भारत सरकार द्वारा मान्यता प्राप्त
Maa Rewa Nidhi Limited

Loan against Deposit Receipt

An ideal way to maintaining liquidity while optimizing the returns of your invested funds.

Loan against Fixed Deposits is a facility offered by Maa Rewa Nidhi Limited to our members against your deposits held with us. For your liquidity requirements, avail 90% of the value of deposits held, without breaking the deposit.

You can avail a loan against the security of FDR / RD deposits.

You need not close the deposit prematurely, and can avail the loan:

  • At the branch where you maintain the deposit.
  • As an overdraft or as a demand loan.
  • For a maximum of 90% of the face value of deposit and including the interest accrued on the deposit.
  • At an interest rate linked to Deposit Rate against FD/RD deposits.

Loan / OD against Deposits

Eligibility Term Deposit /Recurring Deposit Holder
Amount of Loan 90% of accrued value of deposit.
Margin 10% on accrued value of deposit.
Repayment * Flexible.
* Maximum up to date of maturity of deposit.
Prepayment charges Interest Rate:
2% over the contracted rate for the Term Deposit/Recurring Deposit pledged.
Security Pledge of Term Deposit/Recurring deposit Receipt.