Indian Bank has partnered with Tata Power Solar Systems Ltd (TPSSL) to empower residential consumers by providing them with financial support for solar installations.

Banking & Finance

Indian Bank has partnered with Tata Power Solar Systems Ltd (TPSSL) to empower residential consumers by providing them with financial support for solar installations. Under the alliance, Indian Bank will extend financial assistance to residential consumers under the PM Surya Ghar Muft Bijli Yojana scheme. The scheme offers support for installations up to 3 KW and extends further assistance for installations ranging from 3 to 10 KW under the regular scheme. Residential consumers can avail loans up to ₹2 lakh at an annual interest rate of 7 percent, with a nominal margin money requirement of 10 per cent and collateral-free financing. The repayment tenure is set at 10 years, ensuring convenience and flexibility for consumers. Interest rates ranging from 8.4 percent to 10.8 percent per annum ensure competitive financing options.


     

     

     

 

     


Indian Bank

MD&CEO- Shanti Lal Jain
Tagline- Your own bank
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