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 Online Services |
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 Star IPO
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Product
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Investing in Capital market - New Issues Bank of India's Star - IPO is a tailor made scheme
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Eligibility
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Individuals who have PAN Number and Demat account with us.
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Purpose
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To subscribe to Initial Public Offerings (IPO) including through book-building.
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Type of Facility
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Demand Loan
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Margin
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50% * (subject to RBI directives)
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Period of Loan
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Maximum 60 days
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Rate of Interest
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3.00% above Base Rate, Min. 11.00% p.a. for repayment upto 60 days.
5.00% above Base Rate, Min. 13.00% p.a. for repayment over 60 days.
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Fee and Charges
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0.06% of loan amount exclusive of Stamp duty, if any to be paid
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Processing charges
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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
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Quantum of Loan
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Max. Rs.10.00 lakhs per borrower
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* Subject to RBI directives.
Please contact our Zonal Offices at:
1. Mumbai South
2. Mumbai North
3. New Delhi
4. Rajkot
5. Karnataka
6. Pune
7. Vadodara
8. Chennai
9. Ahmedabad
10. Kolkata
11. Chandigarh
12. Hyderabad
13. Indore
14. Nagpur - I
15. Coimbatore
16. Ludhiana
17.Rajasthan
18.Raigad-Thane
19.Gandhinagar
Agreement charges : Applicable as per Fair Practice Code.
For more information, you may contact nearest branch of the Bank. Loan at the sole discretion of Bank of India
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