HDFC Bank announced the launch of an overdraft facility for small retailers in partnership with CSC SPV. Known as ‘Dukandar Overdraft Scheme’. The scheme by HDFC Bank is aimed at helping shopkeepers and merchants ease their cash crunch. According to the bank, retailers operating for a minimum of three years are eligible for the scheme by providing six months bank statement from any bank.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
HDFC Bank will approve an overdraft limit from a minimum of Rs 50,000 to a maximum of Rs 10 lakhs based on the statements. Importantly, HDFC Bank won’t seek collateral security, business financials, and income tax returns from retailers who apply for the scheme.
Important takeaways for all competitive exams:
Jammu and Kashmir (J&K) Bank's share price soared by 7.4% on December 26, 2024, following…
On Christmas Eve 2024, President Joe Biden signed a historic law officially designating the bald…
Billionaires are people with incredible wealth, often reaching billions of dollars. These individuals are often…
Two UK universities, Queen’s University Belfast and Coventry University, have filed applications to set up…
Uttar Pradesh Chief Minister Yogi Adityanath and Defence Minister Rajnath Singh inaugurated the ‘Atal Yuva…
Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant (VSP), has won…