Resident Individuals – Self Employed / Salaried
Yes. You can avail of limits by pledging the single scrip, if it is part of our approved list of scrips.
Your portfolio is valued periodically, and your overdraft limit varies, depending on the market rate of the shares you have pledged. You may at any time choose to increase your overdraft limit by pledging more shares, or decrease it by withdrawing them (within the permissible limits).
We revalue your portfolio on a weekly basis. Additionally, in the event of a sharp fall in the market prices, we conduct an interim revaluation.
The Bank has an e-mail alert and SMS alert facility whereby we intimate the latest limit as and when it changes due to revaluation of prices or lodgment / withdrawal of shares.
It's different from your life. There are multiple aspects to consider, and who knows what the future holds for them.