An overdraft occurs when there isn't enough money in an account to cover a transaction or withdrawal, but the bank allows the transaction anyway. Essentially, it's an extension of credit from the financial institution that is granted when an account reaches zero. The overdraft allows the account holder to continue withdrawing money even when the account has no funds in it or has insufficient funds to cover the amount of the withdrawal.

Due to the nature of international dealings, including factors such as distance, differing laws in each country, and difficulty in knowing each party personally, the use of letters of credit has become a very important aspect of international trade.

Dropline Overdraft is a very unique product that allows a borrower to overdraw cash from his/her current account up to an agreed/sanctioned limit, wherein the withdrawal limit reduces each month from the sanctioned limit. The interest rate will be calculated on the withdrawn cash and not on the total sanctioned DOD ( Dropline Overdraft) limit. Everytime you deposite the money the outstanding balance will be reduced. The Interest rate is calculated on a daily basis and is charged at the end of each month.

A mortgage loan is a secured loan that allows you to avail funds by providing an immovable asset, such as a house or commercial property, as collateral to the lender. The lender keeps the asset until you repay the loan.

A house loan or home loan simply means a sum of money borrowed from a financial institution or bank to purchase a house. Home loans consist of an adjustable or fixed interest rate and payment terms. ... The property is mortgaged to the lender as a security till the repayment of the loan.

Packing Credit Loan in Foreign Currency (PCFC) is a form of pre shipment finance to exporters at internationally competitive rates.

The buyer receives the order and makes the full payment in Euro. Once you receive the payment, you convert it into INR and pay back the amount to the bank along with interest. This is known as an Export Packing Credit (EPC). In EPC, the bank lends the exporter in the form of the local currency.

Discounting of Letter of Credit is a short-term credit facility provided by the bank to the beneficiary. Bank purchases the documents or bills of the Seller (beneficiary) after he fulfills certain compliances and provides the required documents to be dispatched to LC opening bank.