The Udaipur Mahila Samridhi
Urban Co-operative Bank Ltd.
The Udaipur Mahila Samridhi Urban Co-operative Bank Ltd. provides Business OD (Overdraft) Limit facilities to traders, business owners and entrepreneurs for managing working capital requirements and smooth business operations.
Business OD Limit facility helps customers manage day-to-day business expenses, stock requirements, operational cash flow and urgent financial needs.
The Bank offers overdraft facilities against eligible mortgage security with flexible usage and renewal options.
OD Limit eligibility depends upon business turnover, repayment capacity, security value and banking norms.
Helps businesses manage daily operational expenses efficiently.
Customers can utilize overdraft funds as per business needs.
Affordable OD interest rates based on sanctioned limit.
OD limits available against eligible equitable mortgage security.
Faster assessment and approval process for business customers.
Annual renewal facility with periodic documentation updates.
| OD Limit Range | Interest Rate | Validity |
|---|---|---|
| Limit up to ₹25 Lakhs | 9.25% | One Year |
| Limit above ₹25 Lakhs to ₹100 Lakhs | 9.75% | One Year |
| Limit above ₹100 Lakhs to ₹150 Lakhs | 9.75% | One Year |
Aadhaar Card, PAN Card, Passport, Voter ID etc.
GST Registration, Shop License, MSME Certificate etc.
ITR, Balance Sheet, Bank Statement and Income Proof.
Property papers, valuation documents and mortgage related records.
Business OD Limit sanction and renewal are subject to eligibility, repayment capacity, mortgage valuation, documentation verification and applicable rules of The Udaipur Mahila Samridhi Urban Co-operative Bank Ltd.