The loan may be used to meet emergency financial requirements, to carry on business activities,for direct investment in India or for acquiring a flat / house in India.
- You can avail a loan in Indian rupees against the security Fixed Deposit or NSC
- At the branch where you maintain the deposit.
- For a maximum of 85% of the face value of deposit, and including the interest accrued on the deposit.
- Interest Rate additional 2 % of Deposit Interest Rate