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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
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Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
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Working Capital Finance
Working capital loan is one of the wholesale lending products provided by the bank to a business organization to meet its day-to-day cash flow requirements such as general expenses, maintaining liquidity in trading operations, operating expenses, pay suppliers and other creditors, etc.Read More
We at IDFC FIRST Bank offer a wide range of working capital loans like –
• Cash Credit/Overdraft (CC/DD)
• Working Capital Demand Loan (WCDL)
• Working Capital Term Loan (WCTL)
• Short Term Loan (STL)
• Commercial Paper (CP)Read Less
Cash Credit (CC) or Overdraft (OD)
Cash credit is a running account facility and is extended for a short period, usually up to 12 months and reviewed/renewed on an annual basis. It is a finance against primary security of inventory (consisting of raw materials, stocks in process and finished goods), book debts of a borrower, etc. Overdraft is a limit extended into the customer to remit and draw funds freely, subject to the sanctioned limit. Overdraft against FD is a type of secured loan where customers can pledge their fixed deposit as security to avail of a quick loan. We at IDFC FIRST Bank offer loan of up to 100% as OD against FD.
Working Capital Demand Loan (WCDL)
Working Capital Demand Loan is usually offered with a fixed maturity date and can be recalled anytime (often on a 24-hour notice) by the Bank. It must be paid in full on the date of demand. WCDL is to meet specific short-term working capital finance needs of the business and the tenor usually ranges from 7 days to 1 year.
Working Capital Term Loan (WCTL)
A working capital term loan is a non-revolving loan with a specific amount and has a specified repayment schedule. WCTL can be secured or unsecured and is generally offered for tenure between one to five years.
Short Term Loan (STL)
A short term loan is offered with a fixed maturity date to meet specific short-term financial needs of the business. The tenor of such an STL can range from 7 days up to 1 year with a restriction on the number of rollovers which can be done in line with the RBI guidelines.
Commercial Paper (CP)
Commercial Paper is a money market instrument used by highly rated corporate borrowers to raise short-term funds to meet their short- term use such as working capital needs. CP is a short term corporate paper like an issuance promissory note with fixed maturities and negotiable by endorsement and delivery. CP's can be issued for a minimum tenor of 7 days and a maximum up to one year from the date of issue.
Cash Credit (CC) or Overdraft (OD)
Cash credit is a running account facility and is extended for a short period, usually up to 12 months and reviewed/renewed on an annual basis. It is a finance against primary security of inventory (consisting of raw materials, stocks in process and finished goods), book debts of a borrower, etc. Overdraft is a limit extended into the customer to remit and draw funds freely, subject to the sanctioned limit. Overdraft against FD is a type of secured loan where customers can pledge their fixed deposit as security to avail of a quick loan. We at IDFC FIRST Bank offer loan of up to 100% as OD against FD.
Working Capital Demand Loan (WCDL)
Working Capital Demand Loan is usually offered with a fixed maturity date and can be recalled anytime (often on a 24-hour notice) by the Bank. It must be paid in full on the date of demand. WCDL is to meet specific short-term working capital finance needs of the business and the tenor usually ranges from 7 days to 1 year.
Working Capital Term Loan (WCTL)
A working capital term loan is a non-revolving loan with a specific amount and has a specified repayment schedule. WCTL can be secured or unsecured and is generally offered for tenure between one to five years.
Short Term Loan (STL)
A short term loan is offered with a fixed maturity date to meet specific short-term financial needs of the business. The tenor of such an STL can range from 7 days up to 1 year with a restriction on the number of rollovers which can be done in line with the RBI guidelines.
Commercial Paper (CP)
Commercial Paper is a money market instrument used by highly rated corporate borrowers to raise short-term funds to meet their short- term use such as working capital needs. CP is a short term corporate paper like an issuance promissory note with fixed maturities and negotiable by endorsement and delivery. CP's can be issued for a minimum tenor of 7 days and a maximum up to one year from the date of issue.
