| OVERDRAFT - TAX PAYER’S LIQUIDITY SCHEME (TPLS) | |
|---|---|
| PARAMETER | PARTICULARS |
| Eligibility | Income Tax payer’s in business/ profession |
| Purpose | Legally permitted productive/ personal purpose |
| Nature of facility | Overdraft |
| Quantum of Advance | 3 year’s total taxable income as per ITR of the applicant from all sources including agriculture. Maximum funding – Rs 100 lakhs. |
| Tenure | The account should be renewed once in a year |
| Proof of Income | Income Tax Returns acknowledged by IT department along with computation of income. |
| Security | Mortgage of prime residential / house property |
| Guarantee |
1. If the security property is owned by the applicant, then spouse of the applicant or any other person with substantial means 2. If the security property is owned by others – owner of the property. |
| Documents Required |
|
Important update: As per New Income Tax Rules, 2026 – Forms 15CA/CB for foreign remittances are replaced by Form 145/146 with effect from 1st April, 2026. To know more,click here Form 145 or Form 146
CSB Bank introduces Electronic Bank Guarantee (e-BG) through NeSL’s Digital Document Execution (DDE) platform—offering a faster, safer, and paperless guarantee issuance experience.
