OD

ICICI Bank Launches OD Facility for MSMEs Based on Their GST Returns

“This facility brings in the improved convenience of availing of quick OD facility, as it does away with the need for a paper-intensive assessment of financial documents, including balance sheets of previous years,” the bank said in a release. MSMEs will be sanctioned the overdraft amount within two working days and the bank will assess their GST returns to assess their eligibility for working capital limit.