| Who can Borrow | Individuals (Singly/ Jointly) |
|---|---|
| Purpose | For any legitimate purposes |
| Max .Finance available | Upto Rs.10.00 lacs for members |
| Security | Pledge of Gold Ornaments |
| Margin | Rs. 1800/- per Gram ( 24 carat ) |
| Interest | 12% P A |
| Documentation | 1. Application form along with KYC documents, Income Proof of the applicant/s (SAVING /CURRENT ACCOUNT TO BE OPENED). 2. Pledge of Gold Ornaments. 3. Valuation of the ornaments of the gold pledged will be done by the Bank’s approved valuer in Bank’s premises. |