Product: Gold Based Overdraft

Eligibility Applicable for all individuals who are properly identified and accepted as per KYC/AML guidelines.
Payment Of Interrest Interest shall be charged on the monthly rests and should be serviced then and there.
Tenure of Product Tenure of 12 Months
Renewal Clause The account sholud be renewed every year
LTV LTV upto 90% to be maintained throughout the tenure of OD Limit
Processing charges
Upto Rs.15.00 lakh 0.25%+ GST
Above Rs.15.00 lakh to Rs.25.00 0.15%+GST
Appraiser Fees Appraiser Fees


RATE OF INTEREST
Name of the Scheme ROI
Non Agriculture Jewel Loan 9.50
RATE OF INTEREST (FIXED)
Upto Rs.15.00 lakh 10.25% p.a
Above Rs.15.00 lakh to Rs.25.00 lakh 10.75% p.a

Documents required

ADDRESS PROOF
  • Aadhaar card
  • Passport
  • Voter’s Identity card
  • Driving license
  • Telephone bill (not older than two months –installation should be at least before 6 months)
  • Bank account statement
  • Letter from a recognized public authority or public servant (not below the rank of the Tahsildar) verifying the identity and residence of the customer to the satisfaction of Bank
  • Electricity bill (latest) Ration card
  • Letter from employer (subject to satisfaction of the Bank) ID issued by Postal Authorities
  • Job card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the Unique Identification Authority of India containing details of name, address &Aadhaar number
  • Consumer Pass Book issued by Gas Agency
  • A rent agreement indicating the address of the customer duly registered with State Government or similar registration authority
ID PROOF
  • Aadhaar card
  • Passport
  • PAN card
  • Voter’s Identity Card
  • Driving license
  • Ration Card
  • Identity card /confirmation from the employer/other bank (subject to branch’s satisfaction)
  • ID card issued by recognized Educational Institutions ID issued by Postal Authorities
  • Letter from a recognized public authority or public servant (not below the rank of the Tahsildar) verifying the identity and residence of the customer to the satisfaction of Bank
  • Job card issued by NREGA duly signed by an officer of the State Government
  • Letter issued by the Unique Identification Authority of India containing details of name, address &Aadhaar number
DOCUMENTS TO BE EXECUTED
  • Demand Promissory Note

Last Updated on: 26-03-2025 07:30:14 AM

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