Terms & Conditions

TERMS AND CONDITIONS OF PLD BANK (HONAVAR TALUKA PRIMARY CO-OPERATIVE AGRICULTURE & RURAL DEVELOPMENT BANK LTD.)

Last Updated: January 2026

1. ACCEPTANCE OF TERMS

By accessing this website or using any services provided by PLD Bank, you agree to be bound by these Terms and Conditions. If you do not agree with any part of these terms, please do not use our services.

2. MEMBERSHIP ELIGIBILITY

A. Membership is open to: - Permanent residents of Honavar Taluka, Uttara Kannada District, Karnataka - Individuals aged 18 years and above - Farmers, agricultural laborers, and rural entrepreneurs - Self-help groups (SHGs) and co-operative societies operating within Honavar Taluka

B. Membership requirements: - Completion of membership application form - Payment of share capital (as prescribed by the bank) - KYC verification (Aadhaar, PAN, photographs) - Admission fee as applicable

3. ACCOUNT OPENING

A. Savings Account: - Minimum balance: Rs. 100 - Requires Aadhaar card, PAN card, 2 passport photos, and proof of address - Passbook will be provided free of cost

B. Fixed Deposit (FD): - Minimum deposit: Rs. 1,000 - Period: 7 days to 10 years - Interest payable at rates fixed by the bank from time to time - Senior citizens receive 0.50% additional interest

C. Recurring Deposit (RD): - Minimum monthly deposit: Rs. 100 - Period: 6 months to 10 years - Premature closure subject to penalty as per bank rules

4. LOAN PRODUCTS

A. Agriculture Loan (KCC): - Interest rate: 3% p.a. (with interest subvention as per government schemes) - Eligibility: Farmers owning agricultural land in Honavar Taluka - Security: Land documents - Repayment: As per crop cycle (typically 12 months, renewable)

B. Gold Loan: - Interest rate: 10% p.a. - Loan amount: Up to 75% of gold value (as per RBI guidelines) - Repayment: Up to 12 months - Gold is valued by approved valuers and stored securely

C. Vehicle Loan: - Interest rate: 11-12% p.a. - Eligibility: Members with regular income - Repayment: Up to 60 months - Hypothecation of vehicle required

D. Self-Employment Loan (PMEGP/Mudra): - Interest rate: As per scheme guidelines - Eligibility: Entrepreneurs aged 18-45 years - Security: As per scheme requirements

E. Home Construction Loan: - Interest rate: 12% p.a. - Eligibility: Members owning residential land - Repayment: Up to 10 years - Equitable mortgage of property required

5. INTEREST RATES

A. Interest rates are subject to change as per RBI guidelines, NABARD directives, and Karnataka State Co-operative Department circulars. B. The bank reserves the right to revise interest rates on deposits and loans without prior notice. C. Current rates are displayed at all branches and on this website. D. For specific rate queries, please contact your nearest branch.

6. DEPOSIT INSURANCE

Deposits with PLD Bank are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India, up to Rs. 5,00,000 per depositor.

7. NOMINATION FACILITY

A. Nomination facility is available for all deposit and loan accounts. B. Nominee details can be added or changed at any time by the account holder. C. In case of death of the account holder, the nominee is entitled to receive the deposit amount.

8. LOAN REPAYMENT

A. Loan EMIs must be paid on or before the due date. B. Late payment will attract penalty interest as per bank rules. C. Default beyond 90 days will result in NPA classification as per RBI guidelines. D. The bank may initiate recovery proceedings under the SARFAESI Act, 2002 (if applicable) or through co-operative court.

9. KYC AND AML COMPLIANCE

A. All customers must complete KYC verification as per RBI Master Directions on KYC, 2016 (as amended). B. PAN is mandatory for transactions above Rs. 50,000. C. The bank is required to report suspicious transactions under the Prevention of Money Laundering Act (PMLA), 2002.

10. GRIEVANCE REDRESSAL

Step 1: Contact the Branch Manager (resolution within 7 working days) Step 2: Contact the General Manager, Head Office, Honavar - 08387-220208 (resolution within 15 working days) Step 3: Contact the Banking Ombudsman, Reserve Bank of India (if not resolved within 30 days)

11. WEBSITE DISCLAIMER

A. This website provides general information about PLD Bank products and services. B. The bank does not offer internet banking, mobile banking, or ATM services. C. All transactions must be conducted at our branch offices. D. The bank is not responsible for any transactions conducted through unauthorized channels.

12. INTELLECTUAL PROPERTY

All content on this website, including text, images, logos, and design, is the property of PLD Bank and may not be reproduced without prior written permission.

13. FORCE MAJEURE

The bank shall not be liable for any failure to perform its obligations due to circumstances beyond its control, including natural disasters, government actions, or technical failures.

14. JURISDICTION

All disputes are subject to the exclusive jurisdiction of the courts at Honavar, Uttara Kannada, Karnataka.

15. AMENDMENTS

The bank reserves the right to amend these Terms and Conditions at any time. Updated terms will be posted on this website.

16. CONTACT

PLD Bank (Honavar Taluka Primary Co-op. Agriculture & Rural Development Bank Ltd.) Head Office, Honavar, Uttara Kannada, Karnataka - 581334 Phone: 08387-220208 Email: pldbhonavar@gmail.com