Features/Guidelines
Allowed to individual depositor against deposit in his/her name singly
Age- 18-70 years
Loan amount minimum Rs. 25,000/- and maximum Rs. 50.00 lakh per customer after maintaining suitable margin
Margin:
|
Remaining maturity period of FDR(Offline) at the time of availing e-OD facility |
Margin |
a. upto 3 years
b. above 3 years |
10%
20% |
|
Remaining maturity period of FDR (Online) at the time of availing e-OD facility |
|
a. upto 2 years
b. above 2 years and upto 3 years |
5%
7.5% |
ROI shall be 1% above applicable ROI on deposits
E.g. if ROI on FDR is 6.00% then ROI on e-OD shall be 7%
Maximum advance period shall be residual period of FDR
No processing/documentation charges
Can be availed against offline/online FDR through PNB One and against online FDR through Internet Banking services
E-OD shall be auto-closed on the maturity date of linked FDR