Question
As per the IRACP norms given by RBI, which of the
following correctly represents a Cash Credit or Overdraft account (CC/OD) as out of order ? ÂSolution
A CC/OD account shall be treated as ‘out of order’ if:  The outstanding balance in the CC/OD account remains continuously in excess of the sanctioned limit/drawing power for 90 days , or  The outstanding balance in the CC/OD account is less than the sanctioned limit/drawing power but there are no credits continuously for 90 days, or the outstanding balance in the CC/OD account is less than the sanctioned limit/drawing power but credits are not enough to cover the interest debited during the previous 90 days period.
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