Vaishya Sahakari Bank Ltd. offers Overdraft facilities against the security of National Savings Certificates (NSC), Surrender Value of Life Insurance Policies, and Government Securities to meet your short-term financial requirements. This facility allows you to access funds conveniently while keeping your investments intact.
Features & Benefits:
- Loan Security: Overdraft limit sanctioned against the pledged NSC, LIC policy (Surrender Value), or approved Government securities.
- Flexible Usage: Withdraw and repay as per your financial needs within the sanctioned limit.
- Attractive Interest Rates: Competitive rates of interest on the utilized amount.
- Quick Processing: Hassle-free approval and minimal documentation.
- Retain Ownership: Continue earning benefits on your pledged securities or policies.
- Ideal for Individuals & Businesses: Suitable for meeting working capital, personal, or emergency financial needs.
Eligibility:
- Existing account holders of the bank.
- Individuals or firms holding valid NSCs, LIC policies, or Government securities in their name.
Documents Required:
- Duly filled application form.
- NSC certificates / LIC policy documents / Government securities proof.
- KYC documents (ID and address proof).
- Income proof (if applicable).
