Need working capital urgently? Now, get an Overdraft online instantly

Every day, thousands of small business owners across the country need working capital immediately either for a sudden business opportunity or exigency. More often than not, when they need the funds for short periods of time, they do not have collateral to borrow money. In all such situations, they are looking for instant, low cost and hassle-free financing solutions. Let us tell you the story of two such business owners – Shilpa and Ravindra.

Handicraft Gift?Boutique owner, Maharashtra - ?Shilpa Sinha

Shilpa's gifts' boutique just had a great month. She had shipped the highest number of orders ever and this miraculous feat had come just after she was on the verge of closing the boutique down. A couple of months back, her tiny but well-established business had come to a grinding halt due to a nationwide lockdown. When it was all but over, her and her artists' resilience helped in rebuilding the business and orders started flowing in for the festive season. The team pulled all stops to ensure that all orders were fulfilled in time. Her customers were delighted. The payments would come in due course over the next 15-30 days.

And yet, Shilpa was worried. The festival was 5 days away and she needed to pay the artisans to ensure that they could celebrate. She had committed to pay them, but she had no funds left. How could she meet her commitments?

Data Processing Unit Owner, Haryana – Ravindra Gupta

Ravindra was a local hero of sorts. Five years back, he had left his cushy job in Chennai to return to his village. He built a small data processing business ground up. Not only did his firm provide employment to graduates in his village but also enabled young girls and boys to participate in the digital dream.

A week ago, a client had requested him for 20 additional data processing desks immediately. 20 additional desks would double his firm's size overnight. But this also meant that he would have to invest in people and infrastructure. His client had agreed to extend a partial advance to help him in setting up the infrastructure, but he would still need to find funds to hire and train people.

Where would he find the short-term capital to fund his business expansion overnight?

Do the above dilemmas sound familiar? Do you want to know what Shilpa and Ravindra did to help them in meeting their immediate working capital requirements?

Shilpa and Ravindra, like many of small business owners turned to ICICI Bank’s Insta OD Plus to meet their working capital requirements. Insta OD Plus is a first of its kind, instant overdraft (OD) offering by an Indian bank in which the overdraft line is sanctioned in a few clicks and in a paperless manner. ?The facility is not limited to existing ICICI Bank customers, non ICICI Bank customers can also apply online using digital platform of Insta OD Plus .

An OD is generally considered an efficient and flexible form of borrowing as interest is levied only on the amount utilised for the corresponding period .Customers can deposit funds into their current account to reduce the outstanding balance and withdraw funds basis business requirements.

If you are looking for a seamless and hassle-free way to to fund working capital needs, ICICI Bank’s Insta OD Plus may be the offering you need to turn to.

Click to apply for Insta OD Plus here .

Terms and conditions apply

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