Welcome to ixamBee
Continue with your mobile number
The eligibility criteria to procure a loan against shares - loan against security shares are: - One has to be within the age group of 18-65 years in order to avail of a loan against shares. - The tenure of these loans is generally a year but can be extended and taken up for renewal if required. - A minimum amount of INR 1 lakh and a maximum amount of INR 10 Lakhs can be availed for physical shares and INR 20 Lakhs for demat shares. - An identity proof and a residence proof , income proof such as a salary slip , recent bank statements of 6 months, pan card ,cancelled cheque and a holding statement from the depository participant. - The interest rates on these loans are in the range of 12-18% per annum and are cheaper than a personal loan. - Shares held in the names of HUF, minors, Companies and NRI’s cannot be pledged. Only individuals are eligible. - The Directors or Promoters of a Company cannot pledge shares of their respective Companies. - The borrower needs to pledge his shares by filling a pledge request form with the details of the shares and these need to be submitted to the bank. - A loan processing fee of 1-2% is charged against the loan amount sanctioned. There are no pre-payment charges for these kinds of loans. - One can pledge a single select script against a higher margin and a maximum of 20 scripts can generally be pledged at a time. Certain banks specify no upper limits. - If the value of the shares falls or the credit limit falls short additional shares need to be pledged or cash must be paid. - One can also pledge the shares of a spouse, parents, brother, in laws and children above 18 years of age. - Physical shares are acceptable only as marketable lots.
IPPC is one of the ______________ recognized by the World Trade Organization's Sanitary and Phytosanitary Measures Agreement along with the Codex Alime...
The method in which seed is sown and closed by soil in a regular process?
Which crop among the following shows self-incompatibility?
Discharge of irrigation water into an earthen canal is 2500 l/min. Inflow rate into the plot to be irrigated is 2000 l/min. What will be the conveyance ...
Which of the following type of plough is generally used for the breaking the hard pans?
The symbol 'D' in thermo-bacteriology is indicated for
Agriculture entomology concerns the study of:
Given below are two statements
Statement I
A Species is generally defined as a uniform interbreeding population spread over time and sp...
Indian Agriculture Research Institute was established in Pusa (Bihar) in the year ___
It is plan of activities to be undertakon in a particular time sequence.
