| 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 |
- 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
- Rs.1150/- per gram(Net weight) or 75% of
market value of Gold for 22 carat gold purity without BIS
Hallmark, whichever is lower
- 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) |