Loan/OD/Credit Card against Deposit

Providing Term Loan/Overdraft/Credit Card against Term Deposit through Online Mode

To enhance customers convenience, facility for availing Term Loan/ Overdraft/ Credit Card against Term Deposit has been introduced on our Bank Website.  This service can be accessed online at any time, eliminating the need to visit a branch. Click Here to Apply

Features of the Product:

• Overdraft/Term Loan/Credit Card facility can be availed by individual customers against Term Deposits in individual name through this online mode.
• Customer should have unencumbered Term Deposit with Mode of operation as Self/Either or Survivor. Valid Aadhaar (with registered mobile number) of Term Deposit account holders should be available in CIF.
• Variable Recurring Deposit, Term Deposits in Minor’s name and IB Tax Saver deposits are not eligible for availing the credit facility through this online process.
• Multiple credit facility against single Term deposit is not allowed.
• Maximum Permissible Limit – 90% of the deposit value or Rs. 10 lakh whichever is lower.
• Rate of interest for Overdraft & Term Loan: 1% above respective term deposit interest rate.
• Customer have the choice to avail either VISA or RUPAY Credit Card.

Term Loan/Overdraft against Term Deposit through Branch Mode