Loan or Overdraft facility against Term deposit
| To meet financial requirement for any genuine personal/firm's financial needs against FD/RD. | ||
| Loan amount | As per the bank’s prevailing policy | |
| Eligibility | Individual (s) holding term deposit receipt or consent of third party engaged in receipt | |
| Margin | 10% of face value with accrued interest | |
| Tenure | Maturity date of the receipt or whichever is earlier in case of more than 1 term deposit receipt | |
| Guarantors | Not applicable | |
| Security | Pledge of term deposit receipt or assignment of LIC policy | |
| Interest Rate | As per the bank’s prevailing policy. | |
| Processing Charges | Decided by bank from time to time | |
Visit nearest branch for any additional information.
