OD/CC (Overdraft/ Cash Credit)

Service Details.

Overdraft (OD) and Cash Credit (CC) are flexible financing options for businesses looking to meet short-term working capital requirements. These products provide businesses with access to credit limits against their assets, enabling them to withdraw funds whenever necessary, up to a pre-approved limit. They are ideal for businesses that experience fluctuating cash flow or need immediate funds to cover operational expenses.

The OD/CC facility is designed to provide you with immediate access to funds for managing day-to-day operations, paying bills, and managing inventory. With competitive interest rates and easy access to credit, these facilities provide unmatched flexibility.

Key Features:

Frequently Asked Questions:

A: You can withdraw funds through cheques, online transfers, or demand drafts, up to your approved limit.

A: No, there are no prepayment penalties for overdraft or cash credit facilities.

A: Yes, you can request an increase in your limit based on your business’s financial progress and repayment history.

Services Included:

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