Yes Bank Overdraft Facility

Hello sir I am Chetan , can you please give me the information about Overdraft Facility of Yes Bank???

[Shaleen]

Loan against Securities (LAS) is a unique Overdraft Facility provided against the pledge of securities.

LAS is available against the following securities :
Dematerialized Shares
Mutual Funds (Equity/Debt)
Fixed Maturity Plans (FMP)
Exchange Traded Funds (ETF)
Insurance Policies (LIC/Pvt)
Bonds
NSC / KVP

Benefits :
Easy access:
Separate current account with Cheque book & Internet Banking Facility
Repayment:
Pay back the principal amount used in parts or as a lump-sum conveniently. Interest statement generated every month and payable monthly.
Interest:
Interest charged only on amount outstanding and for the same number of days.
Sale of pledged shares:
Facility to sell pledged shares through YES BANK - proceeds credited to LAS overdraft account.
No foreclosure charges:
There are no pre-payment or foreclosure charges.

Documents required for this are:
Two copies of PAN card.
Two copies of latest passport size photographs
Two copies of address proof
One copy of latest holding statement of shares
One copy of client Master List
Last 3 months’ bank statement