| 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 Rs.5.00 lacs. |
| Security |
Pledge of gold ornaments and articles. |
| Valuation of Gold |
Rs.680/- per gram for 22 carrot gold or higher purity.
Rs.480/- per gram for 18 carrot gold at the discretion. |
| 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 - Rs.3.50/- per thousand or part thereof subject to a minimum of Rs.30/- and maximum of Rs.110/- per annum.
For Overdraft - 1.10% of the original limit subject to a maximum of Rs.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. |
