MoneyLens / Credit lines
Your credit line, explained.
Personal overdraft · Narmada Flexi Overdraft · Narmada Bank Ltd · ••••8812
Illustrative
Personal overdraft
Statement30 Sep
Used
₹1,26,737
₹1,38,263 available
Interest
₹1,737
on the last statement
Limit now
₹2,65,000
₹2,60,000 from 1 Nov 2026
Rate a year
13.50%
14.37% compounded
47.8% of the limit used₹1,38,263 available
Narmada Flexi Overdraft from Narmada Bank Ltd with a ₹3,00,000 limit at 13.50% a year. Interest runs only on what's used, from the day it's used. ₹1,26,737 is used now.
Myra's most important observations
Used and available
Sanction p.1, Limit · Statement p.1, Statement- Sanctioned limit₹3,00,000
- Limit after the monthly drops₹2,65,000
- Usable now (the lowest of these)₹2,65,000
- Next cut, 1 Nov 2026₹2,60,000
- Used₹1,26,737
- Available₹1,38,263
At 13.50%, what's used costs about ₹1,426 a month in interest.
This statement's interest
Checks out- Period1 Sep 2026 – 30 Sep 2026
- Used on average₹1,56,500 over 30 days
- Most used₹1,90,000
- Myra's rebuild₹1,737
- Charged on the statement₹1,737
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 |
|---|---|---|---|
| To check: closing early | A 2% charge for closing early, on a floating-rate personal line: RBI's rules say there's none | Finding | Sanction p.2, Closure · Sanction p.1 |
| To check: penal interest | The penalty is described as extra interest on top of the rate: to check | Finding | Sanction p.2, Penal · Sanction p.1 |
| Interest rate | 13.50% a year, charged monthly: about 14.37% a year compounded | Verified | Sanction p.1, Interest |
| Interest only on use | Using ₹1,00,000 for 30 days costs about ₹1,110 in interest | Verified | Sanction p.1, Interest · Sanction p.1, Limit |
| Fees | Keeping the line costs ₹1,180 a year, used or not | Verified | Sanction p.1, Charges |
| Renewal | The limit is up for renewal on 15 Nov 2026 (25 days) | Verified | Sanction p.1 · Sanction p.1, Charges |
| Dropline limit | The limit is now about ₹2,65,000, falling ₹5,000 a month: ₹2,60,000 from 1 Nov 2026 | Verified | Sanction p.1, Limit · Sanction p.1 |
| Used | ₹1,26,737 of ₹2,65,000 used (48%) | Verified | Statement p.1, Statement · Sanction p.1, Limit |
| Interest checks out | The ₹1,737 interest matches Myra's rebuild (₹1,737) | 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.