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Overdraft facility is a financial facility or instrument that enables you to withdraw money from your bank Account (savings or current), even if you do not have any account balance.. Like any other credit facility, the bank levies an interest rate when you avail the overdraft facility. You typically have to pay a fixed interest rate to avail an overdraft limit.

Features Of Overdraft Account.

  • We offer overdraft facilities over a pre-determined limit, which may differ for every borrower. Overdraft limit account is a running account in which you can deposit/withdraw amount any time up to the specified limit Jandhan levies the interest on the overdraft amount used by the borrower at a predefined rate.
  • The interest is Calculated daily and billed /debited to you on monthly basis. The interest amount increases if you default on paying the due overdraft amount.
  • You can repay the overdraft, in different amounts, whenever you have the money.
  • The system of  EMls, which is prominent with most loans, does not exist in the case of overdraft limits
Rate of interest

Calculate your Overdraft Facility

Do your Profit and Loss statement shows you  profit in business.

Documents Required

  • Application Form
  • Most recent 2 years Audited Financial articulations.
  • Most recent a half year Bank Statement
  • Undertaking from Borrower in regards to Laminated Documents (For Takeover Cases)
  • Duplicate of the authorization letter of the current bank (For Takeover Cases)
  • ITR of most recent finished FY
  • eals (VAT) Tax Return of most recent finished FY
  • KYC Documents


Overdraft Services

Overdraft Against House or Property
Overdraft Against
Fixed Deposit
Overdraft Against
Life Insurance Policy
Overdraft Against
Your Salary
Overdraft Against
Your Loan