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

Nikhil Kaushik (Expert)
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15 June 2014 within 6 months of expiry of last sanction...though banks may follow shorter deadlines for maintaining efficiency

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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15 June 2014 more or less all the banks follow this same policy.............

Rupesh Jain

Rupesh Jain (Expert)
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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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