SBI OTS

Will you please let me know details of One Time Settlement Scheme started by State Bank of Patiala an associate bank of State Bank of India?

I will get some information of One Time Settlement Scheme of State Bank of Patiala an associative bank of State Bank of India.

Eligibility
The scheme will be applicable for NPA Accounts and written-off and dropped accounts with outstanding up to Rs.10.00 lacs in SME, PER and AGRI segments

Payment:
10% of dues to be paid upfront at the time of submitting application under OTS.

Remaining amount is to be paid within 3 months of approval of the OTS proposal.

In case the amount is not paid in full as per settlement, the compromise will stand cancelled and the borrower will have to pay the entire dues inclusive of applicable interest.

For full information please check the file

One Time Settlement Scheme



Address:-
State Bank of Patiala
The Mall, Patiala 147 002 India

Phone:-
1800-180-2010

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Answered By StudyChaCha Member