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PBL
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Corporate Banking » Cash Credit A/C (CC)
Cash Credit A/C (CC)
Category
It is of two types: Hypothecation and Pledge
The account may have debit or credit balance on the basis of transaction. Debit balance will be treated as Asset and Credit balance will be treated as liability. It will be categorized as demand deposit for credit balance and advance for debit balance.
Customer Eligibility
Opening a Cash Credit Account, prior sanction is required.
Eligible customers are
- Individual (Adult)
- Sole traders Firm/Proprietorship
- Partnership Firm
- Joint Stock Company
- Non Trading Concern ( Club, Society etc.)
- Govt./Autonomous Bodies
- NGOs.
Account Opening Procedure
Photograph
Specimen Signature
Specific papers/documents on the basis of the type of the customer.
Joint Account Concept
Allowed
Operation as per instruction: Joint/Any/All
Payable to either or survivor.
Nominee Inclusion
Required in case of individual or proprietorship company
Operation by PA holder
Allowed
Deposit Procedure, Transaction Nature, Restrictions
Random by the depositor
No restriction for deposit
Withdrawal Procedure
By cheques supplied by the bank.
Debit by bank through voucher is allowed.
Withdrawal Frequency
Random by the Customers within the sanctioned limit.
Excess over the limit may be allowed by the competent authority.
Repayment method
There is no repayment schedule. Borrowers can payback the entire loan amount on or before expiry date.
Security
Loans are secured by collateral or personal/corporate guarantee
Renewal
The cash credit advances can be renewed.
Renewal with enhancement (increase of principal) is also possible
Drawing Power Calculation
Drawing power (DP) depends on value of stock (collateral) and sanctioned limit. When Loan is sanctioned the value of security (stock), margin and limit as decided by the Bank are taken into account to arrive at the customer drawing power:
Drawing Power = Minimum (Stock – Margin, Limit)
Drawing power can be changed due to change of stock value, margin and limit at any time.
Change Interest Rate
Interest is fixed and can be changed anytime during the tenor of loan.
Incidental/Account Maintenance Fee and Other Charge
Incidental/Account Maintenance Fee is collected from the account.
Online service charge is applicable
Closing charge is applicable
Special Services except general services
The Special Services except general services that may be provided to the customer by the Bank, these include:
- Loan Ledger Statements
- Interest Calculation Sheet
- Account Closure
Excess Over Limit
Excess over limit may be allowed by the competent authority.
Operational Process after Expiry
There is no restriction for withdrawal in case of credit balance. For debit balance, withdrawal may be allowed by the competent authority. Interest charge will be continued as per rule.
For any query please Contact at: Tel: (PABX) 9551614 FAX: 880-2-9564009 or e-mail us at gsdd@pubalibankbd.com
Foreign Currency Rates
Currency Buying Selling
USD 81.00 82.50
EURO 86.15 90.80
GBP 99.70 104.70
News & Events

November 08, 2016
A training course on ‘Foundation Training for Senior Officers & Officers’ was held recently under the auspices of Pubali Bank Training Institute.

 

November 03, 2016
Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

 

November 03, 2016
Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

 

November 02, 2016
Pubali Bank Limited donates Tk. 20(Twenty) Lac to Dhaka Bar Association .

 

October 27, 2016
Pubali Bank Ltd. organizes Follow up Meeting with the CLS Agents on Consumers Credit Scheme .

 

October 23, 2016
Pubali Bank Ltd. gives bicycle to girls of Monir Ahmed Academy, Sylhet .

 

October 19, 2016
Pubali Bank Ltd. inaugurates its shifted Gulshan Model Town Corporate Branch.

 

March 01, 2015
Pubali Bank Ltd. recommended for 10% Cash Dividend for the year 2014.

 

February 23, 2015
Md. Abdul Halim Chowdhury new Managing Director of Pubali Bank Ltd.

 

February 22,, 2015
1st Managers’conference-2015 of Dhaka South Region of Pubali Bank Ltd. held.

 

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