The National Co-operative Bank Bangalore, The National Co-operative Bank Gandhibazaar

Security	Lien on following deposits 1. Fixed Deposits Receipts 2. Yogakshemanidhi Deposits Receipts 3. Recurring Deposits 4. Daily Deposits
Margin	10% of the value of the Deposit
Maximum Repayment Period	The repayment period of advance against deposit shall not exceed the period between the date of availment of loan and the date of maturity of deposit.
Release of loan	The proceeds of the loan amount shall be paid to the party’s SB/CA. Or through Banker’s Cheque
Maximum limit	90% of the value of the Deposit
Interest rate and interest application frequency	1. Interest rates 1% above the rates applicable to the pledged deposit 2. The Rate of Interest will be charged and compounded at monthly intervals and interest so charged will be capitalised
Service Charges	Nil
Additional Information	Advance against term deposit will be granted to a third party only if the Depositor/s gives a consent letter authorising the Bank to grant such advance. In such cases the Advance Application shall be submitted by the third party along with the duly discharged FDR, take delivery letter, Authority letter given by the depositor/s. The third party pledge letter should be in the format prescribed by the Bank.