How does Overdraft Against FD help you obtain cash?

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2025-07-10 10:14:11 - Traduire -

An overdraft against a Fixed Deposit is one of the fastest and most cost-effective ways to borrow money from a bank without prematurely breaking the FD. In this arrangement, your FD serves as collateral for the OD facility. You can get an OD limit of up to 80% of your FD’s value. However, this may vary by bank policies. Interest is charged only on the amount utilised,...

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