Clean Overdraft

Clean Overdraft is an overdraft facility wherein overdraft amount can be utilized for working capital needs. The primary security herein is the property and stock and debtors are considered as collateral security. Further, there is no requirement of submission of monthly stock statement and calculation of monthly drawing power, since the stock statement is to be submitted annually.

AGRICULTURAL INCOME BASED OVERDRAFT LIMIT

The OD Limit is ascertained based on the income from agricultural land. The security to be given can be any other property other than agricultural land. The primary security herein is the property and stock and debtors are considered as collateral security. Further, there is no requirement of submission of monthly stock statement and calculation of monthly drawing power.