Answer:
Criteria for treating
different types of loans and advances as overdue are as follows:
· Any
Continuous Loan if not repaid/renewed within the fixed expiry date for
repayment or after the demand by the bank will be treated as past due/overdue
from the following day of the expiry date.
· Any
Demand Loan if not repaid within the fixed expiry date for repayment or after
the demand by the bank will be treated as past due/overdue from the following
day of the expiry date.
· In
case of any installment(s) or part of installment(s) of a Fixed Term Loan is
not repaid within the fixed expiry date, the amount of unpaid installment(s)
will be treated as past due/overdue from the following day of the expiry date.
· The
Short-term Agricultural and Micro-Credit if not repaid within the fixed expiry
date for repayment will be considered past due/overdue after six months of the
expiry date.
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