Cash Credit

Last three years balance sheet
Copy of income tax return
copy of Partner’s personal return
Memorandum and Article of Association in case of limited company, resolution for loan application.
3 Photographs of Applicant
Applicant’s Pan card / Partner’s Pan Card / Limited Company’s Pan card
Bank statement of last 2 years
Address proof – electric bill /telephone bill (any one)
Photo proof – Pan card / Voter card / Driving license (Any one)
Applicant has to show all original documents to the bank for verification with Xerox copy.

Photograph-two copies
Last tax bill
Last income tax return copy
Address proof – electric bill /telephone bill (any one) As per KYC norms
Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norm

The development of business, Cash Credit Limits are granted against the Hyp.of (Hyp. Stock/ Book debts) Stock and goods.
Such stock should be fully paid. No limits is granted against unpaid stock.
The borrowers are required to submit stock/bookdebts statement every month regularly.
Applicant will have to take insurance in favour of bank.
Applicant is required to submit stock statement creditors list and statement of book-debts on monthly basis and the copy of balance sheet as on 31st march every year.
The repayment of overdraft/ cash credit facility is to be granted to the maximum period of 12 months. It can be renewed subject to approval of Bank’s Management.