Over Draft Against NSC/KVP/LIP

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Limit per Borrower - Upto 85%.

Margin Money - 15%.

Repayment Period - Up to maturity of the security offered.

Rate of Interest - 14%.

Security

  • Lien marked certificate of NSC/ KVP by the issuing post office in favor of the Bank and to be pledged with the bank.
  • Money receipt to be deposited with Bank for lien marked charges from the post office.
  • Original L.I.C. Policies with assignment in favor of the Bank are to be deposited .

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