Overdarft Agriculture/Cash Credit

OVERDRAFT CASH CREDIT /OVERDRAFT AGRICULTURE

Overdraft is an operative account, which is allowed to be operated up to a pre-sanctioned limit. The borrower may remit funds into the account reducing the debit balance or he may draw on the account up to the limit. You can use our overdraft facility to meet the cost of cultivation and working capital activities for farming and allied activities. An authorized overdraft limit is assigned for customers depending on their relationship with the society.

•  Maximum amount for individuals : Rs. 200 Lakhs

•  Repayment period : 30 months

•  Interest rate : 12.50%

•  Security : Equitable Mortgage of property having valuation of twice the amount of the loan

•  Available at all branches

•  No Prepayment penalties