• Drawee Bill Finance for Suppliers
  • Drawee Bill Finance or Overdraft facility for Dealers.

Eligibility criteria


Sponsoring Corporate can be a Manufacturing Unit, Wholesale Dealer of goods, Distributor of goods, or a Provider of Services. The Sponsoring Corporate should be rated SBS 1-3 and SBS 4-6 (previous rating of 'AA' and above).

  • Facilities to Suppliers and Dealers would be extended based on the referral of the Sponsoring Corporate.
  • Exposure to each Dealer to be based on the referral of the Sponsoring Corporate.

Financial criteria


Sponsoring Corporate's referral letter to state that their past dealings with the Supplier/Dealer are satisfactory. No prior period of association to be prescribed.




Maximum exposure


Within the existing norms, for the purpose of financing under these liberalized terms, a cap of Rs.25 lacs is prescribed in respect of each Supplier and each Dealer. Above these limits, Bank's normal lending norms/procedures to be made applicable.Finance to Supplier to be outside MPBF of the Sponsoring Corporate and the stocks procured from Suppliers by this facility would be treated as "unpaid" stocks till the liability under the Bills is extinguished.

Tenor of the facility


Maximum 90 days exclusive of Free Period offered, if any

Grace period


Grace period of 03 days to Dealers only in cases where Post Dated Cheques are not obtained

Rate of interest


Suppliers: 1% below PLR, Min 10.25% pa. Zonal Managers shall have the discretion to approve a concession of 0.25% (10% floating). Further concession to be approved at HO level.

Dealers: : ROI not below the rate for which the Sponsoring Corporate is eligible for W/C Finance against Book Debts.

Penal rate


2% over the contracted rate.

Processing charges


No processing charges for the suppliers.1% of limit fixed for each dealer payable up front at the time of sanction of limit to dealer.


Please contact our nearest Corporate Banking Branch/ SSI Branch for further/complete details: