It was a straightforward process for me. When I opened my Union Bank current account for business transactions, I had informed the bank that I was interested in obtaining a Cash Credit facility. I was initially told that the bank would need to review one year of transaction history before considering the request.
However, within the first year, I maintained a strong relationship with the bank i had toatal credit of 35 lakh approx in my Current account and my turnover was good and my relation with staff and the Assistant Branch Manager was also good. As a result, when I approached the bank in January 2024, they sanctioned a Cash Credit limit of ₹5 lakh. Subsequently, during the renewal in February 2025, the limit was enhanced to ₹10 lakh.
On average, I utilize only ₹2–3 lakh, and most of the time my account balance remains above the sanctioned limit.
I have given last 2 Year ITR , UDYAM and Balance Sheet with Estimate and Projected I got Sanction Within a week and Renewal time in 1 day the account was renewed and limit was upgraded .
