Salary Advance 

This new service is an added benefit intended to NSGB Payroll Customers having their monthly salaries transferred to their Current Accounts at NSGB as a salary advance to satisfy their short-term credit requirements.
The customer can overdraw his current account up to this limit and then the overdraft is automatically settled when the monthly salary is credited to the account. Therefore, the customer can not have an outstanding debit balance on his account for more than one month, but the facility is still available for withdrawal at a fee.

Eligibility

  Payroll customers with monthly salary transfer for at least six months.

Limits

  50% of monthly salary

Duration

  The authorization is valid for one year and renewed according to customer’s request and the  branch approval after evaluating the account performance during the previous year, and entitlement criteria.