Retain Your Wealth & Returns

Pay Interest Only on What You Use

Digital Portfolio-backed Approved Limit (D-PAL)


Bank’s “Digital - Portfolio backed Approved Limit" facilitate investors with instant Overdraft (OD) facility without liquidating securities. This scheme allows investors to leverage their financial assets (listed Shares, Mutual Funds -Equity/Debt & SGBs) to meet any urgent financial needs for legitimate purposes.

  • Benefits
  • Features
  • Eligibility
  • Documents Required
  • Fees & Charges
  • Terms and Conditions

Digital Portfolio-backed Approved Limit (D-PAL) : Benefits

  • Paperless End-to-End Process (Including Digital Pledge facility)
  • Higher Advance Limit up to 85%
  • Wider coverage of Securities – Listed Shares/MFs/SGBs
  • No Prepayment Charges
  • No Requirement of Income documents
  • Multiple Demat Accounts Accepted

Digital Portfolio-backed Approved Limit (D-PAL) : Features

  • Facility Type: Overdraft
  • Purpose: For any legitimate purpose
  • Age Criteria: Minimum: 21 Years; Maximum: 70 years (Age at Entry)
  • Advance Limit:
    Minimum: Rs. 1,00,000/- (One Lakhs)
    Maximum: Rs. 1,00,00,000/- (One Crore)
  • Limit Tenure:
    12 months
  • Rate of Interest:
    Floating rates ranging from 9.40% to 10.25%
  • Retain Your Wealth & Returns:
    Get digital advance facility without liquidating your investments. You continue to earn dividends, bonuses, and benefit from the capital appreciation of your pledged securities.
  • Pay Interest Only on What You Use:
    Structured as an Overdraft (OD) facility. You only pay interest on the utilized amount and for the exact number of days you use it.
  • Daily Dynamic Limits:
    Your drawing power is automatically updated daily based on the lower of previous day's closing prices/180 days average price, maximizing your available liquidity.
  • Multiple Demat Accounts Accepted:
    Pledge your securities from any existing Depository participant (DP) with holdings with NSDL.
  • Highly Competitive, Bureau Score-Linked Rates:
    Enjoy attractive interest rates linked to your CIBIL score.
  • Zero Prepayment Penalty:
    Prepay or close your loan anytime with absolute zero prepayment or foreclosure penalties.
  • Highly Inclusive Credit Policy:
    Readily accommodates “New to Credit” applicant with CIBIL scores of (-1) or (0).
  • Wide Collateral Range:
    Accepts a variety of dematerialized securities, including approved shares (800+), mutual funds (both Equity & Debt), and SGBs.
CIBIL Score Effective ROI**
800 & Above 9.40%
771 - 799 9.75%
726 - 770 10.00%
701 - 725 10.25%
(-1) / 0 10.25%

Digital Portfolio-backed Approved Limit (D-PAL) : Eligibility

  • Existing to Bank Resident Individual having active demat account with any depository participant with holdings with NSDL
  • Minimum Age – 21 years
  • Maximum Age – 70 years

Digital Portfolio-backed Approved Limit (D-PAL) : Documents Required

  • Email ID & Mobile number should be mandatorily available with Bank of Baroda
  • PAN seeding with Bank is mandatory
  • Customer must be KYC compliant as per Bank
  • Registered Email ID, Mobile Number & DOB with Depository Participants (DPs)
  • DP ID & Client ID (holdings should be in NSDL depository only, currently CDSL is not live with D-PAL)
  • Aadhar Number for e-signing of Loan Documents.
  • Aadhar Registered Mobile Number for e-Sign
  • Web camera for clicking pictures and Performing video KYC / Selfie

Digital Portfolio-backed Approved Limit (D-PAL) : Fees & Charges

  • Processing Charges:
    Rs. 1999/- plus GST (inclusive of pledge and other charges)
  • Stamp Duty:
    As per state stamp act.

Digital Portfolio-backed Approved Limit (D-PAL) : Terms and Conditions

  • Processing Charges:
    Rs. 1999/- plus GST
  • Renewal Charges: Rs. 499/- plus GST (The OD facility will be renewed annually by visiting Branch)
  • Stamp Duty:
    As per state stamp act.
  • Processing charges are mandatory to be borne by the customer post successful pledge.
  • Penal charges:
    Penal Charges @ 2% p.a. will be charged on the amount of default for.
    NOTE: Penal charges will be applied solely to overdue payments (instalments and/or interest/service charges etc.), for the period they remain unpaid beyond their due date. Penal charges will be calculated based on the actual number of days of default but will be debited on a monthly basis.
    Penal Charges @ 2% p.a. will be charged on the outstanding balance of credit facilities of borrower for the default period for following nature of non-compliance:
    a. non-submission of documents as per sanction terms
    b. Non-compliance in security perfection as per sanction terms.
Mark to Market Margin
  • Margin will be daily reviewed through CMFS and drawing power will be automatically updated in Finacle at the beginning of day (BOD).
  • In case of breach of LTV, the CMFS will send the email/SMS to the borrower with intimation to the concerned branch to deposit margin within timelines as under.
  • Concerned Branch to follow up with Customer to get the requisite margin or additional securities

Equity Shares LTV Borrower to regularize the account within the period, as mentioned below, (Bank may sell the pledged securities after that)
Category A Above 60% & up to 70% Maximum on T+4th Day of LTV Breach
Above 70% & up to 75% Maximum on T+3rd Day of LTV Breach
Above 75% Maximum within T+2nd Day of LTV Breach
Category B Above 55% & up to 65% Maximum on T+4th Day of LTV Breach
Above 65% & up to 70% Maximum on T+3rd Day of LTV Breach
Above 70% Maximum within T+2nd Day of LTV Breach
Category C Above 50% & up to 60% Maximum on T+4th Day of LTV Breach
Above 60% & up to 65% Maximum on T+3rd Day of LTV Breach
Above 65% Maximum within T+2nd Day of LTV Breach
LTV Breach
For SGB / Equity MFs Borrower to regularize the account within the period, as mentioned below, (Bank may sell the pledged securities after that)
Above 75% & up to 80% Maximum on T+4th Day of LTV Breach
Above 80% & up to 85% Maximum on T+3rd Day of LTV Breach
Above 85% Maximum within T+2nd Day of LTV Breach beyond 65% or 85%
LTV Breach
For Debt MFs Borrower to regularize the account within the period, as mentioned below, (Bank may sell the pledged securities after that)
Above 85% & up to 88% Maximum on T+4th Day of LTV Breach
Above 88% & up to 90% Maximum on T+3rd Day of LTV Breach
Above 90% Maximum within T+2nd Day of LTV Breach
  • The customer will not be able to reclaim any pledged securities which are once invoked (Either sold or pending to sell).
  • On event of sale of securities, due to non-maintenance of LTV, as mentioned in above table, Bank of Baroda reserves the right to sell the securities in marketable lots, in parts/total, as it deems fit to make the account regular/recover the Bank’s dues.
  • Upon sale of securities, the drawing power should be reduced in the account instantly.
  • In case of failure in paying the margin amount and/or pledging additional securities within -4- days, borrower to provide a Mandate to sell, in number & in order of securities.
  • In absence of all the above-mentioned -3- actions, under point 7, by borrower, & if the account is not regularized within -7- days, as per RBI guidelines
    • Bank reserves its right to invoke and sell the securities, in parts/total to recover its dues. While invoking and selling securities, the Bank may use its own discretion in selling securities.
    • Post selling of securities, excess amount, if any, will be credited in the borrower’s operative account.
    • If the amount is still not fully recovered, borrower must arrange for the difference amount & pay the dues to the Bank. If there remains any deficit in post selling of securities, legal actions may be initiated to recover that amount.

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