The One Time Settlement (OTS) facility being offered by the Charminar Co-op Urban Bank Ltd here has been extended for a period of one year, till March 31, 2016.
Simple interest will be charged at 18 per cent from the date of disbursement to March 31, 2000 and the outstanding amount as on the same date will be crystalised, a press release said. Eleven per cent simple interest will be charged from April 1, 2000 till the date of final closure. Borrowers will have to pay 10 per cent of the total amount arrived at immediately and the remaining 90 per cent within a maximum period of three months.
