OVERDRAFT TO TRADERS AND WHOLE SELLERS
- Eligibility – All types of whole sellers and traders in business
- Quantum – 50% of total value of stock & book debts may be considered as the permissible limit
- Tenure: Period of 1 year subject to review/renewal
- Interest Rate : 14%
OVERDRAFT TO CIVIL CONTRACTORS
- Eligibility – All contractors who are awarded work.
- Quantum – 20% Margin of the Work Order Value.
- Tenure: One year or till the validity of the contract on hand
- Interest Rate: 14%
OVERDRAFT AGAINST TDR
- Eligibility – The Bank may grant a loan to a Term Deposit holder of the bank treating the Deposit as its security. The loan should be given to the Depositor on the strength of the deposit receipts
- Quantum – 90% of the term deposit value.
- Tenure: 1 year or till the validity of the TD/RD
- Interest Rate: 1% over and above the deposit rate
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Foreign Exchange Rate
|Exchange Rate for 20.01.2017 (kindly note that the above mention rates are only for notes)|