|Purpose||Overdraft facility against jewels pledged with the Bank for priority
or general purpose.
|Eligibility||Any individual who is having current account competent to enter
contract and to create a pledge.
|Loan||Upto Rs.1,700 per gram|
|Quantum||Upto 2 Lakh|
|Rate of Interest||9.75% p.a.|
|Period||12 months and to be renewed every year.|
|Enhancement / reduction of limit||Part release or additional pledging of the gold jewel is not allowed.
Enhancement / reduction of the limit
will be made automatically as per the rate per gram / value of gold prevailed