FAQS

Yes. You can pledge shares from any Depository (NSDL or CDSL) and any Depository Participant across the country.

I have invested in only one share. Can I get a limit against this single share.

Yes. You can pledge single or multiple scrips to avail the facility, if it is part of our approved list of scrips.

How frequently do you revalue my portfolio?

We revalue your portfolio on a weekly basis (Friday). Additionally, in the event of a sharp fall in the market prices, we conduct an interim revaluation. If the new drawing power is less than the outstanding in the current account, you would be required to put in the difference amount or pledge more shares/securities to regularize the account. On the other hand, if the drawing power rises, the limit available to you also automatically increases subject to a maximum loan amount as per the agreement/ regulatory guidelines.

How do I need to pay back the loan?

The interest on the Overdraft account will be calculated on a daily outstanding balance and applied (debited) to your account at the end of every month. Interest to be serviced/paid on the first day of every month

Do I need to pay the interest separately even if the limit is still there in the account?

With reference to RBI guidelines, please note that interest debited in your overdraft account has to be serviced at monthly intervals or at such intervals as may be applicable from time to time, by way of credits into your overdraft account.

What is the loan tenure?

The initial tenure is for a year. At the end of the year, the client is required to renew the facility with simple documentation.

How do I get to know my Credit Limits?

• Call our 24 hour Customer Care Centre
• Visit any of the nearest IndusInd Bank branches
• Net Banking facility (IndusNet)

How do I pledge more securities (from approved list)?

• Submit the pledge request form/s with your Depository Participant, with whom you hold your Demat Account correctly mentioning your loan account no as the Agreement No..
• Get the acknowledgement on the copy of pledge form and submit the same to your LAS relationship manager.
• Once your DP correctly initiates the pledge request through Depository in the favour of IndusInd Bank (mentioning your LAS account number as the Agreement no.), the limits will be set within next 24 working hours

Is my overdraft limit fixed?

Your portfolio is valued periodically, and your overdraft limit varies, depending on the market rate of the shares / securities you have pledged. You may at any time choose to increase your overdraft limit by pledging more shares/ securities, or decrease it by withdrawing them (within the permissible limits).

Whether I would get loan statement for my LAS account?

Can I access and operate my loan account through IndusNet (Net Banking)?

You can view your overdraft account online through IndusNet facility. You can check your transactions, account balance, limit amount, interest debited, transfer funds, etc through this facility

What are the lending rates for Loan against Securities? How much shall I pay for this facility?

IndusLAS facility against securities comes to you at attractive interest rates, which are based on the trends prevailing in the market at the time of the loan. You pay only when you use the money and for the number of days the money is used. The rates vary according to the product-variant