Validity of cc renewal period after paper submitted by bank
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 June 2014
after submission of all required data for renewal of cc , what is the validity of time for renewal of cc account by rbi ? is each bank follows or applicablity of renewal is different ? pl enlighten on it ?
Nikhil Kaushik
(Expert)
15 June 2014
within 6 months of expiry of last sanction...though banks may follow shorter deadlines for maintaining efficiency
15 June 2014
more or less all the banks follow this same policy.............
Rupesh Jain
(Expert)
16 June 2014
CC limit renewal will due every year . after the year every company./firm will make compliance of renewal for Cc limit . if they required to continue of CC limit facility. normally with in 90 days after the expire of one year you have to apply with bank due to bank will take NPA assets after 90 days.
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