Loan against NSC/KVP

For purposes under priority sector lending or for any other purposes other than speculative.

Interest RateAs per Bank Schedule (Board Approved, RBI Directives)

Maximum Amount75% of Purchase Value (Subject to Bank Exposure Ceiling)

Maximum TenureUp to 36 Months or Security Maturity (Whichever is Earlier)

Key Highlights

Loan against Government-backed securities

Up to 75% of certificate purchase value

Lower risk secured lending

Repayment linked to maturity of NSC/KVP

Suitable for short to medium-term funding needs

Loan up to ₹1 Lakh - Nominal Member eligible.

Loan above ₹1 Lakh - Regular Member required.

Borrower must be employed or have sufficient business income to repay loan installments.

Government securities should belong to the borrower or be properly guaranteed if held by a third party.

In case of securities held in the name of a minor, declaration from guardian confirming loan is for minor's benefit is mandatory.

KYC documents of the borrower.

Original NSC/KVP certificates.

Discharge and endorsement of certificates in favour of the bank.

Letter of guarantee or renunciation where securities stand in third-party names.

Declaration from guardian in case of minor-held securities.

Pledge of NSC/KVP certificates with bank's charge registered with the issuing Post Office and securities endorsed in the bank's name.

🏷️

Processing Fee

As per prescribed Bank's Service Charges.

Visit the branch or call us for more details.