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Rates & Charges
Rates & Charges
 
Savings Account
NRE Savings* 4.00% Apply Now
 
Fixed Deposit & RD

Know more about interest rates

NRE FD
(5years 1 day upto 10 years)		 5.50% Know More
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*Interest rates at 4% per annum for end of day balances equal to or above INR 50 lacs and 3.50% per annum for end of day balances below INR 50 lacs
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NRI ›Money Transfer ›Loans ›Loans against Fixed Deposits

Home Loans
OVERDRAFT AGAINST THE FIXED DEPOSIT

Overdraft against the Fixed Deposit

Key Highlights

  • Get the advantage of liquidity in your investments with a loan against your fixed deposits (NRO, NRE, FCNR deposits).
  • Disbursement options such as demand loan or overdraft as well as flexible repayment avenues.

Overview

Get a loan facility against the security of your following deposits:

Features and Benefits

  • Loans available to self as well as third party individuals (Any individual / Corporate).
  • Loans available up to 90% of the principal amount of the deposits (maximum INR 500 lakhs).
  • Disbursed either as Demand Loan or Overdraft against Deposit.
  • Repayment to be made either by adjustment of the Fixed Deposit or by fresh remittances from outside India through normal banking channels.
  • Loan can also be repaid out of the funds in the NRO account of the borrower.
  • In case of loans to third parties, the same can be repaid out of the local rupee account of the borrower.