| Features | ||
|---|---|---|
| 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. |
