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Personal Advances / Overdraft Against Pledge Of Gold Ornaments
 
Purpose Overdraft facility on current account
Eligibility Properly introduced Customers Singly or Jointly.
Amount of finance Minimum Rs6,000/-, Maximum Rs.15 lakhs
Security Pledge of Gold ornaments or Jewellery made of 22 carat or 18 carat
Gold valuation
  1. Rs.1250/- per gram(Net weight) or 75% of market value of Gold for 22 carat gold purity with BIS Hallmark of .916, whichever is lower 
  2. Rs.1150/- per gram(Net weight) or 75% of market value of Gold for 22 carat gold purity without BIS Hallmark, whichever is lower 
  3. Rs.1000/- per gram(Net weight) or 75% of market value of Gold for 18 carat gold purity, whichever is lower
Repayment 12 months
Appraisal charges Rs.3.50 per thousand with a minimum of Rs.50/- and a maximum of Rs.500/-
Service Charges 1% of loan amount with a minimum of Rs.100/- and a maximum of Rs.5000/- (inclusive of appriser charges)
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