Make your securities work harder for you.


Avail hassle-free advance against security of bonds.

  • Features
  • Eligibility
  • Interest rates & charges
  • Most Important Terms and Conditions (MITC)

Baroda Advance Against Securities (National Savings Certificate) : Features

Type Of Facility Term/Demand Loan & Overdraft
Minimum Loan Limit
  • Term Loan / Demand Loan : Rs.3,000/-
  • Overdraft: Rs.20,000/-
Maximum Limit Per Individual
  • Public – No Ceiling
  • Staff – Five Times of Gross Salary

Baroda Advance Against Securities (National Savings Certificate) : Eligibility

  • Resident Individuals aged 21 years and above

Baroda Advance Against Securities (National Savings Certificate) : Interest rates & charges

Product Conditions Repo Rate + Spread Effective Rate of Interest
Loan Against NSC
Conditions
Demand Loan / Term Loan
Repo Rate + Spread
1.00% Over NSC rate or BRLLR + S.P. + 1.50%, whichever is higher.
Effective Rate of Interest
-
Conditions
Overdraft
Repo Rate + Spread
0.25% higher than the ROI applicable to DL/TL i.e., 1.25% over NSC rate or BRLLR + S.P. + 1.75%, whichever is higher.
Effective Rate of Interest
-
Conditions
Staff
Repo Rate + Spread
0.50% over NSC rate
Effective Rate of Interest
-

Processing Charges
  • Rs.500 + GST

Baroda Advance Against Securities (National Savings Certificate) : Most Important Terms and Conditions (MITC)

  • The advance will be disbursed only after getting the Bank’s lien noted with the post office which has issued the NSCs.
  • Advance to third party is not permitted.

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