70% of the value of the gold ornaments as valued and certified by the valuer approved by the Bank. 30% is kept as margin.
Period of Re-Payment :
Relaxation can be made and re-payment period increased on justifying ground by H.O.
The applicant should be a Nominal Member.
The applicant should agree to pay the charges of the valuer and also incidental charges as prescribed by the bank.
The Valuation Certificate should clearly indicate the description of the ornaments, net weight of the gold content exclusive of stones, lac alloy, strings, fastening etc and the value of the gold at the prevailing market price.