Open Account

Temporary Overdraft

On this financed amount, about 3% (variable) interim service cost + GST will be collected per annum from the customer

Taqwa has prepared many schemes for benefit of the general public, Temporary Overdra is also one of such schemes. As per the procedure of this scheme Taqwa will provide a short-term Finance facility under Temporary Overdra to its exisng customers. On this financed amount, about 3% (variable) interim service cost + GST will be collected per annum from the customer, which is Taqwa's actual overhead expenditures plus a processing fee of ₹ 200/- shall also be collected as fixed by the Taqwa Management. This scheme is based on the Shari’a principle called “Haq-e-Khidmat” i.e. “Service Cost”.

  • Financing term is 1 month against salary assignment to Taqwa Banking.
  • Cost of branch operations and no profit is allowed.
  • Processing fee is Rs 200/-.
  • No hidden cost. All hidden benefits.
  • Shari'a term: ‘Actual Service Cost' only.

Contact Us

To raise any complaint or suggestion, please contact the specialized complaints unit at Taqwa through any of the following channels

location_on 38-A, Nagappa Nayak Road, NH66, Bhatkal (N.K)-581320, Karnataka, India

mail contact@itaqwa.com

phone_in_talk +91-8385450000 OR +91-9380115722