Overdraft against FD

[dearrangaji]

Please koi btayega sbi se fd par overdraft k bare m puri details actually mujhe car rc transfer krni h or car par loan h 2.5 lak ka isliye soch rha hu ki od lekar loan clear krdu… please give me suggestions

 

[krishna1718]

interest rate+ 2% charges plus processing fee around 500 to 1000, you may get 70 to 80 % of fd limit as od depends on bank policy. suppose your bank interest 7% od rate of interest 9% you continue to earn 7% but you need to pay 9-10% including gst to repay od loan indirectly you are losing 3% interest at most check if bank providing car loan less than 10% then go with loan with good cibil you may get least 8.75% interest rate from bank

 

[dearrangaji]

Od ko repay krne ki koi limit hoti h kya

 

[krishna1718]

you have to select tenure 3 or 6 or 12 months or more depends on how much you can repay everymonth only interest is different rest every thing like a loan

 

[dearrangaji]

fd ki maturity date se phle clear krna hoga kya…?

 

[dearrangaji]

fd auto renew ho jati h to kya jb tk fd renew hoti rhegi tb tk kr skte h

 

[krishna1718]

fd auto renew ho jati h to kya jb tk fd renew hoti rhegi tb tk kr skte h

fd will be lien till you clear od you cannt closed fd it will be autonew once you clear od your fd lien will removed after than only you can close fd

 

[krishna1718]

fd ki maturity date se phle clear krna hoga kya…?

no bank will give minimum tenure and maximum tenure depends on it you have to select, bank may give 3-4 years max

 

[dearrangaji]

fd will be lien till you clear od you cannt closed fd it will be autonew once you clear od your fd lien will removed after than only you can close fd

Aisa to nhi ki jse may 2025 m fd ki maturity h but ye auto renew ho jati h.. to may 2025 tk hi od close krna hoga…?

 

[krishna1718]

Aisa to nhi ki jse may 2025 m fd ki maturity h but ye auto renew ho jati h.. to may 2025 tk hi od close krna hoga…?

no it will be autonew for same period from may 2025 it will continue to autonew if you od deadline was Jan 2027 also

 

[dearrangaji]

How to know my od deadline

 

[dearrangaji]

Islo 1 saal 3 saal 5 saal 7 saal kitna b chla skte h kya