To manage day to day operational expenses and to align any temporary liquidity mismatch, Corporates can avail themselves of the Cash Credit or Overdraft facility from Axis Bank. Cash Credit is a facility through which the Bank lets the corporate over draw its account over and above the corporate's own funds up to the assessed drawing power.


Features &

Features & Benefits

  • imgCash credit is a drawing power (DP) based facility available for up to 6 months with monthly interest payments
  • imgThe drawing power is calculated basis the stock availability, debtors, and creditors of the Corporate
  • imgWithin the available drawing power, a corporate is free to draw down any number of times
  • imgThese types of facilities are a ready line of credit available “on tap”
  • imgThis facility works just like a current account where funds can be used either by issuing cheques or through online transfers like NEFT/RTGS, etc
  • imgThe interest rates on these facilities are linked to the bank's Marginal Cost of Lending Rate (MCLR)
  • imgCorporates pay interest only for the time and the amount the facility is availed for
contact person

Contact Us

To avail the facility, please visit our nearest Branch/RM