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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
Six questions, answered
Tap an answer for the detail01Product identity
- ProductNarmada Flexi Overdraft
- LenderNarmada Bank Ltd (bank)
- Sanctioned1 Mar 2026
- Account••••8812
- DocumentsSanction letter · Account statement · September
02What this is
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.
03Key numbers
Line in useRate a year
13.50%
14.37% compounded
Limit
₹2,65,000
After the drop so far
Used
₹1,26,737
47.8% of the limit
Fees a year
₹1,180
With GST
₹1 lakh for 30 days
₹1,110
Interest only on use
04Important findings
Most important first · tap to expand₹1,38,263 is still available. At 13.50%, what's used costs about ₹1,406 a month in interest. Keep some credits coming in: a line with no credits for 90 days, or credits that don't cover the interest, counts as out of order.
Statement p.1, Statement · Sanction p.1, Limit
Coming up
15 Nov 2026
Renewal · ₹1,000 + GST
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- Interest at 13.50% on what's used, charged monthly
- ₹1,180 a year in fees with GST, used or not
- Keep credits coming in, so the account doesn't go out of order
06What can change
- RateMoves with its benchmark
- LimitFalls by ₹5,000 each month
- RenewalDue 15 Nov 2026
07Closing the line
- Closing the lineNo charge: a floating-rate line for personal use, sanctioned or renewed from 2026.
- Credit reportCheck after about a month that it shows the line closed