Overdraft facility in Savings Bank accounts is available to all employees of our Corporate clients / Institutions / Organisations for meeting their exigencies and whose salaries are disbursed through Savings Bank accounts of our Branches.
  

Overdraft is allowed upto Rs.40,000/- or one month net salary, whichever is less.
  

No margin stipulation and no moratorium period.
 

Documentation in a booklet form.
 

Loan to be adjusted at least once in a month by the amount of salary to be credited to the account.
 

Rate of interest: PLR+0.50%
 

No Processing Fee.
 

Security: Undertaking from employer to credit monthly salary.