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Overview

Indus Demat Cash Scheme
IndusInd Bank offers you a loan against your investments to reap maximum rewards.

Loan against Shares is eligible only for the following categories:

Personal Purposes: For meeting personal expenses like for marriage, housing, education, medical etc.

Business Purposes: For meeting financial requirements for your professional or business purposes other than operations on stock markets

Features & Benefits

Loan Amount
Minimum INR 1 lakh, maximum INR.20 lakh

Security
Equity shares of the companies on the approved list of the bank held in demat form

Margin
40% of the value of shares for approved stocks only

Value of Shares
At the current market price

Period of Loan
For 12 months may be renewed on request, at bank's discretion

Conditions

  • Current Account to be opened with the bank for availing the OD facility
  • Depository Account to be opened with the bank for holding the Demat shares
  • Only Demat shares from the bank approved list will be accepted as security. However shares held with other Depository Participants may also be accepted as security
  • If the value of shares pledged falls and after deduction of margin amount the residual value is not adequate to cover the outstanding in the loan account, the amount of shortfall should be paid or additional shares of adequate value should be pledged within 24 hours

Fees & Charges
2% over the applicable rate in case of irregularity or overdue in the account

Default
If the shortfall in the account is not rectified either by payment of funds or by pledging additional shares the bank may at its discretion sell the shares for recovery of its dues wholly or partly, without any notice

Eligibility

  • Adult Individuals

How to Apply

You can apply for Loan Against Shares online. Click on the Apply Now button on this page, fill in your details and submit it. We will get back to you for further process. Alternately, you can visit a branch and submit the Loan application form.

Documentation

  • Simple documentation.
  • Need to sign agreement
  • Proof of identity
  • Proof of address
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  • SAVINGS RATES

  • Daily balance upto 1 lac 4.5 %
  • Daily balance above 1 lac 6 %
  • DEPOSIT RATES

  • 1 year to 1 year 2 months 9.1 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1 lac) 8.75 %
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