Overdraft and business loan
This query is : Resolved
Quick Summary
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?
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?
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
b yes you can continue.
c It will affect your credit rating, PAN will be the same
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?
what are other banking effects?
30 July 2021
With the consent of the bank for operative reasons we can open current account with other banks.
31 July 2021
thank u so much sir.
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