Annexure -A Contents of H.O. Circular No. RBD/UELS/9/OM-0186/11-12 dated 2nd July, 2011

Sub : United Superb Education Loan Scheme The costs of study associated with the premier institutions in the country are on an unprecedented rise. Different Institutions fix up course fees taking into consideration the related cost of programme (course specific), placement record and the emoluments received by the students. To stay in tune with the requirements of a rapidly transforming education system and to cater the needs of the students of the premier institutes of higher learning where the track record of employability and earning potential of passed out students are very high, our Bank has decided to introduce a new scheme under the title of ‘United Superb Education Loan’. The details of the said scheme are as follows: Name of the Scheme United Superb Education Loan Scheme Purpose To Pursue studies in India in IITs, IIMs and other Premier

Intuitions Quatum of Loan Maximum loan limit upto Rs. 20 lakhs Rate of Interest Floating:

For IITs, IIMs & ISB students: (a) BR + 0.50% (10.50%); during the course period & BR+1.00% (11.00%) after repayment holiday (course period + 1 year or 6 months after getting job, whichever is earlier) For others : b) BR + 2.00% (12.00%)

Concession for Female students

0.50% p.a. in rate interest.

Interest Concession No concession in interest will be given, even if interest is serviced during the moratorium period.

Margin Up to Rs. 4 lac – Nil Above Rs. 4 lac – 5%.

Security Upto Rs. 8 lac – No security Above Rs. 8 lac to Rs. 15 lac – Third party guarantee Above Rs. 15 lac to Rs. 20 lac – Tangible collaterals for loan amount In addition (a) Co-obligation of the Parents/guardians and (b) assignment of future income shall be stipulated in all cases. In case of married students, for loan above Rs. 4 lac, spouse if any, to made guarantor even if he / she is unemployed/housewife.

Repayment Period Up to 7 years

Repayment Holiday Course period + 1 year or 6 months after securing employment, whichever is earlier

Delivery Channel Loan from Designated Branch (wherever the Bank will decide)/ Branch nearest to the place of residence. Before sanction the designated Branch at the camp will get in touch with Branch nearest to place of residence to ascertain distance from Branch (30 kms) to ensure subsequent follow up of loans. If it is beyond 30 kms, loan should not be sanctioned. Such loan account shall be transferred to branch nearer to the place of residence of co-borrower (after completion of course) to maintain tracking of student and to ensure follow up.

Life Insurance coverage

Coverage of student life shall be mandatory. Additional loan component may be extended for payment of premium.

Other features All other existing features & norms of United Education Loan Scheme will remain applicable for United Superb Education Loan Scheme.

Selection of Institutes (Courses): The list of premier institutes approved under erstwhile United Excell Education loan scheme would stand valid for ‘United Superb Education Loan Scheme’. However, from time to time list will be updated and circulated to all Regions. Tracking & follow up : One of the major issues faced at the operational level is the student’s permanent address/place of domicile, which may not be near to our branch. For operational convenience (delivery, tracking, monitoring and control) following would be applicable:

01. Disbursement of loan should be effected at the branch nearest to the Institute / camp or from the Branch nearest to the permanent residence / domicile place of the student.

02. In case disbursement is proposed / preferred by the student from the branch nearest to Institute, the said branch will communicate with the branch nearest to place of residence, over phone and e-mail, to assess the operational convenience of the that branch to monitor and track the borrower in the event the account is transferred to that end. In case of large distance (more than 30 km) between branch and student permanent residence, the tracking, monitoring and recovery will be a problem therefore based on the feedback of the Branch close to

domicile, the prudent decision to extend loan by disbursing branch in concurrence with the concerned Regional Office is to be taken.

03. Branch Managers will exercise D.P. in terms of delegated financial powers. However, the proposal beyond the limit of the DP of the Branch Manager / hub in-charge shall be forwarded to the Regional Authority duly recommended for sanction.

04. The student should provide his PAN No. or/and his/her parents / guardian / guarantor PAN No. or permanent address proof over and above other certificates confirming his/her identity proof, residential address (with e-mail address, Residential Phone No. Mobile Phone No. and Date of Birth) & other particulars. Every year student will submit a declaration confirming his/her permanent address and parents’ employment status/addresses along with documentary proof, in case of any change in contact details.

05. Copy of passport is to be taken and kept on record. In case not available, same should be produced before disbursement of 2nd year fee.

06. Branch will collect details of employer/campus placement record of student and keep track with the employer/borrower.

Regions/Branches/field functionaries should undertake massive campaign to publicize United Superb Education Loan scheme and approach institutes to put up camps in order to market the scheme for sizable growth in the portfolio.

TOP 25 BUSINESS SCHOOLS FOR SUPERB EDUCATION LOAN SCHEME (Annexure-B) S.No NAME OF COLLEGES LOCATION

1. Indian Institute of Management, (IIM A) Ahmedabad

2. Indian Institute of Management, (IIM C) Calcutta

3. Indian Institute of Management, (IIM B) Bangalore

4. Indian Institute of Management (IIMI) Indore

5. Indian Institute of Management (IIMK), Kozhikode

6. Indian Institute of Management (IIML) Lucknow

7. Department of Management Studies, IIT (Delhi) Delhi

8. Indian Institute Of Foreign Trade New Delhi

9. Xavier Labour Relations Institute (XLRI) Jamshedpur

10. Rajiv Gandhi Institute Of Management Shillong

11. Indian School of Business (ISB) Hyderabad

12. Vinod Gupta School of Management(VGSOM)-IIT Kharagpur Kharagpur

13. Jamnalal Bajaj Institute of Management Studies (JBIMS)- (for 2 year full time MBA)

Mumbai

14. S.P. Jain Institute of Management and Research (SPJIMR)- (for 2 year full time MBA)

Mumbai

15. Tata Institute of Social Sciences Mumbai

16. Management Development Institute (MDI) Gurgaon

17. Narsee Monjee Institute of Management Studies (NMIMS) -(for 2 year full time MBA)

Mumbai

18. T.A. Pai Management Institute – (for 2 year full time PGDM) Manipal

19. Symbiosis Institute of Business Management Pune

20. Shailesh J Mehta School Of Management Mumbai

21. Institute of Management Technology (IMT) – (for 2 year full time PGDM)

Ghaziabad

22. Faculty Of Management Studies, BHU Varanasi

23. Xavier Institute of Management Bhubaneshwar

24. Prin. L.N Welingkar Institute of Management Mumbai

25. Mudra Institute of Communications (MICA) - (for Post Graduate Diploma in Management - Communications (PGDM-C) only)

Ahmedabad

TOP 50 ENGINEERING INSTITUTES FOR SUPERB EDUCATION LOAN SCHEME (Annex-B) 1 IIT Kanpur Kanpur 2 IIT Kharagpur Kharagpur 3 IIT Bombay Mumbai 4 IIT Madras Chennai 5 IIT Delhi Delhi 6 BITS Pilani Pilani 7 IIT Roorkee Roorkee 8 IT-BHU Varanasi 9 IIT Guwahati Guwahati

10 College of Engg, Anna University Guindy 11 Jadavpur University, Faculty of Engg & Tech Calcutta 12 Indian School of Mines Dhanbad 13 NIT Warangal 14 BIT, Mesra Ranchi 15 NIT Trichy 16 Delhi College of Engineering New Delhi 17 Punjab Engineering College Chandigarh 18 NIT Suratkal 19 Motilal Nehru National Inst. of Technology Allahabad 20 Thapar Inst of Engineering & Technology Patiala 21 Bengal Eng and Science University, Shibpur Howrah 22 Maulana Azad National Institute of Technology Bhopal 23 PSG College of Technology Coimbatore 24 NIT Raipur 25 Harcourt Butler Technological Institute Kanpur 26 Malviya National Institute of Technology Jaipur 27 Visvesvaraya National Institute of Technology Nagpur 28 NIT Kozhikode 29 Dhirubhai Ambani IICT Gandhinagar 30 Osmania Univ. College of Engineering Hyderabad 31 College of Engineering, Andhra University Vishakhapatnam32 Netaji Subhas Institute of Technology New Delhi 33 NIT Kurukshetra 34 NIT Rourkela 35 SVNIT Surat 36 Govt. College of Engineering Pune 37 Manipal Institute of Technology Manipal 38 JNTU Hyderabad 39 R.V. College of Engineering Bangalore 40 NIT Jamshedpur 41 NIT Jalandhar 42 Veermata Jijabai Technological Institute Mumbai 43 Vellore Institute of Technology Vellore

44 Coimbatore Institute of Technology Coimbatore 45 NIT Hamirpur 46 IIIT Allahabad 47 NIT Patna 48 NIT Durgapur Durgapur 49 College of Engineering Trivandrum 50 Mumbai University Inst of Chemical Tech Mumbai

TOP 25 MEDICAL COLLEGES Annexure -B SI. NO NAME OF COLLEGES LOCATION

1 AIIMS Delhi 2 Armed Forces Medical College Pune 3 Christian Medical College Vellore 4 JIPMER Pondicherry 5 Kasturba Medical College Manipal 6 Lady Harding Medical College Delhi 7 Maulana Azad Medical College Delhi 8 Grant Medical College Mumbai 9 St. John’s Medical College Bangalore

10 Madras Medical College Chennai 11 Stanley Medical College Chennai 12 King George Medical University Lucknow 13 B.J. Medical College Ahmedabad 14 Christian Medical college Ludhiana 15 Institute of Medical Sciences, BHU Varanasi 16 Seth G.S. Medical College Mumbai 17 Bangalore Medical College Bangalore 18 University College of Medical sciences Delhi 19 Sri Ramachandra Medical College & Research Institute Chennai 20 Lokmanya Tilak Municipal Medical College Mumbai 21 M.S. Ramaiah Medical college Bangalore 22 Medical College & Hospital Kolkata 23 Topiwala National Medical College Mumbai 24 Government Medical College Chandigarh 25 Jawaharlal Nehru Medical College Aligarh

Annexure-C Contents of H.O. Circular No. RBD/UEL/ 26 /OM-0381 /11-12 dtd 20th Sept.11 Sub: Revised Guidelines for United Educational Loan Scheme Ref: 1) HO Circular No. CPPMI/ADV/RCD/EL/101/OM-158/2001 dated 09.07.01 2) HO Circular No. RBD/25/OM-396/2004 dated 09.11.04 3) HO Circular No. RBD/UEL/1/OM-11/07-08 dated 01.04.08 The Bank introduced a Model Educational Loan Scheme in the year 2001 which was revised in the year 2004 and again in 2008 in terms of guidelines of IBA and directives received from RBI for extension of financial assistance to deserving / meritorious students to help pursue higher education in India and Abroad. The model Education Loan Scheme is developed by the Indian Banks’ Association to help meritorious students pursue higher education in technical and professional courses. As the focus is on development of human capital, repayment of the loan is expected to come from future earnings of the student after completion of education. Hence the assessment of the loan will be based on employability and earning potential of the student upon completion of the course and not the parental income/family wealth. The Bank received IBA communication on modification of Model Education Loan Scheme for pursuing higher Education in India and Abroad for implementation. The revised scheme of IBA addresses the concerns of bankers and attempts to remove the operational difficulties faced by the branches. The salient features are

(a) Merit as the sole criteria for eligibility. (b) Admission under management quota kept outside the scope of the

scheme. (c) The quantum of loan to be justified by the employment potential and (d) Extension of repayment period to reduce burden on the beneficiaries.

The details of the modified scheme, in supersession of all previous Circulars, is provided in Annexure – I. Children / Wards of the Bank employees are eligible to avail of this facility. The modifications in the scheme will come into force with immediate effect. The existing loan accounts under the said scheme will, however, continue under the policy guidelines of the scheme in which the loan was sanctioned. All concerned are advised to carefully go through the revised scheme and act accordingly.

Annexure - I

Details of revised guideline of United Educational Loan Scheme It aims at providing need-based finance to meritorious student for taking up higher education. 1. Objectives of the scheme : The word “meritorious” is a relative term. The following parameters are to be decided before considering proposal under United Educational Loan Scheme.

(a) If the student has obtained admission to an eligible course through a merit based selection process, he/she could be considered a meritorious student.

(b) Where the admission is purely based on the marks scored in qualifying examinations, the bank has fixed a cut-off marks ( 70% marks in XII standard examination) for loan eligibility.

(c) Management seats or management quota refers to the seats in private education institutions for which the management has discretion to give admission on factors other than merit. Usually for the management seats the only requirement would be passing of the qualifying examination with certain minimum stipulated marks. It is logical to interpret that these seats do not qualify for being called “meritorious”. Hence any loan considered for students getting admission under management quota would outside the present model scheme of Education Loan of the Bank.

2. Student Eligibility : For the purpose of this scheme higher education is defined as studies taken up after completion of higher secondary school i.e. Ten plus two stage. The Bank will decide financing the students depending on employability and consequent ability to repay the loan. It needs to be mentioned that under Central Sector Interest Subsidy Scheme the subsidy is available only for loans given for Professional and Technical courses (after 12th standard) in India for this Educational Loan Scheme. i) Should be an Indian National. ii) Secured admission to professional/technical course in India or Abroad through Entrance Test/Merit based Selection process. iii) Employability of the course and reputation of the institution. 3.Courses Eligible:

(A) For Study in India: i) Approved courses leading to Graduate / Post Graduate degree and PG diplomas conducted by recognized college/ universities recognized by UGC/ Govt. / AICTE/ AIBMS/ ICMR etc. ii) Courses like ICWA, CA, CFA, etc. iii) Courses conducted by IIMs, IITs, IISC, XLRI, NIFT,NID etc. iv) Regular Degree/ Diploma courses like Aeronautical, pilot training, shipping etc., approved by Director General of Civil Aviation/ Shipping, if the course is pursued in India. v) Approved courses offered in India by reputed foreign Universities. vi) Other job oriented courses leading to technical/ professional degrees, post graduate degrees/ diplomas offered by recognized institutions may also be appraised by the Bank depending on future prospects/recognition by user institution. Note: Vocational Training and skill development study courses will not be covered under the scheme as this scheme is framed to provide bank loans for higher education. While processing Educational Loans of students for Higher Education in India, the common difficulties faced by the Branches are like accreditation status of professional courses like MBA, Engg. etc., information about fake Colleges / Universities etc. In this regard, a list of statutory bodies / professional councils like University Grant commission (UGC), All India Council for Technical Education (AICTE), Medical Council of India (MCI) etc. giving all relevant information is given under. For ready reference of the University, Institute etc. the Branch/ R.O. is advised to visit website as under :

i) University Grants Commission: www.ugc.ac.in, The site consists, inter alia, a section on Higher Education which has information about the statutory professional councils, List of recognized Universities & Colleges in India, Fake Universities Alert etc.

ii) List of Statutory Councils : Professional Councils are responsible for recognition of courses, promotion of professional institutions and providing grants to undergraduate programs and various awards.

a) All India Council for Technical Education (AICTE) : www.aicte.org.in,

www.aicte-india.org, www.aicte.ernet.in b) Medical Council of India (MCI): www.mciindia.org c) National Council for Teacher Education (NCTE): www.ncte-in.org d) Dentists Council of India (DCI): www.dciindia.org e) Pharmacy Council of India (PCI): www.pci.nic.in

f) Indian Nursing Council(INC): www.mohfw.nic.in g) Council of Architecture :www.coa-india.org h) National Informatic Centre : www.education.nic.in, i) Association of India Universities : www.aiuweb.org j) Others including Foreign Institutes: www.wikipedia.org,

(B) For Study Abroad i) Graduation: For job- oriented professional/technical courses offered by reputed Universities. ii) Post Graduation: MCA, MBA, MS, etc. iii) Courses conducted by CIMA- London, CPA in USA etc. iv) Degree/ diploma courses like aeronautical, pilot training, shipping etc. provided these are recognized by competent regulatory bodies in India/ aboard for the purpose of employment in India / abroad. For ready reference the Branch/ R.O. is advised to visit website : www.webometrics.info A list of various official websites related to three countries viz. Australia, United Kingdom, United States of America is given herein below The websites will provide comprehensive and up to date information about their education system and addresses and all relevant issues pertaining to foreign students wanting to study in their country. For countries other than these, the Branches/ R.O.s are requested to visit the respective Govt. / Embassies Websites (e.g. Do a Google Search) for getting the information. I. AUSTRALIA : a) Australian Embassy in India – www.ausgovindia.com b) Official site Australian Educational Opportunities – www.studyinaustralia.gov.au II. UNITED KINGDOM: a) British High Commission in India – www.ukindia.org b) British Council’s site – www.britishcouncil.gov c) Official site Study opportunities in UK - www.educationuk.org d) Official site of Quality Assurance Agency – www.qaa.ac.uk III. UNITED STATES OF AMERICA: a) U.S. Embassy in India – www.newdelhi.usembassy.gov b) Official site educational opportunities in U.S. – www.educationusa.state.gov

c) Council for Higher Education Accredition (CHEA) – www.chea.org 4. Expenses to be considered for loan : i) Fees payable to College/Hostel (Reasonable lodging and boarding charges. ii) Examination/Library/Laboratory Fee. iii) Travel Expenses/Passage Money for studies abroad. iv) Insurance premium for student borrower, if applicable. v) Caution Deposit, Building Fund/Refundable Deposit supported by Institution Bills/Receipts subject to condition that the amount does not exceed 10% of total tuition fees of the entire course. vi) Purchase of Books/Equipments/Instruments/Uniforms.*** vii)Purchase of Computer at reasonable cost, if required for completion of the course.*** viii)Any other expenses required to complete the course like study tours, project work, thesis, etc.*** *** It is likely that expenditure under Item Nos. vi, vii & viii above may not be available in the schedule of fees and charges prescribed by the college authorities. Therefore, a realistic assessment may be made of the requirement under these heads. However, the maximum expenses included under vi, vii & viii may be capped at 20% of the total tuition fees payable for completion of the course. 5.Quantum of loan: Need based finance to meet the expenses worked out as per para 4 above will be considered taking into account margins as per para 6 subject to the following ceilings : a. Studies in India : Maximum upto Rs. 10 lacs b. Studies Abroad : Maximum upto Rs. 20 lacs The ceilings fixed for studies in India and Abroad correspond to the limits fixed by the RBI for treatment as priority sector lending. 6.Margin : a) Upto Rs.4.00 lacs : NIL b) Above Rs.4.00 lacs : i) Inland Studies : 5% ii) Studies Abroad :15% Note: Scholarship/assistantship to be included in margin. Margin may be brought in on year-to-year basis as and when disbursements are made on a pro-rata basis. 7.Security : a) Up to Rs.4 lac : No security ( only Co-obligation of parents)

b) Above Rs.4 lac and upto Rs.7.5 lac : Co-obligation of parents together with collateral security in the form of a suitable third party guarantee. The branch may at its discretion in exceptional cases waive third party guarantee if satisfied with the net-worth/means of parent who would be executing the documents as joint borrower. c) Above Rs.7.5 lac : Co-obligation of parents together with tangible collateral security of suitable value, along with the assignment of future income of the student for payment of installments. Note :- i) The document should be executed by both the student and the parent/guardian as joint-borrower. ii) Assignment of future income of the students for repayment of loan instalments to be ensured in all cases. iii) The security can be in the form of land / building / Govt. securities /Public sector Bonds/units of UTI,NSC,KVP,LIC policy gold, shares/mutual fund units/ debentures, bank deposit in the name of student / parent/guardian or any other third party or any other tangible security acceptable to the bank with suitable margin. iv) Wherever the land/building is already mortgaged, the unencumbered portion can be taken as security on second charge basis provided it covers the required loan amount. v) In case the loan is given for purchase of computer the same to be hypothecated to the Bank. 8.Interest on loan : (floating rate linked with Bank’s BR) a. Upto Rs.4.00 lac : BR + 2.00% = 12.60% p.a.(at present) b. Above Rs.4.00lac : BR + 2.75% = 13.35% p.a.(at present)

Concession for Girl Student: 0.50% p.a. from card rate. (The interest shall be debited monthly on simple basis during the repayment holiday/moratorium period and thereafter on compounding basis) The rate of interest is subject to revision with change in Bank’s BR and as per H.O/ RBI directive from time to time. Note : (i) 1% interest concession may be allowed to loanee(s) upto moratorium period only if the interest is serviced monthly and regularly during the moratorium period. In case interest is not serviced during study period and moratorium period till commencement of repayment, accrued interest will be added to the principal amount borrowed while fixing EMI for repayment.

(ii) Penal interest @2% to be charged for overdue amount and overdue period irrespective of any loan amount. 9.Insurance : Life insurance coverage is provided to education loan borrowers during the tenure of the loan against payment of one time premium under ‘United Shiksha Suraksa’. The scheme provides security not only to the customers’ life (including co-borrower) but also against their loan liability. The premium is to be realized from the borrower in cash or by debiting his/her SB A/c or C/D A/c maintained with the Branch. It may also be debited to his/her loan account as an additional loan component (to be included in project cost) to be sanctioned by the concerned sanctioning authority of the original loan against his/her written request. The insurable limit will be equivalent to the sum total of loan amount and the projected interest for the moratorium period. The detailed guidelines in this regard have been provided vide H.O. Circular No. BANCASSU/C-2/OM-419/2006-07 dated 28.10.2006. The premium chart is modified time to time to suit the requirement of the borrowers. 10. Appraisal: In the normal course, while appraising the loan, the prospects of future income of the student will be looked into. Applications will be received directly at the Branch and process the proposal. However, the Bank has introduced a system of submission of on-line application. The applicant student shall be guided to visit Bank’s website at www.unitedbankof india.com and to go to the link on-line education loan. From Head Office, upon receipt of application, standard acknowledgement is issued. The disposal of application is ensured within 48 hours. The In-principle sanction of loan is accorded to the student with a copy to the concerned Branch and the respective Regional Office. The proposal shall finally be sanctioned by the Branch adhering to the laid down norms. In case the applicant experiences any problem or inordinate delay from the Branch, the matter shall be referred to Head Office through the same mode. Normally, sanction/rejection shall be communicated within 15 days of receipt of duly completed application with supporting documents. Rejection of application shall be done with the concurrence of the Regional Office and be conveyed to the student stating reason for rejection. 11.Sanctioning Authority:

Normally loan application will be accepted by the Branch nearest to the residence of parents. The Manager of the Branch will consider proposal on its own merit and sanction the same under the existing Discretionary Power delegated by the Bank to them according to their respective scale of pay as per HO Circular No. CPPMI/ADV/378/OM-0916/10-11 dated 18.03.2011 and as per revised guidelines from HO from time to time. However, the proposal beyond the limit of the Discretionary Power of the Branch Manager shall be forwarded to the Regional Authority duly recommended for sanction. 12.Disbursement :

1. The loan is to be disbursed in stages as per requirement /demand directly to the Institutions/Hostel authority/Vendors of books /equipments/instruments to the extent possible.

2. No application for educational loan received should be rejected without the concurrence of the next higher authority.

13.Repayment of loan : The sanctioning authority may fix up repayment of the loan in equated monthly instalments as under: For loans upto Rs. 7.5 lakhs -not exceeding 10 years; For loans above Rs. 7.5 lakhs -not exceeding 15 years; If, however, the loan size is small (less than Rs. 4 lakhs) and student’s income is sufficient enough to service EMI, the repayment period may be fixed up within a period upto 7 years in consultation with the borrowers. The repayment will commence after a moratorium/repayment holiday, which is course period plus 1 year, or 6 months after getting job whichever is earlier. Note: (i) The accrued interest during repayment holiday period is to be added to the principal and repayment in EMI fixed. (ii) If the student is not able to complete the Course within the scheduled time, extension of time for completion of Course may be permitted for a maximum period of 2 years. (iii) If the student is not able to complete the Course for reasons beyond his control, sanctioning authority may at his discretion consider such extension as may be deemed necessary to complete the Course.

(iv) In cases the student discontinues the course midway, appropriate repayment schedule is to be worked out in consultation with the student/parent. (v) No prepayment penalty will be levied for prepayment of loan any time during the repayment period. 14.Documentation: The document should be executed by both the student and the parent/guardian. An irrevocable letter of authority is to be obtained from the borrower – student authorising his parents / guardian and co-loanee to acknowledge balance confirmation by the parents/guardian and such acknowledgment will be considered as acknowledgment signed by him also. 15. Processing Charges:

a) For study in India: Nil b) For studies abroad: 0.20% of the loan amount to be levied at the time of

processing for sanction and will be refunded if the loan is availed by the student. In case of partial availment of loan, refund of processing fees on pro-rata basis will be made.

16.Capability Certificate: Capability Certificate can also be issued for students going abroad for higher studies. For this financial and other supporting documents may be obtained from applicant, if required. (Some of the Foreign Universities require the students to submit a certificate from their bankers about the sponsors' solvency / financial capability, with a view to ensuring that the sponsors of the students going abroad for higher studies are capable of meeting the expenses till completion of studies). 17.Forex Facility For Students: Students going abroad for studies are treated as Non-Resident Indians (NRIs) and are eligible for all the facilities available to NRIs under FEMA. In addition, they can receive remittances up to US $1.00 lac per calender year from their close relatives from India on self-declaration towards maintenance, which could include towards their studies. 18. Relaxation of Norms: If any relaxation in terms like eligibility, margin, security norms is required to be considered in any individual case of exceptional meritorious student, the same

may be referred to Head Office with specific recommendation of concerned Regional Head for approval. 19. Other Conditions:

a) Meritorious Students: Branches willing to support highly & exceptionally meritorious/deserving students without security may refer the proposal to Head Office with specific recommendation of concerned Regional Manager.

b) Multiple Loans in a family: In case of receipt of application for more than one loan for student-borrower from a family, it is to be noted that the limit is not for family wise but individual wise. That means, any number of applicants belonging to the same family may be sanctioned loans upto Rs. 4 lakh individually without insisting for any security. Existence of an earlier education loan to the brother(s) and/or sister(s) will not affect the eligibility of another meritorious student from the same family obtaining education loan as per this scheme from the bank.

c) Minimum Age: No specific restriction with regard to age of the student to be eligible for education loan. No loan application & loan documents are to be signed by the minor student. The parent/guardian will sign and execute the documents in two capacities i.e. for self as co-obligant and also on behalf of the minor student. On attaining majority the student will execute the Deed of Ratification in respect of all agreements and documents executed by the parent/guardian on his/ her behalf.

d) Change of address: In case of student staying with parent and where such parents have transferable job or there is any change of address, the student-borrower has to intimate the same to the financing branch as and when changes occurred. In this regard an undertaking is to be obtained from the parent/guardian jointly with student stating the reason for change of address from time to time.

e) Top up Loans: i) The bank can consider extension of moratorium period on merit and

case to case basis but repayment period must not exceed the period of 10 years or 15 years, as the case may be, from the date of sanction of 1st loan but the total loan under both the courses shall be well within the overall ceiling of loan for study in India or Abroad.

ii) In case where the interest is serviced during the currency of the loan, no processing charges shall be realized for allowing top up loan for higher studies in abroad.

iii) Two separate loan accounts are to be opened with the prevailing rate of interest on the date of sanction by issuing fresh sanction letter for 2nd loan and separate documents have to be obtained for 2nd loan.

iv) After the clubbing both the loan limits together, requirement of security is to be ascertained as per security norms of the scheme. (i.e.,

No security is required to be taken for a loan limit upto Rs 4 lac after taking into account the sum of two loans availed)

v) Sanctioning authority to the top up loan shall be the concerned Regional Head and concerned Branch Head shall recommend the proposal to their RO for consideration on merit.

vi) 2nd loan shall be considered on merit and case to case basis keeping in view academic background, performance in the existing course, scope of future employment / earning capacity to repay the entire loan, etc

vii) The borrower must service the interest during moratorium period (existing loan as well as extended). In case where interest is not serviced, total accumulated interest in the form of balance in excess of sanctioned limit shall be got serviced before exercising such extension.

viii) The sanctioning authority shall also ascertain that the borrower has the capacity to service interest monthly and regularly and shall ensure that the further study is of good standard as per course specified in education loan scheme.

ix) Life insurance cover for the entire amount of loan under United Shiksha Suraksha Scheme is mandatory.

x) The repayment of the loan will commence after the completion of the second course and further moratorium period, as provided under the scheme.

f)Co-obligator: The co-obligator should normally be parent(s) / guardian of the student borrower. In case of married person, co-obligator can be either spouse or the parents / parents-in-law. g)Branches will contact College/ University authorities to send the progress report at regular intervals in respect of students who have availed loans. In case of studies abroad, bank shall obtain SSN/Unique Identification Number (UIN) viz, Passport No., etc and a copy of Identity card issued by the College / University and note the same in the bank’s record. The UID number issued by UIDIA may also be captured in bank’s system as and when available. h)No dues certificate need not be insisted upon as a pre-condition to consider Educational Loan. However, Bank shall obtain a declaration/an affidavit confirming that no loans have been availed from other banks, the parents/guardian are also not defaulting with any bank. i)The student financed under the Scheme should not take up any employment during the period of the Course, except with the permission of the Institution/ bank. In such case the student-borrower start repayment at least 20-30% of emoluments.

j)The student should strive to secure suitable employment after the Course is completed. As soon as he secures employment, he should furnish the Bank with full particulars of such employment including income therefrom. The parent/guardian must give an undertaking that he/she/they will inform the Bank about such employment within 15 days of getting job. k)The student shall follow all the rules and regulations laid down by the Institutions where he will prosecute studies and shall maintain such dignity and honour, as is expected of an student pursuing higher education. l)The student must produce permission of the Foreign University accepting the student for enrollment or letter of admission from the Foreign University. m) As per present RBI directive, outward remittance upto US $1.00 lac per resident Indian per annum may be allowed freely on the basis of simple declaration (which is subject to changes). However, the non- AD branches should contact their respective link B category AD Branch for the purpose of remittance. n) The loan to the students will be granted by way of Term Loan.

20. Disposal of Loan Applications: Loan applications have to be disposed of within a period of 15 days to 1 month, but not exceeding the time norms stipulated for disposing of loan applications under priority sector lending. 21.Accounting Procedure:

a) A head already opened in the General Ledger in the style of “United Educational Loan” will continue to be maintained

b) During the Repayment holiday/ Moratorium period the interest be charged monthly on simple basis to the debit of loan account and corresponding credit to P/L account. Thereafter the interest to be charged on compounding basis on monthly rest. EMI will be fixed covering the amount of principal together with total interest already charged during the moratorium period.

c) For opening of A/c, the Branches are to go to Finacle Start Screen and to Finacle Help Menu and then to Advance, Procedure for opening A/c, LAA and opening of Loan consecutively.

d) CBS Help Desk (Press 333 in IP Phone) is ready to extend any sort of assistance in this regard.

22.Tracking of Student: In order to track the student after leaving the educational institution the following steps should be taken.

a) Disbursement of Educational Loan should be effected at the bank branch where the student has permanent residence/domicile (command area - 10 kms radius of .the Branch; in exceptional cases concerned Regional Head will accord necessary permission on merit and case to case basis)

b) The student should provide either his/her PAN No. or his/her parents’ PAN No or permanent address proof over and above other certificates confirming residential address and other particulars.

c) Parents/guardians should be made co-obligant. d) In case of existing accounts under tie-up arrangement, loans are to be

transferred to nearest branch of the place of domicile. e) Arrangement should be made with the institution to furnish the name of

the recruiting authority at the time of campus recruitment compulsorily. 23.Other operational guidelines : The student borrower with whom the Bank officials would be dealing would be young boys/girls. They therefore need special sympathetic treatment and care at the hand of our officials. The operating staff should bear in mind that the loans under the Scheme would be given to the future intellectuals of the country with a social objective and not on commercial consideration. All other usual conditions and formalities are to be followed as per rules/directives/guidelines of Reserve Bank of India /IBA /HO as amended from time to time. Scrutiny of A/c on month end basis has to be undertaken by the Branch officials to ascertain whether moratorium period (course period plus 12 months or 6 months after getting job, whichever is earlier) is over. As per terms of sanction, the interest accumulated till the end of moratorium shall be compounded with the principal amount without fail otherwise the Bank will incur revenue loss. Effective monitoring of account through timely issuance of reminder, visits to the residence/ parent, field follow up (including writing to the employer) has to be meticulously undertaken so that a single account is not slipped into NPA. If the borrower is gainfully employed and found to be a willful defaulter the Branch will initiate appropriate recovery measure in terms of Recovery Policy of the Bank. The terms and conditions affecting the interest of the customers should be clearly spelt out in the Sanction Letter so as to avoid confusion in future and / or invitation of complaint from the customers /Banking Ombudsman.

Frequently Asked Questions

The field level functionaries often raise some questions. In order to satisfy them the following FAQs with Answers are provided.

Q1. What criteria should be adopted to recognize courses like Nursing, Teacher Training, B.ED for the purpose of grant of education loan and the fees to be considered for such courses ? Ans. Teacher Training/Nursing/B.Ed courses will be eligible for education loan provided the training institutions are approved either by the Central Government or by State Government and such courses should lead to Degree or Diploma course and not to Certification courses. The revised Model Educational Loan Scheme (2011) covers only merit channel seats for these courses.

Banks have been considering study loans to students getting admissions to above mentioned courses under management quota as part of model education loan scheme in the past subject to the condition that the fee considered for assessment of loan was the fee stipulated by the regulatory authority concerned for merit seats in the respective college/institutions. The revised model scheme recognizes only merit based admissions. Q2. Can we consider request for education loan in respect of Nursing Colleges having provisional approval/recognition?

Ans. The Indian Nursing Council gives permission to Nursing colleges to start new courses for a period of 1 year which is renewed on a yearly basis. The practice of renewing the permission is done on a year-to-year basis for both the existing nursing colleges as well as the new nursing colleges. Bank could consider applications from student borrowers seeking education loan for pursuing courses in these institutions which are having provisional approval/recognition.

Q3. How to deal with requests for sanction of collateral free loans to more than one student from the same family? Is the collateral free limit of Rs. 4.0 lakh for a student or for a family as whole for the purpose of the scheme.

Ans. Repayment of the education loan is based on the future earning potential of the student. Going by the spirit of the scheme, limit of Rs. 4.0 lakh collateral free loan is student specific and not family specific. There is no restriction on giving a second or third collateral free loan to other siblings when one of the siblings has already taken a collateral free loan.

Q.4 How to consider request from students who have to stay outside the college campus due to non availability of hostel accommodation? Ans. Bank could consider reasonable lodging and boarding expenses, for the purpose of fixing loan limit under the scheme, in case the student is not in a position to get allotment for hostel accommodation within the campus and is required to stay outside the campus in private accommodation. Q5. Whether the repayment period could be extended at the request of the borrower?

Ans. Extension of moratorium period or repayment beyond the time specified at the sanction would amount to restructuring of the loan and will be governed by the RBI guidelines on restructuring of advances. However, in case the student takes up higher studies immediately upon completion of the course, the commencement of repayment would get shifted to 6 months from the employment or one year from completion of the course whichever is earlier without treating the change as restructuring. This would be so irrespective of whether the student had taken fresh/top up loan for higher studies or not.

Q6. Whether request received for sanction of loan to meet partial cost of studying abroad can be considered?

Ans. It is not uncommon for students to take up part- time jobs as permitted by the institutions where they are studying to part fund their education. So they will not be taking loan for meeting entire cost of studies (usually amount mentioned in I-20). Bank may sanction loan for meeting part cost as requested by students in such cases.

Q7. Can the bank consider request for loan received from NRIs?

Ans. Requests received from NRIs can be considered if student is Indian passport holder and they meet other eligibility requirements. However, it would be necessary to accept as security any collateral which is enforceable in India.

Q.8. How the student will know whether the application for the loan has been considered or rejected by the bank ? Ans. The bank should communicate to the student about the sanction of the loan in writing. Similarly, whenever loan applications of student borrowers are rejected, bank should invariably record the reasons for rejection by the bank.

Q.9. Whether the means of the joint borrower has any relation to the sanctioning of the loan to the student borrower ? Ans. Education loan is not sanctioned based on the means of joint borrower who is usually a parent or guardian. For loans up to Rs.4.00 lakhs, no collateral is taken. For loans above Rs.4.0 lakhs and upto Rs.7.5 lakhs, the means of the joint borrower will not a factor if acceptable third party guarantee is offered. Also, security offered for loans above Rs.7.5 lakhs need not necessarily be belonging to the joint borrower. Q.10. How to consider license courses like Aircraft Maintenance Engineering/Pre Sea training which are neither degree nor diploma, though such courses are approved by authorities like DGCA without affiliating to any university for award of degree ? Ans. The Aircraft Maintenance Engineering / Pre Sea training courses must be either a Degree Course recognized by a competent University or Diploma Course recognized by appropriate State Body to be eligible for loan. The employability of the students and employment potential of the courses selected has to be considered while appraising the loan application. Q.11. Whether vocational/skill development study courses, off-campus courses and on-site / partnership programmes are eligible for education loan under the IBA Model Educational Loan Scheme ? Ans. Vocational / skill development study courses, off-campus courses and onsite/partnership programmes are not eligible for loan under the IBA scheme. Q.12.What are the eligibility requirements in respect of Diploma / PG Diploma course for financing under studies abroad ?

Ans. Only degree / post graduation diploma courses pursued abroad are eligible for sanction of loan under the IBA scheme. Q.13.How to deal with cases where the joint borrower becomes defaulter after sanction of education loan ? Ans. The student loan will not be affected by any change in asset classification of any separate bank borrowing of the joint borrower. N.B. The command area/ jurisdiction of a branch will be in an area covered by the radius of 10 k.m. from the branch. However, in exceptional cases, Branches may sanction retail loans beyond their command area with prior permission of the concerned RO with related mention in the processing note along with logic for such sanction. It is further clarified that loan application will be accepted by the Branch nearest to the permanent residence of parents with all supporting documents for address.

Annexure-D TOP TIER ENGINEERING COLLEGES

SI. No NAME OF COLLEGES LOCATION Andhra Pradesh

1 AU College of Engineering Visakhapatnam 2 JNTU, Kakinada East Godavari 3 CBIT Hyderabad 4 SVU College of Engineering Tirupati 5 Vasavi College of Engineeing Rangareddy 6 Sri Nidhi Institute of Science and Technology, Ghatkesar Rangareddy 7 Gayatri Vidyaparshit College of Engineerig, Madhuravada Visakhapatnam

8 MVSR Engineering College, Nadhargul Visakhapatnam 9 VNR Vignan Jyothi Institute of Engineering and Technology Rangareddy

10 RVR and JC College of Engineering, Chodavaram Guntur 11 Gokaraju Rangaraju Institute Engineering & Technology, Miyapur Rangareddy 12 Sri Vidyanikethan Engineering College Tirupati 13 VR Siddartha Engineering College Vijayawada 14 Saagi Ramakrishna Raju Engineeing College (SRKR), Bhimavaram West Godavari 15 Mahathma Gandhi Institute of Technology, Gandipet Rangareddy

16 Anil Neerukonda Institute of Technology & Science, Bhimili Visakhapatnam 17 G.Naryanamma Institute of Technology & Science, Rayadurga Hyderabad 18 G.Pullareddy Engineering College Kurnool 19 Kakatiya Institute of Technology & Science, Hasanparti Warangal 20 CVR College of Engineering, Ibraheempatnam Rangareddy 21 The ICFAI Institute of Science & Technology Hyderabad

Chattisgarh 1 Bhilai Institute of Tech. Bhilai House, Durg Raipur 2 Chhatrapati Shivaji Institute of Technology, Shivaji Nagar Durg 3 Chouksey Engineering College Bilaspur 4 Govt. Engg. College Builaspur 5 Govt. Engg. College Jagdalpur 6 Govt. Engg. College Raipur 7 Institute of Technology, Guru Ghasidas University Bilaspur 8 Kirodimal Institute of Technology Raigarh 9 MP Chrisitian College of Engineering & Tech. Durg

10 Raipur Institute of Technology Raipur 11 Rungta College of Engg. & Technology Bhilai 12 Shri Shankaracharya College of Engineering & Technology Bhilai

New Delhi

1 Amity School of Engg. & Technology New Delhi 2 Bharti Vidyapeeth College of Engineering Paschim Vihar 3 Delhi College of Engg., Badli Kasmeri Gate

4 Ambedkar Institute of Technology, Dept. of Training & Tech. Education Shakarpur 5 Engineering College for Women, G.B. Pant Polytechnic Campus Okhla 6 Faculty of Engg. & Technology, Jamia Millia Islamia New Delhi

7 Guru Premsukh College of Engg. G.T. Karnal Road

8 Guru Teg Bahadur Institute of Technology Vasant Vihar 9 HMR Institute of Technology & Management Hamidpur

10 Maharaja Agrasen Inst. of Technology Sultanpuri 11 Maharaja Surajmal Institute Janakpuri 12 National Power Training Institute Badarpur 13 Netaji Subhash Institute of Technology Dwarka 14 Northern India Engineering College Shastri Park

Goa 1 Goa College of Engineering, Farmagudi North Goa

2 Agnel Charities (Agnel Seva Sangh) Padre Conceicao College of Engineering

Verna Vill Salcette

3 Shri Rayeshwar Institute of Engg. & Information Technology Hill Top Karai Shiroda

Gujrat 1 Atmiya Institute of Technology & Science Rajkot 2 Charotar Institute of Technology Anand 3 Dharamsingh Desai Institute of Technology Kheda 4 Government Engg. College Modasa 5 Govt. Engg. College Gandhi Nagar 6 Govt. Engg. College Kutch 7 LD College of Engineering Navrangpura Ahmeda-bad 8 MS Univ. of Baroda, Faculty of Technology & Engg. Baroda 9 Nirma Institute of Technology Ahmedabad

10 Sankalchand Patel College of Engg. Visnagar 11 Sardar Vallabhbhai Patel Institute of Technology Anand 12 Sarvajanik College of Dr. R.K. Desai Marg Surat 13 Shantilal Shah Engg. College, Bhavnagar Univ. Campus Bhavnagar 14 Shri S’Ad Vidya Mandal’s Institute of Technology Bharuch

15 UV Patel Engg. College Ganpat Vidyanagar

16 Parul Institute of Engg. & Technology, Vashodiya Vadodara Haryana

1 Al-Falah School of Engg. & Tech. Faridabad 2 Anupama College of Engineering Gurgaon 3 Ambala College of Engineering and Applied Research. Ambala 4 Apeejay Engineering College of Engineering Sohana 5 BM Inst. of Engg. & Technology Sonepat 6 BRCM College of Engg. & Technology Bahal Bhiwani 7 BS Anagpuria Institute of Technology & Management Faridabad 8 College of Agricultural Engg. & Tech. Hissar 9 Department of Instru. Tech. Kurukshatra University Kurukshatra

10 Doon Valley Instt. of Engg. & Tech. Karnala 11 Guru Jambeshwar University Inst. of Engg. & Tech. Hissar 12 Haryana Engineering College, Old Chachroli Road Jagadhari 13 Institute of Tech. & Management Gurgaon 14 Lingaya’s Institute of Management & Technology Faridabad 15 YMCA Institute of Engg. Faridabad 16 Rajiv Gandhi Institute of Technology & Management Gurgaon 17 Seth Jai Parkaksh Mukand Lal Inst. of Engg. & Tech. Yamuna Nagar

Jharkhand 1 Bihar Institute of Tech. Dhanbad 2 Bokaro Instiute of Technology Bokaro 3 Cambridge Institute of Technology Ranchi 4 Regional Institute of Technology Jamshedpur 5 Alice Institute of Technology Ranchi

Jammu & Kashmir

1 Govt. College of Engg. & Tech. Cannal Road, Jammu Tawi 2 National Institute of Technology, Hajrat Bal, Srinagar 3 Model Institute of Engg. Tech. Jammu 4 SSM College of Engineering Baramulla 5 MBS College of Engg. & Tech. Jammu

Karnataka 1 PES College of Engg. Mandya 2 PES Institute of Technology Bangalore 3 PA College of Engg. Mangalore 4 SDM College of Engg. & Technology Dharwad 5 SCT Institute of Technology Bangalore 6 Siddaganga Institute of Technology Tumkur 7 Sri Siddhartha Institute of Technology Tumkur

8 Sri Venkateshwara College of Engg. Bangalore North 9 Vemana Institute of Technology Bangalore

10 Vidya Vardhaka College of Engg. Mysore 11 KNS Institute of Technology Bangalore 12 KLE Society’s College of Engineering Udyambag 13 Kristu Jayanti College of Management & Technology Bangalore 14 Bangalore Institute of Technology Bangalore 15 Malnad College of Engineering Hassan 16 Maratha Mandal’s Engg. College Belgaum 17 MS Ramaiah Institute of Technology Bangalore 18 JSS Academy of Technical Education Bangalore 19 East West Institute of Technology Bangalore 20 Ghousia College of Engg. Bangalore 21 Don Bosco Institute of Technology Bangalore 22 Bahubali College of Engg. Gommatanagar 23 Bangalore College of Engg. Bangalore 24 BMS Institute of Technology & Management Bangalore 25 Canara Engg. College Benjanapadavu 26 CMR Institute of Technology Bangalore 27 BNM Institute of Technology Bangalore 28 AMC Engg. College Bangalore

Manipur 1 Government College of Technology Imphal

Meghalaya

1 Shillong Engg. & Management College Shillong Mizoram

1 Mizoram Engineering College Maunual Madhya Pradesh

1 Gyan Ganga Institute of Technology Jabalpur 2 Bansal Institute of Science & Technology Bhopal 3 Vindhya Institute of Technology & Science Amoudha 4 Ujjain Engg. College, Sanwer Road Ujjain 5 Sri Satya Sai Institute of Science & Tech. Sehore 6 Rishiraj Institute of Technology Indore 7 Bhopal Engg. College Bhopal 8 Bhopal Institute of Technology & Science Bangrasia 9 Samrat Ashok Tech. Institution Vidisha

10 Govt. Engineering College Rewa 11 Shri G.S. Inst. of Tech. & Science Indore 12 Shri Ram Institute of Technology Jabalapur

13 Guru Ramdas Khalsa Instt. of Science & Technology Jabalpur 14 Govt. Engineering College, Rewa 15 Mandsaur Institute of Technology Mansaur 16 Oriental Instt. of Sc. & Tech. Bhopal 17 Jabalpur Engg. College Jabalpur 18 Jawaharlal Institute of Technology Khargone 19 Laxminarayan College of Tech. Bhopal 20 Madhav Instt. of Tech. & Science Gwalior 21 Institute of Engg. Jiwaji University Gwalior 22 Institute of Engg. & Technology Indore 23 All Saints College of Technology Bhopal 24 Bansal College of Engg. Mandideep 25 Govt. Engineering College Jabalpur 26 Gwalior Engg College Gwalior 27 Hitkarni College of Engg. Tech. Jabalpur 28 Indira Gandhi Engg. College Baheria

Maharashtra

1 Bharatiya Vidya Bhavan’s Sardar Patel College of Engg. Munshi Nagar 2 Don Basco Institute of Technology Mumbai 3 Army Institute of Technology Pune 4 Dr. D.Y. Patil Coll. of Engg. Pimpri 5 Govt. Coll. of Engg. Aurangabad

6 Govt. Coll. of Engg. Karad Vidhyanagar

7 Govt. Coll. of Engg. Chandrapur 8 Govt. Coll. of Engg. Amaravati 9 Govt. College of Engg. Jalgaon

10 Maharashtra Institute of Technology Aurangabad 11 Dhole Patil College of Engineereing Pune 12 Shri Ramdeo Baba Kamla Nehru Engg. Coll. Nagpur 13 Sardar Patel College of Engineering Mumbai 14 College of Engineering Pune 15 Agrawal Institute of Management & Technology Nashik 16 Bharatratan Indira Gandhi College of Engineering Solapur 17 Vishwakarama Instt. of Information Technology Pune

Orissa 1 Trident Academy of Technology Bhubaeswar 2 Krupajala Engineering College Bhubaeswar 3 NMIET Bhubaeswar

4 Eastern Academy of Science and Technology Bhubaeswar 5 National Institute of Science and Technology(NIST) Berhampur 6 Majhighariani Institute of Tech. & Science (MITS) Bhujabal 7 National Institute of Science & Tech. Berhampur 8 Orissa Engg. College Bhubaneswar 9 Orissa School of Mining Engg. Keonjhar

10 Silicon Institute of Tech. Bhubaneswar 11 Institute of Tech. Edu. & Research Khandagiri 12 C.V. Raman College of Engg. Bhubaneswar 13 College of Engg. & Tech. Orissa University of Agriculture & Tech Bhubaneswar 14 College of Engg. Bhubaneswar 15 Dhaneshwar Rath Instt. of Engg. & Mgt. Studies Cuttack 16 Gandhi Institute of Engg. & Tech. Gunupur 17 University College of Engg. Sambalpur 18 Gandhi Engineering College Bhubaneswar 19 Gandhi Institute of Technological Advancement Bhubaneswar 20 Kalinga Institute of Industrial Technology Bhubaneswar

Himachal Pradesh 1 Institute of Engineering & Emerging Technology (HPU) Solan 2 Jaypee Instt of Information Tech Solan 3 University Institute of Information Technology (HPU) Shimla

Punjab 1 IIT, Ropar Rupnagar 3 Thapar University Patiala 4 Guru Nanak Dev Engg. College Ludhiana 5 Chitkara Institute of Engg & Tech Chandigarh 6 Chandigarh College of Engineering and Technology Chandigarh

Rajasthan 1 IIT, Jodhpur Jodhpur 2 LNMIIT Jaipur 3 Mody Institute of Tech & Science Lakshmangarh 4 Jaipur National University Jaipur 5 SPS University Udaipur 6 Engineering College, Bikaner Bikaner 7 Jai Narayan Vyas University(Fac of Engg) Prev: MBM Engg Jodhpur 8 Poornima College of Engineering Jaipur 9 Swami Keshvanand Inst. of Tech Ramnagaria

10 Jodhpur Institute of Engg.& Tech Luni 11 Banasthali Vidyapith Banasthali

12 Jaipur National University Jagatpura Tripura

1 ICFAI University Tripura 2 NIT, Agartala Agartala

Uttarakhand 1 College of Technology Pantnagar 2 Uttaranchal Institute of Technology Dehradun 3 Doon College of Engineering & Technology Dehradun 4 Amrapali Institute of Technology and Science Nainital 5 Birla Institute of Applied Sciences Nainital 6 College of Engineering Roorkee 7 Faculty of Engg & Tech,GKV Haridwar 8 Dehradun Institute of Technology Dehradun

Assam

1 Tezpur University Tezpur 2 NIT, Silchar Silchar 3 Jorhat Engineering College Dibrugarh 4 Assam Engineering College, Guwahati University Guwahati

Kerala 1 NIT, Calicut Calicut 2 Govt. Engineering Colleges Trivandrum 3 Model Engineering College Cochin 4 TKM College of Engineering Kollam 5 Govt. Engineering Colleges Trichur

6 MAC Kothamangalam 7 Govt. College of Engineering Kannur 8 RIT, Govt. Engineering College Kottayam 9 NSS Palakkad

Pondicherry 1 NIT Puducherry 2 Rajiv Gandhi College of Engineering & Technology Ponicherry 3 Bharathiyar College of Engineering and Technology Karaikal 4 Dr SJS Paul Memorial College of Engineering and Technology Pondicherry 5 Government of Puducherry - CENTAC Pondicherry 6 Manakula Vinayagar Institute of Technology Pondicherry

7 Pandit Jawaharlal Nehru College of Agriculture and Research Institute Karaikal 8 Perunthalaivar Kamarajar Institute of Engineering and Technology Karaikal 9 Pondicherry University - Faculty of Engineering Pondicherry

10 Regency Institute of Technology Yanam 11 Sri Ganesh College of Engineering and Technology Pondicherry 12 St Johns Post Graduate Institute of Information Technology Pondicherry 13 Christ College of Engineering and Technology Pondicherry 14 Pondicherry Engineering College Pondicherry

Goa 1 Institute of Shipbuilding Technology South Goa 2 National Institute of Technology - Goa South Goa 3 Padre Conceicao College Of Engineering South Goa 4 Shri Rayeshwar Institute of Engineering and Information Technology South Goa

5 Agnel Charities(Agnel Seva Sangh) Padre Conceicao College Of Engineering South Goa

6 Shri Rayeshwar Institute Of Engineering & Information Technology South Goa 7 Goa College of Engineering South Goa

Tamil Nadu 1 NIT, Tiruchirapalli Tiruchirapalli 2 IIIT D&M Kancheepuram 3 Avinashilingam Institute of Home Science & Higher Education Coimabtore 4 St. Joseph’s College of Engg. Chennai 5 K. S. Rangasamy College of Tech. Namakkal 6 Kalasalingam Academy of Research and Higher Education Srivilliputhur 7 M.G.R. Educational and Research Institute Chennai 8 Periyar Maniammai Institute of Science & Technology (PMIST) Vallam 9 Ponnaiyah Ramajayam Institute of Science & Technology (PRIST) Thanjavur

10 Sathyabama Institute of Science and Technology Chennai 11 St. Peter's Institute of Higher Education and Research Chennai 12 Shanmugha Arts, Science & Technology Thanjavur 13 Kalasalingam University Virudhnagar 14 SCSVM Kancheepuram 15 College of Engg, Anna University Chennai 16 Thiagarajar College of Engg Madurai 17 PSG College of Technology Coimbatore 18 Amrita College of Engineering Coimbatore 19 SRM Valliammai Engg College Kattankulathur 20 Easwari Engineering College Chennai 21 B.S.A Crescent Engg College Chennai 22 Panimalar Engineering College Thiruvallur 23 Sairam Engg College, Chennai Chennai 24 Bannari Amman Institute of Tech Erode

25 Dr. Mahalingam College of Engineering and Technology Coimbatore 26 Kongu Engineering College Erode 27 Rajalakshmi Engg Coll, Chennai Kancheepuram 28 Sri Venkateswara College of Engg Chennai 29 K. C. G. College of Technology Chennai 30 Government College of Engg. Salem 31 Mepco Schlenk Engg. College Virudhunagar 32 33

Sikkim 1 NIT South Sikkim 2 Advanced Technology nical Training Centre East Sikkim 3 Centre for Computers and Communication Technology South Sikkim 4 Manipal Institute of Technology East Sikkim 5 Sikkim Manipal Institute Of Technology East Sikkim 6 Sikkim Manipal University - Faculty of Engineering East Sikkim

West Bengal 1 Asansol Engineering College Asansol 2 B. P Poddar Institute of Engineering & Technology Kolkata 3 Bengal College of Engineering & Technology Durgapur 4 Birbhum Institute of Engineering & Technology Birbhum 5 Calcutta Institute of Technology Kolkata 6 College Of Engg. & Management Kolaghat 7 Dr BC Roy Engineering College Durgapur 8 Durgapur Inst of Advanced Tech & Mngt Durgapur 9 Government College of Engineering & Textile Technology Murshidabad

10 Government College of Engineering Ceramic Technology Kolkata 11 Haldia Institute Of Technology Haldia 12 Heritage Institute of Technology Kolkata 13 Institute of Engineering & Management Kolkata 14 Jalpaiguri Government Engineering College Jalpaiguri 15 JIS College of Engineering Kalyani 16 Mallabhum Inst Of Technology Bankura 17 MCKV Institute of Engineering, Liluah Howrah 18 Megnad Saha Instt. Of Technology Kolkata 19 Murshidabad College of Engineering & Technology Murshidabad 20 RCC Institute of Information Technology, Beliaghata Kolkata 21 Regional Engineering College Durgapur 22 Saroj Mohan Institute Of Technology Guptipara

23 Siliguri Institute of Technology Sukhana 24 St Thomas' College of Engineering & Technology,Alipore Kolkata 25 Techno India Kolkata 26 University Institute of Technology Burdwan 27 University of Kalyani Kalyani 28 Future Institute of Engineering & Management Kolkata 29 Greater Kolkata College of Engineering & Management Kolkata 30 Narula Institute of Technology Kolkata 31 Gurunanak Institute of Technology Kolkata

TOP TIER BUSINESS SCHOOL SI. No NAME OF COLLEGES LOCATION 1 Goa Institute of Management Goa 2 Department of Management Studies, University of Madras Chennai 3 Indian Institute of Social Welfare and Business Management Kolkata 4 Vignana Jyothi Institute of Management Secunderabad 5 Graduate School of Business and Administration Noida

6 Prestige Institute of Management and Research Indore 7 ITUC School of Management Hyderabad 8 Institute of Productivity and Management Ghaziabad 9 School of Management Pondicherry

10 Institute of Management Development & Research Pune 11 Jaipuria Institute of Management Lucknow 12 BPHE's Institute of Management Studies, Career Devt & Research Ahmednagar 13 M.S. Patel Institute of Management Studies Baroda 14 Department of Business Administration, VIT Business School Vellore 15 BK School of Business of Management Ahmedabad 16 Institute of Management in Kerala Thiruvananthapuram 17 School of Communication & Management Studies Cochin 18 Punjab School of Management Studies, Punjabi University Patiala 19 Department of Business Administration Guwahati 20 SDM Institute for Management Development Mysore 21 Pt. Jawaharlal Nehru Institute of Business Management Ujjain 22 Badruka College Hyderabad

23 G.H. Patel PG Institute of Business Management, Vallabh Vidya Nagar Gujarat

24 Institute of Management Studies, Devi Ahilya University Indore 25 University Business School Chandigarh 26 IIAM Vizag 27 Army Institute of Management Kolkata 28 R.A. Podar Institute of Management Jaipur 29 SMIS, Sri Venkateswara University Tirupati 30 Sri Sringeri Sharada Institute of Management New Delhi 31 Christ University Institute of Management Bangalore 32 Vaikunth Mehta National Institute of Cooperative Management Pune 33 Institute of Public Enterprise (IPE) Hyderabad 34 Bharathidasan Institute of Management Tiruchirapalli 35 Institute of Technology and Science(for PGDM) Ghaziabad 36 University Department of Management Sciences Pune 37 ICFAI Business School Hyderabad 38 IILM New Delhi 39 School of Management Studies Hyderabad 40 Bharathiar School of Management and Entrepreneurship Development Coimbatore

41 ITM Mumbai 42 Amity Business School Noida 43 Shiva Shivani Institute of Management Hyderabad 44 Kousali Institute of Management Studies Dharwad 45 Sri Siddhartha Institute of Management Studies Tumkur

46 Rajagiri School of Management Kerala 47 Abdul Qadir Jeelani Centre for PG Studies Vishakapatnam 48 Institute of Finance and International Management Bangalore 49 AV College Hyderabad 50 Vasantrao Patil Institute of Management Studies and Research, Miraj 51 Institute of Productivity and Management, Meerut 52 KLS Institute of Management Education and Research, Belgaum 53 Mt. Carmel Institute of Management, Bangalore 54 Amrita Institute of Management Coimbatore 55 EMPI New Delhi 56 Assam Institute of Management Guwahati 57 Xavier's Institute of Social Service Ranchi 58 Sinhgad Institute of Management Pune 59 Institute of Science and Management Pudang, Ranchi 60 Balaji Institute Of Modern Management Pune 61 Pendekanti Institute of Management Hyderabad 62 Ambedkar Institute of Management Studies Visakhapatnam 63 Department of Management Studies IIT Roorkee 64 Bharati Vidyapeeth's Institute of Management Mumbai 65 Amjad Ali Khan College of Business Administration Hyderabad 66 Dr. Gaur Hari Singhania Institute of Management Kanpur 67 Department of Management,Babasaheb Ambedkar Marathwada University Aurangabad

68 N.L. Dalmia Institute of Management Studies and Research Mumbai 69 Jagan Institute of Management Studies Delhi 70 Indian Institute Of Rural Management Jaipur 71 New Delhi Institute Of Management New Delhi 72 Birla Institute of Management Technology New Delhi 73 Institute of Productivity & Management Ghaziabad 74 Institute for Technology & Management Chennai 75 Institute for Technology & Management Bangalore 76 Institute of Management Studies Noida 77 Aravali Institute of management Jodhpur 78 Institute of Technology & Science Ghaziabad 79 Fore School Of Management New Delhi 80 Bharatiya Vidya Bhavan Kolkata 81 Globsyn Business School Kolkata 82 Institute of Engineering & Management Kolkata 83 Heritage Institute of Technology Kolkata 84 Centre for Management Studies-JIS College of Engineering Kolkata 85 Future Business School Kolkata 86 Institute of Management & Information Science Bhubaneswar

87 Department of Business Administration Bhavnagar 88 Xavier Institute of Management & Entrepreneurship Bangalore 89 Department of Business Administration Aligarh 90 Great Lakes Institute of Management Chennai 91 University Business School, Punjab University Chandigarh 92 Indira Institute of Management Pune 93 KIIT School of Management Bhubaneswar 94 Indian School of Mines University Dhanbad 95 Institute of Business Management & Technology Bangalore 96 National Institute of Technology, Warangal (NIT-W) Warangal 97 Xavier Institute of Social Services Ranchi 98 Motilal Nehru National Institute of Technology Allahabad 99 NIILM Centre of Management Studies Delhi 100 Department of Management Studies, REC Tiruchirapalli 101 Dept. of Business Management, Osmania University Hyderabad 102 National Institute of Agriculture Extension Management Hyderabad 103 PSG Institute of Mannagement Coimbatore 104 Maulana Azad National Institute of Technology Bhopal 105 Indian Institute of Information Technology Allahabad 106 Jawaharlal Nehru Technological University Hyderabad 107 BLS Institute of Management New Delhi 108 Sri Siddhartha Institute of Management Studies Tumkur

110 School of Business Management, Sri Venkateswara University Tirupati 111 Christ College Institute of Management Bangalore 113 Institute of Management in Kerala Thiruvananthapuram 114 National Institute of Industrial Engineering Mumbai 115 University of Business School Chandigarh 116 Sydenham Institute of Mgmt Studies & Research Mumbai 117 Lal Bahadur Shastri Institute of Management New Delhi 118 Institute of Rural Management Anand 119 Regional College of Management Bhubaneswar 120 Loyala Institute of Business Administration Chennai 121 Symbiosis Institute of International Business Pune 122 Institute for Financial Management & Research Chennai 123 Asia Pacific Institute of Management New Delhi 124 Dept. Of Management Science, Pune University Pune 125 Rourkela Institute of Management Studies Rourkela 126 Indian Institute of Health Management & Research Jaipur 127 Master School of Management Meerut 128 Symbiosis Centre for Management & HRD Pune 129 Institute of Business Administration & Training Bhubaneswar

130 Bharathidasan Institute of Management (BIM) Tiruchirapalli 131 Alliance Business Academy Bangalore 132 K J Somaiya Institute of Management Mumbai 133 Nirma Institute of Management Ahmedabad 134 Tata Institute Of Social Sciences Mumbai 135 Eastern Institute for Integrated Learning and Management Kolkata

TOP TIER MEDICAL COLLEGES

SI. NO NAME OF COLLEGES LOCATION Andhra Pradesh

1 Andhra Medical College Vishakapattanam 2 Bhaskar Medical College Yenkapally 4 Deccan College of Medical Sciences Hyderabad 5 Gandhi Medical College Hyderabad 6 Government Medical College Anantapur 7 GSL Medical College Rajahmundry 8 Guntur Medical College Hyderabad 9 Kakatiya Medical College Warrangal

10 Kamineni Institute of Medical Sciences Narketpally 11 Katuri Medical College Guntur 12 Konaseema Institute of Medical Sciences & Research Foundation Amalapuram

13 Kurnool Medical College Kurnool 14 Maharajah's Institute of Medical Sciences Vizianagaram 15 Mamata Medical College Khammam 16 Medicity Institute Of Medical Sciences Hyderabad 17 MNR Medical College Sangareddy 18 Narayana Medical College Sasaram 19 NRI Medical College Guntur 20 Osmania Medical College Hyderabad 21 P E S Institute Of Medical Sciences and Research Kuppam 22 P.S.I. Medical College Chinoutpalli 23 Prathima Institute Of Medical Sciences Karimnagar 24 Rangaraya Medical College Kakinada 25 S V Medical College Tirupati 26 S V S Medical College Yenugonda 27 Sadan Institute of Medical Sciences

28 Research Centre and Teaching Hospital Hyderabad 29 Siddhartha Medical College Vijayawada

30 Vardhman Medical College/Chalmeda Anand Rao Instt. Of Med. Sciences

Karimnagar

Assam 1 Silchar Medical College Silchar 2 Assam Medial College Dibrugarh 3 Guwahati Medical College Guwahati

Bihar 1 Katihar Medical College Katihar 2 Mata Gujri Memorial Medical College Kishanganj 3 Shri Krishna Medical College Muzaffarpur 4 Darbhanga Medical College Laheriasarai 5 A N Magadh Medical College Gaya 6 Nalanda Medical College Patna 7 Patna Medical College Patna 8 Jawaharlal Nehru Medical College Belgaum

Chandigarh 1 Government Medical College Chandigarh

Delhi 1 Faculty of Medical Sciences Delhi 2 Maulana Azad Medical College & GB Pant Hospital New Delhi

3 Vardhman Mahavir Medical College & Safdarjung Hospital

South Delhi Goa

1 Goa Medical College Goa Gujarat

1 Government Medical College Bhavnagar 2 Kesarsal Medical College & Research Institute Gujarat 3 SBKS Medical Instt. & Research Centre Vadodara 4 Medical College Baroda 5 Pramukhswami Medical College Gujarat 6 CU Shah Medical College Surendranagar 7 MP Shah Medical College Jamnagar 8 Pandit Deendayal Upadhyay Medical College Rajkot 9 Government Medical College Surat

10 Swami Vivekakand Institute Of Medical Sciences & Research Valia

Haryana

1 Maharishi Markandeshwar Institute Of Medical Sciences & Research

Ambala

2 Pt. B D Sharma Postgraduate Institute of Medical Sciences Rohtak 3 Maharaja Agrasen Medical College Hisar

Himachal Pradesh

Dr. Rajendar Prasad Government Medical College Kangra Indira Gandhi Medical College Shimla

Jammu & Kashmir

1 Sher-I-Kashmir Instt. Of Medical Sciences Srinagar 2 Government Medical College Jammu 3 Government Medical College Srinagar

Jharkand 1 M G M Medical College Kishanganj 2 Rajendra Institute of Medical Sciences Jharkhand 3 Patliputra Medical College Dhanbad

Karnataka 1 Kasturba Medical College Mangalore 2 A J Institute of Medical Sciences & Research Centre Mangalore 3 Adichunchanagiri Institute of Medical Sciences Bangalore 4 Al-Ameen Medical College Bijapur

5 B L D E A ’s Shri B M Patil Medical College, Hospital & Research Centre Bijapur

6 Bangalore Medical College Bangalore 7 Basaveswara Medical College and Hospital Chitradurga 8 Dr BR Ambedkar Medical College Bangalore 9 Govt. Medical College Mysore

10 JJM Medical College Davangere 11 K S Hegde Medical Academy Mangalore 12 K V G Medical College Karnataka 13 Karnataka Institute of Medical Sciences Karnataka 14 KLE Society's Jawaharlal Nehru Medical College Belgaum 15 M S Ramaiah Medical College Bangalore 16 Mahadevappa Rampure Medical College Karnataka 17 MVJ Medical College and Research Hospital Bangalore 18 Navodaya Medical College Raichur 19 SDM Medical College Dharwad 20 Sri Devaraj URS Medical College Kolar 21 Sri Siddhartha Medical College Tumkur

Kerala 1 Amala Institute of Medical Sciences Thrissur 2 Govt. Medical College Trissur 3 Govt. Medical College Calicut 4 Academy of Medical Sceiences,Pariyaram Kannur

5 Medical College Thiruvananthapuram

6 Government Medical College Kottayam

Madhya Pradesh

1 Shyam Shah Medical College Rewa

2 Gandhi Medical College Bhopal 3 M G M Medical College Indore 4 Shri Aurobindo Institute of Medical Sciences Indore 5 Netaji Subash Chandra Bose Medical College Jabalpur

Maharastra 1 Govt Medical College Akola 2 Deshmukh Memorial Medical College Amravati 3 Bharati Vidyapeeth Medical College Pune 4 KJ Somaiyya Medical College & Research Centre Mumbai 5 Government Medical College Aurangabad 6 Government Medical College Kohlapur 7 Govt. Medical College Latur 8 Government Medical College Nagpur 9 Indira Gandhi Medical College & Hospital Nagpur

10 Jawaharlal Nehru Medical College Swangi 11 Mahatma Gandhi Institute of Medical Sciences Sevagram 12 Maharashtra Institute of Medical Education & Research Pune 13 Govt. Medical College Miraj 14 Government Medical College Nanded 15 Maharashtra Institute of Medical Sciences & Research Latur

Manipur 1 Regional Institute of Medical Sciences Imphal

Orissa 1 MKCG Medical College Berhampur 2 SCB Medical College Utkal

Pondicherry 1 Mahatma Gandhi Medical College & Research Institute Pondicherry 2 Pondicherry Institute of Medical Sciences & Research Pondicherry 3 Vinayak Mission's Medical College Karaikal

Punjab 1 Christian Medical College Ludhiana 2 Dayanand Medical College & Hospital Ludhiana 3 Government Medical College Amritsar 4 Government Medical College Patiala

Rajasthan 1 Dr SN Medical College Jodhpur 2 Government Medical College Kota 3 Jawaharlal Nehru Medical College Ajmer 4 Mahatma Gandhi National Institute of Medical Sciences Sevagram 5 National Institute of Medical Science & Research Jaipur 6 Sardar Patel Medical College Bikaner

7 SMS Medical College Jaipur Sikkim

1 Sikkim Manipal Institute of Medical Sciences Sikkim Tamil Nadu

1 Chennai Medical College Trichy 2 Christian Medical College Vellore 3 Coimbatore Medical College Coimbatore 4 K A P Viswanathan Government Medical College Trichy 5 Kanyakumari Government Medical College Asaripallam 6 Kilpauk Medical College Chennai 7 Madurai Medical College Madurai 8 PSG Institute of Medical Sciences Coimbatore 9 Sree Balaji Medical College and Hospital Chennai

10 Thoothukudi Medical College Thoothukudi 11 Tirunelveli Medical College Tirunelveli 12 Variyar Medical College Salem 13 Rajah Muthiah Medical College Annamalainagar 14 SRM Medical College Hospital & Research Centre Kancheepuram

Uttar Pradesh

1 Jawaharlal Nehru Medical College Aligarh 2 Moti Lal Nehru Medical College Allahabad 3 Institute of Medical Sciences, BHU Varanasi 4 Maharani Laxmi Bai Medical College Jhansi 5 LLRM Medical College Meerut 6 Santosh Medical College Ghaziabad 7 GSVM Medial College Kanpur 8 S N Medical College Jodhpur 9 BRD Medical College Gorakhpur

Uttaranchal 1 Himalaya Institute of Medical Sciences Dehradun

West Bengal

1 RG Kar Medical College Kolkata 2 Calcutta National Medical College Kolkata 3 Medical College Kolkata 4 Shett Sukhlal Karnani Memorial(P.G) Hospital Kolkata 5 Nilratan Sircar Medical College Kolkata 6 North Bengal Medical College Darjeeling 7 Burdwan Medical College Burdwan

Annexure-E Contents of H.O. Circular No. RBD/UEL/ 30/OM- 0492/11-12 dated 21st Nov. 2011 Subject : Extension of United Education Loan under management quota Bank has issued detailed guidelines on revision of United Educational Loan Scheme vide H.O. Circular No. RBD/UEL/26/OM-381/11-12 dated 20th September, 2011, in terms of IBA communication on modification of Model Education Loan Scheme for pursuing higher Education in India and Abroad. It was clarified that any loan considered for students getting admission under management quota would be outside the present model scheme of Education Loan of the Bank. Management seats or management quota refers to the seats in private education institutions for which the management has discretion to give admission on factors other than merit. Normally for the management seats the only requirement is passing of the qualifying examination with certain minimum stipulated marks. Hence it is logical to interpret that these seats do not qualify for being called “meritorious”. In view of the IBA communication on extension of education loan to the students getting admission under management quota, a separate guideline on security for delivery of education loan is prepared. For the purpose of this scheme higher education is defined as studies taken up after completion of higher secondary school i.e ten plus two stage. The Bank will be financing the students depending on the employability of the course and reputation of the institution. The details of the modified scheme for extension of loan under management quota, is provided herein. Eligibility:

• Indian national having secured admission in professionals/technical courses through management quota in India and Abroad in approved courses under clause 3 of H.O. Circular No. RBD/UEL/26/OM-381/11-12 dated 20th Sept. 2011.

• All other terms and conditions shall govern in terms of aforesaid H.O. Circular

excepting the following : Security:

• Loan to be sanctioned against security to cover entire loan amount either by liquid security in the form of Bank’s own Term Deposit/ NSCs/ KVPs/ S.V. of LIPs etc. (subject to adherence to stipulated margin) or by way of mortgage of property in the name of parents (father / mother) only [who will be required to join as co-borrower],.

• In case of LIPs the surrender value is to be kept on record and loan amount not exceeding 90% of such value shall be considered to rank the value of security of loan.

• In case of Bank’s own Term Deposits/ NSCs / KVPs, it has to be ensured that TDs are renewed till such time loan remains outstanding and on maturity of NSCs / KVPs / LIPs etc. proceeds should be transferred for opening Term Deposits in the name of borrowers and shall be kept under Bank’s lien. It should be ensured that outstanding amount of loan is fully covered at all times during the pendency of loan. The security should be adjusted in case of need after giving due notice to the borrower(s).

• In case of mortgage of property, margin to be maintained at 25% of the value of property and it has to be ensured that the property is having legally enforceable title to create equitable mortgage in favour of the Bank. While getting search and marketability report from the lawyer the Branch should examine that the lawyer has mentioned that action under SARFAESI Act is available on the charged property.

• Valuation of the property should be done in terms of Bank’s guidelines. • In all cases Co-obligation of parents together with collateral security as stated

shall be obtained • In all cases assignment of future income of the student shall be insisted.

Quantum of Loan : The amount of education loan provided to the students under management quota shall be minimum of Rs. 5 lakh (Maximum amount as stipulated vide H.O. Circular No. RBD/UEL/26/OM-381/11-12 dated 20th September, 2011) . Rate of Interest:

• As per interest rates under United Education Loan Scheme • Concession : (a)0.50% concession in ROI for girl students.

(b)1.00% concession in ROI if interest is serviced regularly during moratorium period. • Interest Subsidy shall not be available

Repayment Period : Maximum 5 years irrespective of loan amount, after completion of moratorium period ( course period plus 1 year, or 6 months after getting job whichever is earlier). Branches often receive proposals from the employed persons for study of MBA or similar courses duly nominated by the employer. The proposals shall be disposed of in terms of the aforesaid guidelines. In all such cases, the repayment of EMIs shall be ensured from the employer either through deduction from pay bill or from the salary disbursement account maintained with the branch. No moratorium period shall be allowed. In the event terminal benefits are attached, the sanctioning authority may consider to waive insistence of security.

Children/wards of the employees of the bank are also eligible to avail of this facility. All concerned are advised to carefully note the above guidelines and act accordingly. Sd/- Dy. General Manager (Retail Assets)

Annexure - F Contents of H.O. Circular No.RBD/UEL/37/OM-0567/11-12 dated 23rd Dec. 2011 Sub : Execution of Term Loan Agreement under Bank’s Education Loan Scheme Bank issued detailed guidelines on revised United Educational Loan Scheme vide H.O. Circular No. RBD/UEL/26/OM-381/11-12 dated 20th September, 2011, in terms of IBA communication on modification of Model Education Loan Scheme for pursuing higher Education in India and Abroad. It was clarified that any loan considered for students seeking admission under management quota would be outside the present model scheme of Education Loan of the Bank, for which a separate guideline for extension of Education Loan under management quota was issued vide H.O. Circular No. RBD/UEL/30/OM-0492/11-12 dated 21st November, 2011. Education loan is extended with repayment clause on specific term basis. The borrowers are required to execute term loan document after knowing terms of contract with the Bank with regard to loan they avail. So long there was no laid down guidelines for execution of Term Loan Agreement by the borrowers under the scheme. The terms and conditions as embodied in the term loan agreement shall be binding upon the student borrower and the co-borrowers and in the event the Bank wants to take recourse of law for recovery of dues, especially in case of study abroad, it will of great help to the financing Branch. Document to be taken by Branch in addition to D.P. Note & other related documents: Agreement for Term Loan under United Education Loan Scheme to be executed by the Student and Parents / Guardians. This is to be stamped as per Stamp Act of the State. The text of the Agreement provided in Annexure –I shall be applicable for all Education Loans of the Bank. All concerned are advised to note the contents of the circular and act accordingly. Sd/- Dy. General Manager (Retail Assets)

Annexure-I (To be stamped as an agreement as per Stamp Act of the State where executed)

EDUCATIONAL LOAN AGREEMENT

This Memorandum of agreement made at ___________on ______day of________ in the year 20______

Between

(1)Mr./Ms_________________ son/ daughter /wife of________________ aged about __ (2)Mr./Ms_________________son/ daughter /wife of________________ aged about __ (3)Mr./Ms_________________son/ daughter /wife of ________________ aged about __ years residing at _______________________________________________ called “The Borrowers” (which expression shall unless it be repugnant to the context there of shall include his/her heirs, executors, administrators, legal representatives and assignees)

AND

United Bank of India, a body corporate constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and having its Head Office at 11, Hemanta Basu Sarani, Kolkata – 700 001 and a Branch Office amongst other places at __________________ hereinafter called “The Bank” (which expression shall unless it be repugnant to the subject or context thereof include its successors and assignees).

WHEREAS I. The Borrower(s) has/have applied to the Bank for a loan / advance of Rs........................... under the United Education / Superb Education Loan Scheme of the Bank and has / have agreed to avail the loan under the said Scheme of the Bank. II. The Bank at the request of the borrower(s) has advanced / has agreed to advance Rs.......................... as mentioned in the schedule-I of this agreement under the above education loan scheme of the Bank upon the terms and conditions set forth in these present as well as in the sanction letter upon execution of security documents. III. The borrower(s) further declares that he/she has understood all the terms and conditions relating to the sanction of his/her loan and agrees to abide by the same and also by the rules and regulations / guidelines which may be issued in future from time to time in this regard and in the event of failure of the borrower(s) to do so, the Bank will have a right to recall the advance. IV. For securing the aforesaid loan of Rs. ................with interest, cost and other charges it is intended that the flat/house /land/properties which is mortgaged in favour of

the Bank as mentioned in the security documents executed by the borrower(s) and personal guarantee of the guarantors and assignment of income of the borrower(s) shall remain charged in favour of the Bank as security for payment of the said amount. NOW THIS DEED WITNESSETH AND IT IS HEREEBY AGREED BETWEEN The Bank and the Borrower/s as follows; 1. The borrower's proposal together with the letter of sanction communicated to him/her/them by the Bank shall be deemed to consitute the basis of this agreement for the loan to be advanced by the Bank hereunder and the Borrower(s) hereby warrants the correctness of each and every one of the statements and particulars therein contained and undertakes to carry out the proposals therein set forth. 2. The borrower(s) hereby agree(s) that the said advance shall be governed by the terms contained herein as well as those embodied in the security documents. The borrower(s) further agrees that he / she/ they will also abide by the terms and conditions of the sanction of loan communicated to him / her / them for such loan which are in force and to be revised / amended / added from time to time by the Bank / RBI / Govt. of India / State Government.

3. The disbursement of the amount of the loan shall be at the absolute discretion of the Bank and shall be co-related with the actual progress made in the study of the student borrower. Such disbursement shall be made by means of banker's cheques / electronic transfer drawn in favour of educational institute to whom the student borrower / Bank desires and gives necessary instructions to make payment for the purpose of payment of tution fees, caution deposit, library fees, hostel fees etc. and purchase of laptop, other staturoty payments etc. At the discretion of the Bank and at the request of the borrower, the Bank may credit a part of the loan amount to the account of the borrower (Current / Savings Bank A/c) maintained in joint / single names to enable the borrower to make payment towards cost of books, and incidental expenses of the course for which the said loan has been sanctioned by the Bank strictly as per sanction terms. 4. The borrower(s) expressly agrees and undertakes that the said loan is to be utilised exclusively for the purposes set forth herein and also in the borrower's proposal and as per the terms of sanction of the Bank and for no other purpose. The borrower shall submit to the bank within a reasonable time, satisfactory proof of the proper utilisation of the amount of the loan, such as certificate from the institute, bills and other relevant documents/ receipts, etc., as may be acceptable to the bank. 5. The borrower(s) shall repay the amount of loan together with interest as per arrangement / schedule-II of this agreement / sanction letter in equated or agreed rate of monthly instalment as mentioned therein till the entire loan with interest is fully liquidated effective from............................. to be realized from his/her/their A/c (SB / CD) maintained with the Branch or arrange for payment of the monthly instalment in whatever manner deemed fit or by debit on the due dates from the current / savings bank account with the branch or any other branch of the Bank where the borrower(s) holds the

A/c singly or jointly or by any other agreed means by the borrower(s). This monthly instalment also includes interest component. 6. The Bank shall charge interest at the Fixed / Floating Rate basis as mentioned in the letter of sanction on the outstanding debit balance calculated on daily product basis and debited in the concerned account every month as follows (delete whichever is not applicable) ; a) Fixed Rate of Interest : Interest on the amount of the loan will be applied @ .................% p.a. with monthly rest calculated on the outstanding debit balance on daily product basis and debited in the concerned a/c. every month. b) Floating Rate of Interest : Interest on the amount of the loan will be applied at the rate of BR (Base Rate) Plus / Minus ............ % per annum (where BR i.e. Base Rate stands for Minimum Lending Rate of the Bank declared from time to time) with monthly rest calculated on the outstanding debit balance on daily product basis and debited in the concerned account every month. Provided the Bank shall at any time or from time to time be entitled to change the rate of interest depending on the change of BR and such revised rate of interest shall be construed as agreed to be paid by the borrower(s). The borrower(s) agree that it shall be deemed to have notice of change in the rate of interest whenever the changes are displayed / notified at / by the branch / published in the newspaper / made through entry of interest, charged in the statement of a/c sent to the borrower(s). c) The interest in the account will not be compounded monthly basis during holiday / moratorium period. The Bank will charge interest _____% (____ percent) rebate in rate of interest if the Interest is serviced by the borrower from the initial stages of disbursement on monthly and regular basis. Penal interest @ _____% (_____________ percent) or such other rate as the Bank may determine from time to time shall be charged for overdue amount and overdue period irrespective of any loan amount. d) The availability of subsidy under Central Govt. interest subsidy Scheme to the loan account shall be subject to compliance of terms and conditions of Govt. of India by the borrowers. 7. The loan amount sanctioned to the borrower is towards pursuation of education by the student borrower. The first monthly instalment (EMI) has to be paid after 12 months (maximum) from the date of completion of studies (including training period, if any) or six months after getting employment whichever is earlier or any shorter period as may be opted for. The undertaking by the borrower is to repay the loan within _____ years from the date of commencement of repayment, as the bank has stipulated in the sanction letter. Repayment shall commence after 12 months from the date of completion of studies (including training period, if any) or six months after getting employment whichever is earlier. For the purpose of servicing interest on loan by the borrower(s) one Savings Bank

or Current Deposit has to be opened with the concerned Branch and sufficient funds to be kept for such purpose. 8. (i)The student borrower hereby agrees that it will enter upon and diligently continue the course and that he will complete the course within the prescribed time specified in the application form. (ii) that he/she will throughout the period of the course comply to such directions as may be given to him/her by the institute/college/university from time to time. (iii) that he/she will sit for all examinations and periodical tests prescribed by the institute (college/university) with /in his which he/ she is pursuing the studies. (iv) that he/ she will confirm to such regulations, instructions and discipline that may be in force from time to time at the institute/college/ university in which he/she is pursuing studies. (v) that he/she shall not change the course or take up or pursue any other course of study without prior consent in writing of the bank. 9. The Borrower hereby undertakes to intimate the bank, in writing within 7 days from the date of joining the employment, details of his/her employment such as address of employer, salary etc. and to keep the Bank informed of the present official and residential address as and when it changes. 10. The Borrower hereby assigns his future income in favour of the Bank towards the payment of installments together with interest on the loan amount. In case of any default by the borrower in payment of any money becoming due under the said loan, the Bank shall be entitled at the Borrower’s risk and expenses as attorney for and in the name of the Borrower or otherwise (the Borrower hereby irrevocably appointing the Bank to be its Attorney) to give notice(s) of demands or take necessary steps for recovering any amounts payable to the Borrower by his/her employer or his/her debtors. In this regard the borrower agrees to notify promptly to all his/her future employers or his/her debtors about the authority granted to the Bank for recovering the amount payable by them (future employers or debtors) to the borrower. 11. All monies payable by the Borrower to the Bank shall be paid to the Bank at ____________ Branch, _______________ by cash / cheque or Bank draft drawn/ electronic transfer in favour of the Bank. Credit for all payments/payments by outstation cheque / Bank Draft will be given only on realisation of cheque / drafts.

12. The loan amount together with all the interests, costs, expenses and all other monies whatsoever shall be secured by the following along with letter of assignment of income, as stipulated in the letter of sanction. a. Co-obligation of parents to repay the loan amount.

b. Hypothecation of Computer /accessories / equipment / instrument etc. to be purchased out of bank finance. c. Collateral security in the form of suitable third party guarantee d. Tangible collateral security 13. The (student) borrower agrees that it shall execute in favour of the Bank, a letter of authority addressed to his/her employer to recover, and pay to the bank the monthly instalment from his/her Salary every month for appropriation towards repayment of his/her loan and interest, where the (student) borrower is employed and the same shall remain irrevocable so long as the (student) borrower continues to be liable to the Bank in respect of his/her loan account. 14. The borrower(s) shall create equitable / registered mortgage of land/house/flat in favour of the Bank and shall execute such documents as would be required by the bank, in terms of sanction letter issued in favour of him/her/them. In case it is not possible on the part of the borrower to create security by way of mortgage as aforesaid, the borrower shall arrange for furnishing other collateral securities to the Bank by way of pledge of bank's own Term Deposits, Insurance policy (by surrender value)/NSC/KVP/Relief Bond, etc., acceptable to the Bank as security for the loan, as per terms of sanction, wherever required. 15. The borrower(s) shall not assign, mortgage, charge or in any way encumber or alienate the mortgaged flat/house/land/properties or any part thereof so long as the borrower(s) remains indebted to the Bank in respect of his/her/their loan account. 16. The borrower(s) hereby agrees that the Bank shall be at liberty to inspect the mortgaged flat/house/land/properties at any reasonable hours of the day. The borrower(s) shall ensure that the bank's security is not jeopardised in any way. The borrower shall further ensure that all charges payable to the Co-operative Society / Municipal Taxes / Cesses and other dues to the statutory authorities are paid by him/her promptly in respect of the said flat/house/land/properties.

17. The borrower(s) shall keep himself/herself/themselves insured in respect of his/her/themselves in their own name and the Bank sanctioned limit of education loan and interest thereof. If the borrower(s) fails to effect such insurance, the Bank will be at liberty but not obliged to effect credit life insurance for the said amount against the life of the borrower(s) under the scheme and debit the said insurance premium and other charges to the account of the borrower with the Bank, as per terms of sanction. The Bank may at the option of the Borrower(s) allow loan for payment of such one time credit life insurnce premium. The borrower(s) further agrees that the Bank shall have the absolute right to receive all money payable under the said insurance policy relating to any claim made thereunder and to give a valid receipt therefor and the amount so received by the Bank shall be conclusive and be credited to the loan a/c of the borrower and the borrower shall not be entitled to raise any question with regard to the quantum of the amount which has been received from the Insurance company and credited to his loan account. The borrower(s) will not dispute his liability for the balance amount remaining due on such

a/c after such credit from the insurance company. 18. The loan under this Agreement shall be released by the Bank subject to fulfillment of all terms and conditions and the Borrower’s performing all obligations and undertakings under this Agreement besides compliance with Disbursement Procedure stipulated by the Bank such as submission of necessary information, documents etc. to the satisfaction of the Bank. 19. Notwithstanding anything herein or in the security documents contained, the whole advance and/or the entire outstanding balance shall become forthwith due and payable by the borrower(s) or his/her/their heirs, legal representatives and/or nominees to the Bank and the Bank will be entitled to enforce its security upon the happening of any of the following events namely : a) the student borrower ceasing to be in the course for which the Bank has financed by way of any disciplinary action taken by the institution, resigning from the study or being discharged from the service (after getting employment) or otherwise or upon the demise of the borrower or ceasing to be in service; b) the occurrence of any circumstances which in the opinion of the bank is prejudicial to or impairs, imperils or depreciates or is likely to depreciate the security given to the Bank ; c) the occurrence of any event which in the opinion of the bank will adversely affect in any manner the ability or capacity of the borrower or will make it improbable for the borrower to observe and perform his obligations hereunder to repay the loan with interest ; d) the occurrence of any default on the part of the borrower in paying the monthly instalment on due dates as per the sanctioned terms communicated by the Bank vide letter of sanction or the payment of instalment as agreed hereunder. The decision of the Bank with regard to happening any of the aforesaid event will be conclusive and binding on the borrower(s). 20. The borrower(s) further agrees that till the entire dues are adjusted by way of recovery from his/her employer or otherwise his/her liability to make repayment of the entire dues with applicable interest upto the date of payment in respect of his/her loan a/cs shall remain valid. 21. The undertakings, authority and agreement herein contained shall be irrevocable so long as the borrower(s) continues to be liable to the bank in respect of his/her loan a/cs covered by this agreement.

22. The borrower(s) further agrees that in case of default of payment of loan/ advances or in the repayment of interest/agreed instalment of loan on due dates, Bank/RBI will have the unqualified rights to disclose / publish his/her name as defaulter or publish photographs in such manner and through such medium as the Bank/Reserve Bank of India, in their absolute discretion, may decide.

23. The borrower(s) shall furnish to the Bank all such information as would be reasonable material for the Bank to ascertain / required by the Bank for its satisfaction from the institutes at such time in such forms and containing such particulars as the Bank may call for the purpose of ascertaining the results of utilisation of the advance. 24. Any notice by way of request demand otherwise hereunder may be given by the Bank to the borrower(s) personally or may be left at his/her the then or last known address or residence in India addressed as aforesaid and if sent by registered/speed post it shall be deemed to have been given at the time when it would be delivered in due course of post and in proving such notice when given by post it shall be sufficient to prove that the envelope containing the notice was posted at the last known address and a certificate signed by the Bank in this regard that the envelope was so posted shall be conclusive. If sent by facsimile transmission, the report generated from the facsimile machine of the Bank showing the borrower’s facsimile number and number of pages transmitted will be treated as conclusive evidence in respect of the notice received by the borrower. If by reason of absence from India or otherwise the borrower or any of such individual cannot be given any such notice the same inserted once as an advertisement in a newspaper circulating in the District where the borrower last resided at the address mentioned above be deemed to have been effectually given and received on the day on which such advertisement appears. 25. The borrower(s) irrevocably and unconditionally agree and undertake to bind himself/herself/themselves his/her/their executors, administrators, estates and assignees for re-payment of the outstanding liabilities in the loan account. IN WITNESS whereof the Borrower by himself/herself/themselves set his/her/their hands the deed on the ............................................... day of ...................................... 20........ Borrowers : 1. Signature ..................................................... Name .......................................................... Address ...................................................... .................................................................... 2. Signature ..................................................... Name .......................................................... Address ...................................................... ........................................................................

SCHEDULE-I

Details of loan sanction in favour of the borrower(s)

Loan amount Date of sanction

SCHEDULE-II

The details of monthly instalments to be paid by the borrower(s)

Number of instalments Date of instalment Amount of instalments

The above monthly instalment is subject to variation depending upon the revision of the rate of interest and penal interest from time to time

Borrower(s) signature

Annexure-G

Contents of H.O. Circular No. RBD/UEL/19/OM-289/08-09 August 28, 2008 Re: Guidelines on Execution of Documents for extending education loan

to Minor Students In view of queries raised from different quarters of the Bank, on execution of documents for extending United Education Loan to Minor Students, following points in the guidelines are being clarified herein under:

1. Education Loan can be sanctioned to minor students jointly with his/her parent / guardian as the case may be.

2. No loan application & loan documents are to be signed by the minor student

3. In case the student is minor, loan application & all loan documents are to be

signed / executed by the parent/ guardian in two capacities i.e. for self as co-obligant and also on behalf of the minor student.

4. After attaining majority only, the student has to execute the Deed of

Ratification (Annexure-A) in respect of all agreements & documents executed by the parent/ guardian on his / her behalf.

All concerned are advised to note the above and act accordingly.

Annexure-H ‘LAPS’ – Guidelines for handling specific fields in United Education Loan Scheme LAPS (Lending Automation Processing System) It is mandatory on the part of the HUBs to process retail credit proposals through LAPs. The experience gained by HUB functionaries are shared with H.O. and solutions to the problems, if any, are also provided below. Areas of experience Action Points

Margin: Maximum score 10.00 As per Scheme, sanction of Loan upto Rs. 4.00 does not require any margin and above Rs. 4.00 upto Rs. 10.00 in India, 5% margin is stipulated. In case study abroad, 15% margin is stipulated for loan upto Rs. 20.00 lac. How to handle this situation in LAPS.

No score to be considered

Collateral Security : Maximum score : 10.00 As per Scheme, no collateral is required for loan upto Rs. 4.00 lac.

No score to be considered

Guarantor : Maximum score : 10.00 As per Scheme no Guarantee is required for loan amount upto Rs. 4.00 lac

No score to be considered

Guarantor’s Net worth to Loan Amt. : Maximum score:10.00 As per Scheme no Guarantor and for that reason no net worth of Guarantor is required for loan upto Rs. 4.00 lac

No score to be considered

Out of total score of 100, there is no scope of considering 40 scores as stated above. The Users are therefore to calculate in terms of percentage of scores obtained out of 60 (100 – 40). If the proposal ranks merit of earning 60% score of 60 i.e 36, as stipulated in LAPS, the proposal should be favourably considered. Where LAPS is not in use, the Branches should continue to ascertain eligibility or otherwise as per scoring model provided in the Booklet. Where the admission is purely based on the marks scored in qualifying examinations, the bank has fixed a cut-off marks (70% marks in XII standard examination) for loan eligibility. It is clarified that where there is no scope of considering marks scored in entrance examination, 70% marks as stated may be the guiding percentage. Proposal of Students passed through entrance examination must not be rejected only on this ground by the HUB/Branch.

Annexure –I Contents of H.O. Circular No. RBD/UEL/5/OM-086/12-13 dated 10th May, 2012

Subject : Scheme for Interest Subsidy on Education Loan for Economically Weaker Sections- submission of claims Based on the guidelines received from the IBA recently, Branches are advised to submit claims for all eligible loans accounts disbursed during 1st April, 2011 to 31st March, 2012, by 5th June, 2012 to the concerned Regional Office and the R.O. in turn should submit to H.O. Retail Banking Department by 15th June, 2012. It is further advised that the Branches which failed to submit claims for eligible loan accounts disbursed during the financial year 2009-10 and 2010-11 should lodge claims, though the validity period of submission has already expired. However, considering Banks’ requests for giving another chance for extending the benefit to economically weaker sections, Govt. of India has acceded to it but pointed out that this is the last chance for submission of such claim. The Branches are advised to undertake the following steps in this regard :

a. Contact each borrower personally (where possible), hand over the letter or send by Regd Post that he/she is eligible for getting subsidy with a request to submit Income Certificate from the Competent Authority within a specified date and keep a record thereof. A draft copy of letter is provided in Annexure –I.

b. Get the Agreement executed by the concerned borrower(s). c. Massive awareness among SC/ST students should be undertaken so that they may feel

inclined to submit claims to the Bank with requisite documents. It is reiterated that the claims are to be submitted through soft copy like previous occasions. Neither hard copy of claim nor submission of the same to H.O. directly by the Branch would be entertained. If claim is not submitted in time due to omission on the part of the Branch, the concerned Branch Authority will be held responsible for such omission/ inaction. The claim should be lodged separately for the financial year 2009-10, 2010-11 and 2011-12. Claims clubbed together will stand rejected. All concerned are advised to strictly observe the time zone. The portal of Nodal Bank will be closed on stipulated date. No further claim shall be entertained from the member banks after date , which may please be noted. In case of 7 states viz. Arunachal Pradesh, Assam, Bihar, Manipur, Orissa, Sikkim and Tripura, the State Govts. have not yet designated the competent authorities to issue income certificate under the scheme. Our Branches may submit claims on behalf of eligible borrowers of these states as and when they notify certificate issuing authorities. A format for certificate to be issued by the Certificate Issuing Authority is given in Annexure-II and draft Agreement between the Bank and Borrower in Annexure -III.

Annexure-I

United Bank of India

……………………………..Branch

Ref. No. UEL/ /10-11 Date………………February, 2011 Mr. /Ms……………………………………… ………………………………………………. ……………………………………………… ……………………………………………… Dear Sir/Madam, Subject : Scheme for Interest Subsidy on Education Loan for Economically Weaker Sections– submission of income certificate from the designated authorities of the State Govt. in favour of the borrowers for the academic year 2009-10/ 2010-11/ 2011-12 (delete whichever is not applicable) Ref: Education Loan A/c No. ……………………………….in the name of ……………………………………. Govt of India provides for full interest subsidy during the period of moratorium on educational loans for students belonging to economically weaker sections (with parental family income from all sources of less than Rs. 4.50 lakh annually) from scheduled banks under the Educational Loan Scheme for pursuing courses of studies in professional/technical streams from recognised institutions in India. The Scheme is effective for all IBA approved educational loans sanctioned to eligible students for academic year 2009-10 . If you are interested in availing the interest subsidy, we would request you to (a) submit the income certificate from the competent authority of State Govt. (in original) and (b) execute Agreement with the Bank by 1st June 2012. Bank will not be responsible if you delay in submission of requisite documents. Enclo : As stated, Yours faithfully, Manager

Annexure-II This is to certify that Sri/Ms…………………………………………………………………………………. S/o,D/o-…………………………………………….residing at ……………..………………………………. His/her annual gross family income from all sources for the year is Rs……………………………………(Rupees…………………………………………………………………….……………………………………..) This certificate is issued for the purpose of claiming interest subsidy under the scheme of Ministry of HRD for pursuing approved courses of studies in technical & Professional streams from recognized institutions in India, for his son/daughter Sri/Ms. The signature of Sri/Ms (applicant) is attested below. Signature:

Signature of Competent Authority Place:- Date:- [The Competent Authority may prefer to give certificate in other format but it has to be ensured that all the relevant information is provided for the purpose of income of the eligible claimant]

Annexure-III AGREEMENT

(To be stamped as an Agreement) (Between the Student and the Branch of the Bank)

This Agreement for availing of interest subsidy under the Central Sector Scheme of Interest Subsidy on Student’s Loan for Professional Education in India made at ______________ on this ________ day of__________ in the year ___________.

BETWEEN Sri/Smt. _____________________________ Parent/Guardian S/O D/O _______________________ aged _______ Years, residing at _________________.

AND Sri/Smt. _____________________________ (Student) S/O D/O __________________ aged _________ Years, residing at _____________________________ represented by father/guardian Sri/Smt ________________ S/O D/O ____________________ aged _________________ years, residing at________________________. Parent and Student hereinafter jointly called the Borrowers and individually as Borrower of the FIRST PART (which term wherever the context so requires or admits shall also include his/her/their heirs executors and assigns)

AND ____________________ Bank, a body corporate constituted under the Banking Companies [Acquisition & Transfer of Undertakings] Act, 1970 having its Head Office at ________________ and having among other Offices, a branch office at ___________________ represented by their duly constituted attorney Sri/Smt. _____________________ hereinafter called the Bank (which expression wherever the context so requires or admits shall also include its Attorneys, Administrators, Successors and Assigns) of the OTHER PART. Borrowers and ________________ Bank shall be individually referred to herein as a Party and collectively as ‘Parties’. WHEREAS 1.The Borrowers availed/intend to avail Educational Loan from the Bank and the Bank sanctioned/agreed to sanction Rs.______________ (Rupees_____________) for pursuing technical /professional education in India. The Borrowers in consideration of the said sanction/promise has executed/shall execute the Educational Loan Agreement besides such other agreement/s or security/ies as per the Model Educational Loan scheme.

2. Integrated Finance Division, Department of Higher Education, Ministry of Human Resource Development of India (MoHRD) has come out with a Central Sector Scheme of

Interest Subsidy on Students Loan for Technical/Professional Education in India (hereinafter called the Interest Subsidy Scheme) to provide interest subsidy on the education loans availed by students having lower than a specified parental income as decided by the MoHRD in the said scheme for pursuing professional education in India during their study repayment holiday, from the Academic Year 2009-2010. 3. The Borrowers represented that they are eligible for interest subsidy under the said Interest Subsidy Scheme and requested the Bank to grant such benefit to them. 4. Based on the documents submitted by the Borrowers, the Bank agreed to extend the benefit under the said Interest Subsidy Scheme to the Borrowers and the parties hereto desire to enter into an agreement setting out the terms and conditions as hereinafter appearing in addition to the loan security documents executed/to be executed by the Borrower/s. IT IS HEREBY AGREED AND DECLARED BY AND BETWEEN THE PARTIES AND THIS DEED WITNESSED AS FOLLOWS: 1. The borrowers hereby covenant: a) That they have read and understood the Interest Subsidy Scheme of the MoHRD which is enclosed as part of the Agreement and declare and affirm that they are eligible under the said scheme and are eligible for the interest subsidy as per the said Scheme. b) That they shall produce all proof and documents of any other further supporting documents as required by the Bank/MoHRD. c) That all the clauses contained in the Educational Loan Agreement or any other documents executed by them shall be binding on them and this is in addition to the covenants clauses contained in the said Agreement/documents. d) That they shall return/refund the amount received towards interest subsidy under the Scheme with applicable rate of interest then prevailing forthwith on a mere demand by the Bank under the following circumstances: i) if MoHRD rejects the interest subsidy claim in respect of their Education Loan Account for whatever reason, or ii) if it is found that the subsidy has been claimed by misrepresentation/fraud, or iii) if Borrowers fails to furnish the documents information, which they are called upon to furnish, or iv) if Borrowers commit breach of any of the covenants herein contained or of the terms and conditions of the Scheme as amended from time to time or any of the declarations made herein is found false/incorrect, or v)if borrowers commit breach of any of the covenants contained in the Educational Loan Agreement or any other document/s executed by the Borrowers or vi)if the Borrowers discontinue the said professional education in India or vii)Any other reason by which the Bank recalls the said Educational Loan. The repayment holiday/ other eligibility as available under the Model Educational Loan Scheme shall not be eligible for the subsidy.

The Bank shall also have the right to recall the loan, if the said refund is not made within the period stipulated by the Bank in its demand, besides the right not to claim further reimbursement from the MoHRD. e)That they shall directly take up the MoHRD in case of rejection of their interest subsidy claim submitted by the Bank and the Bank shall not be made a party to the same. Borrowers shall on receipt of such intimation from the Bank/MoHRD, submit further clarification / documents, if any, required by the MoHRD directly to MoHRD f)That they shall comply with and faithfully observe all the terms and conditions of the said interest Subsidy Scheme and also the subsequent amendments and modifications and additions thereto together with the conditions of the sanction of the said Education loan. That they shall bear all expenses required in connection with the execution of the Agreement or enforcement of its terms and conditions. IN WITNESS WHEREOF BORROWERS and the BANK have hereunto set their respective hands on the day and place mentioned above. BORROWERS FOR BANK

1.…………………………. ………………………….. 2.………………………….. 3………………………….. Certificate and Undertaking

1. Certified that interest subsidy (reimbursement) claim (s) submitted by us s/are in respect of the Student(s) who is / are eligible under the interest subsidy scheme announced by the Govt. of India.

2. Certified further that we have verified and are satisfied about the genuineness and

correctness of the interest subsidy claim(s) submitted by us and the same is/are correct accurate and genuine and is/are as per the interest subsidy scheme announced by the Govt. of India.

3. We further agree and undertake to remit any amount received from Canara Bank in excess of our claim/amount reimbursed by Govt.of India to Canara Bank. Further we authorize Canara Bank to return the amount received from the Govt.

against our claim/s and held by Canara Bank, if the Govt. requests for such refund for whatever reason.

4. Certified that we have exercised due diligence in furnishing the information in the reporting Format to claim the reimbursement of the interest subsidy from Govt.of India.

Name : Designation: Date : Signature & Official Seal of Authorized Signatory

Annexure - J

CBS Guidelines on Interest Issue (Received from CBS Dept):

Management of overdue interest in Education Loan (simple):As per policy of the Bank in respect to Educational loan Interest is to be applied regularly in the account during the moratorium period which may or may not be serviced by the borrower during the moratorium period. The interest charged during the moratorium period is simple in nature. Thus the interest applied during the moratorium period is not to be considered as overdue. This facility is available in Finacle (Option- OAAC-I / ACM –S) where “Interest overdue period” field for Education Loan (Simple) is default populated as “999/999”. At the time of opening an account the user has an option to put the actual interest moratorium period in the field “interest overdue period” instead of “999/999”. This process needs to be followed in case of Education Loan (simple) and account to be rephrased after expiry of the moratorium period ,the process of which discussed below Conversion of Education Loan from simple interest to compound: The procedure for conversion of education loan simple to compound is given below. The Branch has to identify first whether the borrower has repaid interest on regular basis or not. If interest is regularly repaid and borrower is eligible for interest concession then only allow interest concession invoking menu option “INTTM”, put interest preference in “account preference interest debit” column field as applicable where “start date” field should be the date of account opening and end date up to the moratorium period then press down arrow, system will automatically show the start date where end date is the default populated as 31-12-2099 having no value in “account preference interest debit field, keep the same as it is and commit and verify the same. To refund interest run "LADGEN". Please note, above mentioned steps are required only for interest concession but next steps are to be followed irrespective of all LAEDS Loan account at the time of conversion. Thereafter account level change is required through menu option "ACM". In Menu option put “ACM” and then presses enter and in function column put -"M" and press enter. Cursor will move to A/C ID column-put respective account number and press F4, cursor will move to option code, put “0” and Press F4 put Leger NO. for identification in future and press F4, cursor will move to option field. Now remove “0” by Putting -"S" in the option code and press F4 only once and press F6 (thrice). A page will appear where in whatever may be the value in “interest overdue period” field to be removed to keep the field blank and interest on interest demand column flag by default is "N" delete "N" and put "Y”. Similarly, Penal interest on interest demand overdue flag should be "Y" and also Penal interest on principal demand overdue flag should be "Y". Now press F4, cursor will move to option code. Now delete "s" put "E" and make rephasement as “Y” where capital interest flag should be "Y" then press F4 cursor will move to "EIDEM" field change the repayment schedule as per terms of sanction and press F4 cursor will move to "E" option Press F10 and verify the same.

For further details Br. may contact CBS Held Desk : 3000333, 3000073, 3000126

UNITED BANK OF INDIA HEAD OFFICE: KOLKATA

APPLICATION FORM FOR TERM LOAN

UNDER EDUCATION LOAN SCHEME / UNITED SUPERB EDUCATION LOAN SCHEME

(Note : Application form to be read carefully before filling in Application should be submitted in duplicate) Place: Date: To United Bank of India PHOTOGRAPH PHOTOGRAPH _____________ (Student) (Parent/guardian) (Name of the Branch) I hereby apply for an Educational Loan of Rs……………………………..repayable in…………….. ………………………………………… monthly instalments beginning …………………………….. years after the disbursal of the loan to enable me to prosecute higher education in……………………… BIO-DATA OF THE STUDENT (a) Name in full : (b) Address : (C ) Date of birth and age : (d) Nationality : (e) Is the student otherwise gainfully occupied elsewhere : Yes/No If yes, please give details : of present occupation (f) Marital Status : Married ____ Unmarried _______ If married, number of Children, if any : (g) Parents’ Name in full Father : Mother :

// 2 // (h) Guardian’s name in full : and relationship with the student (i) Address of father/parent/ : Guardian with Telephone No., if any. Permanent Present : (j) Full Office Address with designation & Telephone No. : 3. EDUCATIONAL QUALIFICATIONS Examination passed

Institution/ University from which passed

Year of passing

Percentage of marks obtained

Class obtained

Mark Sheets of examinations passed as also testimonials from the College last attended to be attached. 4. Particulars of Scholarship/Prizes won for academic distinction: a) Examination : b) Nature of Scholarship/Prizes : c) Amount : d) Duration of Scholarship : 5. Parents’/Guardian’s financial status/family particulars a) Occupation (give full particulars) : b) Income per month : c) If in service, the age of retirement : d) Number of dependants : e) Details of income of any other member of Family, if earning :

// 3 // 6. Particulars of the course for which the loan is required: I. Name of the course & Process of selection : II. Duration : III. Institution/University: (Accreditation/ Recognition Authority) IV. Whether listed in Annexure-A of premier institutions or Annexure-B of approved institutions) V. Sanction to be done directly by Branch : VI. Prior clearance from RO required : VII. Detailed year wise breakup of expenses : including fees & other requirement : i) Fees payable to College/School/Hostel : ii) Examination/Library/Laboratory Fees : iii) Purchase of books/equipments/instruments/ : uniforms : iv) Caution Deposit/Building Fund/ Refundable Deposit supported by Institution Bills/Receipts : v) Travel Expenses/Passage Money for studies abroad : vi) Purchase of Computers essential for completion of the course : vii) Any other expenses required to complete the course like study tours, project work thesis, etc. : : Funds available from own/family source including margin : _______________ Amount of Loan required (Rate of conversion of Foreign currency taken is to be indicated here) : _______________ TOTAL : _______________ Other particulars: 7) Schedule of Disbursement proposed by the applicant :

// 4 // 8) i) Expected Income per month :Rs. after completion of course ii) Anticipated monthly expenses :Rs. _______ Balance :Rs. _______ Amount available for repayment of loan :Rs. _______ 9) In case of students intending to go : abroad, details of passport Note : i) Permission of the Foreign University accepting the student for enrolment or letter of admission to the Foreign University to be enclosed. ii) Permission of the RBI Exchange Control Department should be produced at the time of submission of the application along with the Passport and Visa of the Student. 10) Any other useful information : 11) Details of documents attached: a) d) b) e) c) f) 12. Details of securities offered: (where applicable) 13. Particulars about 3rd party as Guarantor (in case of 3rd party providing security) (A declaration by the Guarantor to be submitted as per specimen enclosed along with this : application). a) Name - : b) Residential Address with Telephone No. : and office address with Telephone No. c) Occupation with designation and other details : d) Estimated worth :

// 5 // 14. References (Name and Address of two Referees not related to you) : 1. 2. We hereby give the undertaking that the borrower-student shall follow all the rules and Regulations laid down by the institution where he will be prosecuting studies and shall maintain such dignity and honour, as is expected of a student pursuing higher studies. We further undertake that if the borrower - student studying abroad takes up any part time employment, full particulars of such employment shall be intimated to the bank. We also hereby undertake that the borrower - student should inform the Bank of any financial aid, assistance-ship, scholarship, sponsorship or any other assistance availed of by him at the time of applying for the loan or thereafter and of any other subsequent change in his financial position during the pendency of the loan. We further undertake that full details of employment after completion of the course shall be furnished to the Bank by the student borrower. We certify that to the best of our knowledge and belief, the information furnished herein is true and correct. We promise to abide by the terms and conditions governing the grant of the Educational Loan by UNITED BANK OF INDIA. We also undertake to furnish the correct address from time to time. SIGNATURE OF STUDENT (APPLICANT) (SIGNATURE OF FATHER/GUARDIAN) (SIGNATURE OF MOTHER/GUARDIAN)

// 6 //

DOCUMENTS TO BE ENCLOSED

1. Copy of the Testimonials

2. Copy of the Intimation for Admission

3. Course fee details (expenditure certificate from Institution)

4. Last two months salary certificates (guardian / co- borrower)

5. Copy of Form – 16 (IT) / IT return (guardian / co-borrower)

6. Photocopy of Voter Identity Card / Ration Card

7. Copy of Passport / Visa (Overseas Study )

8. Copy of PAN card (student or guardian / co-borrower or guarantor)

9. Photocopy of electric bill / telephone bill (student / guardian / co-borrower)

UNITED BANK OF INDIA HEAD OFFICE:KOLKATA

NAME OF THE BRANCH _________________________________________________ Particulars about the Guarantor (To be furnished by the Guarantor) in respect of Educational Loan Proposal of Shri/Smt._______________________________________________________________

(Name of Student applicant) 1. Name : 2. Address : 3. Age : 4. Occupation (Please give details) : 5. Approx. Annual Income : 6. Estimated net worth indicating inter alia details of Fixed Assets and Liabilities, if any. : Dated : ______________ Signature____________________________________

UNITED BANK OF INDIA HUB/BRANCH PROCESSING SHEET FOR EDUCATIONAL LOAN

1. Name of the Branch : 2. Proposal No_________________________ Dated ___________________________ A. Loan Application received from Mr./Miss____________________________________ _____________________________________ dated _________________________ for Rs. ____________________ is enclosed. The details given in the application have been verified by independent enquiries, reference to testimonials / certificates/documents, etc. wherever necessary, furnished by the Student (Photo-copies of which have been verified by the branch with originals and such originals have been returned retaining the photo – copies ) from the head of the educational institution where the student had studied last ; and two other respectable persons not related to the student about the student’s ability, character etc. and also from certified copies of letters conferring scholarship/Prize, if any, on the student for academic distinction. All precautionary measures have been taken to verify the genuineness of the student /parents/guardian/guarantors after conducting verifications from different sources and also by visit to their residential addresses and places of work. 3. i) Applicant’s Name : ii) Full Address : iii) Date of birth and age : 4. i) Father’s /Guardian’s name : ii) Residential Address : Office Address with Telephone No. : iii) Occupation : iv) Retirement Age : v) Gross Monthly income : Rs. a. Net Surplus : Rs. b. Other source of income from family : Rs.

// 2 // 5. Purpose of Loan : 6. Duration of the course : 7. Name and Address of the University/ : College 8. Address of the Student at the Place of study : 9. Loan amount eligible for as detailed hereunder : Rs. I. Cost of Completing the Course : i) Fees payable to College/School/Hostel : Rs. ii) Examination/Library/Laboratory fee : Rs. iii) Purchase of books/equipments/instruments /Uniforms : Rs. iv) Caution Deposit/building fund/refundable deposit supported by Institution bills/ receipts : Rs. v) Travel Expenses/passage money for studies abroad : Rs. vi) Any other expenses required to complete the course like study tours, project works, thesis etc. : Rs. vii) Purchase of computer- essential for : Rs. __________________ completion of the course. TOTAL Rs. __________________(A) II. Own/Family funds available : a) Scholarship/Assistance-ship Rs. b) Own Rs. c) Parents/Guardian Rs. d) Any other source Rs. _________________ TOTAL Rs.___________________(B)

(as % of A = )

// 3 // III) Term Loan to be granted for study (I-II) Rs. Plus Premium for Credit life Insurance of student (Mandatory). IV. Term Loan to be granted Rs. 10. Expected Monthly Income of borrower after the completion of the course Rs. Less : Anticipated Monthly Expenditure Rs. Amount available for repayment of loan Rs. 11. Whether any fund will be available from student/parents/guardians towards the repayment of loan amount during the currency of the course. If yes, what are the terms : (To be filled in after discussion with parents/ guardians) 12. S.B.A/c No. maintained with the Branch for servicing of interest on loan monthly and regularly : 13. Repayment period : __________ Years 14. Date of commencement of repayment : 15. Rate of interest (Floating Rate) a) Upto Rs.4.00 lacs : b) Above Rs.4.00 lacs : (Subject to changes as per RBI/H.O. directives) Note : i) Intt. is to be calculated quarterly on simple basis during moratorium period and thereafter on compound basis, ii) 1% interest concession may be allowed during moratorium period only if the interest is serviced monthly & regularly during moratorium period. (Interest to be calculated and charged as per stipulated rate of interest. Concession will be calculated and credited to loan a/c after completion of moratorium period) iii) Penal interest @ 2% to be charged for loans above Rs.4.00 lacs for overdue. amount and overdue period.

// 4 //

16. Equated Monthly Installment (EMI) : Note : Modality for computation of EMI : a) Course period plus 1 year (max.) is to be considered as moratorium i.e. repayment holiday period and applicable interest at simple rate accruing during such period is to be added with loan amount disbursed. b) Depending on the period of repayment, EMI is to be worked out taking the total amount of outstanding as at (a) plus applicable interest on compounding basis during the period of repayment. 17.Disbursement Mode & Schedule (Proposed) : Date Amount On account of Cash or Cheque/Draft Name & Address of beneficiary _____ _______ ____________ __________________ _________________________ 18. Opinion on father/guardian and guarantor(s) : 19. Opinion on the student : 20. Report on verification of student/parents/ : Guarantor(s) 21. Security offered (where applicable) : 22. Documents offered : a) b) c) d) e) f)

// 5 // 23. Name of the official visited the place of residence/office with date of visit (record of visit is to be kept in file) : 24. Manager’s Observations/Recommendations : We recommend the proposal for sanction of the loan amount under the terms and conditions as follows : Loan Amount : Rs. Interest : Rs. Purpose : Security : Repayment : Procressed by Sanctioned by MANAGER / SR. MANAGER CHIEF/SR. MANAGER

UNITED BANK OF INDIA

HEAD OFFICE: CALCUTTA ----------------------------------------- HUB/BRANCH SANCTION LETTER REF. NO. : DATED : Mr./Miss……………………………………………………………………………………………………………………………. (Name of student borrower) Mr./Mrs.……………………………………………………………………………………………………………………………. (Name of either of the parents/guardian) (Address)

Re : Your application for Educational Loan for higher studies. In response to your above application dated, we are pleased to sanction you an Educational Loan on the following terms and conditions : (1) Amount of Loan : (2) Purpose : For pursuing studies/higher studies by Mr./Miss_____________________________________________________________ (Name of the student borrower) In the field of_________________________________________________________ at__________________________________________________________________

(Name of the University/College) Situated at___________________________________________________________ to be completed in ……………………………………………………. years ( duration of the course ) (3) Nature of Facility : Term Loan (4) S E C U R I T Y (Applicable in case of loan above Rs. 4 lacs)

// 2 // Additional Security: i) Personal Guarantee of Mr./Mrs………………………………………………………………………………………….. ii) Other (if any) …………………………………………………………………………………………………………………….. ……………………………………………………………………………………………………………………………………….. (5) DISBURSEMENT : The loan will be disbursed at the request of the student borrower as per the following schedule : Nature Amount Prospective date of disbursement a) Fee payable to College/ : School/Hostel b) Examination/Library/ Laboratory Fee : c) Purchase of books/ Equipments/instruments/ Uniforms : d) Caution Deposit/ Building Fund/Refundable Deposit supported by Institution bills /receipts. : e) Travel expenses/passage money for studies abroad : f) Purchase of computers essential for completion of the course. : g) Any other expenses required to complete the course – like study tours, project work, thesis etc. : `

//3 // h) Interest:BR + % (i.e.) % p.a. (Simple) quarterly during the moratorium period and on monthly rest with compounding effect after the expiry of moratorium period. (The rate of interest will be subject to change as may be prescribed by RBI/HO directive from time to time.) Note : 1% concession in rate of interest shall be available during moratorium period only if interest is serviced monthly and regularly during moratorium period. However, penal interest @ 2% is leviable in case of overdue amount during the overdue period. (6) Proviso : For enabling the Bank to disburse the above sanctioned loan amount in time, necessary supporting documents are to be produced well in advance. The remittance there against will be made by the bank directly to the concerned authorities. As far as practicable such direct disbursement will be made by the Bank but cash disbursement will be considered at the request of the student borrower on merit. (7) REPAYMENT: The repayment will commence after the moratorium period which is either 12 months after the completion of the course or six months after securing employment whichever is earlier. Loan with interest will be repaid in monthly instalments spread over a period of ……………..Years starting after the moratorium period as stated above. The monthly instalments payable to the Bank will be worked out on the basis of loan amount outstanding at the end of the moratorium period allowed as above plus interest calculated thereof with quarterly rest which will be treated as the loan outstanding at the time of starting of the repayment of the loan. Such outstanding loan amount is to be repaid in equal monthly instalments besides future interest thereon as and when applied. (8) Other Conditions : i) Before release of the loan, you will execute all the necessary documents. ii) You are to open and maintain one SB a/c with the branch for servicing interest on loan on monthly basis. iii) You are to undertake that to complete the intending studies you shall arrange for necessary and adequate funds from own sources if required beyond the loan amount sanctioned by us and shall not approach the Bank for such additional finance, if any.

// 4 // iv) Since you have been financed under the Scheme for prosecuting domestic studies you should not take up any employment during the period of the Course except with the permission of the bank. v) You should strive to secure suitable employment after the Course is completed. As soon as you secure employment, you should furnish the Bank with full particulars of such employment including income therefrom. vi) You should follow all the rules and regulations laid down by the institution where you will be prosecuting studies and shall maintain such dignity and honour, as is expected of a student pursuing higher education. vii) If you take up any part time employment while studying abroad full particulars of such employment should be advised to the Bank. viii) Before availment of the loan for the purpose of study abroad, you shall produce and submit to the Bank the Exchange Control Permit for release of foreign exchange by Reserve Bank of India, sufficient to cover the cost of study and stay abroad and also the passport and visa for travel to overseas. ix) You should inform the bank if any financial aid, assistanceship, scholarship or any other assistance availed of by you or any other change in the financial position, after availment of the loan from the Bank. x) All other usual conditions and formalities as per Rules/directives / guidelines of Reserve bank of India/Indian Banks’ Association as amended from time to time will be applicable. If the above terms and conditions are acceptable to you, you may sign on the duplicate copy of this letter as token of acceptance and return the same to us for our further action. We wish you every success in life.

Yours faithfully,

Branch Manager

DEED OF ASSIGNMENT (To be stamped as applicable) Place : Date : To United Bank of India ……………………..Branch In consideration of United Bank of India (hereinafter called “ The Bank” ) having at my request as well as the request of my parent / guardian granted Educational Loan with maximum limit of Rs……….(Rupees………………………………………..only) “hereinafter referred to for privity sake as the Educational Loan” under Educational Loan scheme to me Mr./Ms…………………………………………s/o / d/o ………………………… ……………………………..against my application for Educational Loan dated……………….. to the bank wherein my full particulars are mentioned including purpose of loan under the terms and conditions of such loan mentioned in the sanction letter no…………......................... dated…………. . WHEREAS- I undertake that I will not take any employment and / or do any kind of business / profession during the period of the course except with the permission of the bank and further undertake that I will strive to secure a suitable employment after the course is completed and as soon as I will secure employment/business/profession I will furnish the full particulars of employment/business/profession including income thereof to the bank. I also undertake that I will follow all the rules and regulations laid down by the educational institution where I will be prosecuting studies and shall remain such dignity and honour, as is expected as a student pursuing higher studies. I, further undertake that in case I study abroad and take up any part-time employment/business/profession with the prior permission of the bank, full particulars of such employment/business/profession will be intimated to the bank. I also undertake that I will inform the bank of any financial aid, assistance, shift, scholarship or any other assistance availed of by me at the time of applying / availing of the loan or thereafter and of any other subsequent change in my financial position during the pendency of loan. I further undertake that full details of employment/business/profession after completion of the course shall be furnished to the bank. Contd…2

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Now, I, Mr./Ms………………………..…………………………………………s/o d/o………….…………………………..hereby assure the assignee bank that during the course of study and/or on completion of the aforesaid course, will inform the bank about my full particulars of employment/business/profession together with salary/income and will pay the aforesaid Educational Loan as per re-payment schedule. I hereby assign, convey and transfer all my sights, title and interest in respect of all income/amounts for my future monthly salary and allowances/income whatsoever unto the assignee bank absolutely and having consideration therefore assure the assignee that I shall assist and render all proof in court or otherwise, of the said claim for my salary/income whatsoever due to me. The assignee bank shall be entitled to deliver notice under the provision of law to my employer and/or their authorized agent or me and realize the said amount through court or otherwise and give full discharge to the said employer/me under these presents. The assignment shall be continuing assignment until dues together with other cost of the assignee bank are fully liquidated. IN WITNESS whereof I set my hand hereto. …………………………assignor/borrower WITNESS :- Signature : Name & Address : Place : Date :

Score Sheet of Education Loan Scheme

Name of the Applicant:…………………………………………………. Sl. No.

Parameters Scores Scores Scores Scores

≥ 90% ≥ 75% < 90% ≥ 60% < 75% ≥ 50% < 60% 1 Marks secured in last Examination 20 15 10 5

Post-graduation in Professional/ Technical

Graduation in Professional / Technical

Basic Post graduation Graduation & others 2 Course of Study

10 8 6 4 Through All India Entrance

Test Through State Level Entrance

Test Through Institution Level

Entrance Test Others Selection Process for

Courses in India

10 5 3 2 Through International Entrance

test in Institute of US/UK Through International Entrance

test in Institute of European Countries

Through merit basis in Institutes of EC/ UK/ Australia

Through merit basis in Institutes of other

countries

3

Selection Process for Courses in Abroad

10 5 3 2 IITs/ IIMs/ NITs/ NIFT/ XLRI &

Other all India Premier Institutions

Institutions offering admission through CAT/All India or State Level Entrance Examination

Institutions & Colleges under Premier Universities (JNU, BHU,

Jadavpur, Delhi, etc.)

Others Type of Institution in India

20 15 10 5 Top Ranked university/college

in US/UK State owned university/college

in US/UK State owned university/college in European Countries other than

UK/US

Others

4

Type of Institution Foreign studies

20 15 10 5 ≥ 20% ≥ 15% <20% ≥ 10% <15% <10% Margin for study in

India 5 4 3 2 ≥50% ≥ 40% <50% ≥ 25% <40% <25%

5

Margin for study in abroad 5 4 3 2

≥50% ≥ 40% <50% ≥ 25% <40% <25% 6 Contribution of Scholarship towards

Total Course Fee 5 4 3 2

≥ 10 years ≥ 5 Years <10 years ≥ 3 Years <5 years ≥ 2 Years <3 years 7 Period of stay at current residence 5 4 2 1

≥ 200% ≥150% <200% ≥ 125% <150% ≥ 100%<125% 8 Value of Security offered to loan

amount 10 8 5 3

≥ 15 ≥ 10 <15 ≥ 5 <10 < 5 9 Monthly income of Parent/Guardian :

Monthly Interest in the loan account

10 7 5 2

≥ 10 ≥ 5 < 10 ≥ 3 <5 ≥ 2 < 3 10 Parent/Guardian’s Net worth : Loan

Amount 10 8 6 3

TOTAL SCORE: 100 THRESHOLD SCORE: 50 TOTAL SCORE ASSIGNED………………