Overdrafts & CC A/c

Overdraft against Fixed Deposits

  • Limit upto 85% on Fixed Deposit Amount.
  • Rate of Interest + 2% for Individuals & FIRM FDR

        For more details contact your nearest Branch.

Overdraft against  NSC / KVP / Govt. Securities

  • Limit upto 75% on Security Amount.
  • Rate of Interest   12%

      For more details contact your nearest Branch.

Overdraft against Property Mortgage
       Eligibility Criteria :

  • For the purpose of Business.
  • Loan maximum up to 70 % Valuation of the property by the Bank’s approved valuer .
  • Property offered for mortgage requires Titles Clearance certificate from Bank’s approved advocate ( This requires before disbursement of loan ).
  • Amount of Credit Facility will depend upon the nature of business of the applicant and the  worth of the personal guarantees offered.
  • Personal Guarantee of at least two persons having income / asset expectable to the Bank.

      For more details contact your nearest Branch.

Cash Credit against Stocks & Book Debts
        Eligibility Criteria :

  • For the purpose of Business.
  • Maximum credit facility @ 30 % of the Annual Sales Turnover. (Own contribution @5% of the C.C. Limit sanctioned is required).
  • Amount of Credit Facility will depend upon the nature of business of the applicant,  offering of collateral security  and the  worth of the personal guarantees.
  • Personal Guarantee of at least two persons having income / asset expectable to the Bank.

      For more details contact your nearest Branch.