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Against Bank Own Deposits
| i | Eligibility | Any Individual, Proprietorship/Partnership Firms, Companies etc. |
| ii | Type of Facility | Loan and/or Overdraft limit. |
| iii | Purpose | For any legitimate requirement of Funds. |
| iv | Margin | 10% of the Present value of Deposit. |
| v | Rate of Interest | 1% above the applicable rate of interest on respective Deposit A/C. |
| vi | Repayment | As required by the borrower, but not later than the date of maturity of Deposit A/c. |
| vii | Security | Pledge of Bank’s own Time Deposit Receipt and/or Recurring Deposit A/C in the name of borrower or any third party. |
| viii | Other Conditions | Need based credit limits to be assessed as per Bank’s policy/Rules. |