|Particulars||Shares||Mutual Funds||Govt and PSU Tax Free Bonds|
|Minimum Loan Amt||Rs 2 lac||Rs 2 lac||Rs 2 lac|
|Maximum Loan Amt||Rs 20 lac||
Equity Mutual Fund Units
Rs 20 lac against Demated Equity Mutual Fund Units Rs 10 lac against physical Equity Mutual Fund Units
Debt Mutual Fund Units
Rs 50 cr against Debt Mutual Fund Units
Rs 20 lac in case of an Individual borrower
Rs 50 cr in case of an Entity / Non-Individual Customer
Yes. You can pledge shares from any Depository (NSDL or CDSL) and any Depository Participant across the country.
Yes. You can pledge single or multiple scrips to avail the facility, if it is part of our approved list of scrips.
We revalue your portfolio on a weekly basis (Friday). Additionally, in the event of a sharp fall in the market prices, we conduct an interim revaluation. If the new drawing power is less than the outstanding in the current account, you would be required to put in the difference amount or pledge more shares/securities to regularize the account. On the other hand, if the drawing power rises, the limit available to you also automatically increases subject to a maximum loan amount as per the agreement/ regulatory guidelines.
The interest on the Overdraft account will be calculated on a daily outstanding balance and applied (debited) to your account at the end of every month. Interest to be serviced/paid on the first day of every month
With reference to RBI guidelines, please note that interest debited in your overdraft account has to be serviced at monthly intervals or at such intervals as may be applicable from time to time, by way of credits into your overdraft account.
The initial tenure is for a year. At the end of the year, the client is required to renew the facility with simple documentation.
You can check the credit limit and your outstanding loan amount in your loan account through any of the following mediums:
Your portfolio is valued periodically, and your overdraft limit varies, depending on the market rate of the shares / securities you have pledged. You may at any time choose to increase your overdraft limit by pledging more shares/ securities, or decrease it by withdrawing them (within the permissible limits).
The Statement is sent on a monthly basis at the registered email address
You can view your overdraft account online through IndusNet facility. You can check your transactions, account balance, limit amount, interest debited, transfer funds, etc through this facility
IndusLAS facility against securities comes to you at attractive interest rates, which are based on the trends prevailing in the market at the time of the loan. You pay only when you use the money and for the number of days the money is used. The rates vary according to the product-variant