| Purpose: |
| To meet all types of personal/business expenses by way of overdraft or demand loan. |
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| Eligibility: |
| Individuals/ Firms/ Companies. |
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| Amount of Loan: |
| Maximum of Rs.10 lacs. |
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| Security: |
| Charge on securities of Govt./PSUs. Pledge of NSCs/IVP/ KVP/LICs etc or any other such security transferable/assignable to the Bank. |
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| Margin: |
| 10% of surrender value of LIC Policy (surrender value certificate to be submitted on annual basis in the month of April). |
| 25% of the face/ accrued value of the security in other cases. |
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| Click Here for Rate of Interest |
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| Process Fee: |
| Rs. 10/- per certificate with minimum Rs. 50/- excluding postal charges. |
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| Repayment: |
| Overdraft is reviewed every year & term loan are to be for 36 months or validity of security whichever is earlier. |
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| Click here to view PLR Rates |
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| Help Line No- 1800-180-1235, 0124-2340940 |
| For unresolved queries- 011-25718132 |
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