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| Details | Particular | |
|---|---|---|
| Purpose | Overdraft facility against jewels pledged with the Bank for priority or general purpose. |
|
| Eligibility | Any individual who is having current account competent to enter contract and to create a pledge. |
|
| Loan | Upto Rs.1,700 per gram | |
| Quantum | Upto 2 Lakh | |
| Rate of Interest | 9.75% p.a. | |
| Period | 12 months and to be renewed every year. | |
| Enhancement / reduction of limit | Part release or additional pledging of the gold jewel is not allowed. Enhancement / reduction of the limit will be made automatically as per the rate per gram / value of gold prevailed |