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| Overdraft |
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| This is a demand credit facility to meet day to day operational requirements. |
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  Features and Benefits |
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OD against hypothecation of stock of goods in trade / raw materials |
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OD limit against assignment of bills receivables / work orders |
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OD against cash collateral |
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OD under earnest money scheme |
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Tenure of OD is one year |
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Easy Documentation. |
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Lower Cost & Fast Processing |
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Easy to use and easy to pay facility |
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Freedom to use limit through Cheque Book, ATM, Online Transfer etc. |
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Any branch banking facilities. |
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Global limit exposure for the client |
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Interest payable on the account utilized. |
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| | Requirements |
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A viable business case for OD facility |
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Collateral securities |
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| | Fees & Charges |
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13% p.a. at monthly / quarterly rests subject to change(s) that may be made by the Bank from time to time. |
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Standard processing fee. |
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