GST No.: 24AABAT4356N1Z6               

Over Draft Loan Against FD

Eligibility of borrower
  • Any Individual, Proprietorship firm, Partnership firm, Pvt. Ltd. Company, LLP firm [ Except HUF, AOP ] having saving / current account with our Bank complied with the norms of KYC.
  • Must have Fixed Deposits in his own name.
  • Must be a regular / nominal member of the Bank.
Proof of Business in case of firm
  • PAN card, IE Code ,SSI certificate, Shop Establishment License, VAT / TIN / GST No., Udhyog  Aadhar, [ Any 2 ]
  • Copy of license applicable as per nature of business.
  • Notarized partnership deed and firm registration certificate issued by registrar of firms is compulsory in case of a partnership firm.
Purpose of Loan 
  • Personal need / Business development / Working capital etc.
Quantum of finance      
  • Up to 90% of own fixed deposits with accrued interest.
Share Linkage
  • Borrower must have Bank share linkage @ 1% of the loan sanction amount.
Repayment period  
  • Review once in 6 Months and  renewal  in 12 Months
Rate of Interest   FD Rate + 1%
  • Lien of FDR