Loan to be recovered only after the death of both the spouses and no loan repayment during the lifetime of borrower.
Settlement of loan, along with accumulated interest, to be met by the proceeds received out of sale of residential property and any surplus to be paid to heirs. The loan will, as such, become due for recovery and payable six months after death of the last surviving spouse. However the legal heirs/legatee of the deceased borrowers will be given first option to settle the loan, alongwith the accumulated interest, without sale of the property.
Origin of PNB
Subsidiaries & JVs
Fair Practices Code
Savings Fund Account
Fixed Deposit Schemes
Capital Gain Account Scheme-1988
Doorstep Banking Services
Deceased claim cases
Centralised Banking Solution
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