Uniform margin of 50% shall be applicable on all advances against pledge of approved shares/financing for subscribing to IPO/CDB/LCDB/issue of guarantees for capital market operations including loans/advances against pledge of shares to staff
0.1% of the loan amount subject to a minimum of Rs.100/- and maximum of Rs.250/-.
In case of OD, charges as above are to be collected for every renewal / enhancement.
DOCUMENTS / FORMALITIES
Stipulated Loan Application with 2 passport sized photographs
Guarantee / co-obligation where applicable
Statement of holding of scrips issued by DP
Latest salary certificate / income proof like ITAO / IT Return
Financial Statements for the last 2 years (in case of non-salaried individuals)
Customers are requested to call on our mentioned Toll Free Numbers only for any complaints/issues. Bank shall not be responsible for any consequences arising out of customers calling any other unverified numbers.