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Business Overdraft / Cash Credit
 

Purpose

On  against  Business man , Industrialists,  Contractors,  Professionals, Self Employers , Planters  etc

Amount

Maximum Rs. 40 lakhs

Rate of Interest

Penal Interest 

15.5 %

2 %

Duration

1 Year  , if the transactions  in  cash credit account is Promptly  running  yearly  renewable  is possible

Security

Landed  property
On  the  security  of  gold  up  to  Rs. 25 Lakhs  will  be granted . (ie , 70 % of value of gold)

 
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