The proponent should be the depositor of the Bank.
Pledge of the duly discharged term deposit receipt by all the joint holders of the deposit.
No collateral security is required
85% of the face value of the deposit i.e.85% of principal of the depositat the time of opening,There is no maximum limit.
15% of the deposit value.
Loan against Bank Term Deposits: 1% over the interest payable on term deposit.
Remaining period of maturity of deposit.
Nil.
Nil.
Nil.
Duly discharged deposit certificate & KYC documents of depositor if not submitted earlier while making deposit.