If my holdings value has declined due to market conditions, will it affect my Loan Against Securities (LAS)?
As per RBI regulations, in the event that your Loan To Value (LTV) exceeds the maintenance margin limit for 5 consecutive trading days, the pledged securities will be sold proportionately so as to to bring the LTV below the limit.
| Product | Maintenance Margin |
|---|---|
| Digital Loan Against Shares | 50% LTV |
| Loan Against Shares | 50% LTV |
| Loan Against Mutual Funds | 50% LTV |
| Loan Against Sovereign Gold Bonds | 25% LTV |
If there is a margin shortfall in your account above the permissible limit, you will be intimated via email.
As per the details given, you can clear the shortage by:
- Selling pledged securities- If you wish to sell the securities, kindly send an email to credits@geojitcredits.com and we will do the needful to settle the outstanding loan amount plus due interest charges.
- Transferring (pledging) additional securities
- Transferring the required amount to Geojit Credit's bank account via NEFT/RTGS/cheque/demand draft:
| Particulars | Details |
|---|---|
| Beneficiary Name | Geojit Credits Pvt Ltd |
| Bank | Axis Bank |
| Branch | Rajaji Road, Kochi |
| Account Number | 081010200010344 |
| IFSC | UTIB0000081 |
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