|Purpose||:||To meet personal needs|
|Eligibility||:||All NRIs who have completed 21 years of age and having satisfactorily operated account with the Bank and properly introduced to the bank.|
|Loan Amount||:||Maximum `5.00 lacs.|
|Security||:||Pledge of gold ornaments and articles.|
|Valuation of Gold||:||`1,650/- per gram for 22 carrot gold or higher purity with BIS Hallmark.
`1,500/- per gram for 22 carrot gold higher purity with out BIS Hallmark.
|Repayment||:||12 months (with option to renew for a further period)
DL – 12 Months, OD – 36 Months.
|Rate of Interest||:||As applicable to Domestic Gold Loans.|
|Processing / Service Charges||:||For Demand Loan – `3.50/- per thousand or part thereof subject to a minimum of `30/- and maximum of `110/- per annum.
For Overdraft – 1.10% of the original limit subject to a maximum of `330/- per annum
|Credits / Repayment||:||Credits to be routed through NRE / NRO accounts for Overdraft account.
By way of inward remittances
Out of the maturity proceeds of the NRO / NRE / FCNR Term deposits.
Gold Loan / Overdraft