Overdrafts & CC A/c

Overdraft against Fixed Deposits

  • Limit upto 80% on Fixed Deposit Amount.
  • Rate of Interest + 2% for Individuals & + 1% on FIRM FDR
    For more details contact your nearest Branch.


Overdraft against  NSC / KVP / Govt. Securities

  • Limit upto 80% 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 50 % 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 @ 20 % 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.