Details | Particular | |
---|---|---|
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 |