Hi
I had a small query:
Do banks charge interest on unutilised overdraft limit as well?
Thanks in advance.
Menu
Query
Replies (3)
Usually not, unless any terms of minimum interest in contract.
Banks always charge on unutilised overdraft limit the objective is have you not blocked such limits of credit it can be better utilised for others who need the credit facilites
Nationalised banks do not charge usually. Private banks do.
Recent Threads
- Time limit under section 119(2)(b) of ITA for AY 2
- How much cash allowed to loan prepayment to bank
- Procedure for 'inter-unit job work' under GST Act
- Advances received and Advances adjusted - HSN Summ
- Tax on Sale of Companys Shares
- Refund on Hold - Section 245
- CLARITY REGARDING ESIC WAGE CALCULATION AFTER NEW
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
Related Threads
CAclubindia
