Over Drafts
Overdraft Facility: Flexible Credit When You Need It Most
At Peoples Co-operative Society Ltd., we understand that cash flow challenges can arise without warning. Thatβs why our Overdraft Facility is designed to give you access to funds exactly when you need them without the hassle of applying for a new loan each time.

π Why Choose Our Overdraft Facility?
π³ Withdraw as Needed
Access funds up to your approved limit and pay interest only on the amount you use β not on the full limit.
π Ideal for Businesses & Individuals
Maintain liquidity and manage urgent cash needs, especially for traders, shopkeepers, salaried individuals, and entrepreneurs.
π Minimal Documentation
We make it easy to apply with straightforward paperwork and fast approvals.
π Revolving Credit
Once approved, your overdraft limit is reusable β repay and borrow again within the sanctioned amount.
πΌ Linked to Your Savings or Deposit Account
Enjoy seamless overdraft facilities against your savings, current, or fixed deposit accounts.
π Who Can Benefit from an Overdraft?
Business owners managing seasonal or irregular income
Salaried individuals handling emergency expenses
Professionals covering short-term gaps
Traders and merchants dealing with supplier payments
π Fast Facts: Our Overdraft Support
Loan limits based on income, deposit, or security
Interest charged only on utilized amount
Tenure & renewal options available
Dedicated support team for business account holders