MoneyLens / Credit lines
Your credit line, explained.
Overdraft against FD · Tapti Bank Ltd · ••••2217
Illustrative
Overdraft against FD
Statement30 Sep
Used
₹1,20,940
₹3,29,060 available
Net cost
2% a year
about ₹202 a month over the FD
Rate a year
9.10%
FD earns 7.10%
Limit
₹4,50,000
90% of the FD
26.9% of the limit used₹3,29,060 available
An overdraft against FD from Tapti Bank Ltd with a ₹4,50,000 limit at 9.10% a year. Interest runs only on what's used, from the day it's used; the deposit keeps earning meanwhile but stays under lien. ₹1,20,940 is used now.
Myra's most important observations
Used and available
Sanction p.1, Limit · Statement p.1, Statement- Sanctioned limit₹4,50,000
- Used₹1,20,940
- Available₹3,29,060
At 9.10%, what's used costs about ₹917 a month in interest.
This statement's interest
Checks out- Period1 Sep 2026 – 30 Sep 2026
- Used on average₹1,25,667 over 30 days
- Most used₹1,50,000
- Myra's rebuild₹940
- Charged on the statement₹940
2 transactions were read for this. They weren't kept.
Credit Line Intelligence
What Myra checked across the line's documents and RBI's rules.
| Check | What Myra found | Status | Source |
|---|---|---|---|
| Interest rate | 9.10% a year on what you use, 2% more than your FD earns (7.10%) | Verified | Sanction p.1, Interest · Sanction p.1, Security |
| Interest only on use | Using ₹1,00,000 for 30 days costs about ₹748 in interest | Verified | Sanction p.1, Interest · Sanction p.1, Limit |
| Used | ₹1,20,940 of ₹4,50,000 used (27%) | Verified | Statement p.1, Statement · Sanction p.1, Limit |
| Your deposit | The limit is 90% of your ₹5,00,000 deposit, which matures on 14 Aug 2027 | Verified | Sanction p.1, Security · Sanction p.1, Limit |
| Interest checks out | The ₹940 interest matches Myra's rebuild (₹940) | Verified | Statement p.2, Transactions · Statement p.1 · Sanction p.1, Interest |
When a line goes “out of order”
RBI asset classification90 days in a row
Over the limit
What's used stays above the limit or drawing power.
90 days
No credits
Nothing comes into the account, or credits don't cover the interest.
from day 31
Reported
Flagged to credit bureaus as SMA-1, then SMA-2; a non-performing asset after 90 days.