Purpose
Any purpose except stock broking activity
 
Eligibility
50% of value of securities
Only individuals having D.P.Account with us and not connected with any stock broking firm or activity
 
Limit of Loan 
Maximum Rs.10.00 lacs
In case of Dematerialized shares and of dematerialized PSU Bonds and Debentures
 
Rate of Interest
Interest rate linked to PLR.Please contact your nearest branch for interest rates .
To view PLR please click here /www.saraswatbank.in//viewsection.jsp?id=0,88,159
Repayment Period 
Maximum 36 months or on demand. Review every year. Daily valuation of security by DP Cell.
 
Security
Pledge of Dematerialized security with DP Account with us.
Securities include PSU Bonds and debentures in dematerialized form Minimum 2 scrips (A and B1 category scrips) no single scrip can exceed 65% of the current market value of the portfolio.
 
Share Holding
Regular membership (2.5%)
 
Processing Charges
NIL
 
Documents Required
Loan/ OD on the basis of undertaking from the customers that the facility will not be used for any stock broking / speculative activity

No reduction for OD limit.