Dear Customer, please note that we have revised our Interest Rates and improved our Product Service delivery w.e.f 01.10.2018; Visit our nearest branch for update. View More...

Audited Financial Results as on 31.12.2017

Audited Financial Results as on 31.12.2016

Audited Financial Results as on 31.12.2015

Financial Statement as on 31.Dec.2018

Audited Financial Statement as on 31.Dec.2018

Exchange Rates


Cash flow Fluctuations means that you may sometimes need to fund temporary shortfalls in your operating cash account for things like stock, Bills, wages and other expenses.
That’s why BOIUL offers an overdraft facility to ensure that you have a financial safety Net when you MOSTLY need it.

Main features and benefits
  • To meet short term personal requirements.
  • 95% to 100% of Deposit amount inclusive of accrued interest.
  • Minimum 2% above the interest rate on the Deposit pledged as security.
  • No fixed repayment program as account fluctuates from debit to credit.
  • Save unnecessary interest costs as interest is calculated on the outstanding daily balance and is charged monthly.
  • Repayment Period; Maximum 36 months but not later than the maturity date of the deposit pledged.

Basic Requirements
  • Formal Application stating the amount, purpose, tenor, source of repayment and proposed security.
  • Lien on borrower’s or 3rd party’s term deposit held with BOIUL.
  • A letter of lien and set-off to be obtained from third party if facility is secured by a third party deposit.
  • No Loan/Overdraft facilities will be allowed to third parties against the deposits held in the name of Minors. Against the deposits of a minor, the facility can be availed by the natural guardian for the benefit of minor ONLY.