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Grievance Redressal
Gold Loan

Scale of Gold Loan Amount & Parameters

Revised Policy effective from 21.01.2026 until further order

Parameters Existing Policy (23.09.2025) Revised Policy (21.01.2026)
Eligibility Well introduced nominal member or existing ordinary member. No Change
Purpose Agri, non-agri, personal, or any other purpose approved in by-laws (except speculative). Updated Requirement
  • Agriculture: Must produce copy of document regarding land (ROR).
  • Overdraft (OD): Business and personal purpose only.
Ceiling of Loan - Revised
₹ 4,00,000/- (Bullet Repayment method)
Total Limit: ₹ 5,00,000/- (Combined OD & Bullet against nominal membership)
Basis of Valuation (per 10g) Hallmark & Non-Hallmark:
₹ 95,000/- (Net weight of gold contents) 		New Valuation Scale
  • Hallmark Gold: ₹ 90,000/- (Bullet/OD/Term)
  • Non-Hallmark: ₹ 88,000/- (Bullet/OD/Term)
Rate of Interest To be compounded at monthly rests. Current Rates
  • 9.10% p.a. (Agriculture with land docs)
  • 9.30% p.a. (Non-Agri/Personal/Business)
  • 9.40% p.a. (Overdraft against gold)
Note: Compounded at monthly rests.
Repayment & Recovery 12 months. Public auction if not repaid within due time. No Change
Linking of Share Upto 5L (Nominal). Above 5L (Ordinary member @ 2.5%). Subject to prior approval of Bank Authority for any modifications.
Title of Ornaments True owner only. No advance to money lenders against re-pledge. No Change