The amount can be used for any productive purpose.
a) Loan against NSC/RBI bonds
up to 2 year old - 70% of accrued value.
Above 2 years to 4 years old - 75% of accrued value
Above 4 years - 85% of accrued value.
Loan against LIC Policy/KVPs - 90% of surrender value.
SOD against NSC/KVP/RBI Bond -80% of accrued value.
SOD against LIC - 90% of accrued value
Note : Loan against KVP encashable after two and half year.
Maximum 60 installments for loans or co-terminus with maturity period whichever is earlier.
ROI Click here
Up to 1 Lac - Nominal Membership Rs.100/-
Above 1 Lac - Regular Membership 2.5% of sanctioned amount
Assignment & Pledge of NSC, KVP & LIC Policies.
In case of RBI Bond, it should be transferred in our Bank’s name
- For Loans:-
0.60 % (minimum Rs.100/- and maximum Rs.1000/- + applicable GST
- For SOD:-
0.60% (minimum Rs.100/- and maximum Rs.1000/-.) + applicable GST
- Certificate standing in the name of a minor will not be accepted as security..
- Loan/SOD against LIC, will be considered only against policy issued by LIC of India in applicant's name only.