Cash Credit / Overdraft Facility:
We offer Cash Credit to various segments of customers for their working capital requirement. This is a fund based facility to fulfill working capital requirements of the business.
- Cash credit Limit: Need Based – Within the bank’s exposure Ceiling.
- Facility provided to fulfill need of working capital needs.
- Repayment: On demand – to be renewed annually at the discretion of the Bank subject to satisfactory conduct and compliance of the sanction covenants.
- Rate of Interest and Margin: As per Bank’s policy reviewed from time to time.
- The Account should be operated for atleast Six Months with satisfactory turnover. Bank would make Assessment of Working Capital based on the Actuals /Audited financials.
- Duly filled-in Account Opening form.
- Latest Official Valid Documents [any Two] duly self attested by proprietor/ partner / authorized signatory: AADHAR, Passport, Driving License, Gas Connection Card, Electricity/ Telephone Bill, Voter Id, Ration Card Other Bank Account statement [last three months]
- Latest Official Valid Documents [any Two] duly self attested
Firm: Registration certificate of business, Registration certificate of VAT/TIN. MOA & AOA [if applicable], BYE-LAWS [if applicable], Deed of Trust / Partnership [if applicable], Resolution, IT Returns, Electricity/ Telephone Bill, etc.
**”Conditions Apply. Loan at sole discretion of the Bank”
‘For more information, terms and conditions please contact to nearest Branch’