CC Limits & OD

Cash Credit (CC) limits and Overdraft (OD) facilities are financial tools that offer businesses short-term funding flexibility. CC limits provide a revolving credit line against which a business can withdraw funds as needed, usually tied to the company’s working capital requirements. Overdraft facilities, on the other hand, allow businesses to withdraw more than their account balance, providing a buffer during cash flow fluctuations. Both CC limits and OD facilities are crucial for managing operational liquidity and responding to dynamic financial challenges in the business landscape.

Income Tax Objective

Silent Features

Required Document

Generally Required Financial Documents For Self Employed Category

- All Certified Financials Statements for latest 3 financial years.
- Bank statements.
- Business and Personal Profile.
- All Know Your Customer(KYC) Documents.
- All legal and title/Property Documents to be offered as collateral.
- Copy a Partnership deed (Applicable for a partnership Firm).
- Copy of MOA & AA (Applicable for a Private Limited Company).

Generally Required Financial Documents For A Salaried Category

- Latest 3 months company certified Salary Slips.
- Latest 3 years company certified FORM No 16.
- Latest 3 years Income Tax Returns.
- Bank Statements.
- All Know Your Customer(KYC) Documents.
- All legal and title/Property Documents to be offered as collateral.

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