Overdraft

Using your fixed deposit as collateral can often work out cheaper than withdrawing it prematurely.

Borrowing against gold: Pick between a loan and an overdraft

A simple guide to choosing the right option based on how much, how long, and how often you need money.

Personal loan vs overdraft: Know key differences

Personal loans and overdrafts both provide financial support, but they function differently. While a personal loan offers a lump sum with fixed repayments, an overdraft allows flexible borrowing up to a limit, with interest charged only on the amount used.

Should you go for a personal loan or an overdraft facility?

In a personal loan, a fixed amount is given to you upfront. In an overdraft, a monetary limit is approved and you can withdraw any amount up to that. There is also a difference in the way interest is calculated in the two cases, among other things.

Jana Small Finance Bank offers overdraft facility against fixed deposits

The move is aimed at discouraging people from liquidating their FDs to meet their immediate monetary needs.

RBI relaxes overdraft facility stipulations for states, UTs

The RBI said this will “provide greater flexibility to the state governments to tide over their cashflow mismatches”

Banks to hold back on new home loan overdraft accounts

If money parked in the account is in excess of the EMI amount, it is treated as pre-payment towards the loan. This effectively brings down the liability, and interest is charged only on the balance.

RBI eases withdrawal limits for ATMs, current, overdraft A/cs

The Reserve Bank of India (RBI) today removed cash withdrawal limits from ATMs from February 1. The central bank also removed limits from withdrwals from current, cash credit and overdraft accounts with immediate effect.

Withdrawal limits eased for overdraft, cash credit a/c holders

Now, holders of current, overdraft and cash credit accounts may now withdraw up to Rs 50,000 in cash in a week. However, a criterion for the cash withdrawl is that such accounts should have been operational for three months or more.

4 ways a company can use loans to improve cash flows

Cash flows are the lifeblood of any company. Every business--especially if it is small--needs a regular inflow and outflow of money. This flow of cash can even determine the firm‘s future.

Will a home loan overdraft work for you?

When it comes to taking a home loan, borrowers have to consider numerous options – different interest rates offered by various banks (which may be fixed rate, floating rate, or semi-fixed rate), in addition &#82

Loan against property: What you need to know

Recently, loan against property (LAP) has emerged as a popular form of long-term loans, especially among the self-employed. According to a recent report from CRISIL, this loan category is expected to grow 22% annually &#82

RBI increases WMA for states to Rs 32,225 crore

WMA are intended to provide a cushion to the states to carry on their essential activities and normal financial operations. The Reserve Bank, as banker to the state governments, provides financial accommodation to states to tide over temporary mismatches in the cash flow of their receipts and payments.

Nearly 1.65 lakh a/c holders avail overdraft under PMJDY

More than Rs 22,000 crore have been mobilised under the Pradhan Mantri Jan Dhan Yojana (PMJDY) and 15.74 crore Rupay debit cards have been issued, Finance Ministry said in a statement.

Is home loan overdraft good for you?

Home loan overdraft is a great option for people having regular surplus money. Used judiciously and in a planned manner, it can significantly reduce your total interest outgo.

How to arrange money quickly- Emergency fund or overdraft

Emergency expenses is not something uncommon. They put burden on individuals. Traditional thinking prescribes an emergency fund. However for the disciplined ones overdraft can come to rescue.

3 crore bank A/cs opened till date under Jan Dhan: FinMin

As many as 3.02 crore accounts have been opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), the Finance Ministry today said in a release.

Critics attack 'wasteful, ineffective' PM Jan Dhan Yojana

Prime Minister Narendra Modi‘s latest initiative to push financial inclusion in the country, the Pradhan Mantri Jan Dhan Yojana, has come under attack from some experts for both its ideological standpoint as well as for its effectiveness.

Jan Dhan: Is Modi going too fast on financial inclusion?

Even as such as a scheme promises to be a significant achievement for the Modi government, several questions remain over both the method and the pace at which it intends to push financial inclusion.

Federal Bk launches savings account with overdraft facility

Private sector lender Federal Bank today launched a premium savings account which has overdraft facility for high-end salary earners.

Taking a personal loan: 4 things you should never forget

Prefer a secured loan against a unsecured loan as the rates are lower, says Feroze Azeez, Director - Products, Anand Rathi Private Wealth Management.

How to leverage your bank deposits in emergencies

Rajiv Raj of creditvidya.com explains on availing the benefits of overdraft facility in bank deposit schemes. This is done so that investments in fixed deposits are untouched when some amount of money is needed urgently for a short period of time.

Federal Bank offers overdraft facility against gold loans

Kochi-based Federal Bank, which has seen high growth in its gold loan book in recent months, today introduced a new facility that offers an overdraft facility against pledged gold.

Crisil downgrades DLF debt rating, shares fall

DLF shares fell Friday after ratings agency Crisil downgraded ratings on the real estate developer's various debt programmes raising concerns over high debt.