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
The loan with interest should be adjusted at least once in month by the amount of the salary to be credited in SB Account.
Security : NIL
*Subject to change without prior notice.