Overdraft Facility

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Overdraft Facility

The overdraft facility represents the limit up to which a customer is authorized to overdraw his account by prior arrangement with the Bank. Such facilities are normally granted to meet working capital requirements arising from the customer’s operating cycle. Hence regular credits into the account or periodical clean ups are expected.

Required Documents: (Upon review of the documents, further documents might be required)

  • Application form
  • Benefit form
  • Applicant CV
  • Smart Card copy & details
  • Passport copy
  • CR copy
  • Memorandum and Articles of Association. (if applicable)
  • 6 months Bank Statement of individual/entities.
  • 3 years Audited financial statement.

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