Overdrafts may be sanctioned to the Individual nominal / Associate members of the Bank for their business such as Contract, Trading activities, Kirani business, Petty Trade and any other such business undertaken by an individual.
He should be a depositor of the Bank for minimum period of 6 months for his eligibility to avail of overdraft facility.
The Bank may sanction a clean overdraft limit upto Rs. 25,000/- to one Individual. However, limits in excess of Rs. 25,000/- shall be fully secured by way of Bank Deposits / Other Securities.
*Rules are subject to change from time to time. For further details please contact nearest branch.