OD Account in Bank of Baroda

Does Bank of Baroda offer Over Draft (OD) Account Facility to the customers? I want to open the same account in this Bank. Please tell me what are the Terms and conditions for this Account? Can you tell me how can I submit Online Application for this type of account?

Hello sir, is there any one can show me here limits for overdraft account in bank of Baroda? What minimum and maximum limits for OD Account in Bank of Baroda?

[shikha]

The bank of Baroda is provides Overdraft against land and building is a unique product for financing working capital requirements/long term margin requirements of SME borrowers.

In Bank of Baroda requirements of SME borrowers is against the security of unencumbered land and building belonging to the unit or Promoters of the unit, or, close relatives of the promoters.

This OD account is available for to provide hassle free credit to SME borrowers to meet working capital requirements/augment long term margin requirements.

Features
Simplified assessment methods
Submission of stock/book debts statements on half yearly basis
Annual inspection of securities
Non-fund based facilities like LCs, Guarantees, allowed by earmarking Overdraft facility.
Valuation of properties once in 3 years

Limit
Minimum : Rs. 10.00 lacs (for Rural/Semi-Urban/Urban/Metro branches)
Maximum : Rs. 75.00 lacs (for Rural branches)
Rs. 200.00 lacs (for Semi-urban branches)
Rs. 500.00 lacs (for Urban & Metro branches)

Interest rates:

Micro Enterprises in Manufacturing & Service Sector (As per Regulatory definition) Base rate + 2% p.a. at present
Small Enterprises in Manufacturing & Service Sector (As per Regulatory definition) Base Rate+2.25% p.a. at present
Medium Enterprises in Manufacturing & Service Sector (As per Regulatory definition) Base Rate +2.75% p.a. at present
For other Enterprises, i.e. with annual sales turnover up to Rs.150/- crores. Base Rate +3.25% p.a. at present

Eligibility:

Salaried Employees who are in regular and confirmed employment in organized sector/large establishment companies/ Gov't department for atleast one year