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FAQs |
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If you have any queries that are not answered
here, please call
us or
write
to us.
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I have
shares of only one company. Can I get limits against just one scrip ?
Yes. You can avail of limits by pledging any of the approved single scrips
under our "Single
Scrip Scheme" (The drawing power on these single scrips will range from
25% to 50%).
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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.
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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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In
whose name would the shares be held ?
Your shares remain in your own name while you reap the benefits of your portfolio.
Which means that you can continue to enjoy all your shareholder benefits such
as rights, dividends and bonuses.
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How
do I receive the overdraft amount ?
We will open a Current Account in your name into which we will create an overdraft
limit. Your overdraft limit will depend on the quantity and value of the securities
you have pledged.
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What
are the other benefits that I can get from my Overdraft Account ?
Your Overdraft Account comes equipped with all the benefits associated with
HDFC Bank's Current
Account, such as PhoneBanking, NetBanking, BillPay and ATM facilities.
What"s more, as a privileged Loan Against Securities customer, you are entitled
to our International
Debit Card free of cost. (only for the first holder)
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How
much do I pay ?
Interest rates at HDFC Bank are among the lowest available. And what"s more,
you only pay interest on the amount of the overdraft that you use, and the
time you use it. Interest is debited to your account at the end of each Month.
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How
do I pay the interest accumulating in my account every month?
With reference to RBI guidelines vide DBOD.NO.BP.BC.10/21.04.048/2004, please
note that interest debited in your overdraft account has to be serviced at
monthly intervals or at such intervals as may be applicable from time to time,
by way of credits into your overdraft account.
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Please note that the loan is granted only for personal purposes. Loan Amount
can not be used for speculative activities or any purpose linked to capital
market activities or for any anti social purposes.All credit is at the absolute
discretion of HDFC Bank. |
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| Apply Now |
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Just
fill the Online
Application Form and our representative will get in
touch with you shortly.
Other Ways to apply :
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