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Overdraft

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.