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HUDA HISSAR SCHEME

PERSONAL BANKING SEGMENT : ADVANCES


FINANCING OF EARNEST MONEY DEPOSIT (EMD)
HARYANA URBAN DEVELOPMENT AUTHORITY (HUDA)
HISSAR SCHEME

We advise that HUDA has floated a Scheme for allotment of 2878 plots in
sector-14 (Part-II) and sector 33 (4 marla to 1 kanal) at Hissar open for
applications from 09.05.2013 to 08.07.2013. Our bank is one of the Bankers to
the issue and authorised for sale and collection of applications as well as
financing of Earnest Money Deposit (EMD) for the Scheme through our
23designated branches including 4 branches of Delhi circle. In terms of their
authorization, allotment letters to successful and the refund amount for
unsuccessful applicants financed by us will be routed through our Controlling
branch viz. sector-10 Panchkula.

2. In this connection, EMD scheme has been approved by the competent
authority. The upfront amount will be as under:-

i. Interest at 0.60% above base rate i.e 10.30% p.a
ii. Processing fee Rs 200/- per application.

Interest will be charged for 6 months and if the scheme is delayed due to any
reason interest beyond 6 months will be recovered from the applicants.
Accordingly, we have drafted our Scheme for financing EMD (placed as
Annexure- B) for launching at Branches.

3. Branches doing EMD financing will be given detailed operating
instructions regarding the above scheme as under:

i) As per terms of the HUDA authorization, we are to route all the
applications financed by us through the Controlling branch i.e Sector 10
Panchkula branch.

ii) Our branches authorized by HUDA for the Scheme are as under:
a) Controlling Branch : Sector 10, Panchkula
b) Collecting Branches : As per Annexure C

iii) All the Collecting Branches will furnish to the Controlling Branch the
following:
a) Data of applications as per HUDA specification will be
advised by Controlling branch shortly by e-mail every week
and on the day succeeding closing date of scheme.
b) Amount collected is required to be remitted through CBS,
separately for collected (non-financed) and financed
applications. Amount in respect of collected applications will
be remitted to Controlling Branch as will be advised by them.
Specific a/c opened for this purpose will be advised by the
Controlling branch.
c) All applications received at the Collecting branches will be
sent to controlling branch (after retaining photocopy) by
special messenger, with in 2 days of closing the Scheme.

iv) Supply of Application Forms: The Controlling Branch will purchase
application forms as per requirement from HUDA and supply the same by
debiting the cost to collecting branches. The other branches interested in
financing will buy the application forms from Collecting Branch at the centre, as
per their requirement. The cost of application forms is to be recovered from the
borrower.

v) Set of Documents: The documents for financing Earnest Money Deposit
(EMD) will be got printed by Circle Stationery Department and supplied through
the Controlling Branch/Circle stationery department.


vi) Back-up Register: Back-up record to be maintained by collecting
branches as per particulars to be furnished to HUDA by the Controlling Branch.

4. Marketing:

i) Collecting branches will market the Scheme by displaying banners,
distributing pamphlets and through Local Cable T.V.

5. Support to the Controlling/Collecting Branches:

i) The controllers will ensure availability of adequate staff support during the
period of the schemes.
ii) MPSTs/ CREs wherever available, will support the Collecting branches
and execute successful implementation of the schemes personally.
iii) Queries regarding the Scheme will be attended to by PBBU and
operational issues will be taken care of by the Controllers/Controlling branch.





PBBU
ANNEXURE B
SCHEME FOR FINANCING EARNEST MONEY DEPOSIT FOR ALLOTMENT OF
HUDA PLOTS HISSAR (09.05.2013 to 08.07.2013)

1 Eligibility All individuals above 18 years of age
2 Purpose Earnest money for booking of residential plots
offered by HUDA
3 Type of facility Demand Loan
4 Loan Amount 100% of Earnest Money Deposit subject to
maximum Rs10.00 lacs (including all previous
EMD outstanding loans).
5 Concessions upto Closure of Scheme presently 08.07.2013
6 Rate of Interest
0.60% above base rate i.e. 10.3000% p.a. *
7 Security 2-PDCs: One for loan amount and other for
interest, in case of delay in draw, for the period
exceeding six months
8 Processing Fee
Rs.200/- *
9 Repayment


- In case of unsuccessful applicants on
receipt of refund from the HUDA
- In case of successful applicants lump sum
repayment of loan, which may also be repaid
from the proceeds of Housing Loan if
availed for purchase of plot allotted/house to
be constructed.
- No penalty for prepayment
10 Disbursement By credit to a special account to be opened in the
name of HUDA,HISSAR
11 Papers - Application
- KYC norms to be complied with
12 Security
Documents

- Arrangement Letter
- D.P. Note and D.P. note Delivery letter
- Under taking to pay interest for the period the
refund is delayed beyond 6 months.
13 Authorized Branches Identified branches as per Annexure C '
14 Margin NIL
15 Branches to report progress at weekly interval to controlling branch
(Sector -10 Panchkula), which in turn will advise it to Personal Banking
Department. at LHO

* Lump sum amount equivalent to six months' interest plus processing fee to be
taken upfront

(Upfront fee table enclosed as per annexure 'D')
ANNEXURE C

HUDA SCHEME AT HISSAR

a) Controlling Branch: Sector 10, Panchkula

b) Other Collecting Branches:


Network I Network-2
New Delhi Circle
1. PBB Sec-17
Chd
1. Ambala City 1. Sonepat
2. Patiala 2. Jind 2.Gurgaon (M.R )
3. Ludhiana 3. Kaithal 3. Faridabad
4. Jalandhar 4.Thanesar(Kurukshetra) 4. PBB New Delhi
5. Fatehabad
6. Hissar
7. Sirsa
8. Rewari
09. G.T.Rd.Panipat

10. Rohtak
11. Bhiwani
12. Karnal
13. Bahadurgarh
14. Yamuna Nagar





Regional managers may permit other branches to do EMD financing as per
potential available, but the applications will be routed by them only through
authorised branches detailed above.
ANNEXURE 'D'

EMD SCHEME FOR HISSAR PLOTS

Sector-14 (PART-II)
CATEGORY EMD Amt.

Inttt. @
10.30.00%
Processing
Charges
Total Amt.
to be
recovered
upfront *
1 Kanal 717800 36967 200 37167
14 Marla 469800 24195 200 24395
10 Marla 319800 16470 200 16670
8 Marla 234900 12097 200 12297
6 Marla 176200 9074 200 9274
4 Marla 117500 6052 200 6252

* Upfront amount includes interest @ 10.30 % p.a for 6 months and
processing fee of Rs 200/- per application.

CATEGORY EMD Amt.

Inttt. @
10.30.00%
Processing
Charges
Total Amt.
to be
recovered
upfront *
1 Kanal 717800 36967 200 37167
14 Marla 469800 24195 200 24395
10 Marla 319800 16470 200 16670
8 Marla 234900 12097 200 12297
6 Marla 176200 9074 200 9274
4 Marla 117500 6052 200 6252