Purpose
- Loan is provided for personal needs and cannot be used for speculative activities
Eligibility
- The applicant must be the owner of such security.
- The applicant should have demat account
- Shares/securities must be in demat form only.
- Shares must be listed on BSE/NSE and should be approved/acceptable to the bank.
Security
- Pledge of the demat shares and Securities against which loan is sanctioned.