Withdarwl of money from loan a/c

swetha (Querist) 27 March 2014 This query is : Resolved
can a person withdraw money (for self)from a secured overdraft

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Devajyoti Barman (Expert) 27 March 2014
vague query..give details.

swetha (Querist) 27 March 2014
withdarwal of money in lakhs within two months of approval of loan (for self)

Devajyoti Barman (Expert) 27 March 2014
Yes, he can unless any cap imposed by bank.

swetha (Querist) 27 March 2014
ya der is a clause in the agreement that he can withdarw anly for business transaction and if he cannot use for other purpose

Devajyoti Barman (Expert) 27 March 2014
do not use sms language here.

swetha (Querist) 27 March 2014
sorry sir. I will make a note that I wont use sms language

ajay sethi (Expert) 27 March 2014
agree with Mr barman

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