The facility is primarily intended to provide liquidity to investors to meet contingencies/personal needs or for subscribing the right/new issues of shares or for purchase in the secondary market.

The quantum of loan in the scheme will range from the minimum of Rs 50,000 to maximum of Rs 20 lakh per borrower, with a margin of 25 per cent of the market value of the shares pledged.

The loans under the scheme will be priced at 16 per cent (ex-tax), with nominal service charges. The loan is to be repaid within 18 months in monthly/quarterly/half yearly installments, the bank said in a release.

The scheme will be implemented in the entire network of the bank's metro/urban/port-town branches and selected semi-urban branches.