The word overdraft means the act of overdrawing from a Bank account. In other words,the account holder withdraws more money from a Bank Account
than has been deposited in it.Overdraft Limit is the excess withdrawal over the current account ammount. Every current account holder enjoys this
facility, wherin they can borrow in excess of their funds in the account this limit is enhanced or reduced based on the customer's credit
worthiness.Overdraft against Property is a flexible product offering that allows you a combination of a Term Loan and Overdraft facility against resi. or commercial
property. It also allows you to fulfill your short term and long term business requirements, be it working capital requirement or business expansion by
unlocking the potential of your property. This product is useful for professionals, Sole Proprietors, Proprietorship Firms, Partnership Firms or a Pvt.
Limited Company with an annual turnover in therange of Rs. 90 lakh to INR 45 crore.