OVERDRAFT FACILITY

Overdraft facility is offered against your Property, Shares and Mutual Funds as collateral.

An overdraft facility allows customers to use or withdraw money from their account upto the approved limit. It works like an approved loan where the interest is charged only on the utilized amount. An overdraft facility helps self employed businessmen to resolve short term cash flow issues.

The interest rate of overdraft loan is calculated on the amount of overdraft used. The amount is calculated daily and billed at the month-end.