Indian Bank slashed the rate of interest on gold loans for farmers

Funds Instructor26 Jul, 2020Finance

Indian Bank has drop down its rate of interest on gold loans offered to farmers to 7%. The name of this gold loan scheme is �Bumper Agri Jewel� which is for the short term. Before the current updated rate of interest, the previous interest rate on the product was 7.5%. A release said that this reduction has been done due to the present pandemic situation and also to provide easy credit to the needy farmers at a low cost.