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Overdraft Facility in SB Acc

Target Group :

All employees of our Corporate Clients, whose salaries are disbursed through Saving Bank accounts in our Branches.

Purpose : To meet out immediate exigencies.

Quantum of Loan :

Maximum of Rs. 40,000/- or one month’s net salary (rounded off to thousand of rupees on the lower side), whichever is less.

Margin : Nil

Rate of Interest
Period : One Year

Repayment :

The loan with interest should be adjusted at least once in month by the amount of the salary to be credited in SB Account.

Processing Fee

Security : NIL

*Subject to change without prior notice.