| Purpose |
For
meeting contingencies / personal need / reinvestment but not for
speculative purpose |
| Eligible Customers |
Individuals
having satisfactorily operated accounts for minimum period of six
months.
|
| Eligibility Script |
Fully
paid Shares / Debentures and Mutual Funds / Units of UTI in the
name of applicant in Dematerialized form only.
|
| Amount of finance |
Minimum
Rs. 30,000/- per borrower Maximum Rs.3.00 Lacs per borrower. |
| Margin |
50%
of prevailing price in the local / nearest Stock Exchange |
| Security |
Pledge
of marketable lots of fully paid approved scrips in the name of
applicant. |
| Nature of Loan |
Demand
Loan or Overdraft
|
| Repayment |
DL
should be adjusted with in one year and Overdraft will be valid
for one year. |
| Processing Charges |
1%
of the limit with a minimum of Rs.500/- to be recovered every
year. |
