Overdraft Facility with Kotak Mahindra Bank

http://www.kotak.com/bank/small-business/loans/overdraft-facility.html

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Overdraft Facility

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Contact Us
Call us on our 24-hour Customer Contact Centre Email Us In today's competitive business world, you need to grab opportunities which knock on your door without being constrained by lack of access to funds or having to take the capital from your investments. At Kotak Mahindra Bank, we understand your business needs and are pleased to bring you our special Overdraft Services - designed to give you hassle-free ready liquidity to meet all your business demands and emergencies smoothly and effectively. You can choose from the following two options:

Overdraft Facility
Explore limitless business possibilities with the Overdraft Services

Tools & Calculators

Nearest Cashnet ATM Nearest ATM

Service Charges Today's Gold Rates Interest Rates for Term Deposits

K-Value
With this facility, you can avail of a completely unsecured overdraft of up to 50 Lakhs! Based on the analysis of your full financials, K-Value is one of the biggest unsecured overdrafts in the market.

Credit Access
This facility allows you to avail an unsecured overdraft upto 10 Lakhs based on the minimum average quarterly balance (AQB) maintained in your current account with us or any other bank. The minimum AQB required to be eligible for Credit Access is Rs.25,000/-

Key Features

Convenience Hassle-free Documentation Control On Interest Easily Available Funds Exclusivity

Features & Benefits

Convenience Operate from one primary account - No need to open a separate account. Hassle-free Documentation No periodic submission of stock statement or FDR required. Control On Interest Pay interest only on the amount that you use. Easily Available Funds In case of an unforeseen business expenditure, you can keep your investments and FDs untouched, thanks to the easy fund access. Exclusivity It offers you competitive features and benefits in the current market scenario.

Who Can Apply

A Current Account with KMBL or with any other bank which is atleast 6 months old, and is the main operative account. Your business must be running for at least the last 3 years. Customers having a KMBL - PL are not eligible. Minimum required AQB is Rs. 25,000 for Credit Access.

Documentation
KYC documents to establish identity, DOB and address. Last 6 months' current account statement. Avail the Kotak Mahindra Bank Overdraft Services and explore limitless business possibilities today!

Tips to optimize Overdraft (OD) funds utilization to your advantage

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29/05/2012 07:25