OD-General
OD- General is a continuous credit limit allowed for different business purpose to meet up working capital requirement in the business to those concerns who does not maintain stock.
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Features
- This is a continuous loan.
- Continuous drawing and adjustment are possible.
- Any branch transaction is allowed.
- Validity of the limit may be one year or less. It may be renewed for further period at the request of the customer but at bank's own discretion.
- Primary security: Primary security may not be available.
Rate