Flexible Overdraft Facility
Unlock instant liquidity against your fixed deposits, securities, or property. Pay interest only on the amount you use. Perfect for managing unpredictable cash flow.
Smart Cash Management
Traditional loans can be rigid. An overdraft facility gives you the power to withdraw as much as you need, up to your sanctioned limit, and pay interest only on the utilized amount for the exact number of days.
Pay-As-You-Use
Interest is charged daily only on the actual amount utilized.
Instant Liquidity
Access funds in your account instantly when needed.
Renewable Limit
A revolving credit line that can be renewed annually.
Multiple Securities
Secure the overdraft against Fixed Deposits, Shares, Mutual Funds, or Property.
Eligibility Criteria
- No prepayment charges
- Lower interest rates than credit cards
- Available for both individuals and businesses
- Easy online application and processing
- Limit can be enhanced based on security value
Documents Required
Identity Proof
Aadhar, PAN, Passport
Income Proof
Salary Slips, Form 16
Bank Statements
Last 6 Months Records
Address Proof
Utility Bills, Agreement
Flexibility on Demand
Four steps to a liquid credit cushion.
01
Select Security
Choose FD, Property, or Shares as collateral.
02
Credit Assessment
Setting an OD limit based on your security value.
03
Digital Setup
Facility linked directly to your current account.
04
Use & Repay
Pay interest only on the amount you withdraw.
Overdraft FAQs
Interest is calculated on the daily outstanding balance of your overdraft account, not the entire limit.
Yes, OD against Fixed Deposit is one of the fastest ways to get liquidity while your FD continues to earn interest.
In most cases, there are no commitment fees; you only pay for the funds you actually use.
Gain financial flexibility
Get an overdraft facility for your business or personal needs today.