HDFC Bank has launched the Shopkeeper Overdraft Scheme (Dukandar Overdraft Scheme). Under this scheme, customers will be given the facility of overdraft up to Rs 10 lakh.
There is great news for the customers having an account in HDFC Bank of the private sector. If you also need cash for your business, then now you will get cash up to Rs 10 lakh (Overdraft Facility) without showing any proof. Let us tell you that for this you have to give only 6 months bank statement. The bank has given this special facility keeping in mind the small retailers. Due to the lack of cash in the Corona crisis, the business of many people is suffering a lot. For this special facility, the bank has partnered with CSC SPV.
The bank has named this scheme as Shopkeeper Overdraft Scheme. Customers facing cash crunch will get the benefit of this facility.
Which customers will get the benefit of the
shopkeeper overdraft scheme, those retailers whose business is running for at least the last 3 years. Under this facility, you can take advantage of cash of minimum 50,000 and maximum Rs 10 lakh. The bank said that retailers, shopkeepers and entrepreneurs from villages can take advantage of this facility.
This facility will be available without guarantee.
The most important thing about this scheme is that the customer will not have to show any kind of security or guarantee to the bank. Along with this, there will be no need for business financial and income tax returns to take advantage of this scheme.
Less paperwork required
Along with this, you will not even need to do a lot of paper work to take this scheme. The bank has also kept at least paper work for its process, so that this facility can be given to the customers in less time.
Who will get how much overdraft-
>> Shopkeepers doing business for less than 6 years will get an overdraft of Rs 7.5 lakh.
>> Those customers who are doing business for more than 6 years, those people will get the facility of overdraft of Rs 10 lakh.
>> Will support more than 600 branches and virtual relationship management of the bank
