Sanmitra Sahakari Bank Ltd. offers a Cash Credit facility as a type of loan scheme. This service is designed to provide working capital to businesses and individuals.
Key points about the Cash Credit facility from the available information:
Purpose: The Cash Credit facility is intended to meet the working capital requirements of small-scale industries and other business entities.
Loan Schemes: The bank lists "CASH CREDIT (REGULAR)" and "LOANS TO SMALL SCALE INDUSTRIES (CASH CREDIT)" as specific loan schemes. This indicates that they have tailored options for different business needs.
Any Branch Banking: The bank's "Any Branch Banking" service allows account holders with a Cash Credit account to perform certain transactions from any of their branches. This includes:
- Cash Deposit: Account holders, business associates, or partners can deposit cash into the Cash Credit account from any branch
- Cash Payment: Cash withdrawals can be made from a Cash Credit account at any branch, but only through cheques.
Fund Transfer: The bank also facilitates fund transfers through NEFT and RTGS for its customers, which would be relevant for managing a Cash Credit account.
