Bank of India to observe settlement day

| | Bhopal
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Bank of India to observe settlement day

Wednesday, 10 July 2024 | Staff Reporter | Bhopal

Bank of India is conducting Settlement Days at all its branches, zonal and FGMOs across the country to settle NPA loan accounts of borrowers under One Time Settlement (OTS).

The Settlement Day is specially organised for those NPA borrowers who could not repay their loan on time due to distress in the borrower's business/medical condition or any other genuine reason. The Bank has special OTS schemes for settlement of small value accounts and medium sized accounts.

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