SME Loans
 
Business Loan Home Loan Personal Loan Loan Against Property Commercial Vehicle Finance
State Bank of India Overdraft

Overdraft

  About State Bank of India
Apply Now for Overdraft

The Bank is actively involved since 1973 in non-profit activity called Community Services Banking. All our branches and administrative offices throughout the country sponsor and participate in large number of welfare activities and social causes. Our business is more than banking because we touch the lives of people anywhere in many ways. 

Documents Require for Overdraft

Overdraft Interest Rate

Basic Common Documentation

  • Proof of Identity: PAN Card, Voter Id Card, Passport, Driving License
  • Proof of Address: Latest Telephone Bill or Electricity Bill

Public or Private Limited Companies

  • Certificate of Incorporation and Commencement of Business
  • Memorandum and Articles of Association
  • Board resolution authorising the opening and operation of the account
  • PAN or GIR No. or completed Form 60
  • List of Directors with residential addresses

Partnership Firms

  • Partnership Deed and Registration Certificate
  • Shop and Establishment Certificate
  • Letter from partners approving the persons concerned to open and operate the account

Proprietorship Concerns

  • Certificate from State Govt or Statutory Body or Trade License or Sales Tax Certificate or Shop and Establishment Certificate
  • Letter of proprietorship, duly signed by the proprietor in his or her individual capacity (with a rubber stamp)Hindu Undivided Family
  • Letter of HUF duly signed by Karta and all Co-Parceners
  • PAN or GIR No. or completed Form 60
  • Names of Karta and Co-parceners with residential addresses
  • Latest passport-size photographs of all the authorized signatories

Trusts

  • Copy of the trust deed
  • Copy of the registration certificate
  • Copy of the resolution by the trustees authorising the members concerned to open and operate the account
  • List of Trustees with residential addresses
  • Photographs of the members operating the account Associations or Clubs
  • Bye-laws of the association or club
  • Certificate of Registration
  • Copy of the resolution by the Board authorising the members concerned to open and operate the account
  • Photographs of the members operating the account
8.75% - 14%

Overdraft Processing Charges


N.A.
       
 
 XML Sitemap   RSS    ROR Sitemap      Protected by Copyscape Web Plagiarism Scanner