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Loan Against Securities

Frequently Asked Questions

How will death claim get processed in-case of the death of borrower/co-borrower in LAS account?

Surviving borrower/co-borrower of LAS account need to submit request for security released through register Email ID or at branch by submitting intimation letter of demise along with death certificate.

In case of nominee /legal heir of deceased can submit request for security released through branch by submitting intimation letter of demise along with death certificate & identity proof of nominee /legal heir.

Further release of security will be processed basis account utilization status.

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I have a single scrip in my portfolio; can I get limits against only one scrip?

Yes. You can avail of limits by pledging the single scrip, if it is part of our approved list of scrips.

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Is my overdraft limit fixed?

Your portfolio is valued periodically, and your overdraft limit varies, depending on the market rate of the shares you have pledged. You may at any time choose to increase your overdraft limit by pledging more shares, or decrease it by withdrawing them (within the permissible limits).

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How frequently do you revalue my portfolio?

We revalue your portfolio on a weekly basis. Additionally, in the event of a sharp fall in the market prices, we conduct an interim revaluation.

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Can the bank inform me about my latest limit by e-mail / SMS alerts?

The Bank has an e-mail alert and SMS alert facility whereby we intimate the latest limit as and when it changes due to revaluation of prices or lodgment / withdrawal of shares.

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