This is a demand credit facility to meet day to day operational requirements.
Features and Benefits :
- OD against hypothecation of stock of goods in trade / raw materials.
- OD limit against assignment of bills receivables / work orders.
- OD against cash collateral.
- OD under earnest money scheme.
- Tenure of OD is one year.
- Easy Documentation.
- Lower Cost & Fast Processing.
- Easy to use and easy to pay facility.
- Freedom to use limit through Cheque Book, ATM, Online Transfer etc.
- Any branch banking facilities.
- Global limit exposure for the client.
- Interest payable on the account utilized.
Fees & Charges :
- As per Bank’s prevailing interest rate.
* Please contact nearest SEBL branch or call 16206 for details.