2. What does the bank cover under working capital?
Working capital is fund invested in an entity’s debtors, inventory and expenses payable.

3. What is an overdraft facility?
The bank extends the limit in a current account where the client can withdraw any amount up to the limit sanctioned and the bank charges interest on the amount utilized on a daily outstanding basis.

4. Can I use the loan for other purposes?
No. The facility is only for working capital requirement of the customer. You cannot use it for purchase of long-term assets or other investments.

5. What is the minimum /maximum amount of limit given?
Minimum is Rs. 2,00,000 and maximum is Rs. 25,00,000.

6. Will the bank issue a debit card?
No, a debit card is not issued.

7. Do I get Internet banking facility?
Yes, if you require and request for the facility. You will have to apply for the same while filling up the account opening form. You can also apply later at any branch and charges will be as applicable.

8. Can I make online payments through ?
Yes, once you apply and obtain your login id and password.

9. How is the processing fees paid?
You pay the processing fees only through a cheque.

10. How does one need to pay the amount utilized under an overdraft?
You can withdraw maximum amount upto the limit sanctioned from the overdraft account. You need to pay minimum 5% of the total outstanding amount at the end of each month by the 25th of the following month.

11. What is the duration of the loan?
An overdraft facility will be for 12 months; business installment loan will be for 12-36 months.

12. Does the bank charge interest on the entire loan amount?
No. The bank charges interest only on the utilized amount based on the End of Day (Closing) balance.

13. How does the renewal of facility happen?
The bank will review and renew facility by taking your timely payment of interest, minimum inward cheque returns and credit summation into account. For Normal OD, you need to submit fresh financials whereas for renewal of Power OD facility fresh financials are not required.

14. Can I deposit/withdraw cash from the account?
Yes. You can deposit/withdraw cash as per the rates specified in the schedule of charges accepted at the time of account opening.

15. Do we fund HUF or Partnership firm with HUF as Partner or Trust?
No, we can only fund Proprietorship, Partnership firm with Individual as Partners, Private limited or Limited company.

16. Why all documents are required to be self-attested?
To ensure authenticity of document and also confirm that all documents are submitted by the customer himself.