Business registration documents, PAN, financial statements, stock & debtor statements, income tax returns, and bank statements.
Yes. It is a revolving facility—you can deposit and withdraw within the sanctioned limit.
Interest rates vary by bank and depend on the applicant’s credit profile and collateral. Interest is usually charged only on the amount utilized.
Generally, no direct switch is allowed. You’d need to close one facility and apply for the other with fresh documentation.
Typically, both CC and OD limits are sanctioned for 12 months and are renewable annually based on usage, performance, and updated financials.
Some banks charge a non-utilization fee if a significant portion of the sanctioned limit is left unused for a long time.
