1.

Purpose of Loan

For meeting the exigencies and or for subscribing to new issues.

2.

Eligibility

Individuals who are bonafide owners of the shares and debentures held in DEMAT FORM AND MAINTAIN ACCOUNT WITH DEPOSITORY PARTICIPANT

3.

Nature of Facility

Overdraft / Demand Loan

The repayment is to be made on demand or 12 months whichever is earlier.

The limit may be reviewed on annual basis and renewed on merits

4.

Eligible Loan Amount

50% of the value of the approved shares worked out on the basis of the Average Market price for the last 6 months or the Current Market price whichever is less.

5.

Maximum loan amount

For individuals

Rs. 20 lakhs

6.

Margin

50%

7.

Security

Lien on shares should be marked in bank's favour with Depository Participant.

8.

Disbursement

Directly to borrowers

9.

Rate of Interest

Base Rate+4 %

10.

Processing Fees

1 % of loan amount (minimum Rs.500/-)

11.

Repayment

Suitable monthly installments in case of Demand loan

12.

Other Conditions

              i.      The borrower should give a latest statement issued by    DP.

            ii.      The applicant should furnish his client ID and the number allotted by his DP and his DP ID Number.

          iii.      The detailed statements of DEMAT account and pass book to be submitted.