Working Capital Cash Credit

A CC limit or cash credit limit allows you to withdraw money or issue cheque up to the approved CC limit, even if there is no balance in the account. It is a short-term credit facility generally for 12 months, which is renewable after every 12 months. Whatever amount you repay into the cash credit or CC account; you can withdraw it again as long as the limit is not over utilized. That’s why Cash credit limit or CC limit facility is also called revolving credit facility.

Documents for Working Capital Cash Credit :-

• Pan Card
• Aadhar Card
• Voter ID Card
• Passport
• Latest Month Electricity Bill
• Copy of VAT/ Sales Tax, GST, Import-Export or any other registration Certificate
• Latest Office Address proof i.e. electrcity bill, rent agreement etc.
• Company Profile on the Letterhead of the firm
• Latest 3-year ITR with computation of Income including P & L a/c, balancesheet with their schedule and annexures duly certified by CA
• Form No. 3 CA & 3 CD in case of audited balance sheet
• Latest 2 years VAT/ Sales Tax/ GST return
• Latest 2 year form 26AS if applicable
• One year up to date all the saving and current account statement
• Copy of previous chain of property papers
• Copy of approved sanction plan or Map