Loan Against Securities (LAS) - Benefits

• Corporate Action benefits like bonus, dividend etc continue to accrue to the borrower.
• Any appreciation in the value of the Securities given as margin would automatically allow enhancement in drawing power.
• Interest will be calculated on the amount utilized & the actual period for which it is utilized.
• Clients can view their financial statement and holdings online.

• Client has to open a bank account and Demat account with Nirmal Bang Securities Pvt Ltd both under POA with us.
• Trading account should be opened with Nirmal Bang Securities Pvt. Ltd.
• Loan agreement to be duly filled up and signed therein.
• 2 Copies of PAN card
• 2 Copies of Address Proof
• Two passport sized photographs
• Copy of latest two years ITRs
• Two Undated dated cheques, one for principal & other for interest in the name of Nirmal Bang Financial Services Pvt Ltd
• Cheque of Rs.590/- towards the loan documentation charges (including GST)
• Cheque of Rs 10000/- in favour of bank as minimum balance, this cheque will be credited in client’s name in bank a/c only.
• Bank statement with last 6 months transaction.
• Vernacular Declaration

All documents as mentioned in point no 1 to 12 in case of individual are required. Additional documents to be collected, in case of corporate clients:

• Copy of annual report of last two years
• Memorandum and article of association
• List of directors with their specimen signature
• Two photographs of all the directors.
• Share holding pattern till base level
• Board resolution on letter head of the company (authorizing for Borrow and to give above POA)

Kindly note

• All documents should be self attested
• All Photographs and signatures should match with the proof given
• Additional documents need to be submitted in case of any discrepancy is noticed.

Grievance Redressal officer

1. In case of any complaints / grievances the customer may contact the Complaint Redressal Official at the below contact details:

2. If the complaints /dispute is not redressed within a period of one month, the customer may appeal to the Officer-in- Charge of the Regional Office of Reserve Bank of India under whose jurisdiction our company is registered at the below mentioned address::