product can be used for agriculture products

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