Overdraft & Cash Credit Facility
Flexible working capital solutions to fuel your business growth.
Overdraft & Cash Credit Facility
The Overdraft Facility / Cash Credit offered by RashtrakutaSouharda Co-operative Society Limited is designed to support businesses and professionals in managing their short-term financial requirements and working capital needs.
Business operations often involve fluctuating cash flows, where immediate funds may be required to purchase inventory, manage operational expenses, or meet urgent financial commitments. This facility allows eligible members to withdraw funds from their account beyond the available balance up to a sanctioned credit limit.
By providing flexible access to funds, the Overdraft / Cash Credit facility helps members maintain smooth business operations while ensuring responsible financial management.
Facility Highlights
Flexible Credit
Meet short-term working capital needs with a revolving credit facility.
Pay for Usage
Interest is charged only on the specific amount utilized, not the total limit.
For Professionals
Specially designed for businesses, traders, and registered professionals.
Purpose of the Facility
- Managing day-to-day business expenses
- Meeting short-term operational requirements
- Managing cash flow gaps
- Working capital for business activities
Eligibility Criteria
| Criteria | Requirement |
|---|---|
| Age | Minimum 21 Years |
| Financial History | Minimum 3 Years IT Returns |
| Membership | Exclusively for Society Members |
| Other Charges | Processing & Prepayment as per Bank Rules |
Technical Specifications
| Credit Limit | Up to Rs. 2 Crores |
|---|---|
| Repayment Period | 1 Year / 12 Months |
| Eligibility | Min 21 Years + 3 Years IT Returns |
| Processing Fees | As per Bank Rules |
| Prepayment Clause | Applicable as per Society Policy |
Required Documentation
- Duly filled credit application form
- Identity Proof (Aadhaar / PAN / Voter ID / DL)
- Address Proof & Recent Passport Photos
- Business Registration or Proof of Business Activity
- IT Returns and Financial Statements (3 Years)
- Bank Account & Stock Statements
- Property Documents or Collateral Details
Ready to grow your business?
Visit your nearest branch for interest rates, processing charges, and more information.
