WILL ICICI OD AGAINST FD REPORTED BE REPORTED TO CIBIL?

[rextg]

I have taken OD Against Fd (very less interest rate 6.4%)after closing my fd card since I got Amazon pay and ltf coral rupay to build good credit profile(currently 782 cibil).Will it be reported to credit bureaus as a secured loan?

 

[Lobogris]

I have taken OD Against Fd (very less interest rate 6.4%)after closing my fd card since I got Amazon pay and ltf coral rupay to build good credit profile(currently 782 cibil).Will it be reported to credit bureaus as a secured loan?

Yes. I tried it with RBL and it was reported as an overdraft account.

 

[s1t2y3a3m6]

I have taken OD Against Fd (very less interest rate 6.4%)after closing my fd card since I got Amazon pay and ltf coral rupay to build good credit profile(currently 782 cibil).Will it be reported to credit bureaus as a secured loan?

Yes, bank reported

 

[Vasuki]

I have taken OD Against Fd (very less interest rate 6.4%)after closing my fd card since I got Amazon pay and ltf coral rupay to build good credit profile(currently 782 cibil).Will it be reported to credit bureaus as a secured loan?

Y e s

Reported when i did in back in 2021 for icici bank

 

[KunalJ]

What will be cibil score hit if taken OD against MF/Shares

 

[Vasuki]

What will be cibil score hit if taken OD against MF/Shares

Any od will be reflected as secured loan ..
Not much impact ..
Moreover good impact

 

[sidp]

Yes OD are always reported to cibil. Either as personal loan or secured loan depending what you opted for.
But with OD your focus shouldn't be on cibil, rather on t&c. Many times there are hidden charges. Even stacked charge where they charge more as time passes.

 

[sidp]

Any od will be reflected as secured loan ..
Not much impact ..
Moreover good impact

It depends. There are option to opt OD in savings account also. They are reported as personal loan.

 

[SSV]

I have taken OD Against Fd (very less interest rate 6.4%)after closing my fd card since I got Amazon pay and ltf coral rupay to build good credit profile(currently 782 cibil).Will it be reported to credit bureaus as a secured loan?

I had done this..
It will be reported as an Unsecured OD, even though it shows as od issued against FD.

Absolutely no use in help improving the score.

 

[jetesh]

Yes. I tried it with RBL and it was reported as an overdraft account.

Which variant or credit card do we usually get in RBL against FD?