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.  

ProductMaintenance 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:

Beneficiary NameGeojit Credits Pvt Ltd
BankAxis Bank 
BranchRajaji Road, Kochi
Account Number081010200010344

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