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Overdraft and business loan

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(Querist)
30 July 2021 if i avail overdraft and business loan on proprietorship current account (abcd name) from bank then

a) can i continue using existing current accounts with other banks in same name (abcd)?
b) if I become nri then will it be possible to continue that od and loan?
c) what affect od will make on my personal banking or any other current account with different name or same name?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 July 2021 a yes you can do so.
b yes you can continue.
c It will affect your credit rating, PAN will be the same
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Rahul Singh

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Rahul Singh (Querist)
30 July 2021 but sir isn;'t there a rule which says that if you have od from any bank you cannot open any new bank account. is that so?

what are other banking effects?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 July 2021 With the consent of the bank for operative reasons we can open current account with other banks.
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Rahul Singh

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Rahul Singh (Querist)
31 July 2021 thank u so much sir.
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