Overdraft Limit Facility

Overdraft Limit Facility to Salary Earners

Beneficiary

The beneficiary will be a regular/permanent employee of Punjab Govt., Semi Govt., Autonomous Bodies, Boards and Corporations, Apex, District, Cooperative Institutions or any other organization with the approval of BOD, whose salary is being credited in the saving account of bank branch.

Loan Limit

Maximum 4,00,000/-.

Rate of Interest*

14%

Repayment Period

Renewable each year.

Collateral Security

Two Good Sureties as per satisfaction of the bank.