Ujjivan Small Finance Bank launched an overdraft (OD) facility for micro & small enterprise (MSE) customers. OD facility is offered to all MSEs with a turnover of Rs.....lakh or more.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Ujjivan Small Finance Bank launched an overdraft (OD) facility for micro & small enterprise (MSE) customers. OD facility is offered to all MSEs with a turnover of Rs____lakh or more.

A	Rs 20 lakh
B	Rs 40 lakh
C	Rs 10 lakh
D	Rs 50 lakh

Explanation:

Detailed explanation-1: -New Delhi: Ujjivan Small Finance Bank, a wholly owned subsidiary of Ujjivan Financial Services Limited, has launched Overdraft (OD) facility for Micro and Small Enterprises (MSE) customers across all bank branches nationally.

Detailed explanation-2: -CGTMSE Overdraft Facility Rate of interest (ROI Range ): 13%-15% p.a.

Detailed explanation-3: -MSE Loans: Ujjivan SFB offers MSE loans from ₹ 3 lakhs to ₹ 1500 Lakhs for any small or medium enterprise business need.

There is 1 question to complete.