Categories: Banking

HDFC Bank launches ‘Dukandar Overdraft Scheme’

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.

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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:

Headquarters of HDFC Bank: Mumbai, Maharashtra;
MD and CEO of HDFC Bank: Sashidhar Jagdishan;
The tagline of HDFC Bank: We understand your world.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.