Purpose

• Overdraft can be allowed for Agriculture and Allied activities, Business activities, consumption purposes and contingencies and will not be allowed for speculative purpose.

Eligibility

• Any individual owning gold ornaments/Jewelry/Coins, either singly or jointly having saving bank account with our Bank.
• Pawn brokers and jewelry shop owners are not eligible under the scheme.

Quantum of loan

• Minimum Amount -Rs.10.00 lakhs
• Maximum Amount -Rs.25.00 lakhs

Repayment Period

Running Account- Repayable on demand subject to renewal every year.