About Overdraft Loan

The Bank has been providing advance to its customers against the security of the customer’s own Term deposit Receipt with the Bank. At present 20% & 25% margin is maintained for loans against FD & RID. The rate of interest is charged 1.5% above the rate applicable for the deposit which is offered as security for availing loan.

Rate of Interest:

1.5% above the rate applicable for the deposit which is offered as security for availing loan.

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