afTW i% 411 ?

raw Mtn fOrm

Utrrff
IngTtiftqW3t: WaiYditift 117/ 06 itsgr: affiA (Rri *up/2023-24/
37-f : 'Pita -13T/41ittiRui
:eilL 1:2023-24:002 : : 01.04.2023

xnurailiwrErf-orgi 1=0 XiltqN

RW7 tritql
RTN '41-rff WIT Rt ti TWIT

cr4q1 116-i i•sui V9T 177 7. 1 -R11 41 1-IftErq V. 116/06 fa7tW 01.04.2022 74
# 451-11# 14) TR ,kik-1.49 4-41-iti
2. Z-1-4 1 3*f tft17 4k -r-11c1 4)%31-11 # 1-4)4 TR *Ik1tit/14/3{74fillt
Tritfa. cp.ka ci-uLict) tritqq szt) tl

3. SIT 7t79T raff-1 141citirt P1

- 17f4trq Tt41-91:* ct). I
arR4r0V-ZMI t -d- ft/ C-F:gt Hur uurrEft +iciv 4ct) Iz17rti
k I 4-1141.41 d 1- ' 1-11C11(1-POI Ri aim 3iTA Tt4f4a argitw Tazi-Tr
7w-a ti

Nola
worgratim
 gr4" ffrgs
Bank of India
lia BOI 41*Tr Rwur / Retail Banking
Vationsfiip Bey Banking Department
MIR chigiaci / HEAD OFFICE
Branch Circular No. : 117/ 06 Sub: Advances (Retail Loans)/2023-24
Sub-subject: Retail Loans/ Master Circulars
Ref : RBD:HS:2022-23:002 Date : 01.04.2023

CIRCULAR TO ALL BRANCHES/OFFICES

Master Circular
Star Vehicle Loan & its variants

Please refer to HOBC No.116/06 dated 01.04.2022 and subsequent modifications

on Star Vehicle Loan Scheme.

2. We now enclose a comprehensive circular incorporating the revisions/ modifications

undertaken in the scheme since issuance of the aforesaid circular.

3. Please go through the circular carefully for compliance of various provisions of the
scheme. RBCs/ Branches shall be guided by the instructions on KYC/ Anti-Fraud
Measures issued by the Bank from time to time. For any clarification, you may refer to us
through your respective zonal offices.

ti
(Rafe Rk
Genera(`Manager

La

AI jl

Classification: 1 nicrnal
Page 1 of 91
 Bank of India
ftfiztionship 6eyondBan4ng
BOI
Master Circular
Loan & variants

.1.
w.

ay -•

BANK OF INDIA, HEAD OFFICE

RETAIL BANKING DEPARTMENT
Star House — I, Second Floor West Wing
Bandra Kuria Complex, Bandra (E),
-4fgrit Mumbai — 400 051
ONO 4

Lu
(,1
trA L.BF'
Classification: Internal
Page 2 of 91
 INDEX
1 Sr. No. Particulars Page No.
1. Star Vehicle Loan — Individuals 4
2. Star Vehicle Loan — Entities other than Individuals 15
3. Doctor Plus (Retail) 24
4. Application form 28
5. In-Principal Sanction Letter 38
6. Check List 40
7. Review Format — Vehicle Loan 41
Annexures
I Due Diligence format for Vehicle Loans by BOI staff 42
ll Pre sanction inspection format for Vehicle Loans 44
III Post sanction inspection format for Vehicle Loans 45
IV Pre Sanction/ KYC Norms/Due Diligence/Fraud 46
Prevention/Post sanction measures
V Extra Due Diligence - Bulk Proposals 54
VI Undertakings 55
VII Procedure for approval of dealer 56
VIII Payout to approved dealer/Sales executive of authorized 58
dealer
IX Credit Rating_ sheet 60
X CPA- Check list 66
XI Standard Operational Procedure under PSB-59 (Vehicle 68
Loan)
Frequently asked Questions 91

Classification: Internal
Page 3 of 91
1. STAR VEHICLE LOAN SCHEME - INDIVIDUALS
Sr. Particulars Terms
No
1. Eligible Residents: Salaried employees (Regular and Confirmed), Other
customers Salaried employees having salary slip/ Form-16 for last 12
months/ 1 year, Professionals & Self-employed businessman,
Individuals with high net worth, People engaged in
trade/commerce/business, Directors of Companies, Senior
citizens, Pensioners , Farmers, Retired employees of the Bank
(other than dismissed/compulsorily retired) and staff members.

Non-Resident Indians - Advance to be granted jointly with

Resident Indians (close relative)
For newly recruited Staff Members who have completed minimum
6 months satisfactory service, vehicle loan can be granted on the
same terms & conditions as applicable to members of public,
however no processing charges will be applicable (Please refer
Branch Cir. No. 98/56 dated 29.06.2004). The authority for
sanction of these loans rests with SZLCC at Zonal Office.
The request of Bank's confirmed staff for Car loan can be
considered under the Star vehicle loan scheme for amount over
and above the eligible loan amount under Staff vehicle loan
scheme (HOBC 115/291 dated 24.02.2022), with all terms and
conditions as applicable to general public.
Note: Star Vehicle Loans strictly to be for pei L:irial use only and
not for any commerc'al purpose.
2. Pre-Sanction/RYC Norms/Due As per Annexures - IV attached. Please go
Diligence/Fraud Prevention/Post through the same for strict compliance.
sanction measures
3. Extra Due Extra Due Diligence need to be exercised while dealing with bulk
Diligence - proposals received from employees of a company
Bulk /firm/organization. Please refer to Annexure V. These due
Proposals diligence measures are issued on the basis of instructions by RBI
and hence needs to be complied with. Ten and above cases are
considered to be bulk finance for attracting this provision.
4. Purpose of A. To purchase of new two wheeler/four wheeler vehicles.
advance Including super bikes

B. To purchase of used / second hand 2 and 4 wheeler — Age of

the vehicle not to exceed 3 years.

(Finance can be granted against the vehicle when Comprehensive

Insurance Cover is available and valuation is obtained from Bank's
Approved valuer or Insurance Surveyor).

C. To purchase of light personal vehicles not requiring heavy duty

driving license viz; Jeeps, Vans etc.

Internal
Page 4 of 91
 D. To purchase of Water vehicles such as Motor Boats / Boats /
Sports Boats and other water vehicles for personal use.
(Second hand Water vehicles not to be financed)
Note:
Delegation to finance Water Vehicles shall rest with minimum
SZLCC and above

E. Vehicles powered by non-conventional energy, such as

electronic/battery operated small vehicles for urban transport
provided not registered with RTO can be financed subject to
specified curtailed limits of advance preferably with collateral
security).
F. Takeover of vehicle loans from other Banks

G. Reimbursement of cost of four wheeler vehicle purchased from

own sources subject to:

1. Purchase of New Four Wheeler Vehicle.

2. Purchased Vehicle should not be more than 3 months old;
3. Purchase should be through cheque/Card/Electronic mode
only;
4. The reimbursement shall be on the basis of obtention of
original Invoice and stamped receipt of less than 3 months
old issued by the approved dealer, vehicle details and original
RC Book(RC Book may be returned after due verification and
self-attested copy to be kept on records);
5. Valuation of the Vehicle to be undertaken from approved
valuer of our Bank or Insurance Surveyor or from a reputed
Automobile Engineer;
6. It shall be ensured that the vehicle has not undergone any
accident during the interim period.
7. Verification of payment from the account of the proponent
and verification with the dealer about receipt of payment and
confirmation that the transaction is not cancelled to be
obtained from the dealer and kept on records.
8. Inspection to be carried out by Credit-in-charge/ Branch
Head
9. Margin at 20% of On road price (excluding cost of
accessories)
• Reimbursement to be made only after (a) registration of our
charge with RTO and (b) registration of hypothecation charge with
Insurance Company with bank's standard clause.

Delegation to sanction vehicle loan on reimbursement basis shall

rest with minimum SZLCC and above
5. Age Age of Individual not to exceed 65 years at the time of availing
advance.
However, in case of joint accounts, the age of senior most applicant
whose income is considered for eligibility, shall be reckoned.

n: Internal
A* et Page 5 of 91
1
it
4,••
ae'
two
 Authority for allowing Age Deviation :
Delegation to sanction the loan shall rest with minimum SZLCC
and above.
Type of Demand Loan/Term Loan
Advance
Quantum of Maximum limits:(Includinq loans on reimbursement basis):
Loan
Two or four wheeler vehicle including water vehicles, super Bikes
run on conventional & non-conventional source of energy

Individuals (Both Resident of India and NRI)

For Indian make vehicles/ imported vehicles:Rs.200 lakhs (can be,
multiple personal vehicles within the limit)

Note:
1. In case of second/subsequent vehicle loan, the delegation for
second/subsequent vehicle loan should not exceed the
maximum quantum of advance as per maximum cap as
mentioned above.
2. In case of Battery operated Electric Vehicle/Conventional
Hybrid Electric Vehicle and Plug in Hybrid Electric Vehicle-

• Registration with RTO is mandatory for vehicles having

power consumption more than 0.25 KW or maximum speed
above 25 kmph as per the guidelines of the central Motor
Vehicles Rules, 1989.
• Green colored License Plate with white letters for Individual
use purpose is mandatory.

3. Water Vehicles to be registered with Inland Water Transport

department (IWTD) of concerned state, wherever applicable.

Note: More than one vehicle can be considered within the above
limits, provided the first account is in order, Hypothecation charge
is duly registered and repayments are regular.
Authority
for
approval of For Resident Individuals/NRI: NBGLCC: Above Rs.200.00 Lakhs.
deviation in
quantum of
loan
Calculation 4 times Gross average income of last 2 years ITR /48 times of
of Quantum average of last 6 months salary drawn/or 4 times of latest Form
of Loan 16.

ter nal
Page 6 of 91
 Sanctioning authority may permit adding back of depreciation
in case of Proprietor, to compute annual income subject to
following conditions:-
a. This facility is available only to Businessmen,
Professional and Self-employed individuals, who run
the business/activity on proprietorship basis and who
have availed loans from (whether outstanding or
closed) Banks/Fls/NBFCs for buying assets on which
depreciation is claimed
b. Depreciation to be added back not to exceed average
depreciation for last 3/2 years ITRs or depreciation for
last FY whichever is lower

Note:
1. The ITRs filed in respective assessment years are only to be
considered.

Note: For IT Assesses - The delegation to allow deviations like

applicant having only one year ITR or ITRs filed in the same
assessment years etc. shall rest with minimum RBC/SZLCC and
above.

The delegation for Salaried employees of Government/ PSUs/

reputed MNCs with less than 2 years of experience, with one
year Form-16/ 6 months' salary slips shall rests with normal
delegated authority as per their delegation subject to
verification of genuineness of the salary credit in the salary
account.

2. Branch Managers permitted to assess annual income of the

proponent/borrower max up to Rs.2.50 Lakh p.a. in absence of I.T
Returns. Branch Managers are advised to use income proxies and
observable characteristics such as

■ Socio Economic status of the prospective borrowers: bricks

walled house, in which school children are studying,
consumption levels etc.
■ Account status of the borrowers: turnover in the account, saving
level (saving account, FDRs, RDs, other saving instruments
etc.)
■ Non dependence on below Poverty Line(BPL) subsidies(In fact
borrowers should declare that their name is not appearing in the
BPL list)
■ Obligation levels from the estimated income: No. of children in
the family, consumption patterns etc.
■ Analysis of surrogate data extracted from Bank accounts
statement
CI re trim!
Page 7 of 91
 • In respect of Agriculturists, assessment of annual income level
of proponent/borrower may be guided/based on factors like land
holding and cropping patterns, assessment by technical
committee for the district deciding on scale of finance for crops,
allied activities of farmers, income certificate issued by
Panchayat/Municipal authorities, sales/business turnover by
verification of relevant records maintained etc.
The basis of assessment of income should be signed by the
borrower and vetted by the processing officer/sanctioning
authority.
In respect of farmers depending on his repayment capacity as
applicable in Agriculture Loans.

3. Income of any one family member — defined as 'relative' as

given in Section 2(77) of Companies Act, 2013.

4.The vehicle shall be registered in the name of any one of the

applicants.

10 1 Net take
home Net Take home Pay/Income (NTH) for Individuals:
Income Gross Monthly income. % of NTHP
Up to Rs.1.00 iakh per month 40%
Up to Rs.5.00 lakhs per month 30%
Above Rs.5.00 lakhs per month 25%

11. Margin For Individuals including NRI (New vehicles only) :

10% (on 'ON ROAD PRICE') uniformly for all limits. Margin
includes basic price of vehicle, Road Tax, Insurance and
Registration excluding cost of accessories.

For Second hand vehicles (both conventional/ Non-conventional):

Minimum Margin 30% (on depreciated value or value assessed by
valuer or sale consideration whichever is lower.)

Note:
• Genuineness of the Invoice to be verified and suitable
comments to be noted in the appraisal.
• Proforma invoice issued by the Canteen Stores Department
(CSD) maintained by Defense may also be accepted for
Defense personnel.
• Proforma Invoice issued by the dealer (Main dealer not sub-
dealer) should be duly accepted by the applicant.
• No deviations to be allowed in margin.
• Credit Insurance premium amount can also be included
in Project cost, if the loan is proposed to be insured.

StO 4ft'
lC, eia

vram
Page 8 of 91
vowi

8ANY-‘14
12 Processing Service charges as per 115/262 dated 31/12/2021 w.e.f. from
Charges/ha 01.02.2022 or service charges as per the changes made from time
ndling to time.
Charges
1) For New Four Wheeler Loan/Water vehicle Loan: 0.25% of
limit, Min Rs.1000/-, Max. — Rs.5000/-.

2) For New Two Wheeler Loan/2nd hand vehicle (both 2/4

wheelers): 1% of the Loan amount, Minimum Rs.500/- and
Max.Rs.10000/-

For Rural Branches: Processing charge will be 75% of above that

applicable for individual borrowers, subject to minimum of Rs.500/-
' in respect of loans availed by borrowers of rural areas/ from rural
Branches

Note:
• Processing charges waived for senior citizens, pensioners
drawing pension from our bank & retired employees of the
Bank.
■ No processing charges for purchase of vehicles run on non-
conventional sources of energy.
• No processing Charges at the time of review (same terms)
13. Disclosure Branches are required to inform the applicant about the applicable
of charges as under at the time of initial interview of
Information borrower/submission of application forms:
on charges 1) Processing charges
2) Charges for title clearance (where property is taken as
security),
3) Valuation charges (where property is taken as security and
valuation of second hand vehicle),
4) Charges for stamping of documents,
5) CERSAI charges (where charge is proposed to be created)
6) Charges for registration of EQM with designated
authority(applicable in those states where such statutory
requirement exists),
7) Insurance charges (for Insurance of Assets Created)
8) Penal charges for delayed payment of installments;
9) Other charges such as Cheque/ECS return charges;

Charges for Due Diligence undertaken by outside agency, if any,

has to be absorbed by the Bank.(Ref: Para No.4c, Page 2 of BC
101/145 dated 30.10.2007)
1 Rate of Four Wheelers/Water Vehicles/Two Wheelers including Super
Interest Bike: New & 2nd hand (2/4 wheeler) Vehicle
Rate of Interest as per HOBC Ref. no.115/45 dated 04.05.2021.
ROI is subject to change from time to time.
Additional Concession in ROI:
Interim]
Page 9 of 91
 0.10% concession in ROI can be given for the below mentioned
category of borrowers

i. CIBIL personal score of applicants is 760 and above and Loan

amount Rs. 20.00 Lakhs and above
OR
ii. For purchase of vehicles run on non-conventional sources of
energy (irrespective of loan amount)

Delegation to allow concession in ROI: RBC and above

15. Moratorium Moratorium period of 3 months can be considered if there is delay
period in delivery of vehicle. However, interest is to be serviced during
moratorium period.
A letter from Dealer to be obtained for tentative date of delivery of
vehicle while considering moratorium period.
16. Repayment For New vehicles :
2 wheelers: Max. 5 years
4 wheelers/Water Vehicle: Max. 7 years.

For pre-owned (second hand) vehicles:

A. Two wheelers: Maximum repayment period shall be 5 years
from the original date of registration
B. Four Wheelers: Maximum repayment period shall be 7 years
from original date of registration
17. Security/ 1) Principal security — Hypothecation of assets purchased out
Collateral of Bank finance & charge to be registered with RTO and
security registered as Personal vehicles.
2) Comprehensive insurance (including third party) of the vehicle
with Bank clause.
3) Collateral Security- Appropriate Collateral security to be
insisted :

a) For loan limits exceeding the maximum quantum of loan as

specified in point no. 7, Quantum of loan.
• In case of liquid security: 100% of loan amount
• In case of immovable properties: 125% of loan amount
• In case of shares/mutual funds: 200% of loan amount

b) For Water vehicles: collateral security to be obtained

irrespective of sanction limit.
• In case of liquid security: 100% of loan amount
• In case of immovable properties: 125% of loan amount
• In case of shares/mutual funds: 200% of loan amount

c) In respect of vehicles run on non-conventional energy not

requiring registration with RTO, collateral security to be
obtained for loans limits over Rs.1.00 lac.

11remaI

Page 10 of 91
(Muiroal.

44 8ANto-46
 18. Guarantee Third party guarantee is not required in respect of Loans to
resident individuals & NRIs, Irrespective of loan amount
provided vehicle is registered with RTO and Banks Charge is
registered thereon.

Third party guarantee is required in respect of loans for vehicles

not requiring registration with RTO.

The sanctioning authority can waive obtention of third party

guarantee in the following categories with proper justifications like:
1) CIBIL Personal Score of 700 and above
2) Existing customer of Bank for more than two years with
satisfactory dealings.
3) Existing Diamond/Platinum customer.
4) Obtention of tangible collateral security of acceptable
value.
19. Agreement Branches shall furnish to the borrower a copy of loan agreement
Copy/Char copy / Charges along with copy of each of all enclosures quoted in
ges the loan Agreement at the time of sanction/disbursement.
No charges to be levied for copies provided
20. Discretionary power/Delegation (outside the group concept) @ Rs. In Lakhs
Scale I II Ill IV at Branch/ Scale V at ZLCC NBGLCC GMLCC ED
SZLCC where Branch/SZLCC (Zone LC
DZM Is Scale where DZM Is s C
IV/ RBC Scale VIRBC heade
Headed by Headed by Scale d by
Scale IV V AGM/
DGM)
I. For 10 10 (Br) 10 (Br)
Individu (Br)
als/NRI 200 F.P. F.P. F.P.
(For 3 10 15 20 50
New (RBC) (SZLCC and (SZLCC and RBC)
vehicles RBC)
only)
II. Pure
hase of
Second
hand-
Two
/Four 10 10
wheeler/ F.P F.P F.P F.P
vehicles
2 8 10 (Br) (Br)
run on
non- (BR
convent! &
onal RBC) 25
energy 50
(For
both (SZLCC (SZLCC and
IndivIdu
als and and RBC) RBC)
other
than
indivldu
als)

Note: The proposed limit will be clubbed together with existing limit under the
scheme, if any, to decide the delegated authority.
Internal
Page l I of 9 I
yam
')
c•
woad
0> Vet c.,0
44 oA1404
 21. Documenta 1. Application-cum-proposal
tion 2. Statement of asset and liabilities of borrowers/guarantors
3. DP Note and instalment letter
4. Letter of guarantee wherever applicable (0D-194)
a) Bank's charge to be registered with RTO and copy of RC
Book with Bank's lien noted thereon to be kept with
documents
b) RTO Form 29 & 30 - with undertaking as per Annexure-
VI
5. Creation of charge on collateral security if proposed/
stipulated
6. Other due diligence documents —
a) Identity/Address proof documents;
b) Income Proof Documents: Income tax returns/salary
particulars/ Balance sheets, etc.
7. Loan/EMI Recovery: [Procedure for recovery of EMI to be
formalized at the time of documentation itself]
a. For tie-up arrangements with employer, letter of authority
(2 copies) to employer for recovering installments from
salary. OR
b. SI (standing instruction) for those maintaining salary
accounts or having satisfactorily conducted operative
account with the Branch.
OR
b. ECS debit mandate forms (RBI as well as NPCI
format) three originals * Refer HOBC 107/174 dated
10.12.2013.
8. 2/3 CTS 2010 standard compliant cheque as security Post
Dated Cheques (PDCs) to be used strictly in case bank
decides to initiate action under Section 138 of the NI Act.
9. Sanction Letter - Duly acknowledged by borrowers &
guarantors.
10. DDE-R02 in lieu of L-512, L-515, L-516 and RBLR
Agreement.
22. Procedure As per Annexure - VII
for
approval of
dealer
23. Payout to As per Annexure - VIII
approved
dealer/staff
of dealer
2 Reporting Branches/ZoneslNBG to report lending under this scheme to
under Post respective ZM / GM, National Banking Group / HO, RBD,
Sanction respectively, as per extant instructions in this regard mentioned in
Review HOBC 111/42 dated 17/06/2017 & IOM Ref No.
System HO/CRMD/RC/2018-19/785 dated 30/01/2019, PSRS for accounts
with exposure of Rs.2.00 lakhs and above.
25. Review of Account sanctioned under the scheme is to be reviewed in a
Accounts statement format on an annual basis as under:
1) Review of accounts covered in CCIS-3, as per the guidelines
prevailing in this regard from time to time.
Classification: I is ieruaI
Zi;?, Page 12 of 91
41 "#

k a A1.404"
 2) Review of accounts other than CCIS-3, and which are standard
assets, as on 31st December each year should be reviewed in a
statement format.

3) In respect of sanctions beyond branch level review proposals to

be submitted to the respective delegated authority.

NO PROCESSING CHARGES TO BE RECOVERED AT THE

STAGE OF REVIEW — SAME TERMS. However, processing
charges can be levied at the time of review involving change in
terms necessitating fresh documentation.
26. Follow up Annually
Inspection
27. Deviations In all other terms of Loan/finance: NBGLCC and above
28. Statistical Accounts to be opened under Finacle Code
classificati LA 605 (TL — El) and LA 606 (DL — El). Advances sanctioned
on as per provisions of the scheme are to be reported under CCIS
with Sector Code — 90; Scheme Code 404

29. Proposal All Retail Loans proposals to be invariably processed and

Processing disbursed through CAPS system/ E-Platform as direct account
/Loan opening of retail loan accounts in Finacle system is blocked.
Disbursem VSAT branches are presently exempted from compulsory
ent processing through CAPS/ E-Platform.
30. Disposal of Applicant for loan completed in all respects should be disposed of
Application within a maximum period of 5 working days from the date of receipt
of completed application.
31. Sanction Terms of sanction should be conveyed in writing to the customer
Letter in duplicate. A copy of the sanction letter signed by the borrowers
& guarantors in token of having accepted the terms and conditions
mentioned in the Bank's sanction letter to be obtained and kept on
record.
32. Insurance Comprehensive Insurance (including third party) of vehicle with
Bank's clause to be obtained.
33. Pre closure NIL
charges
34. Conversion Administrative Charges- shall not be charged in case of switch over
Charges of loans from BOIPLR/BOIFRR/Base Rate/MCLR to RBLR.
35. Credit As per New Rating Sheet attached in Annexure — IX
Rating
36. Status Branch to update status of online application in CAPS & offline
Updation of application on PSB-59 portal.
application
received
through
PSB-59
portal
37. MIS CODE Free Code 3
Water Vehicles : 497
Electric Vehicles : 498
Super Bikes : 499

nsci -cation: Internal

SM Page 13 of 91
O. OF t4e6,/-

waTI
Deal
Hoed

/4 SANK
 38. Concession Concession in ROI will be considered by NBGLCC/HLCC-
in ROI II/HLCC-1 as per its delegation.
The concession granted in rate of interest shall be valid for the
entire tenure of the loan, if there is no deterioration in the CIBIL
personal score at the time of Review.
Concessions in ROI shall be guided latest guidelines issued from
time to time and presently latest being HOBC No.113/236 dated
28.02.2020

xiT411

Hid
BANKO'

Classification: Internal
Page 14 of 91
2. STAR VEHICLE LOAN SCHEME — ENTITIES OTHER THAN INDIVIDUALS

Sr. 1 Particulars Terms

No
1. Eligible Companies, Partnership firms, Proprietary concern and
customers other types of Corporate entities including Trusts. HUFs
not permitted.
Pre-Sanction/KYC As per Annexures - IV attached. Please go
Norms/Due through the same for strict compliance.
Diligence/Fraud
Prevention/Post
sanction measures
Extra Due Extra Due Diligence need to be exercised while dealing
Diligence - with bulk proposals received from employees of a
Bulk Proposals company /firm/organization. Please refer to Annexure- V.
These due diligence measures are issued on the basis of
instructions by RBI and hence needs to be complied with.
Ten and above cases are considered to be bulk finance
for attracting this provision.
Purpose of A. For purchase of new two wheeler/four wheeler
advance vehicles.

B. For purchase of used / second hand 2 and 4

wheeler — Age of the vehicle not to exceed 3
years.
(Finance can be granted against the vehicle when
Comprehensive Insurance Cover is available and
valuation to be obtained from Bank's Approved
valuer).

C. For purchase of light personal vehicles not

requiring heavy duty driving license viz; Jeeps,
Vans etc.

D. For purchase of Water vehicles such as Motor

Boats / Boats / Sports Boats and other water
vehicles for corporate use. (Second hand Water
vehicles not to be financed).
Delegation to finance Water Vehicles shall rest with
minimum SZLCC and above.

E. Vehicles powered by non-conventional energy,

such as electronic/battery operated small vehicles
for urban transport provided not registered with
RTO can be financed subject to specified curtailed
limits of advance preferably with collateral
security).
F. Takeover of vehicle loans from other Banks

Internal
Page 15 of 91
 G. Reimbursement of cost of four wheeler vehicle
purchased from own sources.
Subject to: -
1. Purchase of New Four Wheeler Vehicle.
2. Purchased Vehicle should not be more than 3
months old;
3. Purchase should be through
cheque/Card/Electronic mode only;
4. The reimbursement shall be on the basis of
obtention of original invoice and stamped receipt of
less than 3 months old issued by the approved
dealer, vehicle details and original RC Book (RC
Book may be returned after due verification and
self-attested copy to be kept on records);
5. Valuation of the Vehicle to be undertaken from
approved valuer or from a reputed Automobile
Engineer;
6. It shall be ensured that the vehicle has not
undergone any accident during the interim period.
7. Verification of payment from the account of the
proponent and verification with the dealer about
receipt of payment and confirmation that the
transaction is not cancelled to be obtained from the
dealer and kept on records.
8. Carrying out inspection by Senior level officials at
the Branch.
9. Margin at 20% of On road price (excluding cost of
accessories)
Reimbursement to be made only after (a) registration of
our charge with RTO and (b) registration of hypothecation
charge with Insurance Company with bank's standard
clause.
Deleaation to sanction vehicle loan on reimbursement
basis shall rest with minimum SZLCC and above
5. Type of uemana °ant i erm Loan
Advance Note: For 2nd hand (pre-owned) vehicles, the repayment
period should not exceed 7 years from the date of original
registration or residual economic life period of the vehicle
whichever is lower.
6. Quantum of Maximum limits: (including loans on reimbursement
Loan basis): Two or four wheeler vehicle including water
vehicles, Super Bikes run on conventional & non-
conventional energy

For Companies and Corporate entities - Rs.300 Lacs

(Can be multiple personal vehicles. reaistration of vehicle
as personal and not to be used for commercial)

Note:

Iniernal
Page 16 of 91

e AN16
 1. In case of second/subsequent vehicle loan, the
delegation for second/subsequent vehicle loan should
not exceed the maximum quantum of advance as per
maximum cap as mentioned above.

2. In case of Battery operated Electric

Vehicle/Conventional Hybrid Electric Vehicle and Plug
in Hybrid Electric Vehicle-

• Registration with RTO is mandatory for vehicles

having power consumption more than 0.25 KW or
maximum speed above 25 kmph as per the
guidelines of the central Motor Vehicles Rules, 1989.
• Green colored License Plate with white letters for
Individual use purpose is mandatory.

3. Water Vehicles to be registered with Inland Water

Transport department (IWTD) of concerned state,
wherever applicable.

Note: More than one vehicle can be considered within the

above limits, provided the first account is in order,
Hypothecation charge is duly registered and repayments
are regular.
7. Authority for For Corporate/Others : Above Rs.300.00 Lakhs : The
approval of delegation to approve deviation and to sanction the loan
deviation in lies with NBGLCC
quantum of
loan
8. Calculation of 4 times of average annual cash accrual (i.e. PAT +
Quantum of Depreciation) as per last two years I.T. Returns, Audited
Loan balance sheet, P&L Account filed in respective
assessment years subject to a minimum DSCR of 1.25.
9. Margin New Vehicles:

10% (on 'ON ROAD PRICE') uniformly for all limits for
new vehicles only. Margin includes basic price of
vehicle, Road Tax, Insurance and Registration
excluding cost of accessories.

For Second hand vehicles: Minimum Margin 30% (on

depreciated value or value assessed by valuer or sale
consideration whichever is lower)
Note:
• Genuineness of the Invoice to be verified and
suitable comments to be noted in the appraisal.

• Ohi Hal
Page 17 of 91
 • Proforma Invoice issued by the dealer (Main dealer
not sub-dealer) should be duly accepted by the
applicant.
• No deviations to be allowed in margin.
10. Processing Service charges as per 115/262 dated 31/12/2021 w.e.f.
Charges/handli from 01.02.2022. Service charge is subject to change
ng Charges from time to time.
For New Four Wheeler Loan/Water vehicle Loan:
0.50% of limit, Min. Rs.2000/- Max- Rs.10000/-.

For New Two Wheeler Loan/2nd hand vehicle (both

2/4 wheelers): 2% of the Loan amount, Minimum
Rs.1000/- and Max.Rs.20000/-

For Rural Branches: Processing charge will be 75% of

above, subject to minimum of Rs.500/- in respect of loans
availed by borrowers of rural areas/ from rural Branches
Note:
• No processing charges for purchase of vehicles run
on non-conventional sources of energy.
• No processing Charges at the time of review (same
terms)
1 Disclosure of Branches are required to inform the applicant about the
Information on applicable charges as under at the time of initial interview
charges of borrower/submission of application forms:
I. Processing charge
II. Mortgage charge (if applicable)
III. Charges for title clearance (where property is taken
as security),
IV. Valuation charge (where property is taken as
security),
V. Charges for stamping of documents,
VI. CERSAI charges (where mortgage is proposed to
be created),
VII. Charges for registration of EQM with designated
authority(applicable in those states where such
statutory requirement exists),
VIII. Insurance charges (for Insurance of Assets
Created)
IX. Penal charges for delayed payment of
installments;
X. Other charges such as Cheque/ECS return
charges;
Xl. Charges for Due Diligence undertaken by outside

of kfre
by ,%p•
cats sal
Page 18 of 91
 agency, if any, has to be absorbed by the
Bank.(Ref:Para No.4©, Page 2 of BC 101/145dated
30.10.2007)
AA/ a
12. mate or interest 4 vvneelersivvater
Wheelers/Water Vehicles/2 Wheeler
VVfleCIW oupei
Bike:
New & 2nd hand(2/4 Wheeler) Vehicle:
Rate of Interest as per HOBC Ref. no.115/45 dated
04.05.2021. ROI is subject to change from time to time.

Additional Concession in ROI:

0.10% concession in ROI can be given to below category,
i. COL commercial score of company/firm is CMR3
and better and loan amount of Rs.20.00 lakhs and
above
OR
ii. For purchase of vehicles run on non-conventional
sources of energy
Maximum concession : 0.10%
Delegation to allow concession in ROI: RBC and above
14. Moratorium Moratorium period of 3 months can be considered if there
period is delay in delivery of vehicle. However, interest is to be
serviced during moratorium period.
A letter from Dealer to be obtained for tentative date of
delivery of vehicle while considering moratorium period.
15. For New vehicles
Repayment 2 wheelers — Max. 5 years
4 wheelers/Water Vehicle - Max. 7 year.

For pre-owned (second hand vehicles):

a. Two wheelers: Maximum repayment period shall be
5 years from the original date of registration
b. Four wheelers: Maximum repayment period shall be
7 nears from the oriainal date of registration
16. Security/ 1) Principal security — Hypothecation of assets
Collateral purchased out of Bank finance & charge to be registered
security with RTO and registered as Personal vehicles.
2) Comprehensive insurance (including third party) of the
vehicle with Bank clause.
3) Appropriate Collateral security to be insisted
A. For loan limits (for purchase of a sole vehicle or multiple
personal vehicles) exceeding the maximum ceiling
loan limit as mentioned in point no 7, Quantum of loan.
• In case of liquid security: 100% of loan amount
• In case of immovable properties: 125% of loan
amount
• In case of shares/mutual funds: 200% of loan
amount
hilernal
4:045f
4V v 400r
Page 19 of 91
te•
ti110
• ca ttAlint'l

eAN04
 B. For Water vehicles: collateral security to be obtained,
irrespective of limit as under.
• In case of liquid security: 100% of loan amount
• In case of immovable properties: 125% of loan
amount
• In case of shares/mutual funds: 200% of loan
amount
Note:
(i) In respect of vehicles financed to Corporates and
registered in Company's name itself, registration of
charge on vehicle (Asset of the Company) needs to be
done with Registrar of Companies also (apart from
registration of Bank's charge on vehicle with RTO).

(ii) In respect of vehicles run on non-conventional energy

not requiring registration with RTO, collateral security to
be obtained for loans limits over Rs. 1.00 lac.
17. Guarantee Third party guarantee can be waived by sanctioning
Authority in respect of loan to Corporates subject to
Charge registered with ROC. [For Vehicle registered in
Company's Name];

In case vehicle is not registered in Company's/firm's

Name, Guarantee of the Director in whose name the
Vehicle to be re•istered is to be obtained.
18. Agreement Branches shall furnish to the borrower a copy of loan
Copy/Charges agreement copy / Charges along with copy of each of all
enclosures quoted in the loan Agreement at the time of
sanction/disbursement.

No charges to be levied for copies provided

19. Entry Level Wherever applicable, Entry Level Rating should be
Norms complied with and the minimum accepted rating is
CMR-5. If the rating of the company/ firm is below
CMR-5 (i.e. CMR-6 to CMR-10), approval of deviation
to be taken from the ZLCC & above and loan will be
sanctioned by the normal delegated authority.

20. Discretionary pow'er/Delegation (outside the group concept)@

Scale II Ill IV at Branch/ Scale V at ZLCC NBG GM EDLCC
SZLCC where Branch/SZLCC (Zone LCC LCC
DZM is Scale where DZM Is
IV/ RBC Scale V!RBC •heade
Headed by Headed by Scale d by
Scale IV V AGM/
DGM)
I. For 10 10 10
entitles (Br) (Br) (Br)
other
than

acieei eternal
1.,OF IN0/4,
Page 20 of 91

.14 ElAr0
 Indlvidu 10 15 50 75 300 F.P I F.P F.P
5
als (For (RBC) (SZLCC and (SZLCC and RBC)
New RBC)
vehicles
only)
II. Purc
hase of
Second
hand-
Two
/Four
wheeler/
vehicles
run on 2 8 10 10 10 F.P F.P F.P F.P
non- (Br) (Br)
conventi (BR
onal
energy
(For RBC)
both 25 50
IndIvIdu
als and
other (SZLCC (SZLCC and
than and RBC) RBC)
indlvidu
als)
21. Documentation 1) App ication-cum-proposal.
2) Statement of asset and liabilities of
borrowers/guarantors
3) DP Note and instalment letter.
4) Letter of guarantee wherever applicable (0D-194)
5) a. Bank's charge to be registered with RTO and copy
of RC Book with Bank's lien noted thereon to be kept
with documents.
b. RTO Form 29 & 30 - with undertaking as per
Annexure-VI
6) Registration of charge with ROC in respect of finance
to Companies.
7) Creation of charge on collateral security if proposed/
stipulated.
8) Other due diligence documents —
a) Identity/Address proof documents;
b) Income Proof Documents: Income tax returns/salary
particulars/ Balance sheets, etc.
9) Loan/EMI Recovery: [Procedure for recovery of EMI to
be formalized at the time of documentation itself]
a. For tie-up arrangements with employer, letter of
authority (2 copies) to employer for recovering
installments from salary. OR
b. SI (standing instruction) for those maintaining salary
accounts or having satisfactorily conducted operative
account with the Branch.
OR
c. ECS debit mandate forms (RBI as well as NPCI format)
three originals * Refer HOBC 107/174 dated 10.12.2013.
10) 2/3 CTS 2010 standard compliant cheque as security
Post Dated Cheques (PDCs) to be used strictly in case
bank decides to initiate action under Section 138 of the NI
Act.
3 . Internal
4(e *OH Page 21 of 91
cik
(.q(0

13A N t(%0
 11) Sanction Letter - Duly acknowledged by borrowers &
guarantors.
12) DDE-R02 and to be stamped as per the practice
prevailing in the respective states in lieu of L-512, L-
515, L-516 and RBLR Agreement.
22. Procedure for As per Annexure — VII
approval of
dealer
23. Payout to As per Annexure — VIII
approved
dealer/staff of
dealer
24. Reporting Branches/Zones/NBC to report lending under this
under Post scheme to respective ZM / GM, National Banking Group /
Sanction HO, RBD, respectively, as per extant instructions in this
Review System regard mentioned in HOBC 111/42 dated 17/06/2017 &
10M Ref No. HO/CRMD/RC/2018-19/785 dated
30/01/2019, PSRS for accounts with exposure of Rs.2.00
Iakhs and above.
25. Review of Account sanctioned under the scheme is to be reviewed
Accounts in a statement format on an annual basis as under:
1) Review of accounts covered in CCIS-3, as per the
guidelines prevailing in this regard from time to
time.

2) Review of accounts other than CCIS-3, and which

are standard assets, as on 31st December each
year should be reviewed in a statement format at
the branch level.

3) In respect of sanctions beyond Branch level review

proposals to be submitted to the respective
delegated authority.

NO PROCESSING CHARGES TO BE RECOVERED AT

THE STAGE OF REVIEW — SAME TERMS. However,
processing charges can be levied at the time of review
involving change in terms necessitating fresh
documentation.
26. Follow up Annually
Inspection
27. Deviations In all other terms : NBGLCC and above
28. Statistical Accounts to be opened under Finacle Code
classification LA605 (TL — El) and LA 606 (DL — El) Advances
sanctioned
as per provisions of the scheme are to be reported under
CC!S with Sector Code — 90; Scheme Code 404
29. Proposal All Retail Loans proposals to be invariably processed and
Processing/Lo disbursed through CAPS system/ E-Platform as direct
an account opening of retail loan accounts in Finacle system
Disbursement is blocked.
VSAT branches are presently exempted from compulsory
processing through CAPS/ E-Platform.

3814* In ierna
IV. 0 OF Page 22 of 91
V '0,
MI79.
Heed flf.
tumbel

104 RAG
 30. Disposal of Applicant for loan completed in all respects should be
Application disposed of within a maximum period of 5 working days
from the date of receipt of completed application.
31. Sanction Letter Terms of sanction should be conveyed in writing to the
customer in duplicate. A copy of the sanction letter signed
by the borrowers & guarantors in token of having
accepted the terms and conditions mentioned in the
Bank's sanction letter to be obtained and kept on record.
32. Insurance Comprehensive Insurance (including third party) of
vehicle with Bank's clause to be obtained.
33. Pre closure NIL
charges
34. Conversion Administrative Charges-shall not be charged in case of
Charges switch over of loans from BOIPLR/BOIFRR/Base
Rate/MCLR to RBLR
35. MIS CODE Free Code 3,
Water Vehicles : 497
Electric Vehicles : 498
Super Bikes : 499
36. Concession in Concession in ROI will be considered by
ROI NBGLCC/HLCC-11/HLCC-1 as per its delegation.
The concession granted in rate of interest shall be valid
for the entire tenure of the loan, if there is no deterioration
in the CIBIL commercial score at the time of Review.
Refer to HOBC No.113/236 dated 28.02.2020

➢t1T9 47t)
Head (Murnbal

ft-4
8 A 14Kits%

Classification: I n terital
Page 23 of 91
 3. STAR DOCTOR PLUS SCHEME (RETAIL) VEHICLE LOAN — INDIVIDUALS
AND PROPRIETORSHIP FIRMS

Sr. Particulars Terms

No
1. Purpose Purchase of Personal Vehicles (Two/Four Wheeler)
2. Eligibility Qualified registered medical practitioner with minimum 3
years' experience in any branch of medical science
recognized by MCl/DCI /other statutory /regulatory
authorities to practice in India
3. Constitution of Individual / Proprietorship
Borrower
4. Age 25-75 Years. Outer age is the age by which the advance
facility should be repaid in full.

Authority for deviation : SZLCC and above

5. Loan Limit Maximum limits (including loans on reimbursement
basis):

Two or four wheeler vehicle run on conventional & non-

conventional energy

For Indian make vehicles/ imported vehicles : Rs.200

lakhs (can be multiple personal vehicles within the limit)

Delegation to sanction vehicle loan on reimbursement

basis shall rest with minimum SZLCC and above
6. Calculation of For Salaried :
Loan
4 times Gross average income of last 2 years ITR / 4
times gross average income of latest form-16/ with Net
take home pay (NTHP) as under
• Up to Rs.1.00 lakh per month: 40%
• Up to Rs.5.00 lakhs per month : 30%
• Above Rs.5.00 lakhs per month: 25%.

For Proprietorship Firm:

Four times of average annual cash accrual (i.e. PAT +
Depreciation) as per last two years I.T. Returns, Balance
sheet, P&L Account filed in respective assessment
years, subject to a minimum DSCR of 1.25

Note:
• The ITRs filed in respective assessment years are
I only to be considered

CI ation: Internal
Page 24 of 91
 • The delegation to allow deviations like applicant
having only one year ITR/Form 16 or ITRs filed in the
same assessment years etc. shall rest with minimum
RBC/SZLCC and above.
• The delegation for sanctioning loan to Doctors
with less than 2 years of service/experience,
with/without ITRs shall rests with normal
delegated authority as per their delegation subject
to verification of genuineness of last 6 months
salary credit in the salary account.

7. Security Hypothecation of Assets created out of bank finance;

Bank's charge to be registered with RTO.
8. Type of Demand Loan/Term Loan
Advance
9. Margin For Individuals/ Proprietorship firms ( New vehicles only)

10% (on 'ON ROAD PRICE') uniformly for all limits.

Margin includes basic price of vehicle, Road Tax,
Insurance and Registration excluding cost of
accessories.

Note:
• Genuineness of the Invoice to be verified and
suitable comments to be noted in the appraisal.
• Proforma Invoice issued by the dealer (Main dealer
not sub-dealer) should be duly accepted by the
applicant.

No deviations to be allowed in marain.

10. Moratorium Moratorium period of 3 months can be considered if there
period is delay in delivery of vehicle. However, interest is to be
serviced during moratorium period.

A letter from Dealer to be obtained for tentative date of

delivery of vehicle while considering moratorium period.
11. Repayment 84 Months
Period
12. Take Home Minimum NTHP for gross monthly income
Pay (Incl. EMI up to Rs.1 lac - 40%
for proposed over Rs.1 Lac to Rs.5 lacs - 30%
Loan) over Rs. 5 lacs - 25%
13. Rate of Interest Two/Four Wheelers (New Vehicle & Second Hand)
Rate of Interest as per HOBC Ref. no.115/45 dated
04.05.2021. ROI is subject to change from time to time.
Additional Concession in ROI:
I

Internal
-te t\1( OF/4, Page 25 of 91
"
UUT9
(Tit
NOW ,ersba

4FITin
eANattaG
 0.10% concession in ROI can be given to below
mentioned category of borrowers;
i. CIBIL personal score of applicant/s is 760 and
above and loan amount of Rs.20.00 lakhs and
above OR
ii. In case of Proprietorship CIBIL commercial score
of firm- CMR5 and better and loan amount of
Rs.20.00 lakhs and above OR
iii. For purchase of vehicles run on non-conventional
sources of energy
Maximum concession: 0.10% subject to Min. RBLR.

14. Processing 1. 50% concession in charges applicable to

Charges/handli Members of public, plus GST, for vehicles run on
ng Charges conventional energy
2. Nil Processing charges for purchase of vehicles
run on non-conventional sources of energy.
15. Pre closure NIL
charges
16. Disclosure of As per Star Vehicle Loan Scheme - Individual
Information on
charges
17. MIS Code in Free Code 3 — 364
Finacle
18. Delegation
Scale I II III IV at Branch/ Scale V at ZLCC NBG GM EDL
SZLCC where Branch/SZLCC (Zone LCC LCC CC
DZM Is Scale where DZM Is s
IV! RBC Scale V!RBC heade
Headed by Headed by Scale d by
Scale IV V AGM/
DGM)
I. For 10 10 (Br) 10 (Br)
lndividu (Br)
als/NRI 200 F.P. F.P. F.P.
(For 3 10 15 20 50
New (RSC) (SZLCC and (SZLCC and RBC)
vehicles RBC)
only)
II. Purc
hase of
Second
hand-
Two
/Four 10 10
wheeler/ F.P F.P F.P F.P
vehicles
2 8 10 (Br) (Br)
run on
non- (BR
convents &
onal
energy
RBC) 25 50
(For
both
IndivIdu
(SZLCC (SZLCC and
als and and RBC) ' RBC)
other
than
individu
als)

I: Internal
kfo
.:60K Of f: Page 26 of 91
174414
, tt)
Hoed irj c tribal

' &INKIIAG
 19. Other All other provisions as per Star vehicle loan scheme-
Provisions Individual
including KYC
& Due
Dili • ence
20. Time Line for 5 working days from the date of receipt of completed
disposal of application
application
21. Status Branch to update status of online application in CAPS
Updation of & offline application on PSB-59 portal.
application
received
through PSB-
59 portal
22. Concession in Concession in ROI will be considered by
ROI NBGLCC/HLCC-II/HLCC-I as per its delegation.
The concession granted in rate of interest shall be valid
for the entire tenure of the loan, if there is no deterioration
in the CIBIL personal score at the time of Review.
Refer to HOBC No.113/236 dated 28.02.2020

Take over of Vehicle Loans from Other Banks:

Takeover of car loans from other banks can be permitted subject to:
The applicant is our existing customer with satisfactorily conducted account with the
Bank for at least two years or customers having credit facilities with immovable
property as primary/collateral security.
1. The vehicle is not more than 2 years old
2. It is a single ownership vehicle
3. No insurance claim has been availed and
4. The borrower's a/c with the other bank is a Standard Asset ie. all repayments are
made as per terms of sanction of the original financier.
5. No change in ownership is envisaged
6. Repayment period as applicable to second hand loans.

For customer with less than 2 years of satisfactorily conduct account, the
Delegation to approve loan rests with ZLCC and above.

307
*a 10 Fly
.4!)1'
Neal] 0
(144`)
Nurrtbar

NK
son Internal

Page 27 of 91
 MVO alfg, Itfitan B01 k
Bank of India

LOAN AVPLICATION FORM FOR RETAIL LOAN

(To be filled in by the applicant/co-applicant)

For Office us
Sourced by
(Direct/Dealer/BSA/Mobile
Apps/Missed Call/Website)
Details of Dealer/BSA Applicant recent Co-Applicant
passport size recent passport
Lead Ref. no. Photograph size Photograph
Product
Loan Amount (Rs.)
Parking Branch
Processing office (Name
of the RBC)

I/We wish to apply for a loan of Rs. ( ) (in

words) for the purpose of under below scheme.
Star Personal Loan Star Mitra Loan Star Pensioner Loan
Star Holiday Loan Star Personal Loan Special Scheme
Star Vehicle Loan (Individual/Entities other than Individual/Doctor Plus)

I/We agree to abide by all the terms and conditions prescribed by the Bank, from time to time.
I/We agree to execute all the necessary documents and to create securities in Bank's favour as
desired by the Bank.
To enable the Bank to consider my/our request, I/We furnish below the required
particulars/information and undertake to furnish to the Bank any other information/particulars
required for the purpose from time to time till the loan is repaid in full.
PART A; PERSONAL DETAILS
Particulars Applicant Co-Applicant
Salutation
(Mr./Mrs./Ms./Other)
First Name
Middle Name
Last Name
Father/Spouse Name
Date of Birth
(DD/MM/YYYY)
Age
Gender (Male/Female/Other)
101) Internal
75"
4:6 .0 IA
Page 28 of 91
vo

rietOd 0 uqi

M-T1
"'ANKI140
 Mobile No
Tel. No
Marital Status
(Married/Unmarried/other)
If Spouse working(Y/N)
If yes, his/her monthly
income (Gross) Rs. &
Net Rs.
No. of Dependent
Category
(SC/ST/OBC/GENERAL)
Nationality
Residential Status
(Resident/NRI/P10)
Qualification
Aadhaar No
CKYC No
PAN No
Driving Licence No
Valid upto
Passport No
Valid upto
Bank Account no.
(SB/CD/Other)
Bank and Branch
Account Since
Present Balance (Rs.)

House/Flat/Apartment
- No./Name
Street Name/Area/Location
Land Mark
City
District
State
Country
Pin Code
Tel. No
Mob. No
Staying since
If the present address is not the permanent address, give details of Permanent address.

ternal
Page 29 of 91
NIT17 It
I c..ed , rnb.1

_,„,„,
—ANKM—
 • ERMANENT ADDRESS:
House/Flat/Apartment
No./Name
Street Name/Area/Location
Land Mark
City
District
State
Country
Pin Code
Tel. No
Mob. No
1 FFICE/BUSINESS ADDRESS:

Name of Org./Employer
House/Flat/Apartment No.
and Name
Street Name/Area/Location
Land Mark
City
District
State
Country
Pin Code
Tel. No
Mob. No

OTHER DETAILS:
House/Flat owned/rented/In the
name of
Occupation
(Service/Business/Self Employed)
Since
If Employed, details of Employment:
Designation
Gross Monthly Salary (Rs.)
Deduction (Rs.)
Net Monthly Salary (Rs.)
Income Tax Payer (Yes/No)
If having business/self-employed, details of the same:
Nature of business/self-employed
activity
Type of Organisation:
Proprietary/partnership
Business Registration/Licence No.
: Intcrnal
4e, r6
. 3.( 4,4:,ki Page 30 of 91
OF
I HEuid
iwrr
oct ( u bal
A.•
164
NICMC2
 Business premises owned/rented/in
the name of
if business/self-employment is in
partnership, please provide details
of names of partners and their
addresses:
Gross Annual Income (Rs.)
Deduction (Rs.)
Net Annual Income (Rs.)
Present Loan Details:
Whether presently a borrower of
Bank/Other Banks/Institutions :
(Yes/No)
If yes, Name & address of the
Bank/institution:
Purpose for which loan is availed
Amount borrowed (Rs.)
Since date
Present outstanding (Rs.)
Repayment due by
Repayment terms:
Monthly/Quarterly/Half-Yearly
instalment Rs.
Details of sources of monthly & annual income:
(As per salary slip/certificate/personal balance sheet/income tax return etc.)

Principle sources(Rs.)
Gross income
Deduction
Net income
Other sources(Rs.)
Gross income
Deduction
Net income

PART B: ASSETS AND LIABILITIES:

Position of Assets &
Liabilities as on
'Details of Assets/Savings(Rs.)
LIC policies
Bank Deposits
Others Deposits
NSC/PPF/IVP/KVP
Shares/Deb. Units

Iniental
Page 31 of 91
FEIT
H44t1
Land/Building/House
Car
Gold & Silver/Jewellery
Other assets
Total Assets
Details of Liabilities/Dues(Rs.)
Dues to bank
Dues to employer
Dues to others
Total Liabilities

Part C: DETAILS ABOUT THE PROPOSED LOAN:

1) Amount of Loan required: Rs.
2) Purpose of the loan :
3) Cost / Expenses to be incurred : Rs.
4) Source of the repayment of the proposed loan :
5) Security proposed to be offered for the said loan :

(Enclose details of expenses made / to be incurred)

J\aisT■t s1
r
Salutation
(Mr./Mrs./Ms./Other)
Surname
Full Name
Father/Spouse name
Date of Birth
(DD/MM/YYYY)
Age
Mobile No
Tel. No
Marital Status
(Married/Unmarried/other)
Category
(SC/ST/OBC/GENERAL)
Nationality
Residential Status
(ResidentJNRI/P10)
Qualification
Aadhaar No
PAN No
Driving Licence No
Valid upto
Passport No
Valid upto
Internal
F Page 32 of 91
wa9' (34r;)
Ho Of rnbal

q1-4,1r,1

litANK114
 Bank Account no.
(SB/CD/Other)
Bank and Branch
Account Since
Present Balance (Rs.)
Occupation
Gross Annual income(Rs.)
Net Annual income(Rs.)
Relationship with First
Applicant
(Please enclose proof of Income of the Guarantor)
PART E: DECLEARATION BY APPLICANTS:

1) I/We declare that the proposed loan is required by us for

and that the loan would be utilised only for the said purpose.
2) The foregoing information provided by me/us is true and correct and provided to the Bank
to enable the Bank to take decision about granting or otherwise of the loan to me/us.
3) I/We undertake that if, based on the information provided by us / my our guarantor/s,
Bank sanctions loan/s to me/us and in case at any point of time hereinafter it transpires
that any information provided / to be provided by me/us/our guarantors is found to be
incorrect/false or that the loan availed of by me/us is not used for the purpose mentioned
above, the bank shall be at liberty to recall the advance forthwith, irrespective of the
contracted terms of the loan and charge me penal/additional interest as deemed fit. I/We
would repay forthwith, the entire loan outstanding then together with interest/penal
additional interest and other charges.
4) I/We undertake to provide further information as Bank may ask from me/us from time to
time.
5) I/We undertake to execute necessary documents for the loan at my costs and to create
adequate security for the loan as desired by the Bank prior to disbursement of the loan.
Yours faithfully,

Signature of the 1st Applicant

Signature of the 2 nd Applicant

ACKNOWLEDGEMENT RECEIPT FOR CUSTOMER:

NAME OF THE APPLICANT:
TYPE OF LOAN: LOAN AMOUNT (In Iakhs)
DATE AND TIME OF RECEIPT
BRANCH NAME: PLACE:

Authorised Signatory
4
TRIM robe.%
Head
Q

/1.
sANO
Classification: Inlet
inc.aal
Page 33 of 91
 ANNEXURE TO APPLICATION FOR RETAIL LOAN
(Details to be filled in by the guarantor)

;El Affil J 4 :I-f.] Ti U 914 fill

Particulars Applicant
Salutation
(Mr./Mrs./Ms./Other)
Surname
Full Name
Father/Spouse name
Date of Birth
(DD/MM/YYTY)
Age
Mobile No
Tel. No
Marital Status
(Married/Unmarried/other)
If Spouse working(Y/N)
If yes, his/her monthly
income (Gross) Rs. &
Net Rs.
No. of Dependent
Category
(SC/ST/OBC/GENERAL)
Nationality
Residential Status
(Resident/NRI/PIO)
Qualification
Aadhaar No
CKYC No
PAN No
Driving Licence No
Valid upto
Passport No
Valid upto
Bank Account no.
(SB/CD/Other)
Bank and Branch
Account Since
Present Balance (Rs.)

t„wa, OF 14,0
42 ,
AUT9
Hoed urnbal

rl t:i
4 aaNrosio-C) Page 34 of 91
 RESENT ADDRESS:
House/Flat/Apartment
No./Name
Street Name/Area/Location
Land Mark
City
District
State
Country
Pin Code
Tel. No
Mob. No
Staying since
If the present address is not the permanent address. give details of Permanent address.

ERMANENT ADDRESS:
House/Flat/Apartment
No./Name
Street Name/Area/Location
Land Mark
City
District
State
Country
Pin Code
Tel. No
Mob. No

• FFICE/BUSINESS ADDRESS:
Name of Org./Employer
House/Flat/Apartment No.
and Name
Street Name/Area/Location
Land Mark
City
District
State
Country
Pin Code
Tel. No
Mob. No

NO)
(MmPbai
Ca rr_

&Aux a4 Page 35 of 91
OTHER DETAILS:
House/Flat owned/rented/in the
name of
Occupation
(Service/Business/Self Employed)
Since
If Employed, details of Employment:
Designation
Gross Monthly Salary (Rs.)
Deduction (Rs.)
Net Monthly Salary (Rs.)
Income Tax Payer (Yes/No)
If having business/self-employed, details of the same:
Nature of business/self-employed
activity
Type of Organisation:
Proprietary/partnership
Business Registration/Licence No.
Business premises owned/rented/in
the name of
If business/self-employment is in
partnership, please provide details
of names of partners and their
addresses:
Gross Annual Income (Rs.)
Deduction (Rs.)
Net Annual Income (Rs.)
Present Loan Details:
Whether presently a borrower of
Bank/Other Banks/Institutions :
(Yes/No)
If yes, Name & address of the
Bank/institution:
Purpose for which loan is availed
Amount borrowed (Rs.)
Since date
Present outstanding (Rs.)
Repayment due by
Repayment terms:
Monthly/Quarterly/Half-Yearly
instalment Rs.
Details of sources of monthly & annual income: (As per sala
slip/certificate/personal balance sheet/income tax return etc.
sources(Rs.)
.,.) k%
en')
Page 36 of 91
Hood 0 ce mbal

ft rt
8 A WASS'
 Gross income
Deduction
Net income
Other sources(Rs.)
Gross income
Deduction
Net income

PART B: ASSETS AND LIABILITIES:

Position of Assets & Liabilities as on
Details of Assets/Savings(Rs.)
LIC policies
Bank Deposits
Others Deposits
NSC/PPF/IVP/INP
Shares/Deb. Units
Land/Building/House
Car
Gold & Silver/Jewellery
Other assets
Total Assets
Details of Liabilitiesaues(Rs.)
Dues to bank
Dues to employer
Dues to others
Total Liabilities

I hereby declare that I am agreeable to stand as guarantor to Mr./Mrs./Ms.

for the loan applied. The foregoing
information provided by me/us is true and correct and provided to the Bank to take decision
about granting or otherwise of the loan to me/us.
I undertake that if, based on the information provided by me, Bank sanctions loan/s to
Mr./Mrs./Nis. and in case at any point
of time hereinafter it transpires that any information provided/to be provided by me is found to
be incorrect/false, the bank shall be at liberty to recall the advance forthwith, irrespective of
the contracted terms of the loan. I would repay forthwith, the entire loan outstanding then
together with interest/penal additional interest and other charges.
I undertake to provide any further information as Bank may ask from me from time to time. I
also undertake to execute necessary documents for guaranteeing the loan.

Yours faithfully,
3#15
OF p, ts
0 P

Inbal
Signature of the Guarantor

Classification: I lite! nal

Page 37 of 91
 aily
Sank el roil.111011
+Sitar torafirps 6eyorii Garakvad.

IN-PRINCIPLE SANCTION LETTER

STAR VEHICLE LOAN
Ref. No. Date:

without prejudice
To,

Dear Sir,

With reference to your enquiry for financial assistance and based on preliminary
information furnished by you, we are in-principal, agreeable to consider sanction of
Vehicle Loan of Rs. lakhs to you on the broad terms and condition
of the bank's Vehicle Loan scheme. The sanction of loan shall be subject to completion
of various formalities/documentation as per Bank's extant guidelines. Formal Sanction
letter upon sanction of the loan, stating the major terms and conditions of the loan
would be issued to you on receipt of all requisite papers/details/clearances to the
satisfaction of the Bank.

Amount of Loan Rs.

Rate of interest °A above RBLR presently % with
monthly rests or time to time decided by bank.
Tenure months
Repayment EMI

2. The in-principal sanction is valid for 7 days from date of this letter for completion of
all pre-sanction formalities, after expiry of which period this in-principal sanction shall
lapse automatically. As the sanction is subject to availability of approved vehicle
dealer, you are requested to contact us, well in time, and furnish the requisite details
and documents in order to complete requisite pre-sanction related formalities within
the stipulated 7 days mentioned above.

3. This in-principal sanction letter is being issued at your specific request and this
should not be treated as sanction of the Loan.

on: Inset-n:0
1, or Page 38 of 91
41^ 0 0/
w4T4
Head
41
4/.
(>.„ Z'g '
`OANKOAC"
 4. This in-principal sanction shall stand automatically eliminated/cancelled in the
event it is seen that any misleading or Incorrect information is provided by you to
Bank.

For Bank of India

Authorised Signatory

I/We are fully aware that the in-principle sanction does not entitle me/us for any claim
on the Bank in the event of the loan, for any reason, not materializing and the final
sanction would be subject to:

1. I/We eligible for finance under the bank's scheme

2. Verification and acceptability of the relevant details/papers/documents
furnished by me/us
3. Evaluation of our/my request from credit angle by the Bank
4. Sanction would be subject to receipt to satisfactory verification of employment
and banker's opinion (status) report.
5. The Bank will have sole discretion to reject/reduce the loan amount or change
the rate of interest without assigning any reason there for.
6. I/We comply with all other terms of sanction of Bank.

ACCEPTED

\*(IF 147 xi*

'et,1

gam •0'

8AM'I(
Classification: lino-nal
Page 39 of 91
 afts III
Basket bids
ligatioruhips beyond banking.
Checklist for Vehicle loan

Name of Applicant: (as per PAN)

Sr. Parameter Documents Remarks (if

No Provided: Y/N any)
1 Application Duly Filled and signed along with recent
photograph
2 ID Proof, Address Proof and present residence proof,
Employee ID
3 For Individuals
A. For Salaried:
• Last 6 months' Salary Slip/Pay Slip/
• Last 2 years ITR & Form l6

B. For Self Employed:

• Last 2 years Income Tax Returns along with CA verified
Computation of Income/Profit & Loss Account/Balance
Sheet/Capital Account Statement
• Business Proof: Ghumasta License/ GST etc.
• Proof of Place of Business
• (In case income is from own company/partnership firm
then full audited IT returns of last 2 years )

C. For Non individuals: Company/Firm :

• KYC of Partners/Directors
• Firm's Audited Financials for last 2 years,
• Account statement for latest 1 yr
• Regd. Partnership Deed/M0A/A0A
• Certificate of incorporation as applicable
• PAN Card copy of Company/Firm
4. Form 26 AS for relative years (Latest 2 years)
5. For any outstanding loan/ liability: Sanction Letter & Loan
Account statement for last 1 year
6. Last 1 year Salary Account Statement
Current Account statement (in case of self-employed/firm)
7. Margin paid statement
8. Vehicle quotation from Authorized Dealer
9. Margin paid receipt
10. Online verification of ITR filling/GSTIN/PAN etc.

C
4sc. *OF fro v.-
fa-co \•''
al)
WO

SP-11,

4 8ANY&.'

Classification: Internal
Page 40 of 91
 B
" ana
l cii;°
i of 41:t4T
India BOI
Review of Vehicle loans
BANK OF INDIA BRANCH ZONE: DATE:
Sr. Name of Loan Purp Ass R Loan Limits Con Security Secur Last Insur CPA CIBIL Other
No the A/c Accoun ose et O duct Docume thf Inspect ante Close Score liabilit
(Last t No Cod of nt recast ion Amou d at the
Sanc/Auth e/ Orig La Prop Pres Ove Ale Valid ered (Date & nt & Date/ time
.) Cre inal st ose ent upto with fincAlgi valid Autho of
dit Limi Sa Limi due (Date as CERS Pi upto rite revie
Rat t nc. t/DL 0/s per Al w
in LI Finacle (Y/N)
mit Date
1 and SI
ID
10 11. 12. 13. 14. 15. 16. 17. 18. 19.

We certify that
a) Loan account is reflecting In CIBIL (YES/NO) -
b) CERSAI Asset & Security Interest ID -
c) Verification of Bank's Hypothecation Charge with VAHAN SEWA (Vehicle Loan)/ROC -
d) In case of mortgaged property, Last valuation report date: , search report date:
e) All the terms of sanction are complied with and the loans have been utilised for the purpose for which they were sanctioned

CHIEF MANAGER ASSIST. GENERAL MANAGER

Head
Page 41 of 91

aik NKA4
 Ire ale
Beak of bee
Bai
ArtatioruAps beyond &PON.
Head Office-Retail Banking Department

Due Diligence format for Vehicle Loans by BOI staff Annexure: I

Due diligence (To be done after receiving the application and before calling the
applicant/guarantor for interview & also before going for inspection):
A. Customer due diligence:
I. Verification of proof of identity/Address through Aadhaar Card /PAN/Passport/Driving
license/Ration card/Employer card: Findings:

Online verification of above done through Website:

Findings:

II. Verification of signature of the applicants through PAN/confirmation from present Banker:

III. Date of CFR report: ; Findings:

IV. Date of CIBIL report: ; Ref No. : Satisfactory/Un-satisfactory;

Findings:

V. Verification of other information, as provided by the applicant through following websites:

The inspecting official should go through the applicable websites, as per Annexure, for
cross verification of information provided by the applicant/guarantor.
Findings:

B. Financial due diligence:

I. Physical Verification of Salary slip/ITRs: Findings:

II. Verification of ITR/Form-16 online (Individuals): Date: ; Findings:

III. Confirmation of salary of applicant-employee, by the drawing officer (in person or by

post):

IV. Verification of Audited balance sheets of last three years (In case of entities other than
individuals: Limited companies and LLP), through MCA portal.

on: Internal

of INoi
Page 42 of 91
4

cot' 1-
vo'
4,
IL a At•14-
 V. Verification of ITRs/Audited balance sheets: In case of Proprietorship firms and
Partnership firms: Online verification of ITRs in the presence of applicant or through
their CA and cross verification of Audited Balance sheets with UDIN.
Findings:

VI. Verification of Net worth certificate issued by CA with CBD 23 and cross verifying with
UDIN:

VII. Verification of statement of account (Salary/Business account) obtained from the

present Banker: Findings:

VIII. Verification of sanction letters of existing liabilities as reflected in consumer and

Commercial CIBIL/CRILC; Statement of account/Salary slip/ITRs etc.: Findings:

C. Residence due diligence:

I. Address of property with landmark:

II. Ownership of property (Whether owned or leased):

III: Address proof verification document provided:

IV. Findings/Comments:

D. Due Diligence of Vehicle details to be purchased:

I. Name of Vehicle Dealer & Outlet details:

2. Details of vehicle to be purchased (Brand/ make of vehicle/ colour /description)

3. Cost of Vehicle to be purchased

4. Genuineness of Vehicle Quotation verified:

5. Verification of RC details in case of second hand vehicle on Vahan

site

Date of report: Signature with PF. Number

(Name of inspecting official)

49
erns!

,Tkosa Page 43 of 91
 I*Ow Bof
pita hdh
*ft:. othvottqf 64yorri thi rtkirig,
Head Office-Retail Banking Department
Pre sanction inspection format for Vehicle Loans
Annexure: II
Name of Inspecting official: Date:
Purpose of Loan:
Source of lead:
I. Application/LMS Number Date:
II. Applicants Name/s: 1.
2.
III. Guarantor/s Name/s: 1.
IV. Date on which references as provided in the application, contacted and information
gathered:

V. Date on which Employer contacted, person contacted with designation and information
gathered:

VI. Date residence visited, impression gathered on standard/style of living, persons contacted
and information gathered:

Image of the location/building: Copy of photograph enclosed

Latitude and Longitude:
VII. Date/Place of Employment/Business visited, persons including those in neighborhood and
business associates /customers contacted & impression and information gathered:

Image of the location/building: Copy of photograph enclosed

Latitude and Longitude:

VIII. Date/Place of dealer visit, person contacted in showroom & impression and information
gathered regarding customer, vehicle to be purchased, genuineness of quotation:

Signature with PF. Number

seam
140mtl c4c

Page 44 of 91
 111. Ow
Seek of India BOI
otelatiorithrps beyond Ogrikins.
Head Office-Retail Banking Department
Post sanction inspection format for Vehicle Loans
Annexure: Ill

Name of Inspecting official: Date:

Purpose of Loan:
Source of lead:
I. Application/LMS Number Date:
II. Applicant/s Name/s: 1.
2.
III. Guarantor/s Name/s: 1.
IV. Loan Amount & Date of Loan sanction:
V.Loan Amount & details of Loan
Disbursement:

VI. Details of vehicle Invoice:

VII. Vehicle Details:

a) Type of Vehicle( 2 wheeler/4 wheeler/electric etc)
b) Make & Model of Vehicle
c) Colour of Vehicle
d) Engine No. of Vehicle confirmed
e) Chasis No. of Vehicle confirmed
f) Registration No.
g) Whether Bank's lien noted with RTO ( Yes/No) :
h) Online verification on Vahan site done ( Yes/No)
i) Whether duplicate key handed over in Bank custody (Yes/No)
j) Whether Bank's charge noted on Insurance policy document, details of Insurance policy
thereof (Yes/No):
• Policy Number:
• Name of Insurer:
• Insurance valid upto:
• Under Comprehensive ( Yes/No) :
k) Whether Photo of the vehicle is enclosed: (Yes/ No)

4.1= Signature with PF. Number

fr
4N** 4
L•—~7
nvo nAgn)6
d " •"

AFT,
i4 BANK

Classification: 1 n ternal
Page 45 of 91
 Annexure- IV
.1:7 . - . •. - . -
Sr. Particulars Guidelines
No.
1 Application Application complete in all respects to be obtained
2 Enclosure to Application I. Recent Passport size photograph of applicant(s) and
Application guarantor(s) of a recent date must be obtained.
The photograph to be signed by the applicant and pasted to
the application
The photograph must be verified and attested by the branch
official in the application form
II. Identity & Address Proof: Vote ID Card, PAN card,
Passport Driving license, Aadhaar Card issued by UIDAI,
MNREGA Card issued by approved Government Official
(Any one is compulsory). If the document submitted for proof
of identity does not contain address details, then another
officially valid document which contains address details to
be submitted.
III. Copy of recent Ration Card/Telephone Bill/Electricity
Bill/Rent Receipt/Gas Bill.
3 Income Proof i. For Salaried Class:
a) Form 16 issued by the Employer
b) Income Tax Return for 2 years

Obtention of Income Tax Return is compulsory, except

where discretion is provided to sanctioning authority in
respect of income upto Rs.2.50 lakhs, which is to be used
with discretion and exercise of due diligence.
ii. For Others : a) Income Tax Return for 2 years
iii. For Firms/Corporate:
a) Income Tax Return
b) Audited Balance Sheet & Profit & Loss
Statement Cases where IT Returns for more than one year
are found to be filed simultaneously to be treated with
extreme caution.
Statement of ➢ To be verified with original.
Account i> While verifying with original it is to be ensured that the
statement of account is the account where regular
salary/business income is credited. Statement of
Dormant Accounts should not be accepted.
r Also, check the statement to ensure that the
statement is not a bogus computer printout.
.- Verify for regular debits for Post Dated Cheques
(PDCs) or ECS(Debit) reflecting other borrowing
commitment of the applicant;
.• Verify for return of PDCs or ECS or Cheques for
unsatisfactory credit history
Verify for return of credit instruments and reason
there fore to be ascertained.

ification. 11114..1.1ml
Page 46 of 91
5 Rating Exercise
6 Due Diligence
i. For Individuals: Format attached (Annexure- IX)
ii. For Firms/Companies: Credit Rating shall be undertaken
as applicable to the firm/company, as per extant
instructions.
I. Pre-Sanction Inspection of the Borrower/s to be
undertaken in all cases
Pre sanction Inspection should be undertaken
independently without the borrower accompanying the
inspecting official. Enquiry should be undertaken with at
least one neighbor or nearby resident and his particulars
and information gathered should be incorporated in the
inspection report (Remarks such as talked to watchman, he
informed that he is a new appointment etc. should not be
incorporated in the Report)

II. Branch must identify the applicant and guarantor properly

ensuring compliance with 'KYC' norms and guidelines.
III. Outside agency (Bank's approved Due Diligence
Agency) can be entrusted to undertake due diligence on the
applicant/guarantor:

However. Due Diligence by outside agency only supplement

the efforts of the branches and branches shall continue to
follow bank's extant guidelines regarding independent
personal interview with the prospective borrower and
independent pre-sanction inspection including compliance
with KYC norms.

Due Diligence format : Annexure - I

Pre Sanction Inspection format : Annexure - II
Post Sanction Inspection format : Annexure - Ill
Dealer to be in approved I. Name of the Dealer/Address should appear in
list Builder/Dealer Master in CAPS/ E-Platform.
II. Quotation for vehicle submitted by the applicants to
Verification of be verified with the dealer;
Quotation Ill. Quotations issued by dealer other than
authorised/approved dealer of vehicle shall not be
entertained.(Ref: BC 108/109 dated 1.09.2014).

Name and address of the Dealer to be verified from Website

of the Manufacturer and they should be contacted on the
Telephone number/contact number apmarinq in the
manufacturers website. Branch should not rely on the
telephone or mobile number appearing on the quotation for
verifying genuineness of dealer OR quotation.

iv. Vehicle Dealers are required to pay Sales Tax &

Registration Fees on every vehicle sold and hence
will have ST/TIN Number which could verified from

Classification: Internal
Page 47 of 91
4.° Np

Hod
AW,c,
BANtW.
 www.tinxsys.com/ or other authentic Government
Sites.
8 Verification with Credit For Individuals:
Information I. Credit Information Report (CIR) from CIBIL ;
Agencies. II. If CIBIL Report is NIL, CIR from one more approved
Credit Information Agencies to be obtained.

For Firms/Companies:
i. Credit Information Report (Commercial CIBIL) to be
generated;
ii. Wherever report is NIL, report on Firms/Companies to be
generated from another Credit Information Company.
Generation of Credit Information Report is compulsory. In
case firms/companies, the report is to be generated for
proprietor/ partner/director also.
Also, please refer to Para.IX of Annexure-I to BC 110/01
dated 01.10.2016 for additional guidelines in this re ard.
9 Search with ROC 1 To be undertaken in respect of Companies through CA/CS
in the approved list of the Bank.
10. Registration of Proprietorship :If they are registered, proof of registration
Proprietorship to be obtained
/Partnership firm Partnership: Proof of Registration with Registrar of Firms to
be obtained in all cases.
11. Registration under Shops & Proof of such registration, wherever such registration of
Establishment Act or other firm/establishment is required to be obtained, as proof of
similar Act existence of the firm.
12. List of approved Zones shall ensure that the list of AdvocatesNaluers/Due
AdvocatesNaluers/ Diligence Agents/CAs/CS shall renewed on annual basis or
Due Diligence Agents/ as periodicity advised in this regard by HO. Branches shall
CAs/CS also ensure that the professionals whose services are
availed continues to be valid at the time of availing their
services.
13. Online Verification of Applicant BorrowerNendor/Supplier /Dealer
/Chartered Accountant (To be undertaken in respect of various documents
submitted) —
Proof of verification to be kept on records
a) PAN Card to be obtained Verify PAN through website: "incometaxindia.00v.in" or
for the individual as well as tin.nsdl.com". Proof of verification to be kept on records.
other entities.
(The fourth character of
the PAN identifies the type
of holder of PAN i.e. P for
Individual ,F for Firm, C for
Company, H for HUF, etc.)
b) IT Paid Challan IT Paid Challan could be verified through
httoslltin.tin.nsdl.com/oltas/index.html" by selecting CIN
Based View.
Proof of verification to be kept on records.

•CE,Ls4114,* menial
.4 ) Page 48 of 91
•:t.

X4
11. Ein140

Verification of IT Returns/
TDS
d) Verification of Voter Id
e) Aadhaar Card
f) Driving License
g) Verification of Chartered
Accountant who had
signed Balance Sheet and
P & L Statement
h) Search on Company
i) Verification of VAT
Number/TI N/CST
Number of Dealers or
Supplier
j) Import Export Code(IEC)
k) Verification of Suit-files
account of Rs.1 Crore &
Suit filed accounts (willful
defaulters) of Rs.25 lacs
I) GSTIN verification
m) Employee provident fund
organization
) List of disqualified
Directors
) ECGC Caution list
Clas. "cation: Internal
E-filing of ITR Return is made mandatory for individuals
whose total income exceeds Rs.5 lakhs from AY 2013-14
onwards and for firms/companies. This verification also
could be undertaken by Outside Due Diligence Agencies,
where charges for IT verification is fixed at Rs.220 per
assessment year per case. Wherever due diligence
agencies are not in operation, services of any bank
approved CA firm to be utilized for verification of IT Returns
at nominal cost.
Besides, applicant tax payer/s registered on IT website
could generate 26 AS Statement as well as IT Returns filed
by logging in to httos://eportal.incometax.00v.in/. This report
if generated in the presence of branch officials could obviate
the requirement of verification of IT Return/s by outside
agency.
Verify from http://electoralsearch.in or other authorized
site.
Verify from https://eaadharuidai.gov.in or
https://uidai.gov.in/auth.html or
https://resident.uidai.gov.in/verify or other authorized sites
https://pa rivahan.gov.in/parivaha n/
Several States have facility for online verification of Driving
License. To be undertaken to establish borrower
credentials.
https://www.icai.org/traceamember.html On input of
membership number and captcha code, the details will be
provided by the site.
http://www.mca. gov.in/
Various search facilities such as search of name of
companv/LLP are available
https://tinxsys.com/TinxsysInternetWeb/searchByTin_Inter.j
sp
https://www.dgft.gov.in/CP/
https://suit.cibil.com/
https://services.gst.gov.in/services/searchtp
https://www.epfindia.gov.in/site_en/index.php
https://www.mca.gov.in/
https://www.ecgcltd.in/ecgcportal/
Page 49 of 91