ICICI Bank launches new products for NRIs at its GIFT City branch

Loan against Deposits is a loan in foreign currency against a deposit in India (including Rupee NRE FDs). The customers can avail LAD for their short-term cash requirement without having to prematurely close their term Deposits and thereby avoid paying a penalty for breaking the deposit. They can avail loans up to 95% of their deposit value.

from Banking/Finance-Industry-Economic Times https://ift.tt/ECZaDVd