Loan Against National Saving Certificate/ Kisan Vikas Patra

Why take credit when you can borrow against your own NSCs & KVPs

Welcome to world-class banking at IDBI.

You have invested in NSCs or KVPs to earn tax-free income. However, in the interim, you need cash, immediately. What do you do?

Stop worrying. IDBI presents Loan Against NSCs / KVPs — your solution to short-term fund requirement. Loan against NSCs / KVPs is an overdraft facility. A lien will be marked on your NSCs / KVPs in order to avail of this facility.

The NSCs / KVPs that are offered as security are Lien marked in favour of the Bank and the Drawing Power (DP) is calculated based on the applicable margins set by the Bank. Facility will be renewed after every 12 months depending on the performance of the account.

For further assistance, please feel free to talk to your Relationship Manager at the nearest branch or email us at capitalmarketgroup@idbibank.com / lakshmichand@idbibank.com  

Product Features

• Attractive interest rate
• Comprehensive single booklet documentation
• Interest charges levied at the end of every month only on the amount withdrawn
• Most convenient mode of advance for the customer as it allows to draw funds when required
• Available at all IDBI branches click (for list of all IDBI branches)