Credit - Open Cash

What is the Interest charged for availing Open Cash?
The interest charged for availing Open Cash ranges from 18% to 36%. Open Cash facility is a daily chargeable product. Hence, broadly the interest will be ar...
Thu, 24 Oct, 2024 at 3:43 PM
How is the interest charged? Daily or monthly?
The interest is charged on a daily basis.
Thu, 24 Oct, 2024 at 3:44 PM
What is a Supplier Account?
Open cash is a supplier payment product where businesses add their supplier as beneficiaries on Open Money accounts and use the line of credit to make payme...
Thu, 24 Oct, 2024 at 3:44 PM
How do I use the Line of Credit?
Open Cash is a supplier financing product that is part of Open Money. To use it, follow these steps: Sign up or log in to open.money  Navigate to the Cre...
Thu, 24 Oct, 2024 at 3:46 PM
How can I repay?
To make a repayment follow the steps below: Navigate to the Open Cash homepage. Click Pay Now to make repayments. Enter a custom amount or pay the entir...
Thu, 24 Oct, 2024 at 3:46 PM
What is the penalty for delay in repayment?
For the delay in repayment, the penalty interest is charged at 8% per annum.
Thu, 24 Oct, 2024 at 3:47 PM
After making the payment, how long will I need to wait for the amount to reflect on the portal?
After making the payment, the amount will be reflected within 1 hour in the portal.
Thu, 24 Oct, 2024 at 3:47 PM
How can I close my Open Cash A/c?
To close the Open Cash account, please write to [email protected] from your registered Email ID.
Thu, 24 Oct, 2024 at 3:48 PM
Are there any charges for closing the A/c?
There are No charges for closing the A/c. However, all dues must be cleared and lender NOC is required.
Thu, 24 Oct, 2024 at 3:49 PM
Are there any Annual fixed charges for availing Open Cash facility?
There are No annual charges for availing the Open Cash facility. However, processing Fee is collected during the activation of the facility.
Thu, 24 Oct, 2024 at 3:49 PM