8861186800 [email protected]

Overdraft Account

Overdraft service for business demands and emergencies.

  • To meet urgent financial needs
  • Business demand/Development
  • A Current Account with our Bank or with any other bank which is atleast 6 months old, and is the main operative account
  • Your business must be running for at least the last 3 years
  • Age below 60 years
Interest Calculation Method
  • Daily Balance method
  • Considering 50% of the total property valuation.
  • Collateral Security in the form of Building, Shopping Complex, Plot etc.
  • I.T.R. – 3Years, Balance Sheet and Profit & Loss Account
  • All Original Documents
  • Udyam registration Copy 
  • Proof of ownership of Residential or Commercial Property (including Parental Property) in select locations
  • Latest 6 months Bank statement of Business needs to be added.
  • Proof of Identity and Residence
  • KYC documents to establish identity, DOB and address.
  • Tax paid receipts
  • Licence Copy
Over Draft against Term Deposits available
  • Rate of Interest
  • Plus 2% on Term Deposit ROI