Home | Customer Care | Career | Sitemap | Tender | FAQ | Contact Us      

You are here  » Loans »  Retail Loans  » SODdeposits » 
Sunday, 24-Jun-2018  12:30:35 PM
Loan/ Overdraft against Banks Own Term Deposit (LATD/FLXLN)
PURPOSE Amount can be used for any Purpose, against security of Bank's own FDR's (Term Deposits).
MAX. AMT 90% of accrued value.
ELIGIBILITY FDR's (Term Deposits) should be in the name of Applicant.
In case of third party FDR, NOC from third party required for loan.
REPAYMENT Co-terminus with due-date of FDR’s,
In case of Own FDR's (Term Deposits):- 1% more than FDR ROI
In case of Third party FDR's (Term Deposits):- 2% more than FDR ROI
MEMBERSHIP Not required.
SURETY Not required.
SECURITY Lien on Bank's Term deposits
  • Loan is sanctioned against Term deposit to Proprietorship firm, Partnership firm, Ltd., Liability Partnership firm or Pvt. Ltd. Company and if the said Term Deposit are in personal name of the Proprietor/ Partner/ Director it will not be treated as Third Party facility and ROI applicable will be 1% above TD interest rate.
  • The FLXLN facility will be allowed against Term Deposit of our bank, excluding ATSS/Recurring Deposits /DDS.
  • Periodical Interest on QID/MID schemes will be credited to Loan/FLXLN account.
  • In case of advance against various deposits receipt with different ROI we charge differential interest rate slab wise depending on outstanding balance or Limit availed in ascending order.
What's Latest
arrow Per day limit of MOBILE BANKING is Rs.1,50,000/- i.e. Rs.1,00,000/- through IMPS and Rs.50,000/- through NEFT.
All the Customers may please note that minimum average balance in Savings Account with effect from 01.04.2018 shall be Rs. 500/-. Lower average balance will attract charges applicable as per rules.

arrow Customers who want to avail input credit as per GST Act Click here...

arrowMaximum cash withdrawl permissable at Host branch with cheque book only in Any Branch Banking is Rs.50000/- for self & Rs.25,000/- for third party in SB Account and Rs.100000/- for self & Rs. 50,000/- for third party in Current, FLXLN, SOD, SODGLD and SODIMP accounts .

arrow Bank has introduced yearly service charges on PLATINUM Debit Card at Rs.150/- Plus Taxes..Click Here


arrow Click HERE

arrow A SB/CD a/c is treated as DORMANT, if there are no transactions in the account for over a period of 2 years(i.e.no credit or debit induced by customer as well as 3rd party other than crediting of periodic interest or debiting of service charges.

arrow List of Unoperative SB Accounts with Zero balances,Un-operative for more than 10 years...Click HERE


arrow Just give missed call to Toll free number 18004195511 from your registered Mobile number for Balance Enquiry. To HOTLIST the ATM / RUPAY DEBIT card :- DIAL 9223110011 from your registered MOBILE NUMBER, after 2-3 rings call will be disconnected & system will HOTLIST your card with SMS confirmation.


arrow Intimation to Account holders having "0" Balance for 6 months : -Click here


arrow LIST of SB/CD accounts having "0" Balance for 6 month : -Click here

Guidelines for claim of Unclaimed Deposit & to activate Inoperative Accounts for 10 years & more.
arrow Click here
List of Unclaimed Deposits & Inoperative Accounts for 10 years & more.
Click here

arrow While booking online Tickets through IRCTC website with the help of RuPay Debit Card, Use RuPay card (Powered by Kotak Bank) under option payment gateway / credit card .

arrow Charges for Transactions inclusive of Financial & Non Financials on other Banks ATM in a calendar month Rs.20 per transaction plus GST.For Savings Bank account holders Five such transactions are free in a calendar month.
arrow    BANK's POLICY (click Here)