Eligibility :

• Co-operatives Societies with upto date Audit Report or Proprietorship/Partnership Firm or any Private/Limited Company or Account holder of the Branch.

Limit :

• The limit may be determined on the basis of last 3 year working performance as per the Audit Report of the applicant along with the project report prepared by a CA subject to the exposure limit of the bank..

Drawing Power:

• It will be fixed on monthly basis by the bank depending on the last month’s stock statement

Repayment:

• Repayment will be done on negotiable basis.

Interest:

• Interest will be charged on the bank’s prescribed rate on the amount withdrawn on daily basis and compounded monthly.

Renewal:

• Limit may be sanctioned for one year & there may be provision for renewal.