LOANS AND ADVANCES
Sugama (Akshaya) Overdraft Scheme
KSFE Sugama Akshaya Overdraft Scheme is an overdraft facility for employees of Government organizations, Public Sector undertakings, and Aided Schools/Colleges on the basis of their own salary certificate.
PURPOSE OF THE SCHEME
- Provide an overdraft facility to Government Employees, employees of Public Sector undertakings and Aided Schools/Colleges
- Eligible individuals can avail of an overdraft facility with a maximum limit of Rs. 5,00,000/-.
- In cases where both partners are employed and fall under the above-mentioned categories, they can collectively avail of an overdraft facility of up to Rs. 10,00,000/-.
- Borrowers can choose any branch of their preference to avail of this overdraft facility.
FEATURES OF THE PRODUCT
Sugama (Akshaya) overdraft scheme is a low cost overdraft scheme that helps government employees and others meet their financial needs.
01.
Can avail from any branch
02.
Deposit and withdraw from any branch
03.
Normal sugama akshaya overdraft interest will be 13% daily diminishing (Conditions Apply)
04.
Credit balance accounts have 4.5% interest (based on min. balance)
Interest Rates
Select...
Rates are indicative and may vary due to market conditions
