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Is there any loan against deposit facility available to the depositors under HUDCO PDS?

April 26, 2017deposit depositors facility hudco loan PDs

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Is there any loan against deposit facility available to the depositors under HUDCO PDS?

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Ans. Yes, depositors under the scheme are eligible for loan against deposit upto 75% of deposit amount after the initial locking period of three months from the date of deposit. The interest rate applicable on loan against deposit would be 2% above interest payable on deposits.