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
- Property purchase by parents
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
- Amt of LTCG required to be reinvested on house pro
Related Threads
CAclubindia
