Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is there any foreclosure penalty under Car OD?

April 26, 2017car foreclosure od penalty

0

Posted

Is there any foreclosure penalty under Car OD?

1 Answer

0

Posted

No, there is no foreclosure penalty. The customer is free to close the Car OD account whenever he wants to, by requesting the Bank to do so in writing, and along with the same surrendering the unutilised chequebook and Debit Card and making payment of the entire outstanding.