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What is the criteria for availing overdraft of Rs10000000 for a consignment sales agent from banks in India?
Wiki User
∙ 14y ago
It depends on the bank. But, to get an OD limit of 1 crore, you must have to maintain an average minimum balance of atleast 1 crore or more. Usually OD limit is set as 60% of fixed monthly earnings.
So if you have regular monthly earnings of 2-3 crores you can expect the bank to give you an OD of 1 crore.
Wiki User
∙ 14y ago
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