Purpose
To subscribe approved Issues of equity shares in the primary market - Only in Demat form.
Loan Amount
Minimum Rs. 15000/- per issue.
Maximum Rs.10 Lac for all issues together.
Eligibility
Individuals having SB/CD/OD account with the bank. The Scheme is presently available for residents only.
Quantum of finance
50% of the share application money
Margin
50%
Period
Demand Loan – Maximum 60 days from the date of loan. Loan should be closed within 45 days from the date of issue closure.
Overdraft Loan - maximum 12 months
Rates & Interest
Please refer rates & charges page
Minimum 23 days interest will be collected.
Security
Pledge of shares, when /if allotted