HDFC Bank to offer digital online loans against securities

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HDFC Bank on Wednesday launched an instant digital loan against securities (LAS) facility in collaboration with the National Securities Depository (NSDL). The bank said customers can avail themselves of overdraft facility against shares in three steps — select the shares to be pledged on net banking; accept agreement through one-time password (OTP); and pledge the shares with NSDL online through OTP.
Read more at Outlook India.

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