Overdraft Against Demated Shares & Debentures
| Eligibility | Individuals who are members/Nominal members of the Bank. |
|---|---|
| Purpose | Personal exigencies, purchasing shares/debentures for genuine investments. |
| Amount | Maximum Rs. 10 Lacs against Demat Shares Maximum Rs. 5 Lacs against shares in physical form. |
| Margin | 50% against Demat Securities. |
| Repayment | Renewable after 12 months. The valuation of security shall be done quarterly |
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©2016 The Malad Sahakari Bank Limited.