Loans against Fixed Deposits

How to avail the loan?

• To avail the loan, please visit any of our branches.
• You can also apply for loan agaist deposits through a missed call or SMS

Loan Against Deposit via Missed Call

Loan Against Deposit for Resident Individual Customer is now enabled through Missed Call. The customer will have the option to avail the loan by just making a Missed call. Customers can avail the AAD without any paperwork & instantly, without visiting the branch.

Procedure to open loan against deposit via missed call

• Step 1 – Give a missed call to 8880144225 from the Registered Mobile Number of customer.
• Step 2 –Customer will receive an acknowledgement with a link over SMS. On clicking the link, customers will be taken to the BYOM portal.
• Step 3 – Authenticate using mobile number and OTP. Loan offer details are displayed. Customer may review and submit the request. Loan is availed & amount will be disbursed to the operative account of the customer.

Terms and Conditions for availing loan against deposit via missed call

1. Should be a Resident customer.
2. Minimum Deposit amount should be Rs 5000.
3. Minimum tenure left for deposit to get matured should be more than one day.
4. Deposits should be in the sole name of the applicant. Deposits in joint names/minor names are
not eligible.
5. Deposits maintained in Foreign Currency (FCNR Deposits) are not eligible.
6. Deposits in the name of third parties and companies are not eligible.
7. Deposits opened on the same day of availing the loan are not eligible.
8. Deposits which are already linked as security to other loans are not eligible.
9. Tax saving deposits are not eligible.

Loan Against Deposit via SMS

Loan Against Deposit for Resident Individual Customer is now enabled through SMS. The customer will have the option to avail the loan by just sending an SMS. Customers can avail the AAD without any paperwork & instantly, without visiting the branch.

Procedure to open loan against deposit via SMS

• Step 1 – Send SMS in the format INSTANT LAD to 8546995577 from the Registered Mobile Number of customer.
• Step 2 –Customer will receive an acknowledgement with a link over SMS. On clicking the link, customers will be taken to the BYOM portal.
• Step 3 – Authenticate using mobile number and OTP. Loan offer details are displayed. Customer may review and submit the request. Loan is availed & amount will be disbursed to the operative account of the customer.

Terms and Conditions for availing loan against deposit via SMS

1. Should be a Resident customer.
2. Minimum Deposit amount should be Rs 5000.
3. Minimum tenure left for deposit to get matured should be more than one day.
4. Deposits should be in the sole name of the applicant. Deposits in joint names/minor names are
not eligible.
5. Deposits maintained in Foreign Currency (FCNR Deposits) are not eligible.
6. Deposits in the name of third parties and companies are not eligible.
7. Deposits opened on the same day of availing the loan are not eligible.
8. Deposits which are already linked as security to other loans are not eligible.
9. Tax saving deposits are not eligible.