Hello everyone, I'm Hari Vemula, if I will take loan of ₹1,50,000 against FD what is the interest rate. Bank interest rate is 5.75% for 5 years on FD. So how much they changed on Overdraft daily basis. Anyone please help me.
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Interest on Overdraft against FD
Replies (9)
Quick Summary
I think 1%extra
6.75% , the above member answer is correct
thanks you all but I want full calculation.
thanks but I want full calculation. will help you me
Please explain your query correctly
If I take OD of ₹1,50,000 from the FD of ₹3,00,000. How much interest can I pay to the bank every month. FD interest rate is 5.75% and OD interest rate is 2% extra on FD interest rate. OD interest is daily basis.
Rs. 32 interest calculated per day on overdraft and interest of Rs. 47 paid to you on fd daily
Generally OD against FD interest is 1% more than the FD Interest
Query is how much to pay not what bank pay
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