TJSB Salary Overdraft Facility

TJSB Salary Overdraft Facility is a scheme to enhance the financial flexibility of confirmed employees affected due to the unforeseen pandemic Covid – 19.

All you need to know

    To meet personal financial needs
  • Loan Limit : Net salary of last 3 months OR Maximum upto Rs. 3 Lacs whichever is lower
  • Pre-Payment Penalty : Nil
  • Rate of Interest : 11.00%* p.a.
  • Repayment Period : 3 years
  • Who can Apply

    Confirmed employee of Govt./Semi Govt. Establishments/Body Corporates/SMEs/Education Institutes/Hospitals, etc. With good credentials

  • Duly filled form with :

    i. Income Proof of Applicant(s) & Guarantor(s)
    ii. Residential Proof of Applicant(s) & Guarantor(s)
    iii. PAN Card of Applicant(s) & Guarantor(s)
    iv. KYC of Applicant(s) & Guarantor(s)

  • Prime Security : Undertaking from employer for salary remittance to TJSB Sahakari Bank Ltd.
  • Guarantors : Minimum one guarantor
  • Group Finance : Joint Membership
  • Individual : As per extant guidelines
* “Conditions Apply. Loan at the sole discretion of the Bank”

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