Circular Date - 02 May 2023
Applicable Branches - All
From 08th May 2023 new jewellery valuation policy will be implemented.
- Maximum deviation allowed is 1 carat
- All loans above 1 carat deviation will be rejected by the bank on the same day
Below are the specified limit of the gold loans
- For Agri loans the max LTV is 80% of Gold Value
- For Non-Agri loans the max LTV is 75% of Gold Value