Against Bank Own Deposits

S No.	Title	Description
1.	Eligibility	Any Individual, Proprietorship/Partnership Firms, Companies etc.
2.	Type of Facility	Loan and/or Overdraft limit.
3.	Purpose	For any legitimate requirement of Funds.
4.	Margin	10% of the Present value of Deposit.
5.	Rate of Interest	1% above the applicable rate of interest on respective Deposit A/C.
6.	Sureties	At least two sureties of good means and enjoying high reputation, subject to satisfaction of Bank.
7.	Repayment	As required by the borrower, but not later than the date of maturity of Deposit A/c.
8.	Security	Pledge of Bank’s own Time Deposit Receipt and/or Recurring Deposit A/C in the name of borrower or any third party.
9.	Other Conditions	Need based credit limits to be assessed as per Bank’s policy/Rules.