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Personal

Product

Investing in Capital market - New Issues Bank of India's Star - IPO is a tailor made scheme

Eligibility

Individuals who have PAN Number and Demat account with us.

Purpose

To subscribe to Initial Public Offerings (IPO) including through book-building.

Type of Facility

Demand Loan

Margin

50% * (subject to RBI directives)

Period of Loan

Maximum 60 days

Rate of Interest (floating, p.a. at monthly rests)

Particulars Rate of interest
Star IPO 1 Year MCLR + 3.25% + BSS (0.30%) Upto 60 days
1 Year MCLR + 4.50% + BSS (0.30%) Over 60 days

Fee and Charges

1.00% of limit sanctioned min. Rs.1000/- and max. Rs.5000/- per account to be recovered at the time of sanction of limit and at annual review

Processing charges

Quantum of Loan

Max. Rs.10.00 lakhs per borrower

* Subject to RBI directives.

Please contact our Zonal Offices at :
  1. Mumbai South
  1. Mumbai North
  1. New Delhi
  1. Rajkot
  1. Karnataka
  1. Pune
  1. Vadodara
  1. Chennai
  1. Ahmedabad
  1. Kolkata
  1. Chandigarh
  1. Hyderabad
  1. Indore
  1. Nagpur - I
  1. Coimbatore
  1. Ludhiana
  1. Rajasthan
  1. Navi Mumbai
  1. Gandhinagar

 

 


For more information, you may contact nearest branch of the Bank. Loan at the sole discretion of Bank of India