Overdrafts & CC A/C

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Overdraft Against Hypothication / Book Debts
Limit per Borrower: Maximum Limit For Individual/HUF/Trust Rs.3 Crore (If 80% security) else 2.50 Crore (If 70% security)
Maximum Limit For Pedhi/Company Share holder Rs.2.50 Crore
Rate of Interest :

9.50%(If account is reguar and renuwed time to time and limit is 25 lakh above .

than customer can apply for 9.00% rate after one year.)

Guarantors : Two guarantor (Property Holder)
Security : Stock/Book Debt. (Subject to verification)
Collateral : Immovable Property,Deposits,Govt.security,Insurance policy
Overdraft Against Cash Credit / Ind. Book Debts
Limit per Borrower: Maximum Limit Rs.5 Crores
Rate of Interest : 11%
Guarantors : Two guarantor (Property Holder)
Security : Stock./Book Debt (Subject to verification)
Collateral : Immovable Property, Deposits, Govt.security, Insurance policy
Overdraft Against Deposit
Limit : Upto 85%. Of Deposit amount.
Margin : 15%
Duration Of Loan: Up to the maturity of F.D.
Rate of Interest : 1% more than FD rate.(For Own FD)
1.50% more than FD rate.(For Third Party FD)
Overdraft Against Government Security
Limit : Upto 75%. Of Security
Margin : 25%
Duration Of Loan: Up to maturity of the security offered.
Rate of Interest : 11%