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Star_Overdrafts_Facility

Announcements

Dear Customer, please note that Prime lending Rate (PLR) has been revised from 10.00% to 10.25% P.A w.e.f 23.11.2018 View More...

Financial Intelligence Centre, South Africa

Reserve Bank Of India

South African Reserve Bank

Bank Of India, Head Office

Exchange Rates

Star Overdrafts Facility.

Our Star Overdrafts facility is a revolving credit assistance extended to the Corporate (Non-individual) customers, for business purposes. This facility enables our customers to manage their funds in most efficient manner and usage of credit facility as and when required. The key futures of the product are:

Who can Open?

"Corporate entities like Proprietorship Firms, Partnership Firms, Limited Companies, Associations, Trusts, Societies etc."
Purpose of Account Business Purposes/working capital needs
Account to be opened in (currencies) ZAR
Interest Rate(s) Linked to prevailing Prime overdraft rate
Interest Rate(s) for Over limits/WAE 2% Over & above Normal Rate of interest
Provision for earmarking of limits for other facilities Yes